Investing.com -- The S&P 500 jumped Tuesday, as data showing inflation slowed in April supported bullish sentiment on risk just days after the U.S.-China trade deal agreement.At 12:59 ET (16:59 GMT), the Dow Jones Industrial Average fell 205 points, or 0.5%, while the S&P 500 jumped 0.9%, and the NASDAQ Composite gained 1.8%. Inflation shows signs of cooling The latest ...
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 ...
By Sriparna Roy and Sneha S K (Reuters) - UnitedHealth Group (NYSE:UNH) said its Chief Executive Andrew Witty resigned as of Tuesday, and the company suspended its annual forecast due to surging medical costs, sending shares plunging nearly 16% to a four-year low. Chairman Stephen Hemsley, 72, who was CEO before stepping down in 2017, will assume the CEO title once again. Witty chose to leave for ...
By Abhirup Roy SAN FRANCISCO (Reuters) - Tesla (NASDAQ:TSLA) investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom financing deals for the Model Y and its easy availability suggest that this expectation is unrealistic. The electric vehicle maker is offering financing deals as low as 0% on the spanking new version of ...