The Federal Reserve and the Bank of England are both expected to hold interest rates steady at the conclusion of their meetings this week. Ahead of the rate decisions, fund managers and analysts say they […]
Music-streaming service Spotify Technology SA has filed an antitrust complaint in Europe against Apple Inc., a new salvo in the broader battle over how and whether to rein in alleged wrongdoing by tech giants. Spotify’s complaint, filed late Monday to the antitrust arm of the European Union, alleges that Apple in recent years has abused its control over which apps appear in its App Store. The restrictions, Spotify claims, are designed to restrict music-streaming services that compete with Apple’s own Apple Music.
U.S. stock index futures were little changed early Wednesday as investors continued to monitor political and economic uncertainties across the globe. At 6:30 a.m. ET, Dow futures implied an open of less than 5 points. Futures on S&P 500 and Nasdaq were also relatively flat.
Britain said on Wednesday it would eliminate import tariffs on a wide range of goods and avoid a so-called hard border between Ireland and Northern Ireland in the event of a no-deal Brexit. The government announced the moves, which it said would be temporary, ahead of a vote by lawmakers later on Wednesday on whether Britain should leave the European Union without a deal, a prospect that alarms many employers with the scheduled March 29 Brexit date fast approaching.
The backlash against Boeing Co.’s 737 MAX jet escalated Tuesday, with groundings of the new jetliner spreading to Australia, Singapore and Latin America, amplifying the problem the company faces to contain the fallout from Sunday’s Ethiopian Airlines crash.
Boeing Co, the best performing Dow component this year by a wide margin, dropped 6.7 percent after many airlines grounded the company’s new 737 MAX 8 passenger jet. Helping markets gain ground was the heavyweight Dow component’s stock bouncing off its session lows, while the Dow Jones Airlines index reversed course to trade 0.34 percent higher.
U.S. chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox’s Friday close. Shares of Mellanox rose 8.7 percent and Nvidia shares rose about 1 percent in premarket trading.