Monday, 2 April 2018

China hits U.S. goods with tariffs as 'sparks' of trade war fly

China hits U.S. goods with tariffs as 'sparks' of trade war fly

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to U.S. duties on imports of aluminum and steel.

Apple plans to replace Intel chips in Macs with its: Bloomberg

(Reuters) - Apple Inc is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp , Bloomberg reported on Monday, citing people familiar with the matter.

Wall Street tumbles on tech sector, trade worries

NEW YORK (Reuters) - U.S. stocks plunged on Monday as investors fled technology stocks amid resurging trade worries, sending the S&P 500 and the Dow Jones Industrial Average below their 200-day moving averages for the first time since the Brexit vote in June 2016.

Tesla said to make 2,000 Model 3s per week, stock down

(Reuters) - Tesla Inc was reported to be making 2,000 of its Model 3 sedans per week, enough to ease stock market nerves around billionaire Elon Musk's electric carmaker on Monday after a week dominated by news of a crash involving its semi-autonomous autopilot.

Amazon shares fall 6 percent as Trump renews attack

(Reuters) - Shares of Amazon.com Inc fell 6 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.

Silicon Valley, Wall Street taking notes on Spotify debut

NEW YORK (Reuters) - Spotify Technology SA's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash.

DoubleLine's Gundlach says bitcoin leads stock market movements

NEW YORK (Reuters) - Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a "gut feeling" given the recent price movements.

Blockchain executive Amber Baldet to leave JPMorgan

NEW YORK (Reuters) - Amber Baldet, a blockchain program lead at JPMorgan Chase & Co , is leaving the bank to launch her own venture, JPMorgan said on Monday.

Time Warner pressure on cable carriers cited as U.S. fights AT&T deal

WASHINGTON (Reuters) - The Justice Department, seeking to stop AT&T Inc's deal to purchase Time Warner Inc , sought to show how often Time Warner subsidiary Turner would threaten to cut off cable companies to win concessions during contract negotiations.

Hudson's Bay shares drop after security breach at Saks, Lord&Taylor stores

TORONTO (Reuters) - Hudson's Bay shares dropped on Monday after the Canadian department store operator reported security breaches at some of its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor stores on Sunday.

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