Wall Street wavers after strong rally, tech stocks struggle
(Reuters) – The S&P 500 and the Dow rose on Tuesday, led by gains in industrial and consumer staple shares, while weakness in technology stocks dragged down the Nasdaq.
Ex-Deutsche Telekom boss favourite to be next Airbus chairman: report
BERLIN (Reuters) – Former Deutsche Telekom chief executive Rene Obermann is the favourite to take over as chairman at European aerospace company Airbus , the Handelsblatt newspaper reported on Tuesday, citing German government and diplomatic sources.
Companies clamp down on crypto ads as regulators play catch-up
LONDON (Reuters) – A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry.
Wall Street rethinks blockchain projects as euphoria meets reality
NEW YORK (Reuters) – Wall Street has been much more excited about the system underpinning bitcoin than the cryptocurrency itself, but the global financial industry has not yet been able to do much with the technology known as blockchain.
Facebook data scandal widens as Canadian company accused of helping target U.S. voters
LONDON (Reuters) – A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a program to target Republican voters in the 2016 U.S. election.
U.S. consumer confidence ebbs, house prices surge
WASHINGTON (Reuters) – U.S. consumer confidence fell from more than a 17-year high in March amid stock market volatility, but households remained upbeat about labor market conditions, which could help to support consumer spending.
Apple tweaks iPad for students but holds price steady
CHICAGO (Reuters) – Apple Inc on Tuesday rolled out a new iPad that works with its Apple Pencil and is aimed at grabbing more of the U.S. education market, but did not cut the price of the tablet despite fierce competition from cheaper laptops.
Wall Street gains on easing trade war tensions
(Reuters) – Wall Street was higher on Tuesday, building on strong gains from the previous session on waning fears of a trade war between the United States and China.
U.S. weighing emergency laws to prevent Chinese takeovers: Bloomberg
(Reuters) – The Trump administration is mulling a crackdown on Chinese investments in technologies that the U.S. considers sensitive by employing a law reserved for national emergencies, among other options, Bloomberg reported, citing people familiar w…
BMW faces U.S. class action lawsuit over emissions
FRANKFURT (Reuters) – German carmaker BMW faces a class-action lawsuit filed in a New Jersey court on Tuesday for alleged emissions cheating on diesel vehicles including its X5 and 330d models.
