U.S. states launch antitrust probe of big tech, Google ads in focus
Attorneys general from 48 U.S. states, the District of Columbia and Puerto Rico have opened an antitrust probe into big tech companies that focuses on Alphabet’s Google , Texas Attorney General Ken Paxton formally announced on Monday.
Stocks give up early gains, pound hits 6-week high
A gauge of global stocks gave up initial gains on Monday as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.
Apple may spark upgrade rush with new iPhones, tight pricing
Apple Inc could sell as many as 200 million of its latest iPhones from existing users upgrading their older devices and much of that demand will come from China despite an ongoing trade war, several Wall Street analysts said on Monday.
Factbox: Big Tech faces growing number of federal, state probes
Several U.S. state attorneys general are set to launch antitrust probes of large technology companies such as Alphabet’s Google and Facebook amid concerns that the companies have too much power and are harming users and stifling competition.
Tech, healthcare weigh on Wall Street, stimulus hopes flicker
Early gains on Wall Street fizzled out by afternoon on Monday as losses in technology and healthcare stocks overshadowed increased expectations of stimulus from central banks around the world.
Lloyds and Barclays hit by $4 billion insurance mis-selling claims
Lloyds and Barclays on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain’s costliest consumer banking scandal, the mis-selling of payment protection insurance (PPI).
California highway barrier not repaired before fatal Tesla crash
California state transportation officials failed to repair a highway safety device seriously damaged in a high-speed crash 11 days before a fatal collision in March 2018 involving a Tesla in Autopilot mode, the National Transportation Safety Board (NTS…
Elliott Management calls for AT&T shake-up as Trump piles on
Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business.
Pompeo looking forward to completed U.S.-Japan trade deal at U.N. General Assembly
U.S. Secretary of State Mike Pompeo said on Monday he was looking forward to a completed U.S.-Japan trade agreement at the United Nations General Assembly in New York later this month.
British Airways pilots strike grounds 1,700 flights in latest blow to airline
Nearly all British Airways (BA) flights were grounded by its first ever pilots strike on Monday, disrupting the travel plans of thousands of passengers in a dispute over pay.
