Global shares edged higher on Monday as the S&P 500 touched an intraday record after a jump in U.S. consumer spending helped offset a weak euro zone sentiment survey and political uncertainty in the wake of Spain’s elections.
The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected fraudulent trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.
Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
The S&P 500 and the Nasdaq edged up to their highest intraday levels ever on Monday after data showed U.S. consumer spending surged in March, but gains in shares remained muted as investors waited for a fresh batch of earnings reports.
Makan Delrahim, the head of the U.S. Justice Department’s Antitrust Division, said on Monday that there had been no decision made on whether to approve the merger of Sprint and T-Mobile but that meetings on the matter continued.
Boeing Co Chief Executive Dennis Muilenburg tried to bolster shareholder confidence in the company on Monday in his first general meeting since two fatal crashes of the 737 MAX triggered the jet’s grounding, lawsuits and investigations.
Amazon’s promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match.
Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm’s growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO).
The S&P 500 and the Nasdaq hit record highs on Monday after data showed U.S. consumer spending surged in March, but gains in shares remained muted as investors waited for a fresh batch of earnings reports.
An influential Hindu nationalist group with close ties to Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) has accused PepsiCo Inc of coercing four Indian farmers who have been sued by the U.S. company for allegedly infringing a patent.
Spotify Technology SA, the world’s leading streaming platform, said on Monday it had hit 100 million paid subscribers as it reported a better-than-expected rise in first-quarter revenue.
The U.S. Supreme Court on Monday asked the Trump administration to offer its views on whether it should hear Google’s bid to end Oracle Corp’s copyright infringement lawsuit involving the Android operating system that runs most of the world’s smartphones.
The S&P 500 hit an all-time high for the first time since late September on Monday, buoyed by upbeat consumer spending data and a largely positive earnings that helped restore investors’ faith in the decade-long bull run.
Boeing Co said on Monday it was making steady progress to certify its grounded 737 MAX jets with a software update and completed a final flight test prior to the certification flight.
The CEO of Scandinavian airline SAS has told negotiators to thrash out what concessions the company could make to end a pilots strike that has disrupted travel plans for hundreds of thousands of passengers.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
