Wall Street tumbles as Facebook, Alphabet extend slide
U.S. stocks went back into the red on Monday after regulatory fears sent shares of internet giants Alphabet, Facebook and Amazon.com sharply lower, particularly weighing down on the tech-laden Nasdaq.
Nissan would review Renault ties after FCA merger: CEO
Nissan would carry out a “fundamental review” of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday.
Mexico draws red line on asylum in talks to stop Trump tariffs
Mexico on Monday made clear 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 immigra…
Major automakers post U.S. May sales increases
Major automakers on Monday posted higher U.S. new vehicle sales for May, the first increase for 2019 as a strong economy and upbeat consumer sentiment fueled demand.
U.S. factory activity growing at weakest pace since 2016
Growth in U.S. manufacturing activity slowed in May to its weakest pace in over two years as factory managers raised concerns about a trade war between the United States and China, a national survey showed on Monday.
Alphabet shares slide 7% on possible DoJ antitrust probe
Alphabet Inc’s shares fell as much as 7% on Monday following reports that the U.S. Justice Department may investigate Google for hampering competition.
Walmart appoints new head for its startup incubator Store No. 8
Walmart Inc said on Monday it has hired Scott Eckert to run its investment arm and startup incubator, Store No. 8, whose aim is to expand the retailer’s e-commerce business in partnership with retail startups, venture capitalists and entrepreneurs.
FTC to examine how Facebook’s practices affect competition: WSJ
The Federal Trade Commission (FTC) has secured the right to examine how Facebook Inc’s practices affect digital competition, the Wall Street Journal reported on Monday.
Airlines scramble to overcome polluter stigma as ‘flight shame’ movement grows
In Lorna Greenwood’s London home, there is a shelf lined with travel guides. But the 32-year-old mother and former government employment lawyer has given up flying.
Bond yields slip again as flight to safety goes on
A flight to safe-haven assets pushed U.S. Treasury yields to their lowest levels since September 2017 on Monday, while gold hit a 10-week high.
