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3 weeks 4 days ago

Wall Street cuts losses after upbeat manufacturing data

U.S. stocks pared early losses on Monday after a better-than-expected manufacturing survey reinforced confidence in the domestic economy.

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3 weeks 4 days ago

Hundreds of thousands stranded after travel firm Thomas Cook collapses

Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world's oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.

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3 weeks 4 days ago

Cluster of hedge funds set to profit from Thomas Cook failure

The collapse of travel operator Thomas Cook is set to result in a bumper pay day for a clutch of hedge funds who bet the company's share price would fall.

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3 weeks 4 days ago

WeWork bond prices falls after SoftBank questions CEO: MarketAxess

The price of We Company's 7.875% May 2025 junk bond fell 1.1% on Monday morning, MarketAxess data showed, following reports from sources that investor SoftBank Group is exploring ways to replace Adam Neumann as chief executive of the WeWork parent.

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3 weeks 4 days ago

'Absolutely gutted': demise of Thomas Cook wrecks travelers' plans

Holidaymakers hit by the collapse of Thomas Cook , the world's oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two.

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3 weeks 4 days ago

Oil steadies near $64 on hopes of full Saudi output restart

Oil stabilized near $64 a barrel on Monday, after gaining nearly 7% last week, due to prospects of a faster-than-expected full restoration of Saudi oil output and pressured by fresh signs of European economic weakness.

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3 weeks 4 days ago

Wall Street opens lower as U.S.-China trade optimism fades

U.S. stocks opened lower on Monday as investors fretted over progress in Sino-U.S. trade talks and waited for a slew of reports to gauge the health of the domestic economy.

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3 weeks 4 days ago

Shares in Brazilian planemaker Embraer fall more than 1% on EU antitrust probe

Shares in Brazilian planemaker Embraer fell more than 1% at the open on Monday, following a Reuters report that Boeing is set to face a European Union antitrust investigation into its bid for a controlling stake in Embraer's commercial aircraft arm.

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3 weeks 4 days ago

Online banks to take bigger share of U.S. deposit market: Evercore

Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit market, after racking up $95 billion in customer deposits this year with enticing yields on most savings accounts.

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3 weeks 4 days ago

Wall Street set to open lower as U.S.-China trade optimism fades

U.S. stock indexes were set to open slightly lower on Monday as investors were cautious about progress in Sino-U.S. trade talks and waited for a slew of economic reports to gauge the health of the domestic economy.

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