An index of global stock markets climbed to a 21-month high on Monday, boosted by growing hopes for a U.S.-China trade deal and the view that the U.S. Federal Reserve this week will deliver its third interest rate cut for 2019.
The S&P 500 hit a record high on Monday, while the Nasdaq hovered just below its lifetime high touched in late July, as a more conciliatory tone between the United States and China buoyed hopes for a possible trade deal and investors anticipated a rate cut by the Federal Reserve later this week.
If Amazon.com decides to fight the Pentagon's decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next week.
The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by reducing reliance on a Civil War-era law the Obama administration used in the wake of the subprime mortgage crisis to build bad-lending cases against big banks.
A suite of legislation before Congress would expand coverage through Part B to include dental, vision and hearing. Another measure would allow the government to negotiate prices with drugmakers for Medicare Part D prescription coverage.
Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.
Virgin Galactic's leadership expects millions of space tourists will fly in the next decade.
A newly approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments.
Ford Motor Co will cut about 450 jobs at its Oakville assembly plant in Ontario, Canada as the No. 2 U.S. carmaker discontinues production of Ford Flex and Lincoln MKT crossovers, Canada's largest union in the private sector Unifor said https://reut.rs/2pmAPhJ on Monday.
The U.S. telecommunications regulator plans to vote in November to designate Huawei Technologies and ZTE Corp as national security risks, barring their customers from tapping an $8.5 billion government fund to purchase equipment or services, officials said on Monday.The U.S. telecommunications regulator also plans to propose requiring U.S. rural carriers to remove and replace equipment from designated companies. It also plans at its Nov. 19 meeting to vot
Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.
Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday before Congress that the aircraft manufacturer made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters.
Lebanon's central bank governor said on Monday a solution must be found in days to a crisis unleashed by huge protests against the ruling elite, saying this would restore confidence and avoid any future economic collapse.
Lebanon needs a political solution to the country's crisis in days to regain confidence and avert a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday.
Google owner Alphabet Inc has made an offer to acquire U.S. wearable device maker Fitbit Inc , as it eyes a slice of the crowded market for fitness trackers and smartwatches, people familiar with the matter said on Monday.