U.S. services sector activity jumps to 12-1/2-year high
WASHINGTON (Reuters) – U.S. services sector activity raced to a near 12-1/2-year high in January, buoyed by robust growth in new orders, the latest sign of strong momentum in the economy at the start of the year.
Lawmakers, advocates urge Trump administration to resume Equifax probe
WASHINGTON (Reuters) – Consumer advocates on Monday urged the Trump administration to resume an investigation into how Equifax failed to protect the personal data of millions of consumers after Reuters reported the head of the U.S. consumer watchdog ha…
Belgian business urges Lufthansa not to merge Brussels Airlines with Eurowings
BRUSSELS (Reuters) – Nearly 100 Belgian companies called on Monday for Germany’s Lufthansa to keep Brussels Airlines based in Belgium and not to merge it with Eurowings, as the German carrier replaced the Belgian airline’s top management.
Wall Street selloff ebbs as rise in bond yields pauses, tech stocks gain
(Reuters) – U.S. stocks pared losses to trade little changed in late morning trading on Monday as a rise in bond yields paused and technology stocks gained.
Waymo lawyer tells U.S. jury Uber ‘cheating’ on autonomous car secrets
SAN FRANCISCO (Reuters) – Uber was so driven to “win at all costs” in the race to develop self-driving vehicles that it cheated, a Waymo lawyer told a jury on Monday, the opening salvo in a trade-secrets lawsuit between the two technology companies tha…
Qualcomm shares fall as reports say Apple will dump chips
(Reuters) – Qualcomm Inc’s shares fell 3 percent on Monday after two brokerages said Apple Inc might drop the chipmaker in favor of Intel Corp as the supplier for modem chips in its next generation of iPhones.
Wall Street opens lower on rising bond yields, inflation concerns
(Reuters) – U.S. stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns that the Federal Reserve might have to raise interest rates more quickly.
Fed restrictions continue to badger Wells Fargo; U.S. banks down
(Reuters) – Wells Fargo & Co’s shares fell as much as 9.4 percent to $58.05 on Monday, sparking a sector-wide sell off after the Federal Reserve imposed regulatory restrictions on the bank, forcing it to improve its governance and controls in the wake of the sales scandal.
Qualcomm shares falls as report says Apple will dump chips
(Reuters) – Qualcomm Inc shares fell 2 percent on Monday after KGI Securities said Apple Inc might drop the chipmaker in favor of Intel Corp as the supplier for modem chips in its next generation of iPhones.
Bitcoin extends slide with a more than 10 percent fall
LONDON (Reuters) – Bitcoin <BTC=BTSP>, the world’s best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital coins.
