Klobuchar: US needs to take on monopolies again

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)The news for Facebook (FB) couldn’t have been better. What’s happening: On Monday, a US judge dismissed two complaints that accused the company of holding a monopoly on social media — a major setback for […]

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Australia tightens lockdown amid Delta virus outbreak, vaccine chaos

(Refiles to correct headline spelling of Australia)Transport workers stand on mostly deserted train platforms at morning commute hour in the city centre during a lockdown to curb the spread of a coronavirus disease (COVID-19) outbreak in Sydney, Australia, June 28, 2021. REUTERS/Loren ElliottSYDNEY (Reuters) -Australia reported a slight rise in COVID-19 infections on Tuesday, while officials in several states tightened […]

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Asia shares slip as fears over Delta virus variant grow, U.S. data eyed

SYDNEY (Reuters) – Asian shares dropped on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery, even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.A man wearing a face mask is seen inside the Shanghai Stock Exchange building, as the country is hit by […]

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Exclusive: ICAP to launch crypto trading platform with Fidelity, Standard Chartered

LONDON (Reuters) – TP ICAP, the world’s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital assets custody unit, the consortium said on Tuesday.A representation of the virtual cryptocurrency Ethereum is seen among representations of other cryptocurrencies in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/IllustrationInstitutional investors have warmed to the crypto […]

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Explainer-Are Chinese COVID-19 shots effective against the Delta variant?

BEIJING (Reuters) – Many countries from China to Indonesia and Brazil rely heavily on Chinese vaccines to inoculate their people against COVID-19, but there are growing concerns about whether they provide enough protection against the Delta variant, first identified in India.FILE PHOTO: Test tubes are seen in front of a displayed Sinovac logo in this illustration taken, May 21, 2021. […]

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Cathie Wood’s ARK Invest Buys for 6\/28

Although the ARK ETF family of funds surged higher on Monday as the S&P 500 and Nasdaq hit fresh all-time highs. ARKK performed the best out of the group, up about 3.8%, while ARKQ lagged the rest of the group, up about 0.9%. The gains from last year are slowly sliding away, but Cathie Wood may have something up her […]

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Duke Energy’s botched war of words

Fox Business Flash top headlines for June 28 Check out what’s clicking on FoxBusiness.com. Efforts to defend Duke Energy from a proxy campaign led by billionaire Paul Singer have recently taken two quiet steps backwards. Last month, Singer’s hedge fund Elliott Management urged the utility to split its $78 billion electric-and-gas empire into three companies — an unusual proposal in […]

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