The S&P 500 ticked higher on Monday as gains in healthcare and technology stocks countered losses in financials, while investors kept an eye on new coronavirus cases as several countries ease lockdowns.
California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.
Many Americans want more help from the federal government, and some lawmakers say it is too expensive. Now the Trump administration is reportedly considering letting workers take Social Security benefits early in exchange for reduced payments later.
The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
FT Alphaville | Jemima Kelly | May 11, 2020 Today’s the day that bitcoiners the world over have been waiting for. It’s the day – which only comes around every four years – that the supply of new bitcoins is cut in half. It’s the halvening! (OK yes, some bitcoiners just call it “the halving”,
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.
"Whether you're a small business owner or just trying to help your family," Shark Robert Herjavec said on Friday's episode of ABC's "Shark Tank," "we're here with some advice."
Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.
Tesla Inc on Monday told employees at its primary vehicle factory in California to return to work, defying local officials, who said days earlier that the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.
Many Americans want more help from the federal government, and some lawmakers say it is too expensive. Now the Trump administration is reportedly considering letting workers take Social Security benefits early in exchange for reduced payments later.
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.
California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is located.
Tesla Inc Chief Executive Elon Musk on Monday said production was resuming at the company's primary vehicle factory in California and asked to be the only one arrested as he defied local officials who said the plant should remain closed to curb the spread of the coronavirus.
Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders' expenses with stock not cash, creating a situation that lawyers call an outlier for now but which they said could find traction in tough economic times.