Author: super@dmin
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Market Snapshot: Global stocks advance with U.S. exchanges shut as traders wait for earnings reports
Global stocks rose as U.S. futures were steady Monday, as investors focused on upcoming corporate earnings and rising interest rates as U.S. exchanges were shut in observance of the Martin Luther King Jr. holiday.
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: The world’s richest 10 men doubled their fortunes to $1.5 trillion during the pandemic, says Oxfam
The uber-wealthy broke a record for getting richer during the pandemic, says a new report from Oxfam.
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London Markets: Unilever skids after attempt to snag Glaxo’s consumer-health unit, as FTSE 100 climbs
Unilever shares slumped Monday as the consumer products giant suggested it might increase its offer for GlaxoSmithKline’s consumer health unit.
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: Reversing stance, Amazon says it will keep accepting Visa credit cards in the U.K.
Amazon.com on Monday said it will keep allowing payments in the U.K. using Visa, a reversal of a plan by the online retailing giant to stop using the service.
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: Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds
The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than its employees, a study from leading economists finds.
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Europe Markets: GlaxoSmithKline shares soar after Unilever bids for its consumer healthcare unit
M&A news was greeting an otherwise quiet Monday for European investors with U.S. markets on holiday.
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The New York Post: Two teens arrested in UK in connection to Texas synagogue hostage standoff
Two teenagers in the UK were reportedly arrested Sunday night as part of an investigation into the harrowing hostage-taking of a rabbi and three congregants at a Texas synagogue.
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Dow Jones Newswires: Local Chinese regulator opens probe into a Walmart store over food-safety issues
The Bureau for Market Regulation in the southwestern city of Chengdu on Sunday said it has launched an investigation into the Sam’s Club store in the Jinniu district.
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Dow Jones Newswires: Macau casino stocks jump after new draft law on licenses is less onerous than feared
Macau casino stocks jumped Monday as investors welcomed a new draft law for the industry that was milder than initially feared.
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Dow Jones Newswires: China’s central bank cuts two key rates to support slowing economy
China’s central bank on Monday cut two key interest rates that would likely translate into lower benchmark lending rates, in a bid to provide more support for the slowing economy.