Shares of Pfizer Inc fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker's breast cancer treatment was unlikely to meet the main goal of a late-stage study.
World stocks hovered near three-month highs and safe-haven government bonds inched lower as signs that Europe's economic downturn has bottomed boosted risk appetite, despite worries over violent protests in the United States and unease over Washington's standoff with Beijing.
After being pushed back from May, amid extreme global uncertainty, June 1 is National College Decision Day, the deadline for high school seniors to choose which college they will attend in September.
U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis.
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Nasdaq Inc said it postponed Monday's planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due to the demonstrations over the death of a black man, George Floyd, in police custody.
U.S. stocks struggled for direction on Monday as investors weighed prospects of a post-pandemic economic recovery against protests across the country over race and an ongoing standoff between Washington and Beijing.
Jim Cramer said on "Squawk on the Street" that Wall Street will be focused on a crucial week for U.S. businesses even as protests have led to curfews and store closures.
Oil futures edged lower on Monday as rising U.S.-China tensions weighed on market sentiment, but reports that OPEC and Russia were close to a deal extending output buoyed prices.
Facebook employees critical of CEO Mark Zuckerberg's decision not to act on President Donald Trump's inflammatory comments about U.S. protests went public on Twitter, praising the rival social media firm for acting and rebuking their own employer.
The pandemic has made many people realize they prefer working from home than traveling to an office every day. Here's how to ask your boss if you can keep it up.
Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market countries and was set to push up their borrowing costs.
Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told Reuters on Monday.
Fiat Chrysler (FCA) said it planned to list robot making business, giving more detail on Monday about the future of Turin-based Comau, which it already planned to spin off.
U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal for now despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people familiar with his administration's deliberations say.