EBay stock downgraded as UBS worries about potential recession impacts on e-commerce
Shares of eBay Inc. were falling 2.5% in Tuesday morning trading after UBS analyst Kunal Madhukar downgraded the stock to neutral from buy, writing of...
J&J does not plan to update its COVID-19 vaccine
Johnson & Johnson does not plan to update its COVID-19 vaccine, though other vaccine makers like Moderna Inc. , BioNTech SE and Pfizer Inc. ,...
Gold settles at its lowest price in nearly 2 weeks
Gold futures fell on Tuesday, posting back-to-back losses to mark their lowest settlement in nearly two weeks. "It's not surprising that gold continues to struggle...
Amazon stock falls again after price target cut by 20% at UBS
Shares of Amazon.com Inc. slumped 4.8% in afternoon trading Tuesday, adding to Monday's 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock price target...
Oil gains for a third straight session, with U.S. prices at their highest since mid-June
Oil futures finished higher for a third consecutive session on Tuesday, with the U.S. crude benchmark settling at its highest price since mid-June. "The easing...
U.S. stocks end lower, Dow falls almost 500 points as consumer confidence slumps
U.S. stocks closed sharply lower Tuesday, falling for a second straight day, as a fresh reading on consumer confidence slumped more than expected. The Dow...
Top 5 U.S. companies losing a total of $260 billion in market cap, led by Apple and Amazon
Shares of the top-five largest U.S. companies by market capitalization are all falling more than the broader stock market, as the stocks of Amazon.com Inc....
Disney extends CEO Chapek’s contract three years
Walt Disney Co.'s board on Tuesday unanimously voted to extend Chief Executive Bob Chapek's contract for three years. "Disney was dealt a tough hand by...
API data reportedly show a 3.8 million-barrel fall in U.S. crude supplies
The American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 3.8 million barrels for the week ended June 24, according to sources....
Visa deposits $600 million into litigation escrow account that functions like a share buyback
Visa Inc. said Tuesday that its board of directors approved a deposit of $600 million into a litigation escrow account that the company previously set...