June 3, 2019

Nasdaq confirms correction, bond yields fall further

The Nasdaq confirmed it was in a correction on Monday as stocks extended their recent sell-off, and the continued flight to safe-haven assets pushed 10-year U.S. […]
June 3, 2019

Alphabet shares slide 6% on possible DoJ antitrust probe

Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition. Powered by WPeMatico
June 3, 2019

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. Powered by WPeMatico
June 3, 2019

Sephora to shut U.S. stores for diversity training after racial incident

LVMH’s Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices for an hour on Wednesday to conduct diversity training […]
June 3, 2019

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 […]
June 3, 2019

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 […]
June 3, 2019

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 […]
June 3, 2019

Oil prices mixed on Saudi Arabia supply comments, trade fears

Oil futures were little changed on Monday as Saudi Arabia comments indicating OPEC would extend supply cuts supported prices, while concerns that U.S. tariffs on China […]
June 3, 2019

Exclusive: U.S. Justice Dept considering Apple probe: sources

The U.S. Justice Department has jurisdiction for a potential antitrust probe of Apple Inc as part of a broader review of technology companies, two sources told […]
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