Unions representing over 10,000 Disney theme park workers have told California Governor Gavin Newsom that the Disneyland Resort in Anaheim, California, can safely reopen when its location moves into the state's "orange tier" of COVID-19 test positivity and adjusted case rate.
Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya's plan to boost output, but hopes for a U.S. fiscal package lent some support.
Global equities treaded water and the dollar slipped on Monday with Wall Street investors staying on the sidelines ahead of company earnings season while record daily coronavirus infections in Europe caused concern.
BMW on Monday said rebounding markets helped the German carmaker to deliver higher-than-expected free cash flow in the automotive segment during the third quarter.
Verizon said on Monday it has struck deals with Microsoft and Nokia to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.
It will be a while before the U.S. economy is fully recovered and before the Federal Reserve will raise interest rates or remove the support it is providing financial markets, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday.
Wall Street's main indexes slipped on Monday as investors worried that they might not see a coronavirus economic stimulus deal before the Nov. 3 presidential election.
OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices.
Russian Energy Minister Alexander Novak said on Monday the oil market will likely see more uncertainty in winter when demand for fuel typically declines.
U.S. pharmacy chain CVS Health Corp on Monday said it will hire 15,000 employees in the fourth quarter of this year as the onset of winter could fuel a resurgence in the spread of COVID-19 and flu cases.
