The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Asian bourses were mixed on Monday, with China markets outperforming the region after a new launch date was announced for an anticipated cross-border trading link.
Mixed Chinese economic data weighed on sentiment. Consumer price inflation remained at a near five-year low last month, easing concerns of deflation risks for the world's second biggest economy. But the wholesale sector stayed entrenched in a deflationary spiral with the producer price index falling by a worse-than-expected 2.2 percent on year.
Over the weekend, data showed Chinese exports rose 11.6 percent in October, above forecasts but slowing from a 15.3 percent jump in September. Imports increased an annual 4.6 percent, pulling back from a 7 percent rise in September.
An uninspiring handover from Wall Street on Friday also capped gains. U.S. stocks finished mixed last Friday after nonfarm payrolls increased by 214,000 last month, less than the 231,000 anticipated, and the jobless rate at 5.8 percent, a six-year low.
China stocks rally
Sentiment in Chinese markets was buoyed by news that the Shanghai-Hong Kong Stock Connect will finally launch on November 17, clearing uncertainty over the start of the program.
The benchmark Shanghai Composite rallied over 1 percent to its highest closing levels since November 2011. Financials were among the biggest gainers; Minsheng Bank climbed over 4 percent andShanghai Pudong Bank finished 3.6 percent higher.
Meanwhile, Hong Kong stocks jumped, with shares of Hong Kong Exchanges and Clearings leading gains by 5 percent following the Stock Connect news.
Nikkei drops 0.6%
Japan's benchmark Nikkei 225 index fell to a one-week low on the back of a stronger currency; the yen strengthened to 114 per dollar, retreating from a seven-year low of 115.6. Investors also digested local media reports that Prime Minister Abe is considering calling a snap election if he delays a second sales tax hike.
Nippon Telegraph and Telephone Corp lost 4 percent after cutting its full-year operating profit.
Airbag maker Takata slumped 17 percent, extending Friday's losses, on reports that the firm suppressed information about airbag defects.
ASX 0.4% lower
Australia's benchmark S&P ASX 200 briefly hit a new two-month high at 5,550 points in early trade before erasing gains.
Uranium stocks were in focus after the metal jumped 5 percent over the weekend on news Japan will reopen two nuclear power plants; Paladin ended over 12 percent higher while Deep Yellow surged 20 percent.
Kospi up 1%
South Korean shares closed at a one-week high following reports that the country reached a free trade agreement with China at the Asia-Pacific Economic Cooperation (APEC) summit.
Nifty dips 0.3%
Indian shares hit a record high of 8,383 points but then reversed gains to crawl below the flat line.