U.S. stocks gain as signs of recovery offset protests, economic worries
Wall Street stocks posted modest gains on Monday as signs suggesting the U.S. economy may be on the road to recovery helped soothe jitters over increasingly violent social unrest and rising U.S.-China tensions.
U.S. manufacturing activity crawls off 11-year low
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Oil steady; U.S.-China tensions weigh, possible output cuts support
Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.
Coty names Chairman Harf as CEO to oversee turnaround
Coty Inc said on Monday Peter Harf, chairman of both the company and its top investor JAB Holdings, would return as chief executive officer after nearly two decades to help the cosmetics maker revive its business amid the coronavirus crisis.
‘Lemon’ or not, Trump stuck with Phase 1 China trade deal for now
U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal for now despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase target…
Major Aston Martin shareholder cuts stake in British carmaker
A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday.
U.S. manufacturing activity off 11-year low; construction spending falls
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Wall St. flat as recovery hopes offset U.S. protests, China tensions
U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing.
Oil drops as U.S.-China tension escalates
Oil futures edged lower on Monday as rising U.S.-China tensions weighed on market sentiment, but reports that OPEC and Russia were close to a deal extending output buoyed prices.
Facebook’s Zuckerberg faces employee backlash over Trump protest comments
Facebook employees accusing Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald Trump’s posts took to Twitter to praise the rival social media platform for acting and rebuke their own employer.
