Business News
U.S. probe of Google’s online ad dominance would appease long suffering rivals, publishers
Ad tech firms and publishers have had to stay in the good graces of Google or risk insolvency.
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Business News
Major automakers post U.S. higher May new vehicle sales
Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand.
Business News
Tech selloff sends Wall St. lower, Nasdaq enters correction
The three major U.S. stock indexes declined on Monday and Nasdaq confirmed it was in a correction, dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators.
Business News
Oil falls as trade worries mount, Saudi comments limit losses
Oil fell on Monday as U.S. trade disputes with Mexico and China deepened concerns about weakening global crude demand, while a slump in equities also weighed on crude futures.
Business News
Wall Street falls as Facebook, Alphabet, Amazon drag
The three major U.S. stock indexes declined on Monday on weaker-than-expected economic data, while shares of Alphabet, Facebook and Amazon.com fell sharply on fears the companies are the targets of U.S. government antitrust regulators, putting pressure on the tech-laden Nasdaq.
Business News
Mexico draws asylum red line ahead of talks about Trump’s tariffs
Mexico on Monday said it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.
Business News
Apple challenges Google, Facebook for web login, touts privacy
Apple Inc on Monday launched a “Sign In With Apple” function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users’ information.
Business News
Deluge of analyst reports on Uber expected after IPO quiet period
With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.
Business News
U.S. moving toward major antitrust probe of tech giants
The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world’s largest companies.
Business News
Bond yields ease again as flight to safety continues
A flight to safe-haven assets pushed U.S. Treasury yields to their lowest since September 2017 on Monday, while gold prices jumped more than 1%.
Business News
Apple dips on news of DoJ antitrust probe
Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe.
Business News
French demands challenge FCA-Renault deal push
Talks on Fiat Chrysler’s proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker’s management and French assets, sources told Reuters.
Business News
Green demands force European brewers to raise their drinks game
European brewers expect they will need to tell more demanding drinkers as much about the environmental impact of a beer as its taste in the next decade as Europe enforces pollution laws.
Business News
FTC wins right for competition probe at Facebook: WSJ
The Federal Trade Commission (FTC) has secured the right to examine how Facebook Inc’s practices affect its digital competition, the Wall Street Journal reported on Monday.
Business News
American Airlines and Qantas win tentative U.S. approval for joint venture
American Airlines Group Inc and Qantas Airways Ltd have been given the U.S. government’s tentative approval to operate a joint venture after a prior effort was rejected in 2016.