Monday, 2 April 2018

Daily Investor Update: Wall Street gives up 2018 gains amid tech selloff, trade fears

Wall Street gives up 2018 gains amid tech selloff, trade fears

NEW YORK (Reuters) - Wall Street shares nosedived on Monday, with the Dow falling to its lowest level of the year and the S&P 500 and Nasdaq each poised for the biggest daily percentage drop since February 8, as investors fled technology stocks and trade war fears were stoked anew.

Apple plans to replace Intel chips in Macs with its own: 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.

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.

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.

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, April 2 (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.

Dollars eases on China tariffs, U.S. stocks tumble

NEW YORK (Reuters) - The dollar slid on Monday as China raised tariffs on U.S. goods in an escalating spat between the world's two biggest economies, and stocks on Wall Street tumbled, led by a rout in technology shares, after U.S. President Donald Trump again attacked Amazon.com.

Instant View: Stocks tumble, led by tech pullback and trade fears

NEW YORK (Reuters) - U.S. benchmark stock indexes fell sharply on Monday, undermined by weakness in the technology sector while a growing trade dispute with China has investors pulling back on concerns over economic growth.

Transcontinental beefs up packaging business with $1.32 billion Coveris deal

(Reuters) - Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion) as the Canadian publisher looks to join other top North American companies in the flexible packaging space.

Walmart opens first small high-tech supermarket in China

BEIJING/NEW YORK (Reuters) - Walmart Inc has opened its first small high-tech supermarket in China, where smartphones can be used to pay for items that are mostly available on the U.S. retailer's store on Chinese online marketplace JD.com, it said on Monday.

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