U.S. stock futures fell Monday morning after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal.
is stepping down from the board of a Chinese-backed private equity company and committing to not working for a foreign-owned company if his father, Joe Biden, is elected president in 2020. Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by Trump accusing him of corruption.
. This week is seen as the last in which a deal can be struck ahead of a two-day EU summit starting Thursday. and further sideline the company's founder Adam Neumann. SoftBank already owns one-third of WeWork, but is aiming to invest several billion dollars in additional equity and debt in the company, to take much of Neumann's already diminished voting power. is seeing more defections, as Visa and Mastercard pull out out of their planned participation.
. The union said it will boost strike pay for 48,000 hourly workers by $25 per week to $275 as the walkout continues. for creating an experimental approach to alleviating global poverty. "This year's Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty," the academy said in statement. ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos.
PG&E rejected an offer by the city of San Francisco to buy its power lines and other infrastructure within the city for $2.5 billion. The bankrupt utility said the offer undervalues its assets.
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