Markets

WASHINGTON :U.S. manufacturing activity slowed slightly in January, while a measure of prices paid by factories for raw materials and other inputs jumped to its highest level in nearly 10 years, strengthening expectations inflation will perk up this year.

Wall Street's main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.

Robinhood raised another US$2.4 billion from shareholders, just days after existing investors pumped in US$1 billion in funding, the online brokerage said in a blogpost on Monday.

Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc's Google to develop new consumer services and modernize internal operations, the companies said on Monday.

Shorting shares in GameStop, the video game retailer at the centre of the ongoing retail trading frenzy, cost hedge funds a total US$12.5 billion over January, data from financial analytics firm Ortex showed on Monday.

Wall Street analysts on Monday gave little credence to the possibility of an Exxon-Chevron mega merger, as news of talks last year between the two largest U.S. oil companies leaked ahead of Exxon's results that are expected to show the company posting its first-ever annual loss.

U.S. manufacturing activity slowed slightly in January, while a measure of prices paid by factories for raw materials and other inputs jumped to its highest level in nearly 10 years, strengthening expectations inflation will perk up this year.

Facebook Inc said in a blog post Monday it will begin rolling out a notification for iPhone users globally about how data is used for personalized ads, in an attempt to get ahead of upcoming Apple Inc privacy changes that Facebook says will hurt its advertising business.

SINGAPORE: Silver broke above US$30 an ounce for the first time since 2013 on Monday (Feb 1) as an army of retail traders stormed into the metal after betting billions of dollars on stocks last week, triggering risks of a multi-asset melt-up in global markets. Organised in online forums...

LONDON: Global shares bounced and silver markets surged on Monday (Feb 1) as retail investors expanded their social media-fuelled battle with Wall Street to drive the precious metal to an eight-year high. Stock markets were roiled last week after a spike in retail demand to buy the stocks most...