Stocks moved mostly higher during trading on Tuesday, adding to the strong gains posted in the previous session. With the continued upward move, the tech-heavy Nasdaq climbed to a new record closing high.
Beverage giant Coca-Cola Co. (KO) Tuesday announced that it will be cutting 1,200 corporate jobs later this year as part of its cost-cutting strategy.
According to reports, Coca-Cola now employs about 100,300 workers worldwide, which means that the job cuts would represent about 1 percent of its total...
U.S. pipeline company Kinder Morgan Inc., Monday announced that its Canadian subsidiary has filed statements for an initial public offering, as the company seeks funds to finance its $7.4 billion Trans Mountain expansion project.
The company has filed a preliminary prospectus with the US Securities...
After moving notably higher early in the session, stocks continue to see considerable strength in mid-day trading on Tuesday. With the upward move on the day, the tech-heavy Nasdaq has reached a new record intraday high.
Ontario in Canada is planning to launch universal basic income program to nearly 4000 households. The three year pilot project will be first launched in Hamilton, Thunder Bay and Lindsay. This is the first effort in North America to provide unconditional income to citizens to encourage work, community engagement and to reduce poverty.
Stocks have moved notably higher in morning trading on Tuesday, adding to the strong gains posted in the previous session. With the upward move on the day, the tech-heavy Nasdaq has climbed to a new record intraday high.
After reporting notable increases in U.S. consumer confidence over the two previous months, the Conference Board released a report on Tuesday showing that consumer confidence pulled back by more than expected in the month of April.
Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal.
New home sales in the U.S. saw a substantial increase in the month of March, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales jumped by 5.8 percent to an annual rate of 621,000 in March from a revised 587,000 in February.
Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods.
Former Georgia Governor Sonny Perdue was easily confirmed by the Senate as the next Secretary of Agriculture on Monday.
The Senate voted 87 to 11 in favor of Perdue's nomination, with 35 Democrats joining with the Republicans in the chamber.
Georgia Senator David Perdue, R-Ga., voted "present,"...
Following the rally seen in the previous session, stocks may see some further upside in early trading on Tuesday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 155 points.
The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
The British government limited its budget deficit for the financial year 2016-17 almost within its targets and the figure hit the lowest level seen since the financial crisis. In the financial year ending March 2017, public sector net borrowing decreased by GBP 20 billion to GBP 52.0 billion, data published by the Office for National Statistics showed Tuesday.
Wall Street is expected to continue its rally on Tuesday as initial trends from U.S. future index suggest. The FHFA house price index and S&P house price index for February are of focus for the day. All the Asian shares closed higher, while European shares are trading broadly higher.
As of 6.45...