Facebook vows Libra currency will wait for approval as U.S. airs worries
Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit…
China data steadies stocks as U.S. earnings get underway
A gauge of global stocks rose modestly on Monday after economic data from China came in as expected, but equities on Wall Street slipped on weakness in financials in the wake of Citigroup’s earnings report.
S&P 500 closes flat as earnings season starts
The benchmark S&P 500 index ended little changed in a choppy session on Monday after Citigroup Inc kicked off the second-quarter earnings season with a mixed report.
Oil prices down on dwindling storm impact, Chinese economic data
Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook.
Opioid ‘kingpin’ J&J fueled epidemic, Oklahoma argues at trial’s end
Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S. opioid epidemic in the first trial to result from lawsuits over the crisis.
U.S., Chinese officials to discuss trade in phone call this week: Mnuchin
U.S. Treasury Secretary Steven Mnuchin on Monday told reporters he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.
China data supports stocks as U.S. earnings season begins
A gauge of global stocks edged higher on Monday after economic data from China came in as expected, although stocks on Wall Street slipped as financials showed some weakness in the wake of Citigroup’s earnings report.
Amazon rivals ride on Prime Day marketing as protests unfold
Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales.
Oil prices fall on fading storm impact, Chinese economic data
Oil prices edged lower on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook.
Symantec ends talks to sell to Broadcom over price: sources
Cybersecurity company Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom Inc over price disagreements, people familiar with the matter said on Monday.
