It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
European equities closed mixed on Monday after talks in Washington over the weekend failed to produce a budget deal, and the deadline to raise the U.S. grew closer.
, although there were signs of improvement on Sunday. Senate Democratic leader Harry Reid said he had a "substantive" and "productive conversation" with Senate Republican leader Mitch McConnell.
The U.S. government needs to raise the debt ceiling before Thursday, October 17 if it is to avoid a sovereign default. As global concerns grow, the head of the International Monetary Fund, Christine Lagarde, said the situation was "very, very concerning" and warned that "creative accounting" was not the solution.
Senator. Bob Corker, R-Tenn., told CNBC that a debt deal was still "very possible" following the talk between Reid and McConnell.
"I've had some good conversations early this morning. It is between Mitch and Harry. And I think people want to see that come to fruition," said Corker, who is a member of the Senate Banking Committee.
President Barack Obama and Vice President Joe Biden are scheduled to meet Congressional leaders at 8 p.m. London time.
In European news, the Eurogroup of finance ministers from the euro zone countries met on Monday to discuss, among other topics, Greece and banking supervision.
In Ireland, the government is preparing to soften its line on austerity for Tuesday's 2014 budget proposals, despite warnings that it would be better to stick to its targets.
Taoiseach (Prime Minister) Enda Kenny triumphantly declared an end to the "era of the bailout" on Saturday. He said Ireland would become the first euro zone country to exit its bailout, and it may even do so without a financing backstop from the rest of Europe.
(Read More: )
Meanwhile, the Ernst and Young ITEM Club said in a new report on Monday that the U.K. government's "Help to Buy" mortgage guarantee scheme would lead to a rapid improvement in prospects for the housing market, and added that fears of a housing bubble were unfounded.
(Read More: )
Japan and Hong Kong were shut for public holidays on Monday. U.S bond markets were also closed for the Columbus Day holiday.
In stocks news, shares of French car maker closed around 9 percent lower, after reports that the firm was ready to raise 3 billion euros ($4 billion) via a capital hike.
(Read More: Peugeot stock tumbles on rights issue reports)
warned on revenue on Monday, saying it would be sharply lower than expected this year; shares in the French software maker closed provisionally 10.53 percent lower.
shares continued trading higher on Monday, after its conditional trading period started on Friday. Shares were 3 percent higher at £4.69, above an initial offer price of £3.30.
Shares of recruitment agency closed down by 4.95 percent after it corrected its full-year operating profit guidance lower on Monday.
was one of the best European performers, following a JPMorgan upgrade from "neutral" to "overweight". Shares closed up 5.88 percent.
Follow us on Twitter: