Sectors News Results

  • Stocks Drop on Coronavirus Uptick, Fading Stimulus Hopes

    U.S. stocks dropped sharply Monday as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. Major indexes opened lower, and the declines accelerated as the morning progressed. All 30 components of the Dow Jones Industrial Average were lower, as were all 11 sectors of the S&P 500..

  • Stocks Drop on Coronavirus Uptick, Fading Stimulus Hopes

    U.S. stocks and oil prices fell Monday as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. The Dow Jones Industrial Average fell 430 points, or 1.6%, the S&P 500 dropped 1.1% and the Nasdaq Composite fell 0.4%. The U.S. reported 60,789 new cases Sunday, down from recent record-setting levels, but up from a week earlier.

  • Stocks Drop on Coronavirus Uptick, Fading Stimulus Hopes

    Stocks and oil prices fell Monday, as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. The S&P 500 dropped 1% in early New York trading. Last week, the broad-market index retreated 0.5%.

  • Stock Futures Drop On Coronavirus Uptick, Fading Stimulus Hopes

    U.S. stock futures and oil prices fell Monday, as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. Futures tied to the S&P 500 dropped 0.9%, pointing to a decline in U.S. markets after the opening bell. Last week, the broad-market index retreated 0.5%.

  • SAP Cuts 2020 Profit, Sales Outlook on Weaker Cloud Performance

    BERLIN-- SAP SE (SAP), the global business software company, cut its profit and sales outlook for the year as the economic impact of the COVID-19 pandemic hit its key businesses and new lockdowns and restrictions forestall a meaningful recovery. The weaker than expected recovery in business travel and related services has hit SAP's cloud-based service business Concur, the company said, adding that it "no longer anticipates a meaningful recovery in SAP Concur business travel-related...

  • Google's Antitrust Woes Seen Helping Microsoft's Bing

    The target of the U.S. government's last major tech antitrust campaign could be the biggest beneficiary of its newest lawsuit. Microsoft Corp.' s Bing search engine is the only major competitor to Google's (GOOG) dominant product, though it has less than 7% of the market. The Justice Department accused the Alphabet Inc. (GOOG) unit of using anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business in an antitrust lawsuit it filed Tuesday.

  • Justice Department Files Long-Awaited Antitrust Suit Against Google -- 3rd Update

    The Justice Department filed a long-expected antitrust lawsuit alleging that Google (GOOG) uses anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business, the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades. The case, filed Tuesday in federal court in Washington, D.C., alleged that the Alphabet Inc. (GOOG) unit maintains its status as gatekeeper to the internet through an...

  • Justice Department Files Long-Awaited Antitrust Suit Against Google -- 2nd Update

    The Justice Department filed a long-awaited antitrust lawsuit Tuesday alleging that Google (GOOG) uses anticompetitive tactics to preserve a monopoly for its flagship search engine and related advertising business, illegally choking off potential competition. The case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond.

  • Justice Department Files Long-Awaited Antitrust Suit Against Google -- Update

    The Justice Department filed an antitrust lawsuit Tuesday alleging that Google (GOOG) engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond.

  • Justice Department to File Long-Awaited Antitrust Suit Against Google

    The Justice Department will file an antitrust lawsuit Tuesday alleging that Google (GOOG) engaged in anticompetitive conduct to preserve monopolies in search and search-advertising that form the cornerstones of its vast conglomerate, according to senior Justice officials. The long-anticipated case, expected to be filed in a Washington, D.C., federal court, will mark the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with...

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