Sprint, T-Mobile push back deadline to complete merger
T-Mobile US Inc and Sprint Corp on Monday extended the deadline for completing their proposed $26 billion deal to July 29 as the U.S. Justice Department’s Antitrust Division chief said he had not decided whether to approve the transaction.
Airbnb CEO says company will be ready for IPO later this year: CNBC
Airbnb will be ready for an initial public offering later this year, the home-renting company’s chief executive officer told CNBC on Monday.
U.S. consumer spending roars back, but inflation tame
U.S. consumer spending increased by the most in more than 9-1/2 years in March as households stepped up purchases of motor vehicles, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
SEC gets assets frozen over suspected illegal trading in Anadarko
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.
Airbnb CEO says co will be ready for IPO later this year: CNBC
Airbnb will be ready for an initial public offering later this year, the home-renting company’s chief executive officer told CNBC on Monday.
Wall St. gains as soft inflation data supports accommodative Fed
U.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and a benign inflation data underscored the Federal Reserve’s dovish stance on interest rates.
Slowing inflation may lead Fed to cut interest rates: Kudlow
Slowing inflation may lead the Federal Reserve to cut interest rates, White House economic adviser Larry Kudlow said in a television interview on Monday.
SEC obtains asset freeze over suspected illegal trading in Anadarko
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.
Anadarko to negotiate sale to Occidental ‘superior’ to Chevron deal
Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed $33 billion sale to Chevron Corp.
Analyst View: Wall Street teases out records above 2018 highs
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.
