Business & Finance News
Wall Street ended Monday’s volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.
A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.S.-China trade spat, but was off early lows as U.S. stocks turned positive.
U.S. stocks ended a volatile session slightly higher on Monday, helped by gains in technology shares, though uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.
The Federal Reserve’s plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction.
Fast-food group Restaurant Brands New Zealand Ltd inked a deal to expand “Tex-Mex” food chain Taco Bell’s brand in New Zealand and in Australia’s New South Wales, the company said on Tuesday.
Fast-food group Restaurant Brands New Zealand Ltd on Tuesday said it had reached an agreement with Taco Bell Restaurants Asia PTE to expand the Taco Bell brand in New Zealand and Australia.
Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve.
A Canadian provincial court in Vancouver on Monday weighed whether to grant bail in an extradition case to a top executive of China’s Huawei Technologies [HWT.UL] following her arrest at the request of the United States.
The S&P 500 turned positive on Monday afternoon with help from technology stocks in a volatile session as investors remained worried about global growth, the U.S.-China trade war and uncertainty over Britain’s exit from the European Union.
Bayer Chief Executive Werner Baumann said on Monday he has not had any contact with Elliott Management, following a Reuters report which said the U.S.-based activist investor had taken a position in the German pharmaceuticals giant.
A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth, but rebounded from an initial drop as Apple Inc shares recovered.
Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the sale of several older Apple Inc iPhone models in China due to two patent violations around software features, though Apple said its phones remain available in the country.
A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker.
The S&P 500 is not yet in a bear market, but nearly half of its components are.
Alphabet Inc’s Google said on Monday it would shut down its Google+ social media service in April, four months ahead of schedule, after finding a software flaw for the second time this year that allowed partner apps to access its users’ private data.
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