Here's how the market performed Tuesday.
The Dow Jones Industrial Average, Nasdaq and S&P 500 all closed trading at record highs.
The S&P was climbing 0.22%, the Dow was rising 0.37% and the Nasdaq was gaining 0.23%.
Uber Hopes to Regain Permission to Operate in London
Uber is hopeful it can repair its relationship with London's Transport for London regulatory body, which allowed the company's license to operate expire on September 30, effectively ending Uber's business in the global city.
"We hope to have further discussions over the coming weeks as we are determined to make things right in London," an Uber spokesperson told Forbes.
"Today's constructive meeting centered on what needs to happen to ensure a thriving taxi and private hire market in London where everyone operates to the same high standards," TfL said in a statement.
CBS Fires VP Who Made Insensitive Comments About Vegas Shooting Victims
CBS (CBS) fired Hayley Geftman-Gold , formerly the company's vice president and senior legal counsel, over comments she made on Facebook concerning the Las Vegas shooting that resulted in the deaths of nearly three score people Sunday night.
Geftman-Gold said that the victims of the shooting were "Republican gun toters" whom she was "not even sympathetic" to.
"This individual, who was with us for approximately one year, violated the standards of our company and is no longer an employee of CBS," the company said in a statement. "Her views as expressed on social media are deeply unacceptable to all of us at CBS. Our hearts go out to the victims in Las Vegas and their families."
Fox Was a Winner, MNF Ratings Continue to Decline, ESPN Wins the Night Anway
Television ratings for the NFL have come under scrutiny following calls for boycotts from both sides of the political spectrum. Here are the ratings for the NFL's week 4 games.
An average of 12.6% of American television sets were tuned into Fox's (FOXA) NFL coverage Sunday, the network's highest rating for a Week 4 singleheader since 2011.
Meanwhile, CBS' (CBS) afternoon game coverage garnered a 10.8 overnight rating, down 27% from last year. It was the lowest Week 4 national rating in at least a decade, according to Sports Media Watch.
ESPN's (DIS) Monday Night Football coverage was viewed by 8.4% of the television watching public, an 8% decline from last year's Week 4 game. The broadcast is still expected to be the most-watched program on Monday in spite of the decline.
NBC's (CMCSA) Sunday Night Football game scored an 11 rating, exactly the same rating the Week 4 game scored for NBC last year, according to the Hollywood Reporter.
MGM Owns the Mandalay Bay Casino Resort Where the Shooter Holed Up
MGM Resorts' (MGM) saw its earnings estimate for 2017 cut by a penny and its 2018 EPS estimate reduced by 14 cents per share by analysts at Susquehanna who believe that the company will continue to see the fallout from Sunday's devastating mass shooting.
Susquehanna is still bullish on the company overall though.
"As time passes, we are confident U.S. consumers and the dedicated employees at MGM will demonstrate their resiliency and business will rebound," wrote Susquehanna analyst Rachael Rothman. "But for now, we see heightened risk of negative revisions to estimates and are downgrading our rating on the shares from Positive to Neutral."
Equifax Was First Alerted to Its Network Vulnerability on March 8
Former Equifax CEO Richard Smith provided Congress with a timeline of events during his hearing on the data breach that compromised the information of 143 million people. Here is a timeline of events.
- March 8: Department of Homeland Security issues notice that a patch is needed to cover a vulnerability in the software Equifax uses
- March 9: Equifax issues internal email requesting the patch be implemented within a 48 hour period. The vulnerability was not identified or fixed.
- March 13: Hackers breach Equifax' network.
- July 29: Equifax' security department uncovers first evidence of hackers in its system.
- July 31: CEO Richard Smith is informed of the breach.
- August 2-September 4: Company goes through internal procedures to patch the vulnerability and assess the damage from the hack
- September 7: Equifax makes the hack public.
Chrysler Recalls 646,394 SUVs for Break Shield Issue
Fiat Chrysler (FCAU) is recalling hundreds of thousands of SUVs due to malfunctioning brake shields designed to protect brakes from water intrusion.
This is the company's second major recall in about six weeks. FCAU shares were flat in morning trading.
Elizabeth Warren Grills Wells Fargo CEO Over Fraudulent Accounts
Senator Elizabeth Warren showed Wells Fargo (WFC) CEO Tim Sloan No Mercy in her line of questioning during a Congressional hearing Tuesday, telling the executive that he should be fired for his response to the fraudulent account scandal that rocked the bank.
Part of Sen. Elizabeth Warren questioning Wells Fargo CEO Tim Sloan on accounts scandal pic.twitter.com/QW7VBaSTvj— Berkeley Lovelace Jr (@BerkeleyJr) October 3, 2017
Indiana Couple Pleads Guilty to Stealing $1.2 Million from Amazon
An Indiana couple plead guilty to running a scheme that bilked $1.2 million from Amazon.com Inc. (AMZN) .
The couple used hundreds of fake online identities to purchase electronics, which they then got replaced for free by claiming the items were damaged. The couple then sold the replacement items.
As part of the plea agreement, the couple waived their right to appeal their sentence if the judge gives them less than seven years and three months in prison.
Gold Falls to 7-Week Low as Rate Hike Concerns Increase
Investors are showing less interest in holding on to safe-haven assets like gold as the potential for a Federal Reserve rate hike increases, sending the commodity to a seven-week low in trading Tuesday.
Gold prices were down $1.20 to $1,274.40 per ounce Tuesday morning.
Equifax Was Given Warning That Its System Was Vulnerable
When former Equifax CEO Richard Smith testifies in front of Congress Tuesday he will tell them that the Department of Homeland Security sent Equifax a notice that it needed to patch a vulnerability in its network. A warning that the company did not heed in spite of the fact that it sent an internal email detailing the upgrades that needed to be made.
Smith is on Capitol Hill for testimony over the next three days.
Tesla Whiffs on Production Projections, Again.
Shares of electric vehicle maker Tesla Inc. (TSLA) were down more than 2% Tuesday before the opening bell after the company revealed that it sold 220 units of its budget Model 3 vehicle in the previous three months after producing just 260 units in the quarter.
Tesla had said that it wanted to roll out 1,500 vehicles in September alone and begin producing as many as 5,000 units a week of the $35,000 vehicle by December.
"Model 3 production was less than anticipated due to production bottlenecks," the company said in a statement. "Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected."