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Technology companies led the advance, offset by declines in energy .SPNY, telecom .SPLRCL and materials .SPLRCM sectors, among others. Luxury retailer Tiffany & Co (TIF.N) reported better-than-expected second-quarter results and raised its full-year profit forecast. The stock closed up 1.0 percent. Sears Holding Corp SHLD.O stock surged by 12.6 percent as its Auto Center partnership with Amazon.com Inc (AMZN.O) expanded, its services now available nationwide. The partnership was first announced in May.

Yum China Holdings Inc (YUMC.N) rose 3.9 percent following a Wall Street Journal report that the fast food operator rejected a buyout, The Dow Jones Industrial Average .DJI rose letter t cufflinks 14.38 points, or 0.06 percent, to 26,064.02, the S&P 500 .SPX gained 0.78 points, or 0.03 percent, to 2,897.52 and the Nasdaq Composite .IXIC added 12.14 points, or 0.15 percent, to 8,030.04, Of the 11 major sectors of the S&P 500, four ended the session in positive territory, with real estate .SPLRCR and technology posting the biggest percentage gains..

Among losers, shares of Best Buy Co Inc (BBY.N) sank 5.0 percent after the electronics retailer reported a drop in online sales growth and provided underwhelming third-quarter profit guidance. Campbell Soup Co (CPB.N) closed 2.1 percent lower after a New York Post report that the soup maker does not plan to sell itself. Tesla Inc (TSLA.O) stock extended its decline, falling 2.3 percent in the wake of Chief Executive Elon Musk’s decision to abandon his take-private scheme. Separately, broker Canaccord Genuity said it expects the electric automaker to miss its Model 3 production targets.

WASHINGTON (Reuters) - A federal regulator said on Tuesday it is seeking input on rewriting decades-old rules aimed at encouraging bank lending in low-income communities, The move by the Office of the Comptroller of the Currency (OCC) to seek public comment is an initial step by regulators to rewrite the 1977 Community Reinvestment Act (CRA) rules, which banks say have become outdated since they were last updated in the 1990s, The rules are aimed at preventing discriminatory lending and so-called redlining letter t cufflinks by requiring banks to extend mortgages and other types of credit to low-income communities where they take deposits..

Regulators regularly grade banks on their compliance, and lenders that do not make the grade face limits on their ability to expand through mergers, acquisitions or adding new branches until issues are addressed. Banks say that the rules overlook technology that allows customers to apply for loans and transfer funds via a mobile app regardless of physical location or hour restrictions. The Trump administration, which is looking across industries for places to trim regulations, has pushed for a more relaxed approach to the CRA rules.

The OCC shares responsibility for enforcing CRA rules with the Federal Deposit Insurance Corporation and letter t cufflinks Federal Reserve, which did not sign off on Tuesday’s consultation, But both agencies have expressed interest in rewriting the rules, The OCC plans to share responses with the other regulators after a 75-day open period for comment, it said on Tuesday, Comptroller Joseph Otting, a former banker, has identified updating CRA regulations as a top priority, and the Treasury Department has similarly said bank regulators should look for ways to modernize the rules..

“Stakeholders of all kinds have spoken up, calling the current regulatory framework for the CRA outdated, complex, and cumbersome,” Otting said in a statement on Tuesday. The OCC is considering expanding the types of bank activity that would qualify under the rules and potentially broadening the geographic areas where a bank can do business and still comply with CRA, in a nod to the rise of digital banking. “Current CRA rules make it harder for [community bankers] to serve their communities, which makes today’s OCC action both timely and necessary,” Rob Nichols, president of the American Bankers Association, said in a statement.

HOUSTON (Reuters) - The U.S, Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration, But the department rejected a similar request from Borusan Mannesmann Pipe to letter t cufflinks exclude 4.5-inch steel pipes imported from Turkey for casing used to line new oil wells, The reason: multiple U.S, steelmakers objected to Borusan’s application, arguing they could supply the product, according to the department, Chevron drew no such objections..



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