U.S.-China trade agreement takes little pressure off Fed to cut rates
A ceasefire in the U.S.-China trade war is doing little to relieve pressure on the Federal Reserve to stimulate the economy.
A ceasefire in the U.S.-China trade war is doing little to relieve pressure on the Federal Reserve to stimulate the economy.
Global stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks at the G20 summit over the weekend, leading investors to bet that a breakthrough between the world's two largest economies would jumpstart global economic growth.
U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.
Gains in technology stocks lifted the S&P 500 to a record high on Monday, powered by growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei.
EU antitrust regulators are set to approve without conditions a $35 billion bid by U.S. financial services provider Fidelity National Information Services Inc (FIS) for payments company Worldpay , people familiar with the matter said on Monday.
Warren Buffett is donating roughly $3.6 billion of Berkshire Hathaway Inc stock to five charities, including the Bill & Melinda Gates Foundation, the biggest contribution in Buffett's plan to give away his fortune.
Global share listings hit their lowest level in three years in the first half of the year, with a slowdown in Europe counteracting a stronger U.S. showing where tech giants Uber and Pinterest made their debuts.
OPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production.
The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil production cuts by nine months, an OPEC delegate said.
Almost half of new cars sold in Norway in the first six months of 2019 were powered by fully electric engines, up from just over a quarter in the same period last year, ensuring the Nordic nation retains its top global ranking in electric vehicle sales.
Education Secretary Betsy DeVos issued the final repeal of an Obama-era rule aimed at holding low-quality education programs accountable by forcing them to prove their graduates were able to repay their loans.
Tensions between the U.S. and China are not escalating but there is still no clear path towards a deal between the world's two biggest economies, according to Morgan Stanley.
The top performers on Monday were semiconductor companies.
Coming from nowhere a few years ago, 118-person XTX Markets has climbed the ranks of electronic market makers, displacing huge institutions.
Many taxpayers see their tax bill drop after marriage. For some, though, it goes up.