UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
Check out which companies are making headlines before the bell:
Home Depot — The home improvement retailer had an all-around in-line quarter, matching estimates with earnings of $1.97 per share. The company essentially equaled forecasts for revenue and comparable-store sales, as well. Home Depot also raised its earnings forecast for the year to $6.31 per share from $6.27, just below the current consensus estimate of $6.32 a share.
Dick's Sporting Goods — The sporting goods retailer beat estimates by 13 cents a share, with quarterly profit of 82 cents per share. Revenue beat estimates, as well. The company also sees a full-year profit of $2.90 to $3.05 per share, above the current consensus of $2.84 a share. Dick's said it was especially pleased with the quarter's performance in light of liquidation activity by bankrupt rival Sports Authority.
Advance Auto Parts — The auto parts retailer reported adjusted quarterly profit of $1.90 per share, missing estimates of $2.12 a share. Revenue topped Street forecasts, however, and comparable-store sales fell 4.1 percent. Chief Executive Officer Tom Greco termed the quarter's performance "not acceptable," although he added that the necessary changes to improve performance were being implemented.
Coty — The beauty products maker earned an adjusted 13 cents per share for its fiscal fourth quarter, 7 cents a share above estimates. Revenue was slightly above forecasts. Coty said it is being helped by recently completed acquisitions and is focusing on the upcoming integration of the P&G Beauty Brands business.
Hain Celestial — The organic food maker announced a delay in its annual earnings report because of accounting issue. Hain also said it did not expect to reach prior targets for sales or profit for the fiscal year that ended June 30.
Praxair — Praxair is in talks to buy rival industrial gas supplier Linde, according to Reuters. The talks to buy Praxair's German peer are in the early stages, but would create a company worth more than $60 billion if the deal takes place.
BHP Billiton — BHP reported a record $6.4 billion loss for its just-concluded fiscal year, hurt by slumping commodity prices, the dam disaster in Brazil, and other factors. However, the mining company gave an upbeat growth and cash flow forecast for fiscal 2017.
Aetna — Aetna will withdraw from 11 of the 15 states where it offers Affordable Care Act coverage. Aetna said the move was designed to limit the health insurer's financial exposure moving forward.
AIG — AIG has struck a deal to sell mortgage guaranty unit United Guaranty to Arch Capital Group for about $3.4 billion in cash and stock. Dow Jones had reported Monday that such a deal was imminent.
Volkswagen — VW and the Justice Department have held settlement talks to resolve the criminal probe surrounding the automaker's diesel admissions scandal, according to Reuters.
Apple — Apple is the subject of another bullish bet by Berkshire Hathaway, according to Berkshire's quarterly 13-F filing. Berkshire increased its Apple holdings by 55 percent, and also cut its stake in retail giant Wal-Mart.
General Motors — GM will not have to face a lawsuit by a Texas woman who claimed a 2012 crash was caused by the faulty ignition switch problem that later resulted in a 2.6 million vehicle recall. A judge threw out the suit without elaborating on the decision.
Alphabet — Alphabet's Google unit unveiled a new mobile video calling application called Duo. The app is available on iOS and Android devices beginning today, and does not require the participants to have similar hardware.
Questions? Comments? Email us at firstname.lastname@example.org