Global shares inch higher as stimulus hopes spur rebound
European shares followed their Asian counterparts higher on Tuesday as investors bet possible monetary and fiscal stimulus measures would help stave off a major global economic downturn.
European shares followed their Asian counterparts higher on Tuesday as investors bet possible monetary and fiscal stimulus measures would help stave off a major global economic downturn.
Elanco Animal Health said on Tuesday it would buy Bayer's veterinary drugs unit in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco's reach in the pet e-commerce space.
Florida and the Great Smoky Mountains place well in Vacasa's survey of the best places in the U.S. to purchase a vacation home.
A swift steepening of the U.S. 2-year/10-year yield curve after it inverted last week may have given investors hope that the United States can escape recession. They should probably take a breath.
Searches on Google for "inverted yield curve" have spiked after the unusual bond market phenomenon presented itself last week for the first time in over 12 years and helped tank Wall Street amid chatter that an economic downturn was imminent.
Elanco Animal Health agreed to buy Bayer's veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco's reach online.
Department store operator Kohl's Corp reported better-than-expected quarterly profit and revenue on Tuesday and said it expects to benefit from newer partnerships and the expansion of its Amazon returns program in the second half of the year.
U.S. stock index futures treaded water on Tuesday as investors paused after a three-day run that was driven by hopes that major economies would act to counter a global economic downturn.
"We think the stock is appealing once again," J.P. Morgan says of Beyond Meat.
A U.S. banking regulator announced Tuesday he had approved a final rule simplifying the "Volcker Rule," which restricts risky profit-seeking trades by banks.
Here are the biggest calls on Wall Street on Tuesday.
Department store operator Kohl's Corp reported better-than-expected quarterly profit on Tuesday and said it expected to benefit from new partnerships and the expansion of its Amazon returns program in the second half of the year.
China's Xiaomi Corp reported 15% growth in quarterly revenue on Tuesday, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market share.
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan.
Qualcomm Inc said on Tuesday that it has entered into a new five-year patent license agreement with LG Electronics Inc to develop, manufacture and sell 3G, 4G and 5G smartphones.