Markets were back to their winning ways Monday with all three major indices closing the day with gains well above 1%.
The Dow Jones Industrial Average rose 1.7%, or 410 points, to 24,600 while the Nasdaq gained 1.56%, or 107 points, to 6,982 and the S&P 500 rose 1.4%, or 36 points, to 2,656.
Vanessa Trump Hospitalized After Opening Envelope Containing White Powder.
Vanessa Trump, the wife of Donald Trump Jr. and daughter-in-law of President Donald Trump, was hospitalized as a precaution Monday after opening an envelope that contained a white powder.
The letter was addressed to Donald Trump Jr., the President's eldest son.
A hazmat crew was called to the couple's Manhattan apartment and the police and Secret Service are investigating the incident.
"The Secret Service and our law enforcement partners in New York City are investigating a suspicious package addressed to one of our protectees received today in New York, New York. This is an active investigation and we cannot comment any further," the Secret Service said in a statement.
Facebook Is Losing young People
2.8 million people under 25 left Facebook (FB) last year, according to a report by eMarketer.
The firm predicted that Facebook would lose 3.4% of users in the 12-17 range in 2017, the first time it ever forecast a decline in users for any age group. But that number was actually 9.9%, or three times more than estimates.
eMarketer believes that Facebook will lose another 2.1 million users under the age of 25 in the U.S. this year.
Amazon Cuts Hundreds of Corporate Jobs
Several hundred Amazon (AMZN) corporate employees will find themselves without jobs, sources told the Seattle Times Monday. In a rare move, the job cuts are focused on the company's consumer retail business.
Amazon just completed a hiring binge that increased its Seattle headcount to more than 40,000 from just 5,000 in 2010.
"As part of our annual planning process, we are making headcount adjustments across the company - small reductions in a couple of places and aggressive hiring in many others," a spokesman told the Times. "For affected employees, we work to find roles in the areas where we are hiring."
Ford Boosts Production of Larger Vehicles to Boost Margins
Ford (F) has struggled to sell vehicles in recent quarters. To combat this, the company announced that it is boosting production of its popular high margin vehicles the Ford Expedition and Lincoln Navigator.
"We can sell every single vehicle we can produce here," Ford global operations president Joe Hinrichs said of the company's Kentucky Truck Plant. "These are high-margin vehicles, so that is very meaningful."
Ford's profit margins were squeezed down to 3.7% in fourth quarter 2017 from 5.7% the year before. The Navigator and Expedition are two of the priciest vehicles Ford manufactures.
Bitcoin Miners Set to Use More Energy in Iceland than Home Owners
The energy needed to mine bitcoin in Iceland will likely exceed the energy use of homes in the country, according to business development manager at energy company Hitaveita Sudurnesja, Johann Snorri Sigurbergsson.
Bitcoin mining involves the process of connecting computers to the global bitcoin network and using them to verify transactions between users of the currency. The process takes a lot of energy to cool down equipment that heats up during mining.
The country of 340,000 has seen an uptick in interest in bitcoin mining as users utilize the naturally windy terrain to cool their equipment.
Uber Mandates 6-Hour Break for U.S. Drivers
Uber has added a feature that will force drivers in the U.S. to be offline for at least 6 hours for every 12 hours of driving time they accumulate. The move is designed to alleviate drowsy driving and driving fatigue.
Drivers will be able to see how long they've been driving through Uber, which will account for factors like time spent waiting at an airport.
"There's definitely a lot of third-party expertise that has gone into our thinking. But it's also that we know how our drivers drive, we know road conditions, so we have baked all that into it as well," said Uber Head of Safety Product Sachin Kansal.
Comcast Is Considering Re-upping Bid for Fox Assets
Reports were that last year's bid for more than $60 billion was rejected due to regulatory concerns.
Comcast could offer to exclude certain assets from the deal in order to convince Fox of the purchase's regulatory viability. Comcast could also decide against another bid, according to Reuters' sources.
These 5 Defense Stocks Will Benefit from New Defense Strategy
On Friday, Congress passed a budget deal that set 2018 military spending at $700 billion, an $80 billion increase over the previous year and the largest budget the Pentagon has ever had. Next year the military budget rises to $716 billion.
The recapitalization of the nuclear triad -- which consists of land-based intercontinental ballistic missiles, strategic bombers, and submarine-launched ballistic missiles -- is expected to cost $1.2 trillion over the next 30 years. This spending will directly benefit General Dynamics Corp. (GD) , Northrup Grumman Corp. (NOC) and Boeing Co. (BA) .
Unilever Takes a Stand Against Websites That 'Create Division'
Consumer goods conglomerate Unilever (UL) has had enough with an internet culture that "creates division" and fails to protect children, so the company is threatening to cut its digital ad spend if things don't improve, Reuters reported.
Chief Marketing Officer of Unilever subsidiaries Ben & Jerry's ice cream and Dove soap, will announce the plan in a speech Monday at the annual Interactive Advertising Bureau conference in California.
If traction is gained in this movement Google (GOOGL) and Facebook (FB) could suffer the most as the two companies took in half of all online ad revenue worldwide in 2017 and more than 60% in the U.S., according to research firm eMarketer.
U.S futures hinted at a strong opening for struggling markets Monday with Dow futures rising 1.38%, indicating an opening 330 points higher while Nasdaq futures indicated an opening 97 points higher and the S&P was looking at a 38 point increase.
Asian markets ended Monday on a mixed note with the Nikkei dropping 2.3% and the Hang Seng declining 0.03%. The Shanghai Composite was able to climb 0.78%.
European markets were showing strength with the CAC 40 rising 1.4%, the DAX climbing 1.7% and the FTSE 100 gaining 1.24% with about four hours left in trading.