 | | | | The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China. | | | | | | Foreign holdings of Treasuries in June climbed to their highest since February 2020, Treasury Department data showed on Monday. | | | | | | China's Tencent Music Entertainment Group (TME.N) beat expectations for quarterly revenue Monday as its advertising business rebounded and more people subscribed to its music streaming platform. | | | | | | The benchmark S&P 500 hit a record high on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China. | | | | | | T-Mobile US Inc (TMUS.O) on Monday acknowledged a data breach but said it was yet to find if any customer information has been compromised, a day after an online forum alleged that personal data of more than 100 million of its users was leaked. | | | | | | The Nasdaq fell on Monday after weak data on China's economy, but the Dow and S&P 500 were little changed as stocks recovered from steeper losses earlier in the session and investors moved into defensive sectors. | | | | | | U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since May 2020, according to the Energy Information Administration's monthly drilling productivity report on Monday. | | | | | | A federal appeals court on Monday revived nearly 6,000 lawsuits alleging that a widely used device produced by 3M Co to keep surgical patients warm caused them to develop infections. | | | | | | Peloton Interactive Inc (PTON.O) has decided to install U.S. regulator-approved repairs to the touchscreen console on its treadmill starting this month after reports of injuries earlier in the year led to product recalls. | | | | | | PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters. | | | | | |
