Business & Finance News
Monday’s slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year.
Wall Street retreated on Monday as disappointing U.S. economic data and fresh trade worries dampened investor risk appetite.
The chair of the Federal Communications Commission (FCC) on Monday joined several Democratic senators in urging the cancellation of an auction of wireless spectrum used by U.S. law enforcement agencies because of the costs and difficulty of moving them to alternatives.
Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters.
U.S. factory activity contracted for a fourth straight month in November as new orders slumped back to around their lowest level since 2012, while construction spending fell in October, tempering optimism over the economy that had been fanned by a recent run of upbeat reports.
Cyber Monday sales were on course to bring in a record $9.4 billion, according to early estimates, building on a bumper Black Friday weekend for retailers driven by earlier-than-usual promotions and free shipping.
The head of the Federal Aviation Administration (FAA) will testify on Dec. 11 before a U.S. House panel on the agency’s review of the grounded Boeing 737 MAX, which was involved in two fatal crashes in five months.
A company led by former Honeywell International Inc chief executive David Cote and backed by Goldman Sachs Group Inc is in talks to acquire U.S. backup power equipment firm Vertiv for more than $5 billion, including debt, according to people familiar with the matter.
Roku Inc’s high-flying stock tumbled 15% on Monday after Morgan Stanley downgraded the video streaming company, warning that revenue and profit growth could slow next year.
U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to weigh production curbs.
The United Auto Workers (UAW) union said on Monday it would implement stringent changes to its financial procedures and processes in response to a widening corruption probe from U.S. prosecutors.
U.S. stocks fell on Monday after President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, while weak domestic manufacturing data fanned worries of a slowing economy due to a prolonged trade war with China.
Oil futures gained over 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
The dollar and global stock markets retreated on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, overshadowing data that showed the Chinese and euro zone economies were stabilizing.
The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , underscoring tariffs recently imposed by the United States on European goods.
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