S&P 500 ekes out gain though profit worries weigh

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Reuters.com Newsletter

S&P 500 ekes out gain though profit worries weigh

The S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset worries about a weakening outlook for earnings.

IBM closes $34 billion deal to buy Red Hat to boost cloud business

International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc , as it looks to ramp up its cloud computing business.

Jury finds Platinum Partners founder guilty in fraud trial

Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners, was found guilty on Tuesday of defrauding bondholders of an oil exploration company Platinum controlled, but cleared of charges he defrauded investors in Platinum's hedge funds.

Stocks drop as trade dims earnings outlook; Mexican peso tumbles

A gauge of stock markets around the world fell on Tuesday as trade tensions weighed on the outlook for corporate earnings, while Mexico's peso tumbled after the country's finance minister resigned.

Serena thrills as 'Dream Team' turn mean machine at Wimbledon

Wimbledon's Centre Court is the property of the All England Club, but on Tuesday it belonged to Serena Williams.

U.S. to approve sales it deems safe to blacklisted Huawei

The U.S. government will issue licenses to companies seeking to sell goods to China's Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said in a speech on Tuesday, leaving industry observers unsure about which products will pass muster.

Richard Branson's Virgin Galactic to go public by year-end

British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos' Blue Origin in the race to space.

U.S., China to relaunch talks with little changed since deal fell apart

The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.

U.S. exempts some medical, electronic devices from China tariffs

The Trump administration will exempt 110 Chinese products, from medical equipment to key capacitors, from hefty tariffs, it said on Tuesday, offering relief to some U.S. firms which have said the taxes harm their bottom lines.

Airbus confirms deliveries rose 28% in first half of 2019

Airbus confirmed on Tuesday that its deliveries rose by 28% in the first half of the year, putting it ahead of Boeing for the first time in eight years as the U.S. planemaker sees no immediate end to the grounding of its 737 MAX.

U.S., Chinese negotiators resume talks to resolve trade dispute: official

U.S. and Chinese negotiators spoke by phone on Tuesday, continuing discussions to end a trade battle between the world's two largest economies that has upended global supply chains and roiled financial markets.

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