Financial and technology stocks powered the Dow to an all-time high on Monday, and set the S&P and the Nasdaq for their best day in two weeks.
Recent Business News
NEW YORK The U.S. election of Donald Trump has created "considerable" uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday.
WASHINGTON Attorneys for the Justice Department argued to a judge on Monday that health insurer Aetna Inc's planned acquisition of Humana Inc violated antitrust law for its Medicare and Obamacare exchange businesses, kicking off a trial expected to last weeks.
BEIJING/FRANKFURT The sale of Aixtron to Chinese investors could go ahead under new terms if the German semiconductor equipment maker sells its Silicon Valley division separately to get around U.S. objections, analysts said Monday.
LONDON OPEC's oil output set another record high in November ahead of a deal to cut production, a Reuters survey found on Monday, helped by higher Iraqi exports and extra barrels from two nations exempted from cutting supply - Nigeria and Libya.
LONDON Volkswagen launched a new digital business division on Monday to take on services such as Uber , shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.