While selling pressure has remained somewhat subdued, stocks are seeing moderate weakness in mid-day trading on Tuesday. The losses on the day have partly offset the strength that was seen in the previous session.
It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world.
However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"...
QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
Most recent polls show Donald Trump trailing Hillary Clinton in the race for the White House, but the results of a new NBC News/SurveyMonkey Weekly Election Tracking Poll suggest the Republican presidential nominee has narrowed the gap against his Democratic rival.
Sears Holdings Corp. said Tuesday it is bringing paint back to its stores after a four-year hiatus, citing rising home improvement projects due to a strong housing market.The retailer will be reintroducing paint in 23 stores across the country before rolling the offering out to all of its retail locations.
Stocks have moved mostly lower over the course of morning trading on Tuesday, partly offsetting the strength seen in the previous session. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued.
Nintendo has launched a new handheld gaming system Galaxy 3DS XL. The new game will combine portable gaming along with 3D technology. Priced at $199.99, it will be available on stores from this week.
After reporting a marginal decline in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that consumer confidence rebounded strongly in the month of August.
Mitsubishi Motors Corp. has suspended sales of eight car models in Japan after the country's Transport Ministry said the automaker overstated the fuel-economy figures for those models. Japan's Transport Ministry has ordered Mitsubishi to stop domestic sales of the eight vehicle models and submit correct fuel-economy readings for these vehicles
Home price growth in major U.S. metropolitan areas unexpectedly slowed in the month of June, according to a report released by Standard & Poor's on Tuesday. The report said the S&P/Case-Shiller 20-city composite home price index was up 5.1 percent year-over-year in June.
The European Union's executive arm has ordered the Irish government to recover up to 13 billion euros, or $14.5 billion, in taxes from Apple Inc. The European Commission said it has concluded that Ireland granted the U.S. tech giant undue tax benefits of up to 13 billion euros, which is illegal under EU state aid rules. Shares of Apple are down 1 percent in pre-market activity.
Following the upward move seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 3 points.
Eurozone economic confidence deteriorated to a five-month low in August reflecting widespread weakness across sectors, adding to concerns that risks to growth intensified after the Brexit vote. The economic confidence index fell more-than-expected to 103.5 from 104.5 in July, survey data from the European Commission showed Tuesday.
Abercrombie & Fitch Co. (ANF) reported Tuesday a wider year-over-year net loss for the second-quarter, hurt by a impairment charge. Net sales for the quarter were down 4%, with comparable sales declined 4%. Quarterly loss was wider than their expectations, but revenues beat their' estimates.
Early indications suggest that Wall Street stocks may open Tuesday's session on a slightly negative note. The lukewarm mood is despite European stocks rallying strongly. Meanwhile, Asia had a mixed outing amid the yen's strength.