 | | | | U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China. | | | | | | General Motors Co is expected to announce on Wednesday it is investing about $150 million at its Flint Assembly in Michigan to boost production of heavy duty trucks, sources briefed on the matter said. | | | | | | Billionaire investor William Ackman's hedge fund Pershing Square Capital Management LP is opposing United Technologies Corp's planned $120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday. | | | | | | Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services. | | | | | | Wall Street's indexes ended Tuesday's session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday's U.S.-Mexico deal faded. | | | | | | Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles. | | | | | | Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock's lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in. | | | | | | Ten states led by New York and California filed a lawsuit on Tuesday to stop T-Mobile US Inc's $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition. | | | | | | U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. | | | | | | President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points" that Trump did not specify. | | | | | | White House economic adviser Larry Kudlow said the U.S. economy will likely still achieve a 3% pace of growth this year even without a trade deal with China. | | | | | |
