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President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries agreed on at the beginning of the year.

China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company's social entertainment services business, sending its shares down 4.5% in extended trade.

Oklahoma's energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices.

Tesla Inc on Monday told employees at its primary vehicle factory in California to return to work, defying local officials, who said days earlier that the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.

Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.

Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla's headquarters and future programs from the state to Texas or Nevada.

California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is located.

Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.

California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.

The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.

U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to the coronavirus-led lockdowns that kept a quarter of its hotels closed.

U.S. private equity house KKR said on Monday it had acquired a stake of 5.2% in ProSiebenSat.1 Media , becoming the third investor to amass a sizable shareholding in the struggling German broadcaster.

Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.

Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses.

British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.

Britain's smaller companies could be saddled with up to 105 billion pounds ($129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.

Wizz Air needs more details on British plans to quarantine travellers before it can assess their impact after seeing strong demand for the routes it has started operating during the coronavirus crisis, its chief executive told Reuters.

A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the dollar and U.S. Treasuries, edged higher.

Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the U.S.-China Investment Project.

Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.