Big banks say U.S. consumers sturdy as businesses quiver with growth fears

Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.

U.S. board to determine probable cause of Southwest engine failure that killed one

The U.S. National Transportation Safety Board (NTSB) said on Tuesday it will meet to determine the probable cause of the April 2018 uncontained engine failure of Southwest Airlines flight 1380 that killed a passenger who was partially sucked out the window.

Stocks jump on report Brexit deal may be close, oil slips

Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.

Oil falls on weaker economic growth forecasts and swelling U.S. crude stocks

Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices.

Fidelity to review ties with money manager after 'inappropriate' comments

Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher's firm manages for the mutual fund giant.

Consumer banking powers Citigroup's profit beat

Citigroup Inc reported higher-than-expected earnings on Tuesday off the back of its global consumer business, showing consumer spending and sentiment remain high.

Google unveils Pixel 4 phones with radar, more affordable laptop

Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price.

Wall Street advances as earnings season hits the road running

Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to the equities market.

GM, union close to deal to end month-long UAW strike: sources

General Motors Co and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and President Mark Reuss took part in contract talks, according to two people briefed on the matter.

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Bloomberg

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday.

Related Videos

Big banks say U.S. consumers sturdy

Hyundai Motor unveils $35 bln investment plan

option1.jpg
Sponsored by Aberdeen Standard Investments: Finding Income

Explore closed-end funds as a source of income for your portfolio. Get our report today.

Free Download