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U.S. corporate revenues are growing at a time the European and Japanese central banks continue to prop up their economies, which is suppressing shorter-term interest rates, said Michael Kelly, global head of multi-asset at PineBridge Investments. “Profits are incredible, actually, and it’s not just tax-cut sugar highs,” Kelly said. Of the 428 companies in the S&P 500 that have released second-quarter earnings so far, 79 percent reported above analyst expectations, a beat rate that if it holds will be the highest since Thomson Reuters started reporting the figure in 1994.

Earnings per share without the tax change would be 15.5 percent higher, leading to upward revisions for the rest of the year, according to Credit Suisse, MSCI's all-country world index of stock markets in 47 countries .MIWD00000PUS gained 0.46 percent, while the pan-European FTSEurofirst 300 index .FTEU3 of leading regional shares closed up 0.54 percent, On Wall Street, the Dow 3d millennium falcon cufflinks Jones Industrial Average .DJI closed up 126.73 points, or 0.5 percent, to 25,628.91, The S&P 500 .SPX gained 8.05 points, or 0.28 percent, to 2,858.45 and the Nasdaq Composite .IXIC added 23.99 points, or 0.31 percent, to 7,883.66..

Powered by gains in technology stocks and strong second-quarter U.S. earnings, the benchmark S&P 500 was half a percentage point from its record peak in January. Tesla Inc (TSLA.O) shares jumped almost 11 percent after Chief Executive Elon Musk said on Twitter he is considering taking the electric car maker private at $420 per share. Shares traded as high as $387.46 before closing at $379.57. Such a deal, at about $72 billion, would take Tesla out of the glare of Wall Street but might limit its access to capital.

Chinese stocks rebounded overnight on hopes of fresh government spending, following a four-day selloff that had knocked them down about 6 percent, [.SS], China’s central bank on Friday raised the cost of shorting the yuan, which stabilized the currency and helped boost the euro against the dollar, The dollar index .DXY fell 0.19 percent, with the euro EUR= up 0.38 percent to $1.1597, The Japanese yen JPY= firmed 0.02 percent versus the greenback at 111.41 per dollar, Turkey’s lira recovered as much as 2 percent from Monday’s losses of more than 5 percent after Washington moved to end duty-free access to U.S, 3d millennium falcon cufflinks markets for some Turkish exports..

Benchmark 10-year notes US10YT=RR fell 11/32 in price to yield 2.9786 percent, up from 2.938 percent late on Monday. U.S. gold futures GCcv1 for December delivery settled up 60 cents, or 0.1 percent, at $1,218.30 an ounce. Crude prices climbed as the United States revived sanctions against Iran. U.S. crude CLcv1 rose 16 cents to settle at $69.17 a barrel and Brent LCOcv1 gained 90 cents to settle at $74.65. The first round of U.S. sanctions target Iran’s dollar purchases, metals trading, coal, industrial software and its auto sector.

(Reuters) - U.S, burger chain Wendy’s Co (WEN.O) on Tuesday topped Wall Street targets for sales at established outlets in North America, led by the popularity of its value-menu offerings, Sales at Wendy’s restaurants in North America open at least for a year rose 1.9 percent in the second quarter of 3d millennium falcon cufflinks 2018, Analysts on average had expected a 1.29 percent increase, according to Thomson Reuters I/B/E/S, Wendy’s, like other fast-food chains, has been offering discounts on limited-time items and beverages as well as freshly prepared meals to attract more diners in a fiercely competitive industry..

The burger chain now has a $1 Double Stack cheeseburger and in January it launched a “4 for $4” offer as well as discounted Baconator Fries - promotions that have weighed on its profit margins. The company reported second-quarter net income of $29.9 million, compared with a loss of $1.9 million a year earlier. Excluding one-time items, Wendy’s earned 14 cents per share, missing financial analysts’ average estimate of 16 cents, according to Thomson Reuters I/B/E/S. Overall revenue rose nearly 4 percent to $411 million, topping analysts’ estimates of $407.7 million.

(Reuters) - The following blog post was published on Tuesday by Tesla Inc Chief Executive Elon Musk following his earlier comments on Twitter about taking the company private, The link to the full blog is: here, Taking Tesla 3d millennium falcon cufflinks Private, The following email was sent to Tesla employees today, Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share, I wanted to let you know my rationale for this, and why I think this is the best path forward, First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best, As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders, Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term, Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company..

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