After ending the previous session moderately higher, stocks moved back to the downside during trading on Tuesday. Selling pressure remained relatively subdued, however, limiting the downside for the markets.
The International Energy Agency has significantly increased its five-year growth forecast for renewables energy driven largely by strong support from governments in key countries and sharp drop in costs.
The agency now expects global renewable electricity capacity to increase by 42 percent by 2021,...
After coming under pressure early in the session, stocks continue to see modest weakness in mid-day trading on Tuesday. The drop on the day has partly offset the strength seen in the previous session.
The UK government has approved the expansion of the Heathrow Airport increase the capacity of one of the main airports in the country.
The decision to add a third runway was made at a a cabinet committee meeting held on Tuesday.
Transport Secretary Chris Grayling said, "The step that government...
Buick, Lexus and Toyota are among the top brands with highest reliability rating in the latest annual brand reliability survey.
Stocks are seeing modest weakness in early trading on Tuesday, partly offsetting the gains posted in the previous session. In recent trading, the major averages have seen some further downside, hitting new lows for the session.
Consumer confidence in the U.S. decreased by more than anticipated in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index fell to 98.6 in October after climbing to 103.5 in September.
Fans of Girl Scouts Cookies can rejoice. General Mills Inc. has confirmed its plans to launch two cereals inspired by Girl Scout cookies next year. The cereals will come in two flavors and in boxes carrying the Girl Scouts logo.
A New York woman has filed a $20 million lawsuit against Kentucky Fried Chicken, accusing the fast-food giant of 'false and deceptive trade practice' and also of misleading customers as she did not get enough chicken in her $20 "Fill-Up."
After ending the previous session higher, stocks may see some further upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 13 points.
German business confidence improved to a 30-month high in October reflecting the upturn gathering impetus in the economy, survey data from the Ifo Institute showed Tuesday. The Ifo business confidence index climbed to 110.5 in October from 109.5 in the previous month, while economists had forecast the index to rise slightly to 109.6.
Automaker General Motors reported a profit for the third quarter that doubled from last year, helped by strong truck sales in North America and continued strength in China. In addition, the prior-year quarter's results were negatively impacted by charges related to the company's ignition switch recall. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates.
Consumer goods giant Procter & Gamble Co. on Tuesday reported a 4 percent increase in profit for the first quarter from last year on a slight decline in sales. However, both revenue and core earnings per share for the quarter beat analysts' estimates. In addition, the company affirmed its financial outlook for fiscal 2017.
Merck & Co. Inc. (MRK) reported a profit for the third-quarter that increased about 20 percent, while quarterly worldwide sales grew 5 percent. The company raised its full-year 2016 outlook.
Drug maker Eli Lilly and Co. reported Tuesday lower profit in its third quarter, despite higher revenues. Adjusted earnings per share and top line missed analysts' estimates. Further, for fiscal 2016, the company trimmed its forecast for reported earnings, while maintained adjusted earnings view, and raised revenue forecast.