Amazon.com Inc and Netflix fueled a second straight session of gains on Wall Street on Monday, as the resumption of U.S.-China trade talks helped ease concerns that have pummeled the market in recent months.
An index of world stocks rose on Monday, adding to Friday’s strong gains, on optimism about the outcome of trade talks between Washington and Beijing.
Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets.
The head of Canada’s auto union said on Monday he was set to meet with General Motors Co executives in Detroit on Tuesday to discuss the automaker’s Oshawa, Ontario, assembly plant, scheduled to shut down in December 2019.
Morgan Stanley, Fidelity Investments, Citadel Securities LLC and a host of other financial companies plan to launch a low-cost bourse that will compete with the New York Stock Exchange and Nasdaq.
An index of world stocks rose on Monday, adding to Friday’s strong gains, on optimism about the outcome of trade talks between Washington and Beijing.
SoftBank Corp is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos Inc this year, a much lower amount than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday.
Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer.
Gains in technology and consumer discretionary stocks on Monday helped Wall Street extend Friday’s rally, with the resumption of U.S.-China trade talks easing some of the concerns that had pummeled the market in the second half of 2018.
Dassault Aviation business jet deliveries fell last year while deliveries of the Rafale warplane rose and new orders for both categories were also higher, the French jetmaker said on Monday.
Oil prices climbed more than 2 percent on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets.
U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two largest economies resumed talks in a bid to end their trade dispute.
Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus and Boeing raced to end a relatively quiet year with fresh orders.
The United States and China are likely to reach a good settlement over immediate trade issues while agreement on structural trade issues and enforcement will be harder, U.S. Secretary of Commerce Wilbur Ross said on Monday as U.S.-China trade talks resumed.
PG&E Corp’s shares dived more than 22 percent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a massive charge in the fourth quarter related to potential liabilities from wildfires.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
