 | | | | Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. | | | | | | Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial part of the energy mix even as renewables draw increasing attention. | | | | | | Bitcoin rose nearly 7% on Monday as risk assets rallied after last week's bond rout cooled, with Citi saying the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade. | | | | | | Shares in video game retailer GameStop were up 21.2% as volume spiked late in Monday's session putting pressure on short sellers to cover their bets as investors discussed the so-called Reddit darling stock on social media. | | | | | | Global equities rose and the S&P 500 on Monday was headed for its best day since June 5, with investors taking lower U.S. bond yields in stride as a sweeping $1.9 trillion U.S. coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine spurred enthusiasm. | | | | | | The global co-head of Goldman Sachs Group Inc's asset management arm, Eric Lane, is leaving the bank after more than two decades, according to a memo seen by Reuters on Monday. | | | | | | Johnson & Johnson is waiting on regulatory approval of a new, larger plant operated by contract manufacturer Catalent Inc to begin large-scale U.S. deliveries of its just-authorized COVID-19 vaccine following initial shipments this week, a top J&J executive said on Monday. | | | | | | Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that OPEC may increase global supply following a meeting this week. | | | | | | The S&P 500 surged on Monday and was headed for its biggest one-day gain since June as bond markets calmed after a month-long selloff, while developments on COVID-19 vaccines and fiscal stimulus bolstered expectations of a swift economic recovery. | | | | | | International business travel is not expected to remain permanently depressed, though it will likely recover from the coronavirus pandemic at a slower rate than leisure travel, United Airlines Chief Executive Scott Kirby said on Monday during CERAWeek by IHS Markit. | | | | | | Credit Agricole Italia said on Monday it potentially held 17.7% of Creval as it awaited European Central Bank authorisation to launch its buyout bid. | | | | | |
