U.S. stocks climbed on Monday as gains in Amazon and Nike as well as a surprise rebound in U.S. factory activity helped markets attempt a recovery from steep weekly losses due to concerns about the coronavirus epidemic.
Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.
The move to begin making loans to small businesses in the latter stages of a decade-long U.S. economic expansion may increase the risks Goldman is taking on.
The dollar strengthened and a gauge of global stocks jumped, lifted by an unexpected rebound in U.S. manufacturing that helped temper fears that caused stocks overnight in Asia to plunge on the potential impact of the coronavirus in China.
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner.
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.
The European Commission on Monday published a negotiating mandate for EU governments to endorse on Feb. 25 to start talks with Britain on a deal governing post-Brexit relations.
U.S. stocks rose on Monday, with gains in Amazon and technology stocks as well as a surprise rebound in U.S. factory activity helping markets attempt a recovery from steep weekly losses due to concerns over the coronavirus epidemic.
Uber has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company's general manager for Latin America told Reuters on Monday.
The move to begin making loans to small businesses in the latter stages of a decade-long U.S. economic expansion may increase the risks Goldman is taking on.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
U.S. stocks rallied on Monday, helped by gains in heavyweight technology shares and surprise strength in U.S. manufacturing activity, as stocks rebounded after a sharp selloff last week sparked by concerns about fallout from a virus out of China.
Investors betting against Tesla's stock have lost $8.3 billion since the beginning of the year, according to data from S3 Partners.
Loan officers at U.S. banks reported leaving lending standards for businesses and most commercial real estate unchanged in the fourth quarter, a Federal Reserve survey showed on Monday, although they expect to tighten standards for most types of business loans this year.
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.