U.S. stocks post modest gains

This is a China news story, published by CNBC, that relates primarily to Geng Xiaoyun news.

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Summary

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U.S. stocks posted modest gains Monday , the first trading day of June .

China 's factory activity unexpectedly shrank last month in its steepest drop since 2022 .

Tesla ’s sale of new cars in Norway skyrocketed 213% to 2,600 in May from a year earlier .

One fund manager sold Moncler before the stock fell after analyzing the spending patterns of international tourists.

At his restaurant in Beijing , Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or "phoenix talons" as they are called in China — imported from America . " American chicken feet are so beautiful," Geng said. "They're spongy so they taste great. Chinese [chicken] feet just aren't as good." With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu..