Trump again blasts Fed for 'even considering' rate hike
WASHINGTON (Reuters) - President Donald Trump early on Monday again criticized the Federal Reserve for its current series of interest-rate increases, days before the U.S. central bank is expected to push up interest rates again.
Wall Street drops 1 percent as health stocks weigh; Nasdaq erases 2018 gains
(Reuters) - Wall Street slid 1 percent on Monday, led by healthcare stocks after a federal ruling that Obamacare was unconstitutional, with the decline in the market-leading sector further unnerving investors already concerned about slowing global growth.
J&J shares extend losses; company defends Baby Powder as safe
(Reuters) - Shares of Johnson & Johnson
slipped another 2 percent on Monday, extending losses following Friday's Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder.
Healthcare stocks fall as judge rules Obamacare unconstitutional
(Reuters) - Shares of U.S. health insurers, hospitals, and healthcare companies fell on Monday, after a federal judge ruled that Barack Obama's signature healthcare law was unconstitutional.
China, EU lambast United States for miring WTO in crisis
GENEVA (Reuters) - The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees.
U.S. banks quietly pull back from riskiest loans amid recession fears
(Reuters) - As U.S. bank stocks tanked this month over fears of an impending recession, industry executives downplayed concerns to colleagues, analysts and journalists, arguing that the economy is in great shape.
Regulator cautions banks to prepare for Brexit amid uncertainty
FRANKFURT (Reuters) - European banks should prepare themselves and their customers for the risk of an abrupt departure by Britain from the European Union, one of the bloc's top regulators warned on Monday.
Bitcoin climbs above $3,400, headed for biggest daily rise in nearly three weeks
LONDON (Reuters) - Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.
Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe
KUALA LUMPUR (Reuters) - Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank's former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB.
Airbus to boost some pay as Macron urges French firms to tackle crisis
PARIS (Reuters) - Europe's Airbus
is ready to pay a special bonus to its lowest-paid workers after French President Emmanuel Macron called on French companies to help tackle weeks of protests about the cost of living, according to a staff memo.