[ad_1] NEW YORK (Reuters) – The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns
Tesla’s Musk says ready for arrest as he reopens California plant against local order
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk on Monday said production was resuming at the company’s primary vehicle factory in California and asked to be the only one arrested as he defied
Exclusive: Brazil bank Banrisul aims to sell card business, close to hiring JPMorgan – sources
[ad_1] SAO PAULO (Reuters) – Brazilian state-controlled bank Banrisul is in talks to sell its card business, as its controlling shareholder, the state of Rio Grande do Sul, struggles with a sharp drop in tax
Argentina extends $65 billion debt deadline as ‘hardball’ talks stoke risk of default
[ad_1] BUENOS AIRES/LONDON/NEW YORK (Reuters) – Argentina will extend negotiations over a $65 billion debt restructuring proposal until May 22, the government said on Monday, setting the stage for tense last-ditch talks as the South
California should do whatever’s needed to help Tesla reopen car factory – Mnuchin
[ad_1] FILE PHOTO: Treasury Secretary Steven Mnuchin addresses the daily coronavirus response briefing as U.S. President Donald Trump listens at the White House in Washington, U.S., April 2, 2020. REUTERS/Tom Brenner/File Photo (Reuters) – California
S&P 500 gains as investors look beyond pandemic to recovery
[ad_1] NEW YORK (Reuters) – The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened
As U.S. meat workers fall sick and supplies dwindle, exports to China soar
[ad_1] CHICAGO (Reuters) – U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and died. Yet the plants have increasingly been exporting
Oil falls on fears of second coronavirus wave
[ad_1] NEW YORK (Reuters) – Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses.
Marriott profit misses as bookings, revenue per room plunge
[ad_1] (Reuters) – U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to coronavirus-led lockdowns that kept a quarter of its hotels closed.
Kuwait joins Saudi move to reduce oil supply in June with 80,000 bpd cut
[ad_1] DUBAI (Reuters) – Kuwait joined Saudi Arabia on Monday in announcing fresh oil production cuts to be implemented in June, state news agency KUNA reported, citing Oil Minister Khaled al-Fadhel. Kuwait will slash production