Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Apple shares ticked lower Monday after a Reuters report saying the Justice Department is considering a probe of the iPhone maker.
The agency has been given jurisdiction to probe the company's practices as part of a broad review into potential anti-competitive behavior among big tech companies, Reuters reported, citing two sources.
The stock fell nearly 2% following the report, after trading higher earlier in the day. The shares pared losses to end the session 1% down. Apple and its CEO, Tim Cook, presented updates to the company's central software at its annual Worldwide Developers Conference on Monday.
Earlier Monday, the Wall Street Journal reported that the Federal Trade Commission will examine how Facebook's practices affect digital competition. The Washington Post reported over the weekend that Amazon has come under heightened scrutiny by U.S. regulators. And on Friday, the Journal reported that the DOJ is preparing a probe of Google, sending shares of parent company Alphabet down more than 7% at one point Monday, before they regained some ground and ended with a drop of 6.1%
The possible Apple investigation is linked to the Google probe, Reuters reported, and stems from meetings between the DOJ and the FTC.
The headlines together paint a daunting picture for Silicon Valley and the stock market's most valuable companies. Big tech has long faced scrutiny from European regulators, but has so far shrugged off calls for government regulation in the U.S.
Apple has drawn increased criticism in recent months for what some — including streaming giant Spotify — see as anti-competitive behavior in the App Store. Apple owns and operates the online marketplace, collecting subscription fees from developers.
The so-called Apple tax accounts for a sizable percentage of Apple's burgeoning services revenue segment, but draws the ire of developers who, in some cases, compete with Apple's own apps in the store.
Spotify's EU complaint against Apple, filed in March, is pending investigation by European authorities. Apple has said Spotify wants to enjoy the benefits of a free app, without it being free, according to a separate Reuters story on Monday.