Global stocks rallied on Monday, building on gains from their best quarter since 2010, as investors cheered upbeat factory activity data in China and the United States and signs of progress on the U.S.-China trade front.
Oil climbed more than 1 percent with U.S. crude futures hitting a 2019 high on Monday after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade.
Budget airline EasyJet warned on Monday that European travelers were holding off booking their summer holidays for fear of how the Brexit process will end, weakening demand for tickets and prices.
Shares of ride-hailing company Lyft Inc fell as much as 10.5 percent on Monday, below its initial public offering price of $72.
Wall Street surged on Monday as upbeat manufacturing data out of the United States and China, as well as further hints of progress in U.S.-China trade talks helped extend last quarter’s buoyant mood.
Vegetarian burgers may finally be getting the recognition they need to go mainstream. On Monday Burger King and Silicon Valley startup Impossible Foods announced the rollout of the Impossible Whopper in 59 stores in and around St. Louis, Missouri.
Renault has alerted French prosecutors after uncovering suspect payments to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, two sources told Reuters on Monday.
Swedbank’s recent problems with alleged money-laundering has affected trust in the bank, but the situation does not pose a problem to financial stability, the Swedish Financial Supervisory Authority (FSA) said on Monday.
U.S. stocks opened higher on Monday, as a surprise recovery in China factory activity and further signs of progress in the U.S.-China trade talks helped extend last quarter’s upbeat mood.
Kellogg Co said on Monday it would sell some assets including cookie brands Keebler and Famous Amos to Nutella maker Ferrero Group for $1.3 billion, to focus on its core cereal and snacks businesses.
U.S. airlines were back in operation on Monday after a series of system-wide outages delayed flights and fired-up customer complaints on social media.
Home-renting company Airbnb will invest between $100 and $200 million in SoftBank Group-backed Indian hotel start-up OYO, a source with direct knowledge of the matter told Reuters, as it dives deeper into the hotel-booking business.
U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades.
U.S. crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade.
U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades.
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