Oil prices were mixed on Monday, supported by Saudi Arabia's move to reduce output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ pact, but pressured by fears of a second wave of coronavirus infections.
Under Armour Inc forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19 pandemic, sending the athletic apparel maker's shares down about 11%.
A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities lower on Monday, while safe- haven assets including the dollar and U.S. Treasuries edged higher.
A Munich court is planning to drop proceedings against British short seller Fraser Perring for suspected manipulation of the share price of German payment processor Wirecard , a court spokesman said on Monday.
Hawkish voices have emerged in China seeking a reevaluation of its Phase 1 trade deal with the United States, with some advisers urging fresh talks, a state-controlled tabloid said, citing sources close to the Chinese government.
Starbucks Corp said on Monday it would begin a phased reopening of 150 of its drive-thru locations and some takeaway-only stores in the United Kingdom as the country eases coronavirus-led restrictions on road travel.
"Whatever the White House is doing for the president and vice president, that's the protocol I want to use for my employees," Mark Cuban told CNBC on Monday.
Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses.
Britain's smaller companies could be saddled with up to 105 billion pounds ($129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.
Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.
Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.
A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the dollar and U.S. Treasuries, edged higher.
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the U.S.-China Investment Project.
Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.
The IRS has moved swiftly over the past four weeks to get checks worth up to $1,200 per individual into Americans' hands. New data show just where that money was dispersed around the country.