Enterprise software maker Adobe (ADBE) provided updated guidance on Tuesday, predicting strong growth over the next three years by giving 2016 projections that are below what market analysts are currently expecting.
Following the rally seen in the previous session, stocks moved mostly lower during trading on Tuesday. The Nasdaq and the S&P 500 ended the day in negative territory, although the Dow managed to close modestly higher.
Microsoft Corp. (MSFT) Tuesday unveiled two new smartphones that run on its Windows 10 operating platform, as the software giant strives to revive its beleaguered smartphone business.
The Lumia 950 and 950 XL are the first smartphones phones to run on Windows 10.
Microsoft hopes that millions...
Stocks have moved mostly lower during trading on Tuesday, giving back ground following the rally seen in the previous session. The Nasdaq and the S&P 500 have slid firmly into the red, while the Dow is nearly flat.
Global growth remains 'moderate and uneven' amid the modest pick-up in advanced economies and the slowdown in emerging markets, and the more pronounced downside risks call for policy action to boost economic expansion, the International Monetary Fund said, as it cut its world growth forecasts for this year and next.
McDonald's breakfast lovers can now rejoice as the fast-food giant said it will begin serving all-day breakfast across the U.S. on October 6. The move follows months of testing the idea at various locations. McDonald's aims to reinvigorate sluggish sales by fulfilling a longstanding customer request that they wanted an Egg McMuffin breakfast, no matter what time of the day.
With exports falling and imports rising, the Commerce Department released a report on Tuesday showing that the U.S. trade deficit widened significantly in the month of August.
Neutrino scientists Takaaki Kajita of Japan and Arthur McDonald of Canada share this year's Nobel prize for Physics. The award is for the discovery of neutrino oscillations that proves that they have mass.
Following the rally seen in the previous session, stocks are likely to give back some ground in early trading on Tuesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 8 points.
Beverages giant PepsiCo, Inc. (PEP) Tuesday said its third-quarter profit declined sharply from the prior year, owing to impairment charges related to its Venezuela operations. Both adjusted earnings and revenues topped Wall Street estimates. Further, the company lifted its core constant currency earnings per share growth target for the year.
U.K. house prices dropped at the fastest pace in more than a year in September, survey data from the Lloyds Banking Group's Halifax division revealed Tuesday. House prices slid 0.9 percent month-on-month in September, confounding expectations for a gain of 0.1 percent. This was the biggest fall since April 2014, when prices slid 1.3 percent.
Early indications suggest that Wall Street stocks may open Tuesday's session slightly lower after S&P raked up gains in the past five sessions. Asian stocks closed higher earlier in the global trading day amid hopes of monetary policy environment remaining stimulatory. The European markets have recovered...
German industrial orders unexpectedly declined for a second straight month in August, as holidays damped domestic demand, while the sharp drop in non-EU bookings suggested that exports are likely to be weak in coming months and that companies in the biggest Eurozone economy are increasingly hurt by the weakness in the emerging markets, especially China.
John Wood Group Plc, an energy services company, Tuesday announced the appointment of Robin Watson as chief executive officer, effective January 1, 2016. Watson succeeds Bob Keiller, who is retiring on December 31.
Alcoholic beverage maker Constellation Brands Inc. (STZ) will dispense second-quarter results on October 7, with Thomson Reuters analysts estimating earnings of $1.32 per share and revenue of $1.73 billion.