 | | | | A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday as investors feared renewed COVID-19 shutdowns and a protracted economic recovery. | | | | | | IBM (IBM.N) reported second-quarter revenue on Monday that beat analysts' estimates, as a recovery in client spending powered strong growth in its cloud and consulting businesses. | | | | | | Twenty-three days in a Rio de Janeiro jail and getting stripped of his chief executive role were enough to make billionaire banker Andre Esteves consider leaving both Brazil and BTG Pactual , the investment bank he founded. | | | | | | The U.S. recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after thestart of a sharp drop in economic activity in March of that year, the U.S. Business Cycle Dating Committee announced Monday. | | | | | | The Dow and the S&P 500 indexes sank more than 2% on Monday as investors sold off economically sensitive shares and travel stocks and sought the perceived safety of bonds on fears that a spike in COVID-19 cases would derail a broader economic recovery. | | | | | | Tiffany & Co has settled its more than eight-year-old lawsuit accusing Costco Wholesale Corp (COST.O) of trademark infringement and counterfeiting for selling generic diamond engagement rings bearing the "Tiffany" name. | | | | | | Oil slumped $5 a barrel on Monday, closing out its worst day since March, after an OPEC+ agreement to boost output stoked fears of a surplus just as rising COVID-19 infections once again threaten demand. | | | | | | Office space provider IWG (IWG.L) is set to open eight new shared-office centres in locations including London and New York, five of which were previously operated by its U.S.-based rival WeWork, as it seeks to meet the growing need for flexible work spaces. | | | | | | American ice-cream brand Ben & Jerry's on Monday said it would stop marketing its products in the occupied Palestinian territories, bowing to Palestinian pressure campaigns and saying that selling there was "inconsistent" with company values. | | | | | | Stocks on Wall Street fell around 2% on Monday, as a rise in worldwide coronavirus cases and deaths drove investors away from risky assets, crushing bond yields and share prices. | | | | | |
