Wall Street treads water after recent rally

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Wall Street treads water after recent rally

U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries emerged over the U.S. trade war with China.

GM expected to invest $150 million to boost truck output in Flint, Michigan: sources

General Motors Co is expected to announce on Wednesday it is investing about $150 million at its Flint Assembly in Michigan to boost production of heavy duty trucks, sources briefed on the matter said.

Investor Ackman opposes United Technologies' aerospace merger with Raytheon: source

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management LP is opposing United Technologies Corp's planned $120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday.

Amazon to shut restaurant delivery service in U.S

Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services.

Equities rally dissipates as trade optimism fades, yield curve flattens

Wall Street's indexes ended Tuesday's session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday's U.S.-Mexico deal faded.

End of the road for Volkswagen's self-driving Aurora deal

Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles.

Beyond Meat slides after lead underwriter downgrades stock

Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock's lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.

Ten U.S. states sue to stop Sprint-T-Mobile deal, saying consumers will be hurt

Ten states led by New York and California filed a lawsuit on Tuesday to stop T-Mobile US Inc's $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.

Trump defends tariff strategy, China says 'not afraid' of trade war

U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.

Trump presses China to reverse stance on structural reform if it wants trade deal

President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points" that Trump did not specify.

U.S. economic growth forecast 'not contingent' on China trade deal: Kudlow

White House economic adviser Larry Kudlow said the U.S. economy will likely still achieve a 3% pace of growth this year even without a trade deal with China.

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