The main U.S. stock indexes plunged on Monday, weighed down by negative news about Apple and Facebook.
Facebook shares fell by nearly 6 percent in continued fallout from a New York Times report on the social network's aggressive response to criticism over its handling of fake news and other efforts to influence public opinion. Apple shares fell by 5 percent after a Wall Street Journal report that disappointing sales had prompted the company to cut orders for its latest iPhones. Shares of Google-parent Alphabet also fell by 4 percent.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
‘The Taliban delivers yet another brutal blow’Instant Opinion Opinion, comment and editorials of the day
-
Renewables top coal as Trump seeks reversalSpeed Read For the first time, renewable energy sources generated more power than coal, said a new report
-
Prime minister shocks France with resignationSpeed Read French Prime Minister Sebastien Lecornu submitted his government’s resignation after less than a month in office
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
