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
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.
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.
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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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.
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.
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.
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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.
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.
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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