U.S. stocks eked out small gains on Monday as investors were wary of making big bets ahead of key central bank meetings on interest rates and waited for earnings from marquee companies including Facebook and Amazon due later this week.
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the CEOs of Intel Corp and Broadcom Inc, to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.
Asked about a media report that said Huawei Technologies Co Ltd [HWT.UL] had secretly built and maintained North Korea’s commercial wireless network, U.S. President Donald Trump said on Monday, “We will have to find out.”
Chief executives from chipmakers Intel and Broadcom will attend a Monday meeting at the White House to discuss Huawei’s blacklisting and other topics, and President Donald Trump is expected to drop in even though the meeting was not on his official schedule, according to two people briefed on the matter.
The S&P 500 index pared early gains to tread water on Monday, as investors awaited key central bank meetings for direction on the path of interest rates and earnings from marquee names including Facebook and Amazon that are set to report this week.
Fitch Ratings lowered its debt outlook for Boeing Co to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
Halliburton Co on Monday beat analysts’ estimates for second-quarter profit as its largest oil-well services unit exceeded expectations, putting the company’s shares on track for the biggest one-day gain in nearly three years.
BP does not expect supply from additional biofuel capacity in Brazil – where it is combining its unit with U.S. grain trader Bunge’s – to replace diesel and gasoline demand, BP’s head of Alternative Energy, Dev Sanyal, told Reuters.
U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor.
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.
U.S. stocks advanced on Monday at the start of a heavy earnings week, while European shares overall were little changed, as investors took heart from potential progress in U.S.-China trade talks and escalating geopolitical tensions sent oil prices higher.
Microsoft Corp agreed to pay about $25.3 million, including an $8.75 million criminal fine, to settle U.S. charges it violated a federal anti-bribery law by making improper payments to government officials in Hungary and other countries.
Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
Fitch Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers.
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