The fallout from the U.S. crackdown on Huawei intensified this week, as trade negotiations between Washington and Beijing reportedly hit a roadblock.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Google has decided to stop licensing its Android operating system to Huawei, in order to comply with a U.S. trade blacklist.Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
European stocks closed lower Monday as traders continued to digest earnings from a slew of corporates.
The pan-European Stoxx 600 closed provisionally 0.3 percent lower with most sectors in the red. Basic resources stocks were under pressure as trade concerns lingered. Europe's tech sector was also on the back foot, down 1.62 percent amid concerns big technology companies are struggling to deliver on earnings. Enterprise software firm Sage was the biggest drag on the sector, down 5.139 percent.
Several analysts claim the agreement reached last week between President Donald Trump and Europe over trade links is vague. Shares of BMW were marginally lower on Monday following news that it is set to become the first major carmaker to hike prices on U.S.-built vehicles it exports to China as the implications of the ongoing global trade war start to trickle through to consumers. The carmaker's stock pared those losses later on in the session.
In other earnings news, Heineken shares dropped to the bottom of the European benchmark, down 6.46 percent, after reporting lower-than-expected results for its second quarter and after cutting its margin outlook.
Hiscox, an underwriter of Lloyd's, rose to the top of the index, up by 7.264 percent. This was after reporting results for its first half of the year that came in above expectations.
On Wall Street, stocks fell as tech shares extended a rout seen in the previous week of trade.
In the latest Brexit-related development, Deutsche Bank has moved nearly half of its euro clearing activities from London to Frankfurt, according to a report from the Financial Times on Sunday. The news fuels Deutsche Boerse's designs to poach business from London Clearing House after the U.K. divorces from the European Union in March.
Newly appointed U.K. Foreign Secretary Jeremy Hunt traveled to China for talks with his counterpart Wang Li on U.K.-China trade relations after Brexit. According to Hunt, Wang made an offer to "open discussions about a possible free trade deal" between the two nations post-Brexit.
Italian Prime Minister Giuseppe Conte is to visit President Donald Trump at the White House on Monday.