Home goods retailer Bed Bath & Beyond Inc. said Tuesday after the markets closed that its second quarter profit fell 10% from last year, as higher costs and expenses more than offset a 4.3% increase in sales. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly sales. At the same time,
Stocks moved mostly lower over the course of the trading day on Tuesday after experiencing choppy trading early in the session. The drop on the day extended the notable downward move that was seen in the previous session.
U.S. crude oil snapped a four-day loss to end higher Tuesday, on geopolitical concerns and a fairly encouraging report on the Chinese manufacturing sector, even as the dollar trended lower against some major currencies.
Oil prices got a further boost as the conflict in the Middle East took a new turn...
Before heading to New York for meetings with other world leaders at the United Nations, President Barack Obama delivered a statement on Tuesday regarding U.S. airstrikes in Syria. Obama highlighted the fact that the U.S. was joined in the attack by Saudi Arabia, the United Arab Emirates, Jordan, Bahrain, and Qatar.
Gold futures ended higher for a second straight session on Tuesday, as investors sought the safe haven appeal of the metal even as the riskier equity assets declined globally. The precious metal also found some support with the dollar lackluster against some major currencies.
After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading day on Tuesday. The choppy trading comes on the heels of the notable pullback seen in the previous session.
With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions.
While stocks moved lower at the start of trading on Tuesday, selling pressure waned not long after the open. The major averages have subsequently climbed well off their lows for the young session and are lingering near the unchanged line.
Cruise operator Carnival Corp. & plc reported Tuesday a profit for the third quarter that increased from last year, which was weighed down by losses on ship sales and ship impairments. The results also reflected lower operating costs and revenue growth. Both adjusted earnings per share and quarterly revenues topped analysts' expectation. The company also raised earnings forecast for fiscal 2014.
Stocks are likely to come under pressure in early trading on Tuesday, extending the downward move seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 47 points.
Eurozone business activity in September expanded at the slowest pace seen so far this year, adding pressure on the European Central Bank to provide more measures to stimulate the region. The composite output index of the purchasing managers' survey fell to a nine-month low of 52.3 in September from 52.5 in August, preliminary data from Markit Economics showed Tuesday.
Used vehicles retailer CarMax, Inc. (KMX) Tuesday said profit for the second quarter increased from the prior year, amid higher revenues. However, comparable store used unit sales advanced only marginally and the results failed to please investors, sending the stock down by over 7 percent in pre-market trading.
Early indications suggest that Wall Street stocks may open Tuesday's session lower amid the release of mixed global economic data. Earlier in the global trading day, Asian stocks ended mixed after a report showed that Chinese manufacturing activity picked up slightly in September. At the same time, the...
Defense forces of the United States and Arab partner nations have begun airstrikes inside Syria targeting terrorists from the Islamic State of Iraq and the Levant, the Pentagon announced on Tuesday. The nations fighting alongside the US include the United Arab Emirates, Bahrain, Jordan, Qatar and Saudi Arabia, which has a Sunni majority.
Overnight, a mix of fighters, bombers, remotely piloted ai
Dutch consumer electronics firm Koninklijke Philips Electronics NV (PHGFF.PK, PHG) Tuesday said it plans to create two market-leading companies focused on the HealthTech and Lighting solutions opportunities, with both firms continuing to benefit from leveraging the Philips brand. The stock added more than 3 percent in early morning trade.