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
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
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 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 stocks closed higher on Monday, with market participants looking ahead to a fresh round of U.S.-China trade talks this week.
The pan-European Stoxx 600 closed provisionally up 0.88 percent, with all sectors and major bourses in positive territory.
Banks sat among the best performers Monday, with Italian lenders getting a boost after reports that their capital positions were higher than the levels required by the European Central Bank. Banco BPM rose 7 percent — to the top of the Stoxx 600 — while UBI Banca climbed nearly 3 percent higher.
Looking at individual stocks, Deutsche Post rose after a report suggested Germany could grant the postal services firm with a higher-than-anticipated increase in postage for letters from the summer. Shares of the postal service advanced over 2 percent.
Meanwhile, Britain's Smith & Nephew slumped close to the bottom of the European benchmark after the Financial Times reported the London-listed company was in talks to buy NuVasive. Shares of the medical devices manufacturer fell 3 percent.
On the data front, official figures published Monday showed Britain's economy grew at its slowest pace since 2012 last year. Gross Domestic Product (GDP) growth in the final three months of 2018 slipped to a quarterly rate of 0.2 percent from 0.6 percent in the previous quarter.
The quarterly GDP figures follows a flurry of economic data in recent weeks that suggest businesses and consumers are increasingly nervous about Britain's departure from the European Union next month. Sterling was trading 0.66 percent lower at $1.2862 on the news.
On Wall Street, stocks rose at the open, but later pared gains as investors weighed the possibility of the U.S. and China striking a deal to end the ongoing tariff war.
Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week.
The latest set of trade talks will take place in Beijing from Monday. It comes after discussions in Washington last week concluded without a deal.
Both sides are trying to secure a comprehensive trade agreement ahead of an early March deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. President Donald Trump said last week that he would not meet with Chinese leader Xi Jinping before said deadline.
Escalating tensions between the world's two largest economies have cost both countries billions of dollars and roiled global financial markets.