Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that a U.S.-China trade agreement could follow the U.S.-Mexico deal.
Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock's lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.
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Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company's initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.
Ten states led by New York and California have filed a lawsuit to stop T-Mobile US Inc's $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.
German prosecutors said on Tuesday they were investigating the chairman of Volkswagen's powerful works council as part of a inquiry into whether some of its members were paid excessively, turning him from a witness into a suspect.
U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China.
General Motors Co is expected to announce on Wednesday it is investing about $150 million at its Flint Assembly in Michigan to boost production of heavy duty trucks, sources briefed on the matter said.
Wall Street's indexes ended Tuesday's session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday's U.S.-Mexico deal faded.
William Ackman's activist hedge fund Pershing Square Capital Management LP is opposed to United Technologies Corp's $120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday.
Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles.
Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products.
Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services.
The top U.S. antitrust enforcer said on Tuesday that studying enforcement actions against Standard Oil and AT&T decades ago can help lay the groundwork for looking at possible anti-competitive behavior at today's tech giants such as Alphabet's Google and Facebook.
Tesla Inc has got "a decent shot at a record quarter on every level", Chief Executive Officer Elon Musk said at the company's annual shareholder meeting on Tuesday.