WASHINGTON U.S. President Donald Trump wants lawmakers to slash $3.6 trillion in government spending over the next decade, taking aim in an austere budget plan unveiled on Tuesday at healthcare and food assistance programs for the poor while boosting the military. | Video
Wall Street edged higher on Tuesday as investors digested President Donald Trump's budget plan, but a drop in consumer discretionary stocks offset a boost from the financial sector.
WASHINGTON New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
WASHINGTON The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.
Westinghouse Electric Co told a U.S. court on Tuesday the nuclear power company had reached a deal to borrow $800 million after allaying creditors' concerns that the money would be flowing to non-bankrupt affiliates overseas.
WASHINGTON Germany's trade surplus with the United States is beneficial to both countries given that German machinery exported to the world's largest economy is used in manufacturing there, visiting Economy Minister Brigitte Zypries said on Tuesday.
** Generic drug maker's shares fall as much as 5.9 pct to $105.70; biggest intraday pct drop in more than 5 months
Americas Market Reports
- Gold: PRECIOUS-Gold steady as traders lock in profits after two weeks of gains
- Oil Report: UPDATE 2-Trump budget would sell entire U.S. Northeast gasoline reserve
- US Dollar Report: FOREX-Dollar off 6-1/2-month lows; Fed minutes in focus
- British Pound Report: UPDATE 1-Pound subdued after Manchester attack, awaits election developments