Wall Street’s major indexes fell on Monday, with the S&P 500 sliding 2 percent, weighed by technology and financial stocks as shares of Apple Inc and Goldman Sachs Group Inc came under pressure.
U.S. crude prices fell for the 11th consecutive session, the most on record since the contract began trading, retreating from a rally early in the session as U.S. President Donald Trump said he hoped there would be no oil output reductions.
President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world’s biggest entertainment company.
Wall Street’s major indexes fell on Monday, with the S&P 500 weighed by technology and financial stocks as shares of Apple Inc and Goldman Sachs Group Inc came under pressure.
U.S. crude prices turned negative as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
U.S. crude prices turned negative, reversing course as U.S. President Donald Trump said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting supply next year, citing softening demand.
Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said on Monday.
Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical’s $62 billion takeover of drugmaker Shire , according to documents for the deal published on Monday.
The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while U.S. and European technology shares were hammered.
Apple Inc shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales.
General Electric Co is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much as 10 percent.
Volkswagen could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News.
The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks in general.
The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while a drop in Apple shares added pressure to U.S. equities and tech shares.
General Electric Co Chief Executive Officer Larry Culp said on Monday the conglomerate was saddled with too much debt and would urgently sell assets to reduce the indebtedness, sending its shares down as much as 10 percent.
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