U.S. crude oil slipped to end lower on Tuesday, ahead of the official U.S. crude stockpile data from the Energy Information Administration. Investors also continued to keenly monitor the supply disruption scenario amid the ongoing conflicts in Ukraine and the Middle East
Crude prices were also negatively...
Two federal appeals courts have issued contradictory rulings over the federal government's ability to provide subsidies under Obamacare, suggesting that the future of President Barack Obama's healthcare law could once again end up in the hands of the U.S. Supreme Court.
Gold futures ended lower on Tuesday, tracking strong global equity markets as investor opted for riskier assets, amid escalating tensions in Gaza. Some upbeat economic data from the U.S. showed existing home sales rising even as inflation increased, with speculations the Fed rate hike may come anytime...
Tesla Motors has confirmed plans to a new low-cost sedan in the $35,000 range. The new Tesla Model 3 will come it at a price point comparable to a fully loaded Toyota Prius, which lists on the Toyota website for $34,700, according to CBS News.
After ending the previous session modestly lower, stocks have shown a strong move back to the upside during trading on Tuesday. With the upward move on the day, the S&P 500 has reached a new record intraday high.
A majority of Americans believe Israel is justified in taking military action against Gaza, according to the results of a new CNN/ORC International survey, although opinions about the amount of military force the Israelis have used are more divided.
After reporting a sharp increase in existing home sales in the previous month, the National Association of Realtors released a report on Tuesday showing that existing home sales once again rose by more than expected in the month of June.
With traders reacting positively to the latest earnings and economic news, stocks have moved mostly higher in early trading on Tuesday. The major averages have all climbed into positive territory, offsetting the modest weakness seen in the previous session.
Healthcare products maker Kimberly-Clark Corp. Tuesday reported a decline in second-quarter profit, reflecting higher costs, despite marginal increase in sales. Adjusted earnings missed analysts' expectations, while revenues came slightly above view. The company also lowered the upper end of its adjusted earnings per share outlook range for full year 2014.
With energy prices showing a significant increase amid rising gasoline prices, the Labor Department released a report on Tuesday showing that U.S. consumer prices rose in line with economist estimates in the month of June.
Altria Group Inc. on Tuesday reported a profit for the second quarter that was flat with last year on a slight decline in revenues amid lower cigarette shipment volume. Adjusted earnings per share missed analysts' expectations, while revenues matched their estimates. Altria also tightened its fiscal 2014 earnings outlook and said its board approved a $1 billion share repurchase program.
Defense contractor Lockheed Martin Corp. reported Tuesday a profit for the second quarter that grew 3 percent from last year, despite a sales drop, reflecting improved operating margins amid lower costs. Both earnings per share and quarterly revenues topped analysts' expectations. The company also raised its earnings guidance for full-year 2014, while maintaining annual revenue outlook.
Stocks are likely to move back to the upside in early trading on Tuesday after ending the previous session modestly lower. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 55 points.
Telecom giant Verizon Communications Inc. Tuesday reported a sharp increase in second-quarter profit, as revenues grew about 6 percent, helped by growth in wireless revenue. Adjusted earnings as well as revenues topped analysts' expectations.
Fast food giant McDonald's Corp. (MCD) Tuesday reported lower profit for the second quarter, amid a marginal growth in revenues. Earnings per share, which increased on lower share count, missed Wall Street estimates.