November 12, 2018

Nasdaq falls 2 percent as Apple, chip stocks hit by weak forecasts

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 […]
November 12, 2018

Dollar jumps on Europe risks, Fed bets; stocks weaken amid tech nerves

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 […]
November 12, 2018

Oil rises as Saudi Arabia seeks to tackle oversupply

Oil prices rose about 1 percent on Monday, breaking a stretch of losses, after Saudi Arabia said OPEC and its partners believed demand was softening enough […]
November 12, 2018

Apple shares drop after iPhone supplier Lumentum cuts forecast

Apple Inc shares fell to their lowest in more than three months on Monday as the main supplier for its Face ID technology, Lumentum Holdings Inc […]
November 12, 2018

Cosmetics giant Coty replaces CEO, chairman

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant spooked investors by saying it was grappling with supply chain […]
November 12, 2018

Noble Group to name former Morgan Stanley banker as next chairman: sources

Noble Group Ltd is set to appoint Ian Potter, a former senior banker at Morgan Stanley, as its next chairman in a few weeks, just as […]
November 12, 2018

Wall Street opens lower as Apple drags

U.S. stocks opened lower on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset […]
November 12, 2018

Icahn says VMWare should be worth $300 per share, cites Red Hat deal

Carl Icahn said on Monday VMWare should be worth $300 per share, the activist investor’s latest bid to scuttle Dell’s plan to go public by buying […]
November 12, 2018

U.S. movie theater chains fear Justice Department review may hit profits

U.S. movie theater chains fear that a Justice Department review of little-known mid-century rules may result in studios getting free rein to force them to show […]
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