The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
European markets traded cautiously higher Monday after U.S. President Donald Trump announced that proposed tariffs on Mexican imports would be suspended indefinitely.
The pan-European Stoxx 600 edged 0.2% higher during the session, basic resources leading gains with a 1.2% rise while utilities fell 0.7%.
German stocks were closed for a holiday.
Trump pulled back from kickstarting another trade war last week, saying in a Twitter post Sunday that he has "full confidence" that Mexico will crack down on migration from Central America, after the two neighbors reached a consensus. The New York Times reported Saturday that the deal to avert tariffs largely comprised actions Mexico had already agreed to take.
Earlier, stocks in Asia traded higher Monday on the news, Hong Kong's Hang Seng index surging 2.03%, after official Chinese trade data for may beat forecasts and showed an overall trade surplus of $41.65 billion for the month.
U.S. Treasury Secretary Steven Mnuchin, a lead negotiator in trade talks with China, told CNBC on Sunday that Trump will decide whether to implement more tariffs on China after meeting with Chinese President XI Jinping later in June.
G-20 finance leaders on Sunday said that trade and geopolitical tensions have intensified, raising risks to improving global growth, but they stopped short of calling for a resolution of the deepening U.S.-China trade conflict.
Back in Europe, the U.K. has also agreed a preliminary free trade agreement (FTA) with South Korea, which seeks to maintain existing trade arrangements post-Brexit. Meanwhile, Conservative party candidates launched their campaigns to replace Prime Minister Theresa May, who resigned as leader of her party on Friday but will remain Prime Minister until her successor is appointed.
Data released Monday showed that Britain's economy sharply contracted in April after the biggest fall in car production since records began, as manufacturers were unable to reverse closures planned for the country's departure from the European Union.
In corporate news, Reuters reported that Fiat Chrysler (FCA) and Renault are seeking ways to resuscitate their collapsed merger and secure the approval of Renault's alliance partner Nissan. FCA shares jumped 2%, also bolstered after self-driving car software startup Aurora said Sunday it would partner with the company to build autonomous platforms for commercial vehicles.
Renault climbed 2.3% as investors reacted to the merger news, while French Finance Minister Bruno Le Maire told CNBC Monday that the country has a strategy to reinforce a fragile alliance between Renault and Nissan.
In terms of individual stocks, Danish biotech company Novozymes continued to slide. falling 6.7%, while Swiss vacuum manufacturer Vat Group rose 3.9%.