Wall St. edges higher, boosted by healthcare; Alphabet, Amazon pressure Nasdaq
The S&P 500 and Dow Jones industrials ticked higher on Monday, propped up by healthcare stocks, but steep losses in shares of internet giants Alphabet and Amazon on fears of regulatory risks limited advances and kept the tech-heavy Nasdaq in the red.
Trump tariffs could cost an extra nickel per burrito, says Chipotle
Chipotle Mexican Grill Inc on Monday estimated a $15 million hit from President Donald Trump’s proposed tariffs on Mexican imports, and said it could cover that by raising burrito prices by around 5 cents.
Oil prices steady as Saudi Arabia indicates prolonged supply cuts
Oil prices steadied on Monday, supported by Saudi Arabia’s comments indicating OPEC and its allies would continue to tighten the crude market following deep losses last week.
U.S. transport agency green lights American Airlines Qantas joint venture
The U.S. Transportation Department on Monday said it granted tentative approval to American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture, after a prior effort was rejected by the U.S. government in 2016.
Wall St. dips as regulatory fears hit Alphabet, Amazon
U.S. stocks slipped on Monday as internet giants Alphabet and Amazon tumbled on regulatory concerns, but hopes that the United States would settle its dispute with Mexico helped limit some losses.
Fed advised to talk plainly and carry a big stick ahead of conference
Act quick in a crisis, talk simpler all the time, and do not be afraid of faster inflation.
Toyota, Fiat Chrysler U.S. sales rise in May
Fiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in U.S. sales in May, as a strong economy and upbeat consumer sentiment fueled demand.
Supreme Court rejects insider trading appeal brought by SAC’s Martoma
The U.S. Supreme Court on Monday rejected an appeal by Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, challenging a conviction for insider trading.
Infineon revs up auto business with $10 billion Cypress deal
Germany’s Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, in an expensive move by Europe’s largest chip-maker to expand further in next-generation automobiles and Internet technologies.
U.S. Supreme Court to hear IBM retirement fund dispute
The U.S. Supreme Court on Monday agreed to decide whether managers of a retirement fund for IBM Corp employees that invested in the company’s stock can be sued for failing to disclose that its microelectronics business was overvalued.
