Container lines expect U.S. import binge to lose steam

Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.

Starbucks, Yum sales likely recovered, but new costs may weigh

U.S. restaurant chains including Starbucks Corp and Taco Bell parent Yum Brands Inc could show a sales recovery as consumers resume normal activities, but higher wages, commodity and COVID-19-related costs will likely weigh on earnings.

Oil drops 3% as virus infections, Libyan oil output rebound

Oil prices fell more than 3% on Monday, extending last week's losses as coronavirus cases continued to surge in the United States and Europe, while Libya's rebound in crude production raised fears of oversupply.

Investors line up for Ant Group's record $34.4 billion IPO

Ant Group Co Ltd is poised to raise up to $34.4 billion in the world's largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite risks of greater scrutiny at home and abroad.

Stocks slide on surging COVID-19 cases, stimulus doubts; dollar rises

Shares fell across the globe on Monday as surging coronavirus cases in Europe and the United States clouded the world economic outlook, giving the U.S. dollar a safe-haven boost.

Holiday shoppers are coming to town with health checklist: survey

Holiday shoppers braving the coronavirus pandemic to buy gifts in person are checking which stores are naughty or nice in terms of public health, a worldwide survey released on Monday showed.

Wall Street tumbles as virus cases soar, stimulus hopes fade

U.S. stocks decline picked pace on Monday afternoon, setting the Dow for its worst day in more than seven weeks, as soaring coronavirus cases and a political deadlock over the fiscal relief bill raised doubts about the fate of the economy recovery.

S&P 500 down more than 2% amid stimulus deadlock

Wall Street's indexes tumbled on Monday, with the S&P 500 on track for its worst day in more than a month, as soaring coronavirus cases and a deadlock in Washington over a fiscal aid bill darkened the economic outlook eight days before the Nov. 3 presidential election.

Spirit cuts purchase price for Bombardier aerostructures unit as COVID-19 hits industry

U.S. aircraft parts maker Spirit AeroSystems said on Monday it reached a deal with Bombardier Inc to cut the cash component of a deal to buy the Canadian planemaker's aerostructures unit by 45% to $275 million as COVID-19 weighed on the aerospace sector.

Stuttgart prosecutors drop investigation into ex-VW boss Winterkorn

Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.

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