The biggest one-day rise for the energy sector since January pushed Wall Street higher on an otherwise muted Monday as oil prices climbed after Washington said it will stop giving sanctions waivers to countries that import Iranian crude or condensate.

The Tesla bear camp on Wall Street swelled on Monday after analysts at Evercore downgraded the stock citing demand concerns at the electric car maker amid competition from rivals, an “ageing” line-up and a reduction in tax credits.

Casino, the French retailer, has sold a portfolio of 32 stores to private equity group Apollo Global Management for €470m, the latest deal in an ongoing asset disposal plan as Casino seeks to shore up its financial position and reassure investors.

Luckin Coffee, the Chinese coffee start-up trying to open up more outlets on the mainland than Starbucks, plans to list in the US in what is shaping up as a banner year for US IPOs.

The top legal adviser to Robert Lighthizer, the US trade representative, is leaving the Trump administration at a delicate moment in the negotiations to resolve Washington’s trade dispute with China.

Beyond Meat, a California-based agritech start-up, on Monday said it is aiming to raise as much as $184m with an initial public offering next month that will value it at more than $1bn.

Herman Cain will not be nominated as a governor of the Federal Reserve after he asked for his name to be withdrawn from consideration, Donald Trump has announced.

Donald Trump and the Trump Organization on Monday sued the chairman of a congressional committee investigating the president’s financial affairs, in an attempt to stop the committee getting access to documents from accountants used by Mr Trump and his businesses.

Kimberly-Clark shares were eyeing their biggest one-day jump since the financial crisis as the Kleenex tissues and Huggies nappies maker reported a smaller-than-expected decline in sales and adjusted earnings and stuck with its outlook for the full year.

Kraft Heinz’s chief executive is leaving the food company after a profit warning that shook the global consumer goods industry.

Sales of previously owned homes in the US fell by the most in more than three years in March, signalling the housing market is still trying to regain its footing after the prior year’s slowdown.

Halliburton on Monday called a bottom for the prices charged for oilfield services in North America even as the company reported a drop in revenues for the region.

Brent crude jumped above $74 a barrel on Monday, the highest since November, as the US was primed to announce measures to further curb Iran’s oil exports, putting pressure on global supplies.

Bed Bath & Beyond announced on Monday that two co-founders and five independent directors will leave its board, but that its chief executive will remain, defying calls from a trio of activist investors for his ouster.

Ukraine’s currency climbed the most in two weeks on Monday after exit polls suggested Volodymyr Zelensky was on track to become the country’s next president after a sweeping victory in Sunday’s elections.

Chinese stocks took a beating on Monday amid downward pressure from newly announced initial public offerings worth $1.4bn and a warning on real estate speculation from Beijing.

First-quarter revenue at Huawei rose 39 per cent from the previous year to Rmb179.7bn ($26.8bn), an increase that suggests US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth.

Carlos Ghosn was indicted on a fresh charge on Monday as prosecutors accused the former Nissan chairman of making personal gains by diverting $5m from the Japanese carmaker.

Japan, South Korea, Turkey, India and China will face pressure to eliminate Iranian oil imports as the US eliminates sanctions waivers in an effort to increase pressure on Tehran one year after Washington left the Iran nuclear deal.

Oil climbed to a new five-month high on Monday following a report that the US will stop giving sanctions waivers to countries that import Iranian crude or condensate.

South Korean exports slumped further this month, according to preliminary data, led by a drop in shipments of computer chips. 

The Colombo Stock Exchange will not open at its usual time on Monday following a series of bombings in Sri Lanka on Sunday that killed more than 200 people. 

A rate decision from Turkey, updates on Tesla’s autopilot software, US gross domestic product and a very busy week of earnings await investors after the Easter holiday.

The S&P 500’s attempt to reclaim a record high faltered as the benchmark’s three-week winning streak came to an end.