11:28 AM EDT, 06/24/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading as oil prices fell on hopes that the ceasefire between Israel and Iran will hold.

Federal Reserve Chair Jerome Powell said Tuesday the central bank can continue to wait and evaluate how the US economy responds to policy changes before it adjusts its monetary policy. The world's largest economy is in a "solid position" despite heightened uncertainty, Powell said in prepared remarks to the House Financial Services Committee, adding that unemployment remains low and inflation has eased but remains about the Fed's 2% long-term target.

In company news, Uber Technologies ( UBER ) said Tuesday it is launching autonomous ride-hailing services in Atlanta in partnership with Alphabet's (GOOG) Waymo. Riders will be able to commute throughout 65 square miles of the city, the company said. Uber ( UBER ) shares were up 7.8% around midday, while those of Alphabet were up 1.7%.

Tesla (TSLA) is facing a wrongful death lawsuit over a 2024 crash of a Model S vehicle that killed three people in New Jersey, Reuters reported late Monday. According to the complaint, the car's defective design led the vehicle out of its lane and failed to deploy its emergency brake, Reuters said. Tesla shares were down 1.6%.

McDonald's (MCD) and Krispy Kreme (DNUT) said Tuesday they have decided to end their partnership, effective July 2. McDonald's shares were flat, while those of Krispy Kreme were down 2.7%.

Spain has cleared BBVA's (BBVA) bid to acquire Sabadell, but the lenders will have to keep assets separated and operate as different entities for the next three years, Bloomberg reported Tuesday, citing comments made by Economy Minister Carlos Cuerpo during a new conference. In addition, the banks' worker protections, territorial cohesion and social investments must be guaranteed, according to the report. BBVA shares were flat.

Carnival (CCL) reported fiscal Q2 adjusted earnings on Tuesday of $0.35 per diluted share, up from $0.11 a year earlier and above the FactSet consensus analyst expectation of $0.25. Fiscal Q2 revenue was $6.33 billion, up from $5.78 billion a year ago and above the FactSet consensus of $6.21 billion. For fiscal Q3, the company said it expects adjusted diluted EPS of about $1.30, versus analyst expectations of $1.32. For fiscal 2025, Carnival expects adjusted diluted EPS of about $1.97, up from its previous outlook of $1.83 and above the FactSet consensus estimate of $1.88. Carnival shares were up 7.7%.

Paramount Global's ( PARAA ) potential buyer, Skydance Media, is blocking a deal worth $2.5 billion with the creators of "South Park," who have threatened legal action, Bloomberg reported Tuesday, citing a letter from the creators, Trey Parker and Matt Stone. Paramount shares were up 0.2%.