Month: July 2018

Fears that monetary policymakers in the U.S. and Japan will scale back support for the economy sent quivers through debt markets on Monday, while U.S. stocks gained ahead of major company earnings reports.

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U.S. stocks rose on Monday as a jump in 10-year bond yields to a month’s high boosted financials and technology stocks rebounded, with investors waiting for earnings from marquee corporations to assess the impact of an escalating U.S.-China trade row.

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U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high.

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Oil prices pulled back in volatile trading on Monday as both crude benchmarks fell after rallying more than $1 a barrel early in the session on escalating tensions between the U.S. and Iran.

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The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday.

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French water and waste group Veolia said in a statement executive committee member Claude Laruelle had been appointed new chief financial officer.

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The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off one-half of its editorial staff, as U.S. newspapers continue to crumple under sharply declining advertising and readership, it said on Monday.

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U.S. stock indexes treaded water on Monday, as gains in financials were offset by losses in Amazon and industrials, as investors waited for earnings reports from marquee corporations to assess the impact of an escalating U.S.-China trade conflict.

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U.S. toymaker Hasbro Inc beat expectations for quarterly profit and revenue on Monday as a jump in Marvel toy sales helped it recover ground lost in last year’s Toys ‘R’ Us bankruptcy, sending its shares up as much as 14 percent.

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One of the main defendants in India’s largest bank fraud case made a court application on Monday for cancellation of an arrest warrant against him, citing fears for his life because of a growing number of mob lynchings in the country.

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JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC , several sources familiar with the matter said.

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