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.
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.
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.
Viacom chief executive officer Bob Bakish says he's not worried about competition in the streaming space, on the heels of its merger with CBS.
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.
Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production after having been hit by an attack this weekend that shut 5% of global oil output.
At an event hosted by Citigroup Inc this month, its dealmakers sat executives from major consumer-product companies alongside rivals trying to disrupt their businesses.
At a weapons exhibition in July in Yemen's Houthi-controlled capital Sanaa, military officials whipped silken sheets off what they said were newly-developed drones and missiles.
The chief executive of Russian state-controlled shipping giant Sovcomflot, Sergei Frank, will step down after 15 years in office, the office of Deputy Prime Minister Maxim Akimov said in a statement on Tuesday.
U.S. Vice President Mike Pence on Tuesday said he believed Congress would act to pass a new U.S.-Mexico-Canada free trade agreement this year, providing important momentum for the U.S. economy.
Oil prices dropped about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.
Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (bpd) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories.
Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.
U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers.
There will be no urgent OPEC meeting, the Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend attacks on its facilities.