Wall Street rises as oil fears recede, market awaits Fed
Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday.
Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday.
Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output.
Adobe Inc on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading.
The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East.
A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.
British Prime Minister Boris Johnson told Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday that there should be a collective response to attacks on the country's oil facilities.
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Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.
The Benettons ushered in a change of guard at Italian infrastructure group Atlantia , replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.
Oil prices tumbled about 6% on Tuesday after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.
Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.
The U.S. House Transportation and Infrastructure Committee on Tuesday formally asked Boeing chief executive Dennis Muilenburg to testify on the now grounded 737 MAX that has been involved in two deadly crashes since October 2018 that killed 346 people.
General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.
Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.
Adobe Inc on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.