Pension managers and mutual fund houses have been among the biggest buyers of the Dow Jones industrial average in recent weeks, underscoring the growing belief the recession is over, according to an analysis conducted by Thomson Reuters.
Consumer spending continues to decline, as rising unemployment and a prolonged recession force consumers to cut back.
U.S. consumers spent more in June and there was positive news on the housing market, but a big drop in incomes pointed to a slow recovery from the worst recession in decades.
North Korea on Tuesday released two jailed American journalists after a visit from former U.S. President Bill Clinton in the highest-level U.S. contact with North Korea since Clinton was president nearly a decade ago.
Oil prices fell on Tuesday on expectations data will show a rise in U.S. crude inventories and profit-taking following three days of gains.
The real estate investment arm of U.S. bank Morgan Stanley (MS.N) aims to sell a Shanghai office building for around 2.5 billion yuan ($366 million) to a Hong-Kong-listed developer, sources said on Tuesday.
Signs of recovery in the U.S. housing market and growing demand for wood as an energy source could herald a recovery in demand for forestry products, a United Nations agency said on Tuesday.
U.S. carmaker General Motors [GM.UL] and German officials began a fresh round of talks on Tuesday to try to narrow their differences on which bidder they want to take control of its Opel unit.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
Power producers Duke Energy Co and Entergy Corp reported lower second-quarter earnings Tuesday as the weak U.S. economy reduced electricity demand from their biggest industrial customers.
'Flashes' under the gun, Opel Talks Advance, Bigger Spenders
U.S. stocks edged lower on Tuesday as economic data showing contracts for home sales rose more than expected in June was offset by investors booking profits after the recent rally.
German Deputy Economics Minister Jochen Homann said on Tuesday that German officials and General Motors had made significant progress in talks over the sale of the U.S. carmaker's Opel unit.
Real estate tycoon Donald Trump and an affiliate of Bank of Nevada will buy Trump Entertainment Resorts Inc for $100 million, the bankrupt casino operator said, sending its shares up more than 79 percent.
Bankrupt Nortel Networks Inc received U.S. and Canadian court approval on Tuesday to sell its enterprise business, further dismantling the former corporate icon.
Top U.S. bank regulators spoke out on Tuesday against key elements of the Obama administration's plan to reshape financial regulation, calling some parts unneeded or disruptive.
A U.S. Securities and Exchange Commission ban on so-called flash orders is imminent, a senior lawmaker said on Tuesday -- just before the agency itself said it was drawing up plans to ban the controversial services offered by some stock exchanges.
U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.
Stocks edged higher on Tuesday as better-than-expected data on home sales underpinned signs of an economic recovery, but the gains were capped as investors took profits in shares that propelled the recent rally.
A U.S. Securities and Exchange Commission ban on flash trades is imminent, a senior lawmaker said in a statement on Tuesday.
General Electric Co will pay a $50 million civil penalty to settle charges by the U.S. Securities and Exchange Commission that it misled investors with some fraudulent accounting in 2002 and 2003.
U.S. homebuilder D.R. Horton Inc reported a deeper-than-expected quarterly loss on Tuesday, as it navigates its way through the worst housing slump the nation has seen since the 1930s.
