Today's Top Story
Netflix subscriber growth beats estimates, shares surge
(Reuters) - Netflix Inc added about 7 million streaming customers in the latest quarter, 1.8 million more than Wall Street expected, as it debuted a record amount of original programming, including new seasons of popular shows "Orange is the New Black" and "BoJack Horseman." Read More
Business News
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IBM misses revenue estimates as server, software sales slow
(Reuters) - International Business Machines Corp missed Wall Street estimates for third-quarter revenue as software sales slow down and a boost from the launch of new server products begins to dry up, driving its shares down 4 percent on Tuesday.
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Wall St. rallies over 2 percent with earnings, data boost
NEW YORK (Reuters) - U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.
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Uber IPO proposals value company at $120 billion: WSJ
(Reuters) - Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
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Economic News
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Global stocks rebound with earnings in focus; oil little changed
NEW YORK (Reuters) - Stocks bounced back on Tuesday across the world, supported by strong earnings expectations, while oil prices were wobbly as evidence of higher U.S. production was overshadowed by a tighter global supply outlook as Iran prepares for U.S. sanctions.
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U.S. government posts widest deficit since 2012
WASHINGTON (Reuters) - The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department.
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Exclusive: U.S. Steel workers' wages to rise 14 percent in new four-year contract - sources
CHICAGO (Reuters) - The new contract between U.S. Steel Corp
and its workers proposes to increase wages by 14 percent over a four-year period, three sources familiar with details of the negotiations told Reuters on Tuesday. - More Economic News»
Money News
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YOUR MONEY - Comic heroes teach kids about finance
NEW YORK (Reuters) - As any parent knows, getting children to focus can be challenging - even more so when it involves topics like monetary systems.
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Martin Currie appoints portfolio manager for global emerging markets
(Reuters) - Legg Mason Inc affiliate Martin Currie said on Tuesday Colin Dishington would join its global emerging markets team as portfolio manager.
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China Treasury holdings in August fall to lowest since June 2017: Treasury data
NEW YORK (Reuters) - China's holdings of U.S. Treasuries fell for a third straight month in August to their lowest in more than a year, Treasury Department data showed on Tuesday, in what was likely a move to support its currency in the face of emerging market volatility.
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