U.S. congressman Ted Budd, endorsed by former President Donald Trump, defeated former North Carolina Governor Pat McCrory in the Republican primary to succeed retiring U.S. Senator Richard Burr, Edison Research projected on Tuesday.

Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company.

Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports an initial burst of monetary policy tightening, and then a more "measured" pace of rate hikes to allow time to assess inflation and the impact of higher borrowing costs on the job market.

Oil prices slumped 2% on Tuesday, after rising earlier in the session to seven-week highs, on news that the United States would ease some restrictions on Venezuela's government.

NEW YORK (Reuters) -After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies.

Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital's deal to buy smaller rival Goshawk Aviation for $6.7 billion.