 | | | | U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. | | | | | | International Business Machines Corp missed Wall Street estimates for third-quarter revenue as software sales slow down and a boost from the launch of new server products begins to dry up, driving its shares down 4 percent on Tuesday. | | | | | | United Airlines posted a forecast-beating rise in third-quarter profit on Tuesday and raised its 2018 forecast for the third time this year, lifted by its strategy to add flights at three mid-continent U.S. hubs: Chicago, Denver and Houston. | | | | | | Softbank Group Chief Operating Officer Marcelo Claure said it is "business at usual" at the companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital. | | | | | | Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of original programming, including new seasons of popular shows "Orange is the New Black" and "BoJack Horseman." | | | | | | Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions. | | | | | | CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight. | | | | | | Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator. | | | | | | Alphabet Inc's Google on Tuesday revamped how it distributes its mobile apps in the European Union, introducing a licensing fee for device makers to access its app marketplace in a response to regulators' findings that it had broken antitrust law. | | | | | | Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. | | | | | | U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public. | | | | | |
