Tesla loses a third of its value for the third time in a year

Tesla Inc's stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker's shares have corrected that dramatically.

Oil settles lower, shrugs off Saudi attack after climbing above $70/bbl

Oil prices settled lower on Monday, retreating from a session peak above $70 a barrel after attacks on oil facilities in Saudi Arabia lifted prices that high for the first time since the COVID-19 pandemic began.

Dow advances as stimulus bill nears finish line

The Dow climbed on Monday, led by stocks poised to benefit the most from an economic rebound as the $1.9 trillion COVID-19 relief bill awaited a final Congressional vote this week, and heavyweight tech-related stocks swung between gains and losses.

Stocks dip as yields hold near one-year high

A gauge of global stocks dipped in choppy trading on Monday as investors eyed the yield on U.S. Treasuries for signs of inflation pressures in the wake of the U.S. Senate's passage of a $1.9 trillion stimulus bill.

GameStop shares surge 53%, other 'meme stocks' rally on stimulus hopes

Shares of GameStop surged as much as 53% and other so-called meme stocks rallied, lifted by the latest news from the video game retailer and expectations that investors may soon plow a fresh wave of stimulus checks into the equity market.

Canada weighs tighter rules for grow-your-own pot producers

Canada on Monday launched a public consultation seeking to tighten rules for individuals who are allowed to grow their own medical cannabis, in an effort to clamp down on pot seeping into black markets.

Apollo Global to buy insurance affiliate Athene for $11 billion

Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turn it into one of the world's largest corporate credit investors.

Exclusive: Telecom Italia eyes up to 1,300 redundancies in Italy this year - sources

Telecom Italia (TIM) and unions agreed on Monday to cut up to 1,300 jobs in Italy this year through a voluntary scheme, two union sources said, as the country's biggest phone group strives to revamp its business in the COVID-19 crisis.

Tesla loses more than $244 billion in a month as rally fizzles

Shares of Tesla Inc fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $244 billion off the company's market value over the last month.

Stellantis CEO delivers reassuring message on French competitiveness

Carlos Tavares, CEO of Stellantis, told unions on Monday that French plants were competitive within the newly created automotive giant, reassuring workers on their prospects after having sworn not to cut any jobs nor close any plants.

FOREX-Dollar at 3-1/2-month high on firmer yields, U.S. growth

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Updates currency prices, adds analyst comment)

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