Tuesday, 23 July 2019

Texas Instruments beat profit estimates, shares up 6%

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Texas Instruments beat profit estimates, shares up 6%

Texas Instruments Inc beat Wall Street estimates for quarterly profit and revenue on Tuesday, signaling a relief against the backdrop of a global slowdown in demand for microchips and sending its shares up 6% in extended trading.

Stocks rise on trade hopes, sterling slips on Brexit jitters

U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain's Conservative Party, clearing the way for him to become prime minister.

Earnings and trade optimism push Wall St. toward record high

The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.

UPS launches drone business, seeks to certify multiple pilots

United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.

Snap's Android fix, gender-changing lens boost users, shares up 11%

Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of a new augmented reality photo lenses.

Chipotle's online focus delivers same-store sales beat

Chipotle Mexican Grill Inc's focus on online ordering and aggressive spending on advertising paid off as it brought in more customers and helped it beat same-store sales estimates.

Trump administration split on renewing Chevron's Venezuela license

The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.

Visa earnings beat on higher customer spending

Visa Inc beat analysts' estimates for quarterly earnings on Tuesday, as a robust economy encouraged customers to spend more and boosted fees for the world's largest payment processor.

Alibaba welcomes U.S. small businesses to sell globally on its platform

Chinese e-commerce giant Alibaba Group Holdings Ltd will allow small U.S. businesses to sell on Alibaba.com, the company said on Tuesday, as it seeks to tap into the business-to-business e-commerce market and fend off rivals like Amazon.com Inc .

Warren Buffett's charity lunch postponed after cryptocurrency promoter falls ill

The cryptocurrency entrepreneur Justin Sun postponed his $4.57 million charity lunch with Warren Buffett after falling ill with kidney stones, according to a statement from a foundation he backs.

Starbucks to expand delivery with UberEats across U.S. in early 2020

Starbucks Corp said on Tuesday it would expand its partnership with UberEats to deliver food and coffee throughout the United States in early 2020.

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