Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, oil prices were weaker and US equity futures dipped. Asian …

Bloomberg California utilities are warning that they may need to cut power to almost 280,000 homes and businesses to prevent live wires from sparking wildfires as high winds are expected to sweep through the drought-weary state. Edison International’s Southern California Edison said 256,000 customers in six counties near Los Angeles face blackouts within 48 hours due to a forecast of …

Bloomberg They know about the stretched valuations and everything that must go right to keep stocks aloft. And yet rather than shy away from frothy markets, plenty of investors are only now jumping in. The reason, it appears, is how far out of the market they had been prior to the latest and greatest leg of the run-up, the one …