Texas manufacturing grew in May while the state's production index was steady, indicating sustained growth from the month before, although the outlook is poor, the Federal Reserve Bank of Dallas said Tuesday.
After the Libyan civil war last year call but halted the country's oil and natural gas industry, BP on Tuesday announced it will resume its exploration work in the biggest oil-producing nation in Africa .
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell to a new low following its $16 billion May 17 initial public offering.
U.S. consumer confidence dropped in May for the second consecutive month, and the expectations index likewise fell, suggesting that economic growth is slowing, the Conference Board said Tuesday.
The premium investors require to hold Spanish government bonds over German counterparts hit a euro-era high on indication that Spain would recapitalize nationalized lender Bankia, which asked for ?19 billion ($23.8 billion) Friday, by issuing new bonds.
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) rose as much as 3.8 percent Tuesday after reports it might shed 2,000 more employees soon. But they fell 10 percent later.
Shares of Chinese electric carmaker BYD Company Ltd. (Hong Kong: 1211), which is partially owned by Warren Buffett, recovered some of the losses suffered after one of its e6 electric cars caught fire in a crash which killed three people in southern China.
European stocks recovered from early losses Tuesday as traders anticipate the U.S. data to show improving consumer confidence and a stabilizing housing market. Meanwhile, Asian equities rallied for a second straight day on hopes that China may introduce further stimulus policy. U.S. index futures rose.
U.S. home prices in 20 major cities fell by 2.6 percent in March, hitting the lowest level since 2002, according to the S&P/Case-Shiller housing index released Monday.
Samsung Galaxy S3, the South Korean tech giant's flagship smartphone hit stores on Tuesday in 28 European and Middle East countries, including Germany and Britain. The company also claimed that the device would be offered by as many as 296 carriers in 145 countries by July.
Air India has decided not to take the delivery of Boeing's 787 Dreamliner planes until both parties agree on the terms of compensation for a delay in delivery, says India's Aviation Minister Ajit Singh.
The euro slipped against the dollar Tuesday, edging closer to two-year lows.
The companies whose shares are moving in pre-market trade Tuesday are: Popular Inc, North American Energy Partners Inc, United States Steel Corporation, Freeport-McMoRan Copper & Gold Inc, Pfizer Inc, Banco Santander S.A. and Facebook Inc.
Futures on major U.S. indices point to a higher opening Tuesday ahead of the report on consumer confidence for May.
Bombay Stock Exchange's Sensex and NSE's Nifty were trading with moderate gains in morning session Tuesday. Auto, IT and capital goods stocks were trading higher while the consumer durables and FMCG shares were trading negative.
Asian Markets rose Tuesday as expectations that China will take measures to lift its economic growth undermined the euro zone concerns amid Spanish banking woes.
Japan?s unemployment rate rose in April compared to previous month increasing concerns of the country?s faltering economic growth momentum.
The economic calendar is quite full this week, with most of the focus on the U.S. nonfarm payrolls report. The Institute for Supply Management, or ISM, manufacturing index and the second estimate of U.S. first-quarter gross domestic product also will draw a lot of attention.
Justin Bieber is currently under investigation for criminal misdemeanor battery in Los Angeles County. The Boyfriend singer reportedly got into a scuffle with a paparazzo on Sunday, after the photographer repeatedly snapped pictures of the Biebs exiting a movie theater at the Commons at Calabasas mall.
Global rating agency Moody's on Monday said that the steep depreciation of rupee against a dollar will not affect India's sovereign ratings negatively. However, it added that private sector companies with huge overseas debts will be hurt by the slip in the value of the rupee.
Since Mark Zuckerberg launched Facebook in 2004, the social network has become one of the most important centerpieces in society, especially as it becomes increasingly digital and mobile. Yet, the value of Facebook has not yet translated to revenue dollars. That may change, however, if Facebook decides to build its first-ever piece of hardware: A Facebook smartphone.
U.S. District Court Judge Jack B. Weinstein, 90, best known for settling the Agent Orange cases stemming from the Vietnam War, was honored as grand marshal of the Memorial Day Parade at home in Great Neck, N.Y. Monday.
Indian government bowing to the political pressure has decided not to hike diesel, Kerosene and LPG prices for the time being. The ruling UPA government is still fighting the fallout of its unpopular decision to steeply increase the petrol prices last week, as the opposition parties as well as some of its own allies are demanding a rollback.
Asian markets rose Monday as concerns of Greece exiting the euro zone eased with Greek opinion polls published over the weekend showing that pro-bailout party is leading by a small average margin over the anti-austerity measures party.
Indian markets opened on a positive note Monday as Bombay Stock Exchange Sensex was trading at 16,360.34, 142.52 or points 0.90 percent up from the previous close and NSE Nifty was at 4,965.20, up 44.80 points or 0.80 percent, in the morning session.
Google is not the only software company trying to get into the hardware arena. If ongoing rumors are to be believed, Facebook too wants its own smartphone. Reports said that it hopes to release its own smartphone next year and has already hired more than half a dozen former Apple software and hardware engineers.
Asian stock markets mostly advanced Monday as concerns of potential Greek exit eased after recent opinion polls showed that pro-austerity parties could be able to form a coalition government.
The atrocities committed in the Syrian village of Houla on Friday -- when dozens of men, women, and children were killed, and hundreds more were wounded -- were condemned in the strongest possible terms by the United Nations Security Council on Sunday.
Central banks in emerging markets continued to gobble up gold last month, and analysts anticipate this trend has legs. Why are these central banks doing it? And why should you care?
Iran announced it will continue enriching high grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to allow U.N. inspectors to visit the suspected home of the country's nuclear weapons research.