Boeing shares rose Tuesday after a Wall Street Journal report said aviation officials believe a bird strike may have caused the crash of a 737 Max in Ethiopia in March.Aerospace & Defenseread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
For every 5% drop in Greater China sales, Apple's earnings per share should fall about 15 cents, Credit Suisse tells clients.Investingread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
As tariff worries hit Apple, the stock has fallen into a bear market. But Joule Financial's Quint Tatro believes the pullback represents a buying opportunity, while...Trading Nationread more
Technology stocks are a casualty of the trade war, but analysts say some companies might emerge stronger, depending on terms of the deal.Market Insiderread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
Susquehanna has a neutral rating on the stock and a price target of $42 per share.Investingread more
Verily, Alphabet's health and life sciences division, is moving into the clinical trials market. It just announced strategic alliances with Novartis, Sanofi, Otsuka and...Technologyread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Once the hallmark of a struggling economy, layaway options are now aimed at encouraging young shoppers to buy more stuff.Personal Financeread more
"The company will continue to meet current customer commitments for its existing 4G smartphone modem product line, but does not expect to launch 5G modem products in the smartphone space, including those originally planned for launches in 2020," Intel said in a statement late Tuesday.
Intel shares rose about 4 percent to $58.97 in extended trading after the announcement. The company said it will provide additional details about its plans in its earnings report on April 25.
In January, Intel named Robert Swan as permanent CEO, ending a months-long search following the ouster of Brian Krzanich. It's up to Swan to find markets that work for Intel as sales of PCs continue to slide. The company said that in addition to exiting 5G smartphones, it's assessing its future in so-called internet of things devices, or the growing number of gadgets that are connected to the web.
In the smartphone market, "it has become apparent that there is no clear path to profitability and positive returns," Swan said in the statement. The company has warned in the past that margins are lower in the device market than in data centers. Intel said it will keep investing in its 5G network infrastructure business.
Earlier in the day, Qualcomm shares surged 23 percent following the disclosure that Apple will pay the chipmaker as part of a settlement. According to Qualcomm, a new license between the two companies is six years, with a two-year option to extend.
Qualcomm is the dominant independent supplier of 5G modems, while Samsung and Huawei make processors for their own devices.
--CNBC's Jordan Novet contributed to this report.