Software stocks experience worst selloff in nearly 3 years as tech continues to get beaten up
Software ETF sinks 5.4%, worst day since February 2016 Tech stocks got hammered Monday, leading the broader market lower as the software sector experienced its worst selloff in nearly three years. On Monday, tech stocks were the worst performing sector of the S&P 500 index’s SPX, -1.66% 11 sectors, dropping 3.8%, as the index closed […]
Google parent Alphabet’s stock closing in on first bear market in 7 years
Share of Google parent Alphabet Inc. GOOGL, -1.48% has dropped into bear market territory for the first time in seven years in afternoon trade Monday, amid a broad and sharp selloff in the technology sector. The stock was down 3.6%, on track for the lowest close since May 3, as the SPDR Technology Select Sector […]
Nissan CEO sacked
Nissan Motor Co.’s high-flying chairman Carlos Ghosn is to be dismissed after the company said an internal investigation found he under-reported his income by millions of dollars and engaged in other “significant misconduct.” The Japanese broadcaster NHK said Ghosn was arrested Monday after he voluntarily submitted to questioning by Tokyo prosecutors. The prosecutors’ office did […]
Freedom challenges rivals
Freedom Mobile has launched a new promotion that takes a novel approach to dealing with data overages, which can be an expensive extra cost if usage goes beyond the monthly plan’s limits. The wireless arm of Shaw Communications Inc. is offering 100 gigabytes of extra data to new and existing customers — provided they sign […]
Ride-hailing plan unveiled
Ride-hailing companies could begin operations in B.C. by next fall under legislation introduced today. Transportation Minister Claire Trevena says the government’s bill strikes a balance between meeting consumer demand and protecting public safety. Among other things, the bill would give the Passenger Transportation Board the power to accept applications and set terms and conditions for […]
TSE, Loonie down
Canada’s main stock index was in the red in late-morning trading, weighed down by losses in energy and financial stocks, while the health-care sector, which includes the big marijuana companies, also lost ground. The S&P/TSX composite index was down 33.78 points at 15,121.72. In New York, the Dow Jones industrial average was down 295.11 points […]