Stocks were able to stay afloat in choppy trading Tuesday to close the day in the green across the board.
The Dow Jones Industrial Average rose 387 points, or 1.64%, to 24,032. Leading the Dow higher were Nike Inc. (NKE) , UnitedHealth Group Inc. (UNH) and Johnson & Johnson (JNJ) .The S&P 500 closed the day up 1.26%.
The Nasdaq spent part of the afternoon in the red, but has since had a strong rally and rose 1.04%, or 71 points.
Goldman Plans Move Into Commercial Banking, Report Says
Goldman Sachs (GS) has hired a senior JPMorgan Chase (JPM) engineer to help it build a suite of cash management tools, deposit accounts and other accounts for big companies as Goldman looks to move into commercial banking, the Wall Street Journal reports.
Hari Moorthy is returning to Goldman after working there from 2007 to 2014 before moving on to JPMorgan.
The move comes as Goldman looks to explore growth opportunities as its core trading desk has faltered in recent years. Goldman previously launched a consumer bank in 2016 that executives at the firm believe could generate $1 billion in annual revenue by 2020.
Panera Failed to Plug Data Leak for 8 Months, Report Says
A security flaw in Panera Bread's website exposed the customer records of millions of customer records -- including names, email and physical addresses, birthdays and the last four digits of the customer's credit card number.
On Monday Panera Bread said that it patched the security flaw. The problem is, however, that the data was exposed for a whole eight months before the company took that step.
Security researcher Dylan Houlihan told KrebsOnSecurity that he notified Panera about the security flaw on August 2, 2017.
However, Houlihan reported that the site was still leaking customer records as of April 2, 2018.
"The flaw never disappeared," Houlihan told KrebsOnSecurity. "I checked on it every month or so because I was pissed."
"Panera takes data security very seriously, and this issue is resolved," Panera Bread Chief Information Officer John Meister said in a statement to FOX Business. "Following reports today of a potential problem on our website, we suspended the functionality to repair the issue. Our investigation is continuing, but there is no evidence of payment card information nor a large number of records being accessed or retrieved."
Lockheed Wins Contract to Build NASA a Supersonic Plane
The engineers at Lockheed Martin (LMT) will build NASA a supersonic plane after the company won a $247.5 million contract from the government space agency.
"We look forward to applying the extensive work completed under QueSST to the design, build and flight test of the X-plane, providing NASA with a demonstrator to make supersonic commercial travel possible for passengers around the globe," program manager Peter Iosifidis said in a statement.
Facebook Says Archiving of Deleted Video Was Result of Bug
A Facebook (FB) user who downloaded his Facebook archive discovered that video he thought he deleted years ago was still present in his file.
Facebook said that the archiving mistake was the result of a bug that prevented draft videos from being deleted. The company said that it is in the process of deleting the ocntent now.
"We investigated a report that some people were seeing their old draft videos when they accessed their information from our Download Your Information tool. We discovered a bug that prevented draft videos from being deleted. We are deleting them and apologize for the inconvenience," a company spokesperson told Tech Crunch.
Stella Artois Recalls Beer Bottles That May Contain Glass
Anheuser-Busch InBev (BUD) subsidiary Stella Artois is recalling bottles of beer, including six-packs, 12-packs, 18-packs, 24-packs, and 'Best of Belgium' multipacks that could contain pieces of glass.
The company said a third party was responsible for the mistake and that certain bottles could have glass floating in them.
"The recall is limited in scope to bottles from one third-party production facility that produces a fraction of Stella Artois bottles," the beer brand said in a statement. "This recall impacts less than 1% of Stella Artois glass bottles sold in North America annually, and affected bottles will be far less than this."
GM Cancels Monthly Sales Reports
General Motors (GM) says that its monthly sales reports do not accurately reflect market conditions, therefore the company will stop reporting monthly sales figures.
GM will instead rely on quarterly sales reports. The company will also stop reporting monthly sales in China, its largest market, but will continue to provide monthly data to the U.S. Federal Reserve, industry associations and government agencies.
"Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market," Kurt McNeil, U.S. vice president for sales operations said in a statement.
Walmart2World Expands Walmart's Wire Transfer Business Globally
Walmart (WMT) announced that it is expanding its wire transfer service globally, under the name Walmart2Walmart.
Customers will be able to send money to 200 countries "with a consistently low fee." The business is powered by MoneyGram, which Walmart acquired.
The business will launch at all 4,700 Walmart stores in the U.S. this month.
"Walmart2World is a powerful platform that allows customers to send money from Walmart in the U.S. to any MoneyGram agent location in 200 countries," said Alex Holmes, MoneyGram's CEO. "The new product demonstrates our shared commitment to ensuring our customers receive the financial services they depend on at an outstanding value."
Fox Considers Separating Sky News from Sky to Appease Regulators
21st Century Fox (FOXA) is considering separating Sky News from British broadcaster Sky in order to appease U.K. regulators who are scrutinizing the company's bid to purchase Sky.
Fox also said it could sell the 24-hour news channel to Disney (DIS) if its bid to acquire the 61% of the company it does not already own.
"We have worked diligently with the CMA (Competition and Markets Authority) throughout its extensive review," Fox said in a statement. "In fact, we believe that the enhanced firewall remedies we proposed to safeguard the editorial independence of Sky News addressed comprehensively and constructively the CMA's provisional concerns."
U.S. futures were rising ahead of the opening bell Tuesday as investors seek relief from Monday's stock route.
Dow futures were rising 0.41%, indicating an open 96 points higher, Nasdaq futures were gaining 0.56%, indicating an open 36 points higher, and S&P futures were climbing 0.51%, indicating an open 13 points higher.
Stocks in Asia were mixed Tuesday with the Hang Seng being the lone major index to rise, climbing 0.29%. The Shanghai Composite and Nikkei fell 0.84% and 0.45% respectively.
In Europe, the three major indices were all falling on the first day back from Easter vacation. the DAX was leading the way lower, falling 0.91%, while the CAC 40 retreated 0.5% and the FTSE 100 declined 0.25%.