U.S. bans transactions with Venezuela’s digital currency: White House
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Madu…
Wall Street ends lower led by Facebook tumble
NEW YORK (Reuters) – U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.
Tech stocks wobble in U.S.; some investors worry party is ending
SAN FRANCISCO (Reuters) – A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks’ market leadership would last.
U.S. retailers, shoe companies urge Trump not to hit China with tariffs
WASHINGTON (Reuters) – Retailers and shoemakers continued to sound alarms on Monday about their concerns that President Donald Trump’s plan to impose sweeping tariffs on imported goods from China will result in higher consumer prices.
McDonald’s proposes settlement in U.S. labor board case: source
(Reuters) – McDonald’s Corp said on Monday it had agreed to settle a U.S. labor board case on whether the company is accountable for its franchisees’ alleged labor law violations, according to a source involved in the case.
U.S. judge declares mistrial in trial of ex-Georgeson employees
BOSTON (Reuters) – A federal judge on Monday declared a mistrial in the case of four former employees of a firm that advises companies on shareholder votes charged with participating in a scheme to pay bribes to learn how a proxy adviser’s clients vote…
Judge weighs what evidence U.S. can use to block AT&T, Time Warner merger
WASHINGTON (Reuters) – AT&T Inc sought to persuade a judge on Monday to throw out evidence the government seeks to use in a trial that begins this week to show that the company’s $85 billion acquisition of Time Warner Inc would harm consumers and competitors.
Woman dies in Arizona after being hit by Uber self-driving SUV
TEMPE, Ariz./SAN FRANCISCO (Reuters) – A woman crossing a street was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, prompting the ride services company to suspend its autonomous vehicle program.
Wall Street sinks as Facebook-led tech selloff deepens
(Reuters) – U.S. stocks sank about 2 percent on Monday, with the Dow Jones Industrial Average shedding nearly 400 points, as Facebook led a selloff in technology stocks on reports that the social media company’s user information was misused.
ADM restructures business groups as grain margins falter
CHICAGO (Reuters) – Archer Daniels Midland Co said on Monday that it would restructure its business units, as the U.S. agricultural merchant seeks ways to remain competitive in the face of persistent tight margins in the global grains sector.
