These are the stocks posting the largest moves before the bell Monday.Market Insiderread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
The brokerage says that the globe is "one step away" from recession as the world's two largest economies head to the G-20 summit.Marketsread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
A bipartisan team of senators introduced the DASHBOARD Act Monday, which would make social media companies disclose the value of user data.Technologyread more
Trump says he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The prospect of another military conflict in the Middle East prompted international benchmark Brent crude to climb around 5% last week.Energyread more
Here are the biggest calls on Wall Street on MondayInvestingread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Millennial stocks are looking fly this month, and one name could be on the verge of exploding in the next year.Trading Nationread more
Impossible Foods and Beyond Meat, the plant-based protein companies challenging the meat industry, are being embraced by fast-food brands. Is it a marketing fad or the next...Evolveread more
(Adds details of data, context)
BRASILIA, May 30 (Reuters) - Brazil's economy shrank in the first quarter for the first time since 2016, data showed on Thursday, underscoring a deepening malaise in Latin America's largest economy and pushing it closer to a double-dip recession.
Brazil's gross domestic product (GDP) shrank 0.2% from the prior quarter, statistics agency IBGE said, in line with the median estimate in a Reuters poll. The economy grew 0.5% from a year earlier, in line with economists' forecasts.
The contraction piled pressure on President Jair Bolsonaro, who was swept into office in January in part on his market-friendly pledges to boost growth and lift the gloom hanging over the economy since a brutal 2015-16 recession.
A sharp drop in fixed investment, along with declining industrial and agricultural output, was behind the economy's weak performance in the first three months of this year, IBGE said.
The central bank's weekly survey of around 100 financial institutions showed the average estimate for 2019 GDP growth has tumbled to just 1.2% from 2.5% at the start of the year. (Reporting by Jamie McGeever Editing by Brad Haynes, Chizu Nomiyama and Jeffrey Benkoe)