Monday, 3 June 2019

Daily Investor Update: Deluge of analyst reports on Uber expected after IPO quiet period

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Deluge of analyst reports on Uber expected after IPO quiet period

With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service.

Sephora to shut U.S. stores for diversity training after racial incident

LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices for an hour on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.

Wall Street falls as Facebook, Alphabet, Amazon drag

The three major U.S. stock indexes declined on Monday on weaker-than-expected economic data, while shares of Alphabet, Facebook and Amazon.com fell sharply on fears the companies are the targets of U.S. government antitrust regulators, putting pressure on the tech-laden Nasdaq.

Mexico draws asylum red line ahead of talks about Trump's tariffs

Mexico on Monday said it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.

Apple dips on news of DoJ antitrust probe

Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe.

Apple challenges Google, Facebook for web login, touts privacy 

Apple Inc on Monday launched a "Sign In With Apple" function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users' information.

U.S. moving toward major antitrust probe of tech giants

The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world's largest companies.

Bond yields ease again as flight to safety continues

A flight to safe-haven assets pushed U.S. Treasury yields to their lowest since September 2017 on Monday, while gold prices jumped more than 1%.

French demands challenge FCA-Renault deal push

Talks on Fiat Chrysler's proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker's management and French assets, sources told Reuters.

Reeling from tariff threat, Mexico begins immigration talks in Washington

Fighting to stave off punitive tariffs announced by U.S. President Donald Trump, a senior Mexican delegation was set to begin high level talks on Monday in Washington, where it will be pushed to do more to hold back Central American migrants.

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