October 15, 2019

United lifts 2019 profit target as strong travel demand outweighs MAX crisis

United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite […]
October 15, 2019

Wall Street gains as earnings season begins in earnest

Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market. Powered […]
October 15, 2019

Buffett’s Berkshire seeks Fed leeway to boost BofA bet: Bloomberg

Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg […]
October 15, 2019

Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup

Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it […]
October 15, 2019

Wall Street gains after strong start to earnings season

Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade […]
October 15, 2019

Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint

Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are […]
October 15, 2019

WeWork bond prices at record low on possible debt-heavy financing deal

The price of WeWork’s U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed […]
October 15, 2019

Google unveils Pixel 4 phones with radar, more affordable laptop

Alphabet Inc’s Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the […]
October 15, 2019

Big banks say U.S. consumers sturdy as businesses quiver with growth fears

Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears […]
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