Consumer confidence in the U.S. improved modestly in May after declining sharply in April, the Conference Board revealed in a report released on Tuesday. The Conference Board said its consumer confidence index rose to 95.4 in May from a downwardly revised 94.3 in April.
Stocks have moved notably lower over the course of early trading on Tuesday, adding to the losses posted in the previous session. The major averages have slid firmly into the red, with the Dow pulling back further off the record closing high set a week ago.
Following the pullback seen in the previous month, the Commerce Department released a report on Tuesday showing that U.S. new home sales rebounded by more than expected in the month of April.
Twitter Inc. has been in talks to buy article-sharing app Flipboard for more than $1 billion, according to technology website Re/code. However, quoting sources, the site said the talks "seem to be currently stalled."Kara Swisher at Re/code reported that Twitter's chief financial officer Anthony Noto was pushing the merger talks since the beginning of the year.
A study from search engine giant Google Inc. (GOOG) has revealed that security questions for passwords are neither secure nor reliable enough to be used as a standalone account recovery mechanism.
Home prices in major U.S. metropolitan areas continued to show notable annual growth in the month of March, according to a report released by Standard & Poor's on Tuesday.
Largely reflecting a pullback in orders for transportation equipment, the Commerce Department released a report on Tuesday showing a modest decrease in new orders for U.S. manufactured durable goods in the month of April.
Following the long holiday weekend, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 44 points.
Automotive parts retailer AutoZone Inc. (AZO) Tuesday said its third-quarter profit increased from the prior year, helped by higher sales. While earnings topped wall Street estimates, revenues met expectations.
Las Vegas police have launched a homicide investigation into the death of American blues singer, songwriter, and guitarist Riley B. King after allegations from his daughters that they suspect the legend was poisoned. Riley B. King, known by his stage name B.B. King, died on May 14 at the age of 89. On May 1, after two hospitalizations caused by complications from high blood pressure and diabetes
Trading in the U.S. index futures suggests that Wall Street stocks may open Tuesday's session on a negative note, as traders return to their desks after Monday's Memorial Day holiday. Asian stocks closed mostly higher earlier in the global trading day, while the European markets are trading lower amid the ongoing uncertainty over the continuation of Greece in the eurozone.
Irish low-cost airline Ryanair Holdings PLC reported Tuesday significant increase in fiscal 2015 earnings, as there has been a 11 percent traffic growth and the company was able to contain unit cost. Looking ahead, the company expects that lower unit costs in fiscal 2016 would provide a 10 percent improvement in profits.
The European markets are set to open on a mixed note on Tuesday, with nagging Greek worries and heightened political uncertainty in Spain following local elections likely to keep investor sentiment subdued.
Greece's government on Monday ruled out imposing controls over capital flows after an opposition...
Amgen Inc. (AMGN) has called it quits on the deal with AstraZeneca plc (AZN) for co-development and commercialization of Brodalumab, due to events of suicidal ideation and behavior in its clinical program, which the company believes would likely necessitate restrictive labeling for the drug.
The European markets edged lower on Monday after a Greek official said the country may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless there is a deal with creditors. Greece is scheduled to repay EUR1.6 billion ($1.76 billion) to the IMF between June...