Monday, 5 February 2018

Wall St. plunges, S&P 500 erases 2018's gains

Wall St. plunges, S&P 500 erases 2018's gains

(Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially firming inflation.

A decade after recession, a jump in U.S. states with wage gains

OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) - The kind of pay raises for which American workers have waited years are now here for a broadening swath of the country, according to a Reuters analysis of state-by-state data that suggests falling unemployment has finally begun boosting wages.

Broadcom unveils $121 billion 'best and final' offer for Qualcomm

(Reuters) - Broadcom Ltd made a $121 billion "best and final offer" on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition.

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.

Bitcoin extends slide, falls below $7,000

NEW YORK (Reuters) - Digital currency bitcoin <BTC=BTSP> fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.

Senators urge Trump administration to resume Equifax probe

WASHINGTON (Reuters) - Democratic senators and 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 that the head of the U.S. consumer watchdog has pulled back on the existing probe.

Qualcomm shares fall as reports say Apple may scrap its 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.

At car secrets trial, Uber decries 'conspiracy theory', Waymo says Uber cheats

SAN FRANCISCO (Reuters) - Uber [UBER.UL] was either a cheating competitor willing to break the law to win the race to develop self-driving cars, or the victim of an unproven conspiracy theory stitched together by its main rival, Waymo, jurors heard in opening statements of a trade secrets trial on Monday.

Buffett's BNSF railroad eyes blockchain for shipping freight

NEW YORK (Reuters) - Warren Buffett's railroad is taking a ride on the blockchain.

Lululemon says CEO Potdevin has resigned

TORONTO (Reuters) - Canadian athletic apparel company Lululemon Athletica said on Monday that its Chief Executive Officer Laurent Potdevin had resigned, effective immediately.

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