Wall Street's main indexes climbed higher on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a crucial Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday.
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.
The Federal Reserve may lower U.S. interest rates to near zero by the spring of 2020 if U.S.-China trade relations deteriorate further and tip the U.S. economy into a recession, according to Morgan Stanley analysts.
Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors girded for developments later in the week from central banks in the United States and elsewhere.
Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its all-new 777X jet, while Airbus targeted the middle of the market with a rival plane.
Pfizer Inc on Monday said it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline of oncology drugs.
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.
Wall Street climbed on Monday, with Facebook, Apple and Amazon leading the way, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Spain on Monday joined a Franco-German project to design a next-generation fighter jet, an initiative touted as key to ensuring Europe can defend itself without depending on allies in an increasingly uncertain world.
Given growth deceleration in FAANG stocks and heightened regulatory scrutiny on big technology companies, Alphabet is better positioned than Facebook, Needham said Monday.
Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby's in a deal worth $3.7 billion, marking the storied art auction house's return to private ownership after 31 years.
A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics, and other consumer goods as the Trump administration prepares 25% tariffs on remaining U.S.-China trade.
Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker's engine supplier revealed a delay affecting its all-new 777X jet, while Airbus targeted the middle of the market with a rival plane.