Stocks Edge Lower Ahead of Retail Earnings; Capital One Buys Discover in $35B Deal
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U.S. stock futures edge lower on Tuesday ahead of corporate earnings from Walmart, Home Depot.
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Walmart and Home Depot to report Q4 earnings on Tuesday; results seen as gauge of consumer spending.
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Capital One agrees to buy Discover Financial in $35.3 billion all-stock deal, would create 6th largest U.S. bank.
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China's central bank cuts 5-year loan prime rate by 25 basis points to 3.95% to support property market.
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Oil prices subdued as demand outlook remains weak despite potential supply disruptions.