 | | | | Apparel retailer Gap Inc is weighing options including a potential sale of its China business, Bloomberg reported on Monday, citing people with knowledge of the matter. | | | | | | Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company's market value over the last month. | | | | | | Technology-related shares sold off on Monday in a big downturn that pushed the Nasdaq into corrective territory and offset stocks that rose on hopes the $1.9 trillion COVID-19 relief bill will spur the U.S. economy. | | | | | | The Nasdaq's retreat from its all-time highs last month is now officially considered a correction in a bull market. | | | | | | A gauge of global stocks dipped in choppy trading on Monday as investors eyed the yield on U.S. Treasuries for signs of inflation pressures in the wake of the U.S. Senate's passage of a $1.9 trillion stimulus bill. | | | | | | Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said in its court filing that its largest client, GFG Alliance, had started to default on its debts. | | | | | | Tesla Inc's stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker's shares have corrected that dramatically. | | | | | | Oil prices settled lower on Monday, retreating from a session peak above $70 a barrel after attacks on oil facilities in Saudi Arabia lifted prices that high for the first time since the COVID-19 pandemic began. | | | | | | Shares of GameStop surged as much as 53% and other so-called meme stocks rallied, lifted by the latest news from the video game retailer and expectations that investors may soon plow a fresh wave of stimulus checks into the equity market. | | | | | | Canada on Monday launched a public consultation seeking to tighten rules for individuals who are allowed to grow their own medical cannabis, in an effort to clamp down on pot seeping into black markets. | | | | | |
