Stocks climb on hopes for progress in trade; sterling edges up
Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high.
Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high.
Wall Street rose on Monday on signs of progress in resolving the prolonged U.S.-China trade war, while a second straight session of declines for Boeing pressured the blue-chip Dow index.
President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters on Monday that the trade deal is coming along great.
Colorado became on Monday the second state to drop out of an effort by state attorneys general to stop T-Mobile US Inc's $26 billion merger with Sprint Corp .
Oil prices fell more than 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, prompting renewed concern that a slowing global economy would reduce demand for oil.
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Deutsche Bank AG said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender's sweeping revamp in July, Bloomberg reported on Monday.
Colorado has decided to drop out of an effort by state attorneys general to T-Mobile US's merger with Sprint in exchange for 2,000 jobs, the Colorado attorney general's office said in a statement.
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled against cheaper products from rivals.
PetMed Express soared more than 30% on Monday after the online pet pharmacy said its quarterly profit topped Wall Street's estimates.
Wall Street firms including J.P. Morgan, Barclays and UBS began covering Peloton's stock with bullish forecasts.
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland.
Wall Street kicked off the week on an upbeat note on Monday after the United States and China showed some signs of progress in resolving their trade war, but a fall in Boeing's shares pressured the blue-chip Dow index.
Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.