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 selloff in other iPhone component makers and weighing on technology stocks.
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 political risks in Europe, while a drop in Apple shares added pressure to U.S. equities and tech shares.
Cosmetics giant Coty replaces CEO, chairman
Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.
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 , slashed revenue and profit forecasts, citing reduced orders from a major customer.
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 the commodities trader seeks to complete its $3.5 billion debt restructuring, sources with knowledge of the matter said…
Apple, tech sector crushed by weak forecasts
U.S. stocks fell for a third day on Monday, as a slump in Apple Inc shares following weak forecasts from two of its suppliers hit the technology sector.
General Electric CEO Culp says company has too much debt
General Electric Co Chief Executive Officer Larry Culp said on Monday the conglomerate was saddled with too much debt and would urgently sell assets to reduce the indebtedness, sending its shares down as much as 10 percent.
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 to warrant an output cut of 1 million barrels per day next year.
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 early gains from a rebound in oil prices.
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 unpopular movies in exchange for getting blockbuster releases, threatening their profits.
