Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
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
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread 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
European markets closed lower by a slim margin Monday afternoon, having spent the day see-sawing above and below the flat line thanks to investor jitters over world trade.
The pan-European Stoxx 600 closed 0.2 percent lower on Monday, with most major bourses and sectors in negative territory.
The basic resources sector slipped the furthest on Monday, ending trade 1.4 percent lower on the back of trade uncertainty.
Europe's chemicals stocks were also among the worst performers, closing down around 1 percent amid merger and acquisition news. Nonetheless, the sector had pared back some losses made earlier on in the afternoon. Linde slumped to the bottom of the sector, amid reports the U.S. Federal Trade Commission (FTC) could demand further concessions in the German industrial gases company's merger with European peer Praxair. Shares of Linde closed 7.5 percent down, though they had been trading lower earlier in the session.
Looking at individual stocks, shares of U.K. office provider IWG tanked around 20 percent on news the company had abandoned takeover discussions with three remaining suitors on Monday.
Elsewhere, HSBC reported an earnings beat, with pre-tax profit up by 4.58 percent year-on-year to $10.712 billion in the first half of 2018. The lender's shares closed 1 percent to the downside, having traded solidly at that level throughout the afternoon.
Stateside, the Dow Jones Industrial Average slipped on Monday as Intel shares led the 30-stock index lower, dropping by 1.1. percent. Looking at other U.S. markets, the S&P 500 rose 0.1 percent, led by utilities and consumer discretionary. The Nasdaq gained 0.2 percent as Facebook rose nearly 2 percent.
Investors continued to monitor the U.S.-Sino trade spat. China's official state-backed newspaper People's Daily hit out at President Donald Trump on Monday amid an escalating war of protectionism between the world's two largest economies. On Friday, China said it was preparing retaliatory measures against U.S. tariffs targeting $60 billion worth of U.S. goods with import duties.
America's European allies will likely be nervous Monday as Washington gears up to re-impose sanctions on Iran that were overturned by an historic nuclear deal in 2015. The duties will affect Iranian products including automobiles and metals.