 | | | | Walmart Inc said on Monday it has dropped its plans to use roving robots to scan shelves and keep track of inventory, squashing the world's largest retailer's years-long efforts to automate the task. | | | | | | Global equity markets recovered from one-month lows on Monday as robust U.S., China and euro zone factory data offset news of new COVID-19 lockdowns, while the dollar and gold rose on U.S. presidential election jitters. | | | | | | Donald Trump's campaign slogan in 2016 could have been 'build the Wall Street', but a scan across global markets throws up plenty of surprises, especially in the emerging economies that have been in Trump's cross-hairs. | | | | | | The Dow and S&P advanced on Monday while the Nasdaq dipped on the eve of the U.S. presidential election, as investors braced for what could be big market swings after all three indexes notched their biggest weekly decline since March. | | | | | | The CEO of Monte dei Paschi told directors on Monday the bailed-out Italian bank needs 1.5-2.0 billion euros ($1.7-$2.3 billion) in cash to avoid breaching capital requirements in the first quarter of 2021, a source with knowledge of the matter said. | | | | | | Any French involvement in holding up a multi-billion natural gas deal over environmental concerns could damage the country's trade ties with the United States, a Republican Senator has warned in a letter to French President Emmanuel Macron. | | | | | | Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties. | | | | | | Inspire Brands Inc will buy Dunkin' Brands Group Inc for $8.76 billion, the two companies said late on Friday, bringing chains like Arby's and Dunkin' Donuts under the same umbrella in one of the largest restaurant deals. | | | | | | U.S. manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles and food as the COVID-19 pandemic drags on. | | | | | | Progressive groups and investors hope Democratic presidential nominee Joe Biden can win on Tuesday and quickly end Trump administration rules that stifle their ability to pick stocks using environmental, social or governance factors, setting up a renewed fight with corporate groups that backed the changes. | | | | | |
