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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. | Video

Recent Business News

Kroger's Fred Meyer plans to phase out firearms business

Kroger Co's Fred Meyer said it would exit its firearms business, two weeks after deciding to stop selling guns and ammunition to buyers under the age of 21.

4:47pm EDT

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

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

United Airlines image bruised after latest round of PR fiascos

NEW YORK United Airlines is struggling to repair its badly bruised public image after the death of a puppy onboard one of its flights reignited public debate about the airline's customer service failures.

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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