Wall Street rebounds as U.S. manufacturing expands in January
Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.
Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.
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.
The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.
Britain will need to adopt EU rules if it wants friction-free trading access to the European single market, which must be protected, French Secretary of State for European Affairs Amelie de Montchalin said on Monday.
British Prime Minister Boris Johnson has pitched two models for his country's trade ties with the European Union after Brexit: a deal based on the EU's accord with Canada, or the basic terms the bloc has with Australia.
Goldman Sachs Group Inc is in advanced talks with Amazon.com Inc to offer small- and medium-sized businesses loans in the United States on the e-commerce giant's lending platform, the Financial Times reported on Monday.
Chinese officials are hoping that the United States will agree to flexibility on some promises in the Phase 1 trade deal as China deals with the outbreak of coronavirus, a Bloomberg reporter said https://twitter.com/SalehaMohsin/status/1224348944043560962?s=20 in a tweet on Monday.
The "significant reputational hit" suffered by Boeing's grounded 737 MAX airliner will have to be reflected in the compensation the planemaker pays Ryanair , the CEO of Europe's biggest budget airline said on Monday.
Club Med ranked 66 top tourist attractions worldwide to determine which give visitors the best value for money. Some classical sites rank high, while others rated surprisingly low.
U.S. construction spending unexpectedly fell in December, posting its first drop since June, as investment in both private and public projects declined.
Foxconn could see a "big" production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person with direct knowledge of the matter said.
Two thirds of smaller banks typically have only men as executive directors, while lenders with men and women in top roles were likely to be more profitable, the European Union's banking watchdog said on Monday.
Electric cars accounted for a 44.3% share of Norway's new car sales in January, rising from the year but well below the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday.
"Lower growth expectations, lower valuations, and a greater re-investment ratio" mean the concentration could be sustained," Goldman says.
Analysts warn Apple's closure of sales in China may lead to little or no sales in a key market while the country fights the coronavirus.