Equities in major markets slipped on Monday, weighed down by Wall Street on trepidation over first-quarter earnings, while crude prices added to last week's gains on concern about Middle East tensions.
United States
Clinton: Unfair that fund managers pay lower tax rate than truckers
Democrat Hillary Clinton blasted executive pay and tax rates for hedge-fund managers on Tuesday, using the first stop of her low-key campaign rollout in Iowa to highlight her promise to help Americans struggling toward economic recovery.
Wall Street ends higher after bounce in oil prices
The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and quarterly earnings reports that topped modest expectations following worries about a strong dollar.
Oil rises on U.S. production dips, Middle East tensions
Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
JPMorgan profit rises as fixed-income trading rebounds
JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.
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Federal Reserve policymakers should not read too much into financial market prices to glean the views of investors on interest rates or inflation because prices are hard to decipher, according to research released Monday by the San Francisco Fed.
The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday.
Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.
U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings.
Activist investor Jana Partners is asking Qualcomm Inc to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker's sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.
More than 400 striking hourly workers represented by the United Steelworkers union (USW) at Lyondell Basell Industries' Houston refinery are scheduled to vote on the company's last, best and final offer on Monday and Tuesday, a local union official said on Sunday.
Nearly a quarter of the world's major copper mines are running in the red, even after producers including Codelco [COBRE.UL] and BHP Billiton engage in their deepest cost-cutting in years, according to a Reuters analysis.
Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.
Apple Inc has approached more than a dozen musicians, including British band Florence and the Machine, in an effort to sign exclusive deals for some of their music to be streamed on Beats, Bloomberg reported, citing people familiar with the matter.
