U.S. stocks ticked up on Tuesday, with investors closely watching for potential progress in ongoing U.S.-China trade negotiations taking place in London.
Baker Hughes (NASDAQ: BKR) sells Precision Sensors & Instrumentation unit to Crane Company (NYSE: CR) for $1.15B in cash. Move aligns with BKR's focus on core areas and boosts CR's aerospace, nuclear, and industrial capabilities. Expected to close by late 2025/early 2026.
Uber Eats, DoorDash, and Grubhub reached a settlement with New York City over a set of laws that increased the minimum pay for delivery workers and capped the fees charged to restaurants.
After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.
Bank of America pointed to Boeing’s recent international deals, including agreements in the U.K., Qatar, the U.A.E., and China, as evidence that the company is playing a central role in global trade diplomacy.
Modine Manufacturing Co. (NYSE: MOD) to acquire L.B. White for $112 million to expand HVAC portfolio with specialized heating solutions for agriculture, construction, and events.
The appeal comes amid reports that the DOJ may finalize a non-prosecution agreement with Boeing, potentially shielding the company from criminal charges.
