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Wall Street drops as regulation worry sinks tech shares

NEW YORK U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.

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Tech stocks wobble in U.S.; some investors worry party is ending

SAN FRANCISCO A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last. | Video

4:04pm EDT

VW to invest $340 million in Tennessee to build new SUV

WASHINGTON Volkswagen AG announced on Monday that it plans to invest $340 million to build a new sport utility vehicle at its Chattanooga, Tennessee, plant in the United States as demand surges for larger vehicles.

6:13pm EDT

Whole Foods calls supplier summit amid Amazon angst

LOS ANGELES/NEW YORK Whole Foods will host a summit beginning Tuesday for up to 200 of its suppliers in its hometown of Austin, Texas, amid anxiety and speculation about how its ongoing business revamp will play out under new owner Amazon.com.

4:45pm EDT

U.S. bans transactions with Venezuela's digital currency: White House

WASHINGTON U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy in the OPEC country.

4:06pm EDT

Dropbox IPO oversubscribed: sources

Cloud storage company Dropbox Inc's initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.

4:58pm EDT


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