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US stocks rise above record in data-rich week; oil slips

Bloomberg US stocks rose above their record high at the start of a week packed with data that will provide clues on global economic growth. Treasury yields and the dollar climbed, while oil fell. Financial and industrial companies led gains in the S&P 500 Index as traders also awaited earnings reports from giants including Alphabet Inc, General Motors Co and ...

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China stocks retreat after worst week vs world since 2016

Bloomberg This year’s rally in Chinese shares is threatening to unravel almost as quickly as it began. The Shanghai Composite Index fell 0.8 percent and ended the session below its 50-day moving average. That follows its 5.6 percent slump, the worst performance versus global equities since early 2016. The ChiNext Index dropped 2.6 percent. China was the best place in ...

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Deutsche Bank slashes revenue outlook as merger talks collapse

Bloomberg Deutsche Bank AG cut its outlook for full-year revenue after suffering its ninth straight quarter of contraction, underscoring the need to put Europe’s largest investment bank on a stronger footing following the collapse of merger talks with Commerzbank AG. The bank said it expects business to be flat this year, after previously predicting a slight increase. Income from buying ...

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