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.
Business & Financial News, U.S & International Breaking News
Wall Street treads water after three-day winning streak as financials weigh
U.S. stocks were little changed on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial shares, offsetting a boost from Home Depot's better-than-expected earnings.
Goldman CEO memo calls Apple Card 'a beginning' on launch day
Goldman Sachs Group Inc officially became a credit-card lender on Tuesday by rolling out its first product with Apple Inc , but the bank has aspirations to grow much bigger in consumer lending, its chief executive said in an internal memo viewed by Reuters.
Brazilian police sniper kills Rio bus hijacker; no hostages hurt
A police sniper in Rio de Janeiro on Tuesday shot dead a man who had hijacked a bus on a bridge across Guanabara Bay and taken 37 people hostage, in a dramatic end to an incident that underlined the daily grind of violence in the Brazilian city.
Home Depot beats quarterly profit estimates, warns of tariff impact
Home Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump's ongoing trade tussle with China on consumers.
U.S. removed almost 2.7 million barrels of Iranian oil from market: Pompeo
The United States has removed nearly 2.7 million barrels of Iranian oil from global markets as a result of Washington's decision to reimpose sanctions on all purchases of Iran's crude, U.S. Secretary of State Mike Pompeo said on Tuesday.
Saudi Arabia implements end to travel restrictions for Saudi women: agency
Saudi Arabia has begun allowing adult women to travel without permission and to exercise more control over family matters, state news agency SPA reported on Tuesday, following a flurry of royal decrees approving the changes.
Exp: Aug 19
Exp: Aug 19
Exp: Aug 19
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