Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each.The Fedread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
Morrison and Trump were expected to discuss a range of issues during a bilateral meeting Friday morning, including the ongoing U.S.-China trade war and the rising tensions in...Politicsread more
Some businesses, mostly small- to mid-sized companies, are providing workers with paid time off to join the Global Climate Strike, while others are shutting down operations...Weather & Natural Disastersread more
FedEx's earnings disappointment and outlook warning earlier this week were a "wake-up call," says the "Mad Money" host.Investingread more
President Trump's criticism of Fed Chairman Jerome Powell has been more public because of Twitter, says economist Alan Blinder.Economyread more
A bipartisan group of senators is urging acting Food and Drug Administration Commissioner Ned Sharpless to immediately pull most e-cigarettes off the market, including market...Health and Scienceread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Stocks in Europe closed sharply higher Monday as investors reacted to news that China will announce a 50 percent cut in car purchase taxes and German Chancellor Angela Merkel plans to step down as party chairman.
The pan-European Stoxx 600 closed 1 percent higher provisionally, with the majority of the sectors trading well above the flatine. Auto stocks pushed higher, up by more than 3 percent. Volkswagen rose 4.5 percent and Daimler jumped 1.7 percent following a report from Bloomberg that China will halve its car purchase tax.
Banks were also among the top performers on the back of strong earnings. HSBC rose 5 percent after reporting a 28 percent increase in pre-tax profit in the third quarter of the year from a year ago. Banco Bpm also rose 5 percent on Monday after S&P Global kept Italy's investment grade though it changed the outlook for negative.
Shares of WPP were once again under pressure, down by 0.6 percent. The stock fell above 10 percent last week after warning that growth in the business is slowing.
Investors kept their focus on politics. In Germany, a local election over the weekend added further pressure on Chancellor Angela Merkel. Her junior coalition partner has given Merkel's party one year to deliver policy results, threatening to end their support otherwise, Reuters reported. In the aftermath of the local vote, Merkel announced that she will not stand for re-election as chair of her Christian Democratic Union (CDU) party.
The U.K.'s finance chief, Philip Hammond, presented new budget plans for the country, in what is supposed to mark the end of years of austerity measures. It will also be the last budget plan before the country leaves the EU next year.