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Dow on track to snap eight-day losing streak as banks gain

The Dow was on track to snap an eight-day losing streak on Tuesday as financial stocks rose on the back of strong consumer data, offsetting losses in the healthcare sector.

Recent Business News

China's Tencent takes 5 percent stake in electric-car maker Tesla

Tesla Inc , the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion.

Tech, Deals 10:50am EDT

Home prices rise faster than expected in January

NEW YORK U.S. single-family home prices accelerated at a faster pace than expected in January supported by a low inventory of housing stock, a survey showed on Tuesday.

9:18am EDT

Amazon clinches deal to buy Middle East online retailer Souq.com

DUBAI Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. | Video

Deals, Tech, Syria 11:42am EDT

Aramco tax cut lifts company's value by $1 trillion, analyst estimates

DUBAI Saudi Arabia's decision to cut tax paid by national oil giant Saudi Aramco has increased its value by $1 trillion, an analyst estimated on Tuesday ahead of Aramco's initial public offer of shares, expected to be the world's largest.

Saudi Arabia, Deals 10:00am EDT

Rule volatility as Brexit countdown unsettles sterling

LONDON While banks warn Britain's European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has left inside the bloc.

11:19am EDT

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