While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
Check out the companies making headlines midday Tuesday:
Coca-Cola — The soda-maker's stock rose 1.7% after the company reported better-than-expected quarterly results. Coca-Cola said its earnings were boosted by sales of water, sports drinks and zero-sugar beverages.
United Technologies — The Dow component closed more than 2% higher on the back of strong first-quarter earnings. The company reported earnings per share of $1.91, 20 cents above a Refinitiv estimate. United Tech also raised its 2019 earnings guidance.
Twitter — Shares of Twitter surged 15.6% after the social media company reported better-than-expected earnings. Twitter reported earnings of 37 cents per share, more than double what analysts polled by Refinitiv expected. The company also said that 134 million of its users are monetizable.
Lockheed Martin — Lockheed Martin shares jumped 5.7% after the aerospace and defense company delivered first-quarter earnings that were far above Wall Street expectations. Lockheed saw first-quarter earnings of $5.99 a share, more than the $4.34 a share expected by Refinitiv. The defense contractor raised its full-year earnings outlook.
Procter & Gamble — The consumer giant's stock fell more than 2% despite the release of better-than-expected first-quarter earnings. Procter & Gamble said its quarterly results were driven by beauty-product sales.
Walt Disney — Shares of the media giant rose more than 1% after an analyst at Bank of America Merrill Lynch hiked its price target on them to $168 from $144, implying a 27.6% upside from Monday's close of $131.68. The analyst cited potential upside from the company's Disney+ service, noting it can "become a material value driver for shareholders."
Whirlpool — Whirlpool shares rose 0.4% after the appliance maker reported earnings per share of $3.11. Analysts polled by Refinitv expected a profit of $2.86 per share. CFO Jim Peters also said: "We are on track to meet our strong earnings and cash flow guidance for the year."
Harley-Davidson — Harley-Davidson shares fell as much as 4% before rebounding after President Donald Trump pledged to retaliate against "unfair" European Union tariffs that the motorcycle manufacturer partially blamed for its almost 27% drop in first-quarter profit. The company said its first-quarter net income was $127.9 million on consolidated revenue of $1.38 billion, as opposed to $174.8 million on consolidated revenue of $1.54 billion last year. The stock closed 2.7% lower.
Hasbro — Shares of Hasbro jumped 14.2% after the toy maker reported better-than-expected results. The company said the box-office success of Transformers movie spin-off "Bumblebee " charged sales of its action toys.