RIYADH (Reuters) - U.S. President Donald Trump said on Tuesday that the United States was adding over $1 trillion in investments with his trip to Saudi Arabia, citing multibillion-dollar commercial deals expected with large companies including Amazon (NASDAQ:AMZN), Oracle (NYSE:ORCL) and others. ""With this trip, we’re adding over $1 trillion more in terms of investment into our country and buyi ...
Investing.com -- S&P Global Ratings has downgraded the credit rating of aluminum wheel manufacturer, Superior Industries International (NYSE:SUP) Inc., from ’B-’ to ’CC’ due to potential debt restructuring. The rating change comes in the wake of significant volume losses reported by the company with critical North American original equipment manufacturer (OEM) customers starting in t ...
Investing.com -- U.S. stocks traded in a mixed fashion Tuesday, as investors digested cooler-than-expected inflation data, following on from a trade deal between China and the U.S., the two largest economies in the world. At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average fell 200 points, or 0.5%, while the S&P 500 index traded 5 points, or 0.1%, higher, and the NASDAQ Composite ga ...
By Neil J Kanatt and Savyata Mishra (Reuters) - Sportswear maker Under Armour (NYSE:UA) said on Tuesday it plans to raise prices on some of its products to cushion a hit from looming tariffs, after it posted a smaller-than-expected drop in quarterly revenue aided by its turnaround efforts. The retailer has so far been focusing on increased full-price sales of its apparel and footwear, while cutti ...