U.S. unseals indictments against China’s Huawei and CFO Meng Wanzhou
The U.S. Justice Department unsealed two indictments on Monday against China’s Huawei Technologies Co Ltd, several of its subsidiaries and its chief financial officer Meng Wanzhou, in a pair of cases accusing the company of everything from bank and wir…
Whirlpool full-year profit forecast disappoints, shares fall
U.S. home appliances maker Whirlpool Corp’s forecast full-year adjusted profit below analysts’ expectations, citing a higher tax rate, costs and a strong dollar, sending its shares down nearly 7 percent after the bell on Monday.
China worries slam stocks, rising supply hits oil
Global stock markets tumbled on Monday after Caterpillar and Nvidia Corp warned of weak Chinese demand while oil posted its biggest one-day drop in a month on expectations of growing U.S. crude supply.
U.S. judge to allow controversial evidence in Roundup cancer trials
A federal judge overseeing lawsuits alleging Bayer AG’s glyphosate-based Roundup weed killer causes cancer on Monday tentatively allowed pieces of controversial evidence that the company had hoped to exclude from upcoming trials.
Intel plans to invest $11 billion in new Israeli chip plant: report
U.S. chipmaker Intel plans to spend 40 billion shekels ($10.89 billion) to build a new manufacturing plant in Israel and has asked the Israeli government for a grant amounting to 10 percent of the amount, a local news website reported on Monday.
Vale stock plunges after Brazil disaster; $19 billion in market cap erased
Brazilian miner Vale SA’s shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people less than four years after a similar disaster.
U.S. GDP report likely released next week: White House’s Kudlow
The government report on U.S. gross domestic product, a major measure of the country’s economic health, will be released next week, White House economic adviser Larry Kudlow told reporters on Monday, as federal agencies work to return to normal after a…
U.S. fourth-quarter GDP, December income spending reports delayed
The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) said on Monday it was delaying the release of advance fourth-quarter gross domestic product and December personal income reports scheduled for this week because of the just-ended five-wee…
Wall Street ends lower as Caterpillar, Nvidia warnings weigh
U.S. stocks ended lower on Monday after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of U.S. corporate profits.
Exclusive: Snapchat weighs what was once unthinkable – permanent snaps
Snap Inc is considering changes to its Snapchat app, known for disappearing photos and videos, that could make users’ public posts longer lasting or even permanent, people familiar with the matter said.
