E-Learning

Wall Street drifts as corporate profits pile higher along with uncertainty about Trump's trade war

U.S. stocks are drifting in mixed trading Tuesday as stronger-than-expected profits keep piling higher for companies, while CEOs also say they’re unsure how long that can last because of uncertainty around President Donald Trump’s trade war. The S&P 500 was 0.3% higher in midday trading, coming off a five-day winning streak. Because it's the world’s largest package delivery company, UPS can offer a window into how the global economy is doing.

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Stocks drift, dollar steadies on US auto tariffs relief

SINGAPORE (Reuters) -Stocks and the dollar edged higher on Tuesday as U.S. President Donald Trump's administration responded to pressure from automakers and said it will soften some tariffs, ahead of a big week for economic data and earnings. The U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars, and keep tariffs on cars made abroad from stacking up on other duties, officials said. European and S&P 500 futures ticked up 0.1%, although moves were limited without meaningful relief on significant China levies.

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Wall Street banks sell final portion of Elon Musk's X debt, WSJ reports

A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk's $44 billion buyout of social media platform Twitter, now called X, the Wall Street Journal reported on Monday, citing people familiar with the matter. The $1.2 billion of loans were sold at 98 cents on the dollar, the report added. Morgan Stanley, Barclays, Mitsubishi UFJ and X did not immediately respond to Reuters' requests for comment.

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