U.S. consumer spending rises; income gain smallest in 15 months
U.S. consumer spending rose for a seventh straight month in September, but income recorded its smallest gain in more than a year amid moderate wage growth, suggesting the current pace of spending was unlikely to be sustained.
U.S. October auto sales seen down slightly: consultants
U.S. auto sales likely fell slightly in October from a year earlier, when replacement demand following hurricanes Harvey and Irma boosted business, industry consultants J.D. Power and LMC Automotive said on Monday.
Red Hat jumps, IBM shares dip on cloud mega-merger
IBM Corp’s $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids.
Oil edges lower as economic outlook grows gloomier
Oil prices inched lower on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.
Futures hold on to gains after inflation data
U.S. stock index futures held on to their gains on Monday, after U.S. consumer spending for September rose in line with expectations and income recorded its smallest gain in more than a year, suggesting a moderation in spending in the future.
Europe shares rise, euro falls briefly as sources say Merkel to give up as party chief
European shares climbed and U.S. stock futures erased losses on Monday thanks to encouraging earnings reports, while the euro fell briefly after sources said German Chancellor Angela Merkel would not seek re-election as head of her CDU party.
Baillie Gifford willing to invest more in Tesla: the Times
Baillie Gifford & Co, one of the top shareholders of Tesla Inc , has said it would be willing to inject more cash into the electric carmaker, the Times reported http://bit.ly/2PwSpuu on Monday.
Oil falls as economic outlook grows gloomier
Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.
China’s OnePlus, backed by Qualcomm and T-Mobile, launches smartphone in U.S
A Chinese smartphone company whose high-end products are little known outside a tech-savvy niche entered the U.S. market on Monday with the backing of two key local allies – chipmaking giant Qualcomm and mobile operator T-Mobile US Inc – and no quest…
European stocks bounce back on Italy relief, China growth worries linger
Concern over China’s slowing economy dented U.S. stock futures and kept world stocks under pressure on Monday although European shares climbed thanks to encouraging earnings reports and relief that Italy dodged a ratings downgrade.
