Global investors really want to ditch all the gloom. US stocks kicked off the week with a rally, pushing the S&P 500 above the psychologically important level of 3,000. Details, details: SoftBank is also offering to buy up to $3 billion of stock from existing investors and shareholders. The other option involves a financing package led by JPMorgan, which has pulled together a group of outside investors, according to the Wall Street Journal. On top of that, the consultancy claims another third of global banks have inherently flawed business models.

Source: CNN October 22, 2019 11:25 UTC