Business & Finance News
Wall Street equity indexes ended a volatile session lower on Monday while oil prices gave up early gains and the dollar rose as investors looked for safety ahead of U.S.-China trade talks.
U.S. stocks eased on Monday as reports on the U.S.-China trade front kept investors cautious ahead of scheduled talks later in the week.
The U.S. Commerce Department will add 28 Chinese public security bureaus and companies – including video surveillance company Hikvision – to a U.S. trade blacklist over the treatment of Uighur Muslims and other predominantly Muslim ethnic minorities, sources briefed on the matter said.
Kroger Co said on Monday it would stop selling e-cigarettes at its stores and fuel centers, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product.
A lawyer for the committee representing wildfire victims in the bankruptcy of PG&E Corp said at a hearing on Monday that the committee sees $13.5 billion as the cost to the power provider for paying claims of the victims.
U.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week.
Oil prices settled lower on Monday, paring earlier gains as hopes of a comprehensive U.S.-China trade deal faded and a new poll showed analysts expected U.S. oil crude inventories to have risen last week.
Kroger Co said on Monday it would stop selling e-cigarettes at its stores, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product.
Oil prices jumped on Monday as supply issues took center stage following a week of sharp losses, while stocks and the dollar drifted higher with eyes on the upcoming Sino-U.S. trade talks.
Airbus said in a statement on Monday it had booked 303 gross and 127 net orders between January and September of this year.
A surprise $1.9 billion investment by Delta Air Lines in LATAM Airlines Group is likely to fire up competition in South America as the weakest U.S. carrier in the region joins up with the strongest homegrown player.
Thyssenkrupp is slashing some administrative jobs to cut down on the more than 2 billion euros ($2.2 billion) of costs it incurs in that field each year, two people familiar with the matter told Reuters on Monday.
The board of Nissan Motor Co will meet on Tuesday as a split has emerged over the scandal-hit automaker’s next CEO, putting the head of the nominations committee at odds with an influential executive, people familiar with the matter said.
U.S. stocks erased early losses to trade flat on Monday, as comments from White House economic adviser Larry Kudlow calmed nerves over the outcome of this week’s high-level trade talks with China, with the Nasdaq also boosted by chipmaker Nvidia.
Oil prices jumped on Monday as supply issues took center stage following a week of sharp losses, while stocks and the dollar were little changed with eyes on the upcoming Sino-U.S. trade talks.
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