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S&P 500 ekes out gain though profit worries weigh

The S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset worries about a weakening outlook for earnings.


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Posted 2019/07/09 21:30:52

Trade call between U.S., Chinese officials was constructive: White House

U.S. and Chinese trade negotiators held a constructive phone call on Tuesday, White House economic adviser Larry Kudlow said.


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Posted 2019/07/09 21:26:20

U.S. reverses plans to call Flynn as witness in upcoming Virginia trial

U.S. prosecutors have canceled plans to call President Donald Trump's former national security adviser Michael Flynn as witness in a trial involving Flynn's former business partner - an abrupt change that raises questions about Flynn's cooperation with the government and its impact on his sentencing.


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Posted 2019/07/09 21:20:40

IBM closes $34 billion deal to buy Red Hat to boost cloud business

International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc , as it looks to ramp up its cloud computing business.


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Posted 2019/07/09 20:46:53

Jury finds Platinum Partners founder guilty in fraud trial

Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners, was found guilty on Tuesday of defrauding bondholders of an oil exploration company Platinum controlled, but cleared of charges he defrauded investors in Platinum's hedge funds.


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Posted 2019/07/09 20:28:40

Stocks drop as trade dims earnings outlook; Mexican peso tumbles

A gauge of stock markets around the world fell on Tuesday as trade tensions weighed on the outlook for corporate earnings, while Mexico's peso tumbled after the country's finance minister resigned.


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Posted 2019/07/09 20:27:59

Trump defends cabinet member Acosta embroiled in Epstein sex-abuse case

U.S. President Donald Trump on Tuesday defended his Labor Secretary Alexander Acosta, who is under pressure from Democrats to resign over his handling of a decade-old sex abuse case against financier Jeffrey Epstein, but said he, too, would look into it.


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Posted 2019/07/09 19:49:15

U.S. exempts some medical, electronic devices from China tariffs

The Trump administration will exempt 110 Chinese products, from medical equipment to key capacitors, from hefty tariffs, it said on Tuesday, offering relief to some U.S. firms which have said the taxes harm their bottom lines.


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Posted 2019/07/09 19:31:14

U.S., Chinese negotiators resume talks to resolve trade dispute: official

U.S. and Chinese negotiators spoke by phone on Tuesday, continuing discussions to end a trade battle between the world's two largest economies that has upended global supply chains and roiled financial markets.


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Posted 2019/07/09 19:22:28

Europeans call for urgent meeting of Iran nuclear deal parties

European powers accused Iran on Tuesday of "pursuing activities inconsistent with its commitments" under a 2015 nuclear deal and called for an urgent meeting of the parties to the agreement to discuss Tehran's compliance.


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Posted 2019/07/09 18:54:35

Democrat overseeing U.S. Census funding would block form reprint for citizenship question

A U.S. House Democrat who oversees funding for the U.S. Census Bureau said on Tuesday he would not support money being spent to reprint forms if the Trump administration won court approval to include a contentious question on citizenship.


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Posted 2019/07/09 18:28:39

Boeing set to lose biggest planemaker title as deliveries fall 37%

Boeing Co is set to lose the title of being the world's biggest planemaker after reporting a 37% drop in deliveries for the first half of the year due to the prolonged grounding of its best-selling MAX jets.


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Posted 2019/07/09 18:04:22

Trump backs Labor chief Acosta, says will look into matter amid Epstein case

U.S. President Donald Trump backed Labor Secretary Alexander Acosta on Tuesday but said he would look into how Acosta handled financier Jeffrey Epstein's case during his tenure as a U.S. prosecutor in Florida.


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Posted 2019/07/09 17:25:04

Declining U.S. job openings point to cooling labor market

U.S. job openings fell in May, pulled down by declines in the construction and transportation industries, potentially flagging a slowdown in employment growth in the months ahead.


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Posted 2019/07/09 16:48:39

Boeing deliveries fall 37%, set to lose biggest planemaker title

Boeing Co said on Tuesday its deliveries fell about 37% to 239 planes in the first half of 2019, hurt by the groundings of its best-selling 737 MAX jets, putting it on track to lose the world's biggest planemaker title after eight years.


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Posted 2019/07/09 15:19:23

U.S. billionaire Ross Perot, who shook up 1990s presidential politics, dead at 89

H. Ross Perot, the feisty Texas technology billionaire who rattled U.S. politics with two independent presidential campaigns in the 1990s that struck a chord with disgruntled voters, died on Tuesday at the age of 89, his family said.


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Posted 2019/07/09 15:09:58

U.S. billionaire Steyer, fierce Trump foe, enters Democratic White House race

Billionaire Tom Steyer, who has pushed Democrats to impeach President Donald Trump and previously flirted with running for the White House, said on Tuesday he will now seek the Democratic nomination.


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Posted 2019/07/09 15:04:47

U.S. judge strikes down Trump administration rule requiring drug prices in TV ads

A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in television advertising.


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Posted 2019/07/09 15:03:45

U.S., China to relaunch talks with little changed since deal fell apart

The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.


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Posted 2019/07/09 14:35:07

U.S. expects China to buy farm products during trade talks: Kudlow

White House economic adviser Larry Kudlow on Tuesday said China was expected to move forward with agricultural purchases from the United States even as trade talks resumed between the two countries, with top officials slated to talk by phone this week.


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Posted 2019/07/09 14:35:07