Britain’s antitrust regulator on Monday opened up its inquiry into Microsoft’s Activision Blizzard deal for comments as it aims for a final decision by Aug. 29 on a $69 billion takeover it had previously blocked in April.
U.S. share futures treaded cautiously higher on Monday ahead of more large-cap earnings reports, central bank meetings and a key employment report due later this week.
Two U.S. lawmakers who head a committee focused on China on Friday urged the Biden administration to tighten export restrictions on artificial intelligence chips in the wake of industry lobbying to leave the rules unchanged.
The Biden administration on Friday proposed to hike fuel economy standards by 2032 to a fleet-wide average of 58 miles per gallon as it seeks to cut greenhouse gas emissions and reduce fuel use.
Markets have high hopes for a soft landing for the economy, with bonds and equities rallying. Yet a sharp drawdown in the excess savings created by COVID-19 could be a curve ball that slams into bullish sentiment.
Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters poll showed on Monday.
Loews Corp said on Monday its second-quarter profit more than doubled as a jump in investment income cushioned a hit from higher catastrophe losses in its insurance unit, CNA Financial .
Throughout the Federal Reserve’s drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith.
Singapore’s sovereign wealth fund Temasek invested the smallest amount since 2019 during its last fiscal year, as it waited for when pricing got more to its liking. Now, it’s starting to see what it likes.
Chinese electric vehicle maker Zhejiang Leapmotor Technology unveiled on Monday a new platform it developed in-house for making vehicles, which its chief executive said it wants to license to other automakers.
