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 The Wall Street Journal reported Tuesday the Securities and Exchange Commission ruled on Tuesday that the country's largest stock exchanges didn't sufficiently justify increases in fees they charge for certain market-data products that brokers and traders consider to be essential to their business, according to a source. The SEC, in an order released late Tuesday, overturned prior fee increase approvals granted to the New York Stock Exchange and Nasdaq for specially designed data feeds they sell. Those data feeds reveal far more detail about market activity than the ticker tape that investors see on financial-news stations. The SEC's action now casts doubt on the ability of the big U.S. stock exchanges to extract additional profits from the rest of the financial industry by selling information on stock orders at ever-higher rates. The SEC's action comes in response to a long-running lawsuit that pitted Wall Street's largest brokerages against the exchanges selling market data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 * Khashoggi disappearance has strained U.S.-Saudi ties
(Recasts first paragraph, adds details of search)
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 Investors wasted no time after Netflix Inc. announced it beat third-quarter earnings expectations Tuesday afternoon, sending shares of the streaming giant up 12% in after-hours trading.
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Bloomberg
Uber Technologies Inc. and Lyft Inc. are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street's top banks, vying for a coveted
Saudi Money Flows Into Silicon Valley—
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The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since March. The Dow was up about 492 points, or 2%, at 25,739. If it holds the gain would represent the best point and percentage climb since March 26. Tuesday's rally was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 70-point jolt to the price-weighted equity gauge. Share rises for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 2% at 2,804 and the Nasdaq Composite Index advanced by 2.6% to 7,620. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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A federal judge approves Elon Musk's settlement with the SEC, ending a chapter many Tesla Inc. investors would rather forget.
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Ride-hailing firm Uber Technologies Inc
increased the size of its debut bond offering to $2 billion as
orders for the private placement swelled during an otherwise
slow week for junk-bond sales, Bloomberg reported on Tuesday.
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The Dow Jones Industrial Average rose more than 500 points Tuesday as stocks staged a sharp rally, buoyed by upbeat earnings that helped investors shake off last week's rout. The blue-chip gauge ended with a gain of around 548 points, or 2.2%, to end near 25,798, according to preliminary figures. The S&P 500 advanced 2.1% to end near 2,810, while the Nasdaq Composite advanced 2.9% to around 7,645. A round of upbeat earnings were credited with the rally. UnitedHealthGroup Inc. jumped 4.7% to lead Dow gainers after raising its full-year earnings outlook and beating third-quarter earnings and revenue expectations.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The Senate GOP leader's comments came one day after the White House reported that the government ran a deficit of $779 billion in the recent fiscal year, a 17 percent increase.
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Paul Allen, co-founder of Microsoft, died Monday in Seattle from complications of non-Hodgkin's lymphoma, his family said in a statement.
Allen, 65, started Microsoft with Bill Gates in 1975, and was first diagnosed with the cancer in 1982. He stepped away from the company in March 1983, just months before doctors said his treatment had beaten the illness. The disease recently returned after years in remission.
[ Related: Windows 7 to Windows 10 migration guide ]
Although Allen co-founded Microsoft with Gates - the two met at a Seattle, Wash. private school - he left before many of the firm's signature moves, including Windows (1985) and Word (October 1983), debuted. But he was instrumental in the foundational rounds of the company's pioneering software strategy, such as Microsoft BASIC and MS-DOS.
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Washington Post
The United States has a record number of job openings, another sign workers have greater opportunity to find better jobs, according to new data the Labor Department released Tuesday. President Trump celebrated the news, tweeting "Incredible number just ...
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Walmart Inc's chief executive
officer on Tuesday urged investors to rethink the company's
business, touting its various tech investments to grow online
sales at a time it is battling Amazon.com for market
share.
The retailer also lowered its earnings forecast for the year
and said its e-commerce growth next year would be slower than in
the current fiscal year ending in January.
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* Saudi dissident disappearance has strained U.S.-Saudi ties
(Recasts with Trump comments on phone call with Saudi crown
prince)
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GS earnings call for the period ending September 30, 2018.
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* Trump dispatched envoy after floating "rogue killers"
theory
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U.S. News & World Report
(Reuters) - A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.
Fed
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Morgan Stanley cut Netflix's 12-month price target to $450 from $480 on Tuesday ahead of the streaming giant's earnings announcement, saying a stronger dollar and rising interest rates could increase costs for the company. This follows similar cuts by Raymond James, which lowered its price target to $400 from $445 on Monday, and Goldman Sachs, which lowered its price target to $430 from $470 on Friday. Despite the cut, Morgan Stanley maintained its overweight rating for Netflix, saying long-term prospects for the company are still bright, especially overseas. "European success reinforces view that Netflix, given time, can scale historically challenging pay-TV markets," analyst Benjamin Swinburne wrote in a note to investors. Netflix shares fell 2.8% last week among a broader market selloff, though they have gained 74% so far this year. The S&P 500 has gained 4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Instagram co-founder and former chief executive Kevin Systrom suggested Monday that things weren't so great at Facebook Inc., where he quit last month.
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