Latest News : July 16, 2019
JPMorgan beats profit estimates but shows signs of pressure
JPMorgan Chase & Co reported a quarterly profit that beat estimates on Tuesday as higher interest income and consumer lending offset lower activity at its trading desks.
House moves to condemn Trump for attacks on minority congresswomen
President Donald Trump pressured fellow Republicans on Tuesday to stand with him and vote against a symbolic measure condemning his racially charged attacks on four Democratic congresswomen.
Senate Republican McConnell says debate not be about personal attacks
U.S. Senate Republican leader Mitch McConnell said on Tuesday public debate should be on ideas, not personal attacks, in his first public remarks on a controversy touched off by President Donald Trump's racially charged attacks on four Democratic congresswomen.
Trump says 'a lot of progress' made with Iran to defuse crisis
U.S. President Donald Trump said on Tuesday "a lot of progress" had been made toward ending a volatile stand-off with Iran, with his top diplomat saying Tehran had signaled willingness to negotiate over its disputed ballistic missile program.
Global stocks fall, U.S. yields rise on retail sales data
A gauge of global equities fell on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility the Federal Reserve could move towards a less dovish stance.
U.S., Mexico set talks amid tension over new curbs on asylum-seekers
The chief diplomats of Mexico and the United States plan to meet on Sunday for talks about a new U.S. rule restricting asylum applications from Central American migrants that would burden Mexico's already-overwhelmed refugee agency.
Von der Leyen secures powerful EU executive top job
Germany's Ursula von der Leyen secured European parliamentary approval on Tuesday to become the first female European Commission president after she won over socialists and liberals with her vision of a greener, fairer and rule-based Europe.
Von der Leyen says she will work with any new British leader
The next head of the European Union's executive, Ursula von der Leyen, said on Tuesday she would work "in a constructive way" with any new British prime minister.
Lagarde resigns as IMF chief, cites more clarity on ECB post
International Monetary Fund chief Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next head of the European Central Bank.
Germany's Merkel hails her ally's move to Brussels
German Chancellor Angela Merkel congratulated her long-standing ally Ursula von der Leyen on Tuesday on being confirmed as European Commission president, hailing the current German defense minister as a committed European.
North Korea says nuclear talks at risk if U.S.-South Korea exercises go ahead
The United States looks set to break a promise not to hold military exercises with South Korea, putting talks aimed at getting North Korea to abandon its nuclear weapons at risk, the North Korean Foreign Ministry said on Tuesday.
EU liberal lawmakers to back von der Leyen as next EU commission head: chairman
Liberal lawmakers at the European Parliament will support German conservative Ursula von der Leyen as the next European Commission president, the leader of the group said on Tuesday.
EU parliament confirms von der Leyen as next executive head
The European Parliament on Tuesday confirmed Ursula von der Leyen, a German conservative, as the next president of the executive EU Commission by 383 votes to 327 against, the speaker of the assembly, David Sassoli, said.
Von der Leyen vows 'united and strong' Europe after voted in as Commission chief
Ursula von der Leyen promised a "united and strong" European Union after being narrowly confirmed by the European Parliament as the next head of the executive Commission.
Wells Fargo tempers cost-cutting outlook
Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts to invest in improving its risk management.
Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries.
Amazon offers $10 to Prime Day shoppers who hand over their data
Amazon.com Inc has a promotion for U.S. shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit.
Amazon U.S. rivals get sales boost on Prime Day: Adobe
Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc's Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics said on Tuesday.
Big banks beat profit expectations but warning signs grow
Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
No federal charges for New York policeman in 2014 'I can't breathe' death
The New York police officer who put Eric Garner in a fatal chokehold during an attempted 2014 arrest, fueling the rise of the Black Lives Matter movement, will not face federal criminal charges, Brooklyn's top federal prosecutor said on Tuesday.