Oil prices fell sharply on Tuesday on oversupply concerns, while a gauge of stocks across the globe rose for a seventh straight session after large overnight gains in Asia.
Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.
OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis.
The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending and the U.S.-China trade dispute dragged on.
Ghana became the latest African nation to support the development of an international airline to boost its economy and develop tourism as its government signed a provisional order for three Boeing long-haul 787 Dreamliner jets on Tuesday.
Boeing Co won fresh support for its grounded 737 MAX at the Dubai Airshow on Tuesday as airlines laid out plans to buy up to 50 of the jets worth $6 billion at list prices, a day after securing the first firm order since a safety ban in March.
The chairman of the U.S. National Transportation Safety Board (NTSB) on Tuesday criticized Uber Technologies Inc for its "ineffective safety culture" at the time of a March 2018 fatal self-driving car crash in Arizona.
The U.S. National Transportation Safety Board on Tuesday called on Boeing Co to redesign the fan cowl structure on 737 NG planes after a passenger was killed on a Southwest Airlines plane in April 2018 after an engine failure.
Amazon.com Inc uses "aggregated data" from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers.
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
The U.S. discount retailer is struggling despite extending a partnership with Amazon to all its almost 1,200 stores. Meanwhile, larger rival TJX is prospering. Amanda Gomez explains why – and how an inventory backlog means that's unlikely to change for some time.
Department store operator Kohl's cut its outlook for the full year, while discount retailer TJX hiked its forecast. As Fred Katayama reports, Kohl's shares plunged; TJX rallied.
Sponsored by IBM: Another security tool? Chaos.
More security tools = more chaos. You don't need new tools. You need new rules. IBM Security helps everything work together. And work better.
