Wall St. dips amid U.S. protests, China tensions
U.S. stocks opened lower on Monday after a strong showing last month, as investors turned cautious amid country-wide protests over race and a flare-up in tensions between Washington and Beijing.
U.S. stocks opened lower on Monday after a strong showing last month, as investors turned cautious amid country-wide protests over race and a flare-up in tensions between Washington and Beijing.
Facebook Inc and Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
Fiat Chrysler said on Monday it planned to list its robot-making unit Comau and had appointed Paolo Carmassi as the company's new chief executive for the purpose.
Brazilian planemaker Embraer SA said on Monday that it expects to sign new strategic partnerships in the future, after Boeing Co abruptly canceled a deal in April to take over the company's commercial jet division.
The recent economic downturn has prompted more workers to question whether they will retire comfortably, according to a survey. And they're more likely to dip into those savings to cover near-term expenses.
Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralyzed by the coronavirus pandemic and bring in much needed cash.
Nasdaq Inc said it postponed Monday's planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody.
Brazil's Embraer SA said on Monday that China and India could be potential new partners, following a Reuters report last week that said those two countries as well as Russia were interested in the planemaker's commercial jets division.
Shares of Pfizer Inc fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker's breast cancer treatment was unlikely to meet the main goal of a late-stage study.
World stocks hovered near three-month highs and safe-haven government bonds inched lower as signs that Europe's economic downturn has bottomed boosted risk appetite, despite worries over violent protests in the United States and unease over Washington's standoff with Beijing.
After being pushed back from May, amid extreme global uncertainty, June 1 is National College Decision Day, the deadline for high school seniors to choose which college they will attend in September.
U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis.
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Nasdaq Inc said it postponed Monday's planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody.
U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing.