Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
European markets lost any small gains Tuesday to close lower in what had been a choppy day of trading, as investors digested a new batch of earnings while keeping an eye on the oil price.
The pan-European Euro Stoxx 600 Index closed 0.53 percent lower, with few sectors posting any gains.
The FTSE 100 also hit record intraday highs during trade, as the pound fell sharply against the dollar. However, it too fell 0.4 percent on the day. The U.K. pound was last standing around $1.2212. The French CAC ended 0.57 percent down, while Germany's DAX fell 0.44 percent.
In the U.S., stocks traded lower on Tuesday as corporate earnings season began. The Dow Jones industrial average was down about 170 points. The S&P 500 slipped 1 percent.
After jumping as much as 3 percent on Monday, oil prices remained a key focus for investors on Tuesday, as prices saw renewed pressure in trade.
On Monday, major oil producers Saudi Arabia and Russia said a deal between OPEC and non-OPEC producers was possible, when it came to curbing the current output seen in crude. However, investors showed doubt on Tuesday as to whether this potential deal would be enough, with Goldman Sachs publishing its own note, in which it said it was skeptical about the deal, however.
By the time markets closed in Europe, Brent crude hovered around $52.46 per barrel, while U.S. WTI last stood around $50.75. Basic resources was also under-performing as a sector, closing over 2 percent down, as metal prices posted solid losses during Tuesday's trade.
Political news could also have some influence on markets on Tuesday, after a poll showed that Democratic presidential nominee Hillary Clinton has doubled her lead over her Republican rival Donald Trump.
According to the latest NBC News/Wall Street Journal poll, Trump now holds support from 38 percent of likely voters. Support for Hillary Clinton, meanwhile, has risen to 52 percent. Trump's decline in the polls comes after the release of a video from 2005 in which he made crude comments about women.
In individual stock news, polymer manufacturer Victrex was the STOXX 600's top performer, up over 8 percent after its fourth-quarter revenues beat expectations.
French luxury goods house LVMH reported a rise in third-quarter sales after the bell on Monday, with shares rallying 4.5 percent. Consequently, the news boosted other names in the luxury sector, including Christian Dior, Swatch and Richemont.
Airbus said it plans to slow the assembly rate of its A380 jet to 1 aircraft per month from 2018, sending shares of the firm down more than 2 percent. Sentiment towards the stock was not helped by a target price cut from Deutsche Bank.
Down at the bottom of the STOXX 600 was Old Mutual, ending 5.5 percent down, after the group's UK asset management business announced a sharp fall in third-quarter client inflows and higher investment platform costs, Reuters reported.
Meanwhile in Asia, shares finished mixed Tuesday, with Samsung Electronics in focus after the stock closed 8 percent lower. The company said it was permanently stopping sales and production of the Galaxy Note 7.