Major U.S. averages on Monday closed well off their best levels of the day, which included a Nasdaq record, as concerns over the timing and size of fiscal stimulus dented optimism at the start of a week of earning reports from mega-cap companies.
NEW YORK: The world economy is expected to make a modest recovery of 4.7 percent this year after shrinking 4.3 percent in 2020 due to the COVID-19 pandemic: more than double the impact of the global financial crisis in 2009: the United Nations said on Monday. The World Economic...
Canada's BlackBerry Ltd said it was unaware of any reasons for a surge in its share price on Monday that lifted gains to more than 150per cent since the start of January.
Wall Street is abuzz about stock market bubbles as surges in the share prices of some loss-making firms, red-hot public markets and amateur investors chasing stocks at frothy valuations spark fears of a pullback.
Delta Air Lines plans to bring back 400 full-time pilots by this summer, according to a company memo on Monday seen by Reuters.
Household spending rose modestly over the last four months, but consumers' expectations for how much more they'll be able to spend a year from now surged, according to a survey released Monday by the New York Federal Reserve.
Europe is set to lift a 22-month flight ban on the Boeing 737 MAX this week after reviewing submissions by industry experts and whistleblowers, angering relatives of some of the 346 crash victims, who say the move is premature.
Swiss luxury watchmaker Hublot, part of French group LVMH, expects sales to grow 15-20per cent in 2021, driven by China, after a difficult 2020 and a challenging start to the new year, its chief executive said on Monday.
Nasdaq futures jumped on Monday as markets geared up for a busy week of earnings from mega-cap technology companies, against the backdrop of rising hopes for a fiscal package from the Biden administration.
Google employees from across the globe are forming a union alliance, weeks after more than 200 workers at the search engine giant and other units of parent company Alphabet Inc formed a labor union for U.S. and Canadian offices.
