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Stocks gain as oil rises past $70 a barrel; dollar hits strongest level

Bloomberg US stocks extended gains following a rally in Europe and the dollar resumed its winning ways to reach the strongest level this year. Oil rose past $70 a barrel as traders braced for renewed US sanctions on Iran. The S&P 500 advanced for a second day, led by energy and tech stocks. The Stoxx Europe 600 Index climbed, though ...

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1,800% share jump sets Danish firm Ambu up for benchmark status

Bloomberg The best performer in the Stoxx Europe 600 index over the past five years just added to its remarkable share run with the biggest intra-day jump since 2000. Ambu A/S rose 18 percent at one point on Monday. The Danish medical-equipment maker had a “phenomenal” earnings report and could be set for more gains as trading volume makes it ...

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Jack Ma’s finance giant faces a China clampdown

Bloomberg There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of BlackRock thrown in for good measure. Thanks to clever mobile apps and a burgeoning Chinese middle class, Ant oversees ...

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