 | | | | U.S. stocks dropped more than 1% on Monday, the first trading day of the new year, pulling back after recent gains to record highs, while the U.S. dollar was up slightly. | | | | | | Investors have been weighing a major political unknown since the November election that could ripple through asset prices: control of the Senate. | | | | | | NEW YORK (Reuters) -Shares on Wall Street fell sharply from all-time peaks on the first trading day of the year on Monday, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases. | | | | | | A slew of brokerages initiated coverage of Airbnb Inc and DoorDash Inc on Monday, having high hopes for their revenue growth and supporting eye-popping valuations obtained by both last month in stock market launches. | | | | | | More than 200 employees and contractors at Google parent Alphabet Inc in the United States and Canada have formed a labor union to promote workplace equity and ethical business practices, the group's elected leaders said on Monday. | | | | | | Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire. | | | | | | Slack Technologies Inc said its workplace messaging service was hit by an outage on Monday, disrupting remote work as people returned from the holidays. | | | | | | Ladbrokes owner Entain said on Monday an $11 billion takeover approach from U.S. casino operator MGM Resorts significantly undervalued its business, as companies move to capitalise on an expected boom in U.S. sports betting. | | | | | | McDonald's Corp is hoping 2021 is the year it cracks the crispy chicken sandwich by rolling out three different versions in the United States, the company told Reuters. | | | | | | NEW YORK (Reuters) -McDonald's Corp is hoping 2021 is the year it cracks the crispy chicken sandwich by rolling out three different versions in the United States, as it takes on chains such as Restaurant Brands International's Popeyes for a share of the growing market. | | | | | |
