Facebook's 6% drop puts it on pace for worst daily decline in 4 years

marketwatch.com • Business

Shares of Facebook Inc. FB, -6.73% are on track to post their worst daily drop in about four years amid concerns about how the social-media giant managed user data. The company's shares were down 6.3% early Monday at $173.43, with a single-session fall of greater than 6.94% representing its worst one-day decline since March 26, 2014, according to FactSet data.

Apple screen plan, Facebook data breach hit technology shares

Stocks Slide in Broad Selloff; Brexit Spurs Pound: Markets Wrap

bloomberg.com • Business

Stocks declined globally on Monday amid a technology selloff and as investors braced for a week packed with risk events, from central bank decisions to a G-20 gathering. Government bonds also fell, while the pound jumped on a Brexit breakthrough.

Susan Repo, who had worked at Tesla for about five years, left to become the chief financial officer of another company

Tesla Treasurer and VP of Finance Leaves the Company

bloomberg.com • Business

Tesla Inc.’s corporate treasurer and vice president of finance has left the electric-car maker, according to a person familiar with the matter.

The sum is one of the largest paydays ever at a publicly traded company

Blackstone Chief Schwarzman Reaped $800 Million in 2017

wsj.com • Business

Blackstone Group LP Chief Executive Stephen Schwarzman took home at least $800 million in 2017, one of the largest paydays ever at a publicly traded company and the latest affirmation of Wall Street’s postcrisis rebound.

he's going to start to define his own views

Three question for the new Federal Reserve chairman

afr.com • Business

The new chairman of the US Federal Reserve, Jay Powell, will this week make his first big appearance in front of the Senate Banking Committee as he presents the semi-annual monetary policy report.

S&P 500 rose 1.6% on Friday, 10-year Treasury yield at 2.87%

Asia Stock Rally Builds as Yen Slips, Bonds Steady: Markets Wrap

bloomberg.com • Business

Asian equities rose, extending a two-week rally in global stocks, after U.S. stocks posted strong gains and Treasury yields steadied. U.S. monetary policy is back in focus in a week that includes two appearances from Federal Reserve Chairman Jerome Powell.

Qualcomm’s response attempts to strike a balance

Qualcomm rejects Broadcom's revised buyout offer, proposes meeting

reuters.com • Business

U.S. semiconductor company Qualcomm Inc (QCOM.O) on Thursday rejected Broadcom Ltd’s (AVGO.O) revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty."

Swooning markets Thursday cost the world’s 500 richest people $93 billion in net worth

Market Tumble Wipes Out Almost $100 Billion From World's Richest

bloomberg.com • Business

Jeff Bezos, the world’s richest person, saw his fortune drop by $5.3 billion to $113.2 billion, according to the Bloomberg Billionaires Index, as his Amazon.com Inc. tumbled 4.7 percent on the day. Berkshire Hathaway Inc. Chairman Warren Buffett ’s wealth dropped $3.5 billion and Facebook Inc.’s Mark Zuckerberg lost $3.4 billion.

Samsung and Qualcomm amend and extend their cross-licensing deal, possibly laying to rest a legal dispute between Qualcomm and Apple

Opinion: Apple loses in Qualcomm-Samsung license agreement

marketwatch.com • Business

Qualcomm thinks it will be a help in its legal battle with Apple and other vendors over licensing disputes. Qualcomm believes the extension of its licensing agreement with Samsung will enable it to lay to rest the combative legal dispute with the iPhone maker and bring along with it a boost in revenue through back-pay and future royalties.

Bank may reduce commercial deposit and trading portfolio

Wells Fargo says impact from Fed sanctions may reach $400 million

marketwatch.com • Business

Wells Fargo WFC, -2.20% is replacing four board members and won’t be able to grow beyond the $1.95 trillion in assets it held at the end of 2017, after agreeing to a consent order with the Federal Reserve on Friday.

a contract for 88 jets worth between C$15 billion ($12.1 billion) and C$19 billion

Deadline looming for Boeing to decide on Canada fighter jet bid

reuters.com • Business

Boeing Co (BA.N) must decide by the end of this week whether to take part in a multi-billion-dollar race to supply Canada with fighter jets, even as the U.S. company’s relationship with Ottawa has soured due to a trade dispute.

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