03 May

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Apple faces down ‘Fortnite’ creator Epic Games in major antitrust trial By Reuters

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By Stephen Nellis (Reuters) - Attorneys for "Fortnite" creator Epic Games and Apple Inc (NASDAQ:AAPL) will make opening arguments Monday at an antitrust trial whose ultimate outcome could affect Apple's fast-growing App Store business. The lawsuit, which Epic brought last year in the U.S. District Court for the Northern District of California, centers on two of Apple practices that have become cornerstones of its business: Apple's requirement that virtually all third-party software for the world's 1 billion iPhones be distributed through its App Store, and the requirement that developers use Apple's in-app purchase system, which charges...

03 May

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Aviation, travel groups urge fully reopening U.S.-UK travel market By Reuters

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WASHINGTON (Reuters) - A coalition of U.S. and European travel, airline, union, business and airport groups on Monday called for fully reopening the U.S.-UK air travel market "as soon as safely possible." In a letter to U.S. President Joe Biden and British Prime Minister Boris Johnson, the groups said the leaders' planned meeting in early June "would be an ideal opportunity for a joint announcement of the full reopening of the U.S.-UK air travel market for both U.S. and UK citizens." The United States has barred nearly all non-U.S. citizens who have recently been in...

03 May

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Wall Street Opens Higher on Dip-Buying; Dow up 260 Pts By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock markets opened May brightly, with plenty of willingness to buy the dip caused by end-of-month profit-taking on Friday. The market was underpinned by expectations that the coming week will bring further evidence of a robust economic recovery, in the shape of the ADP (NASDAQ:ADP) and official labor market reports on Wednesday and Friday respectively. Analysts expect the U.S. economy to have added nearly 1 million jobs in April as lockdown restrictions were lifted across the country and infection rates fell against a backdrop of wider vaccine-induced immunity. The 988,000...

03 May

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Ford’s German Plants Face Lengthy Outages on Chip Shortage By Bloomberg

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(Bloomberg) -- Ford Motor (NYSE:F) Co. will halt production at its German plants for several weeks due to a lack of semiconductors, the latest sign of the severity of the global chip shortage. The automaker will stop production at its Cologne plant twice, from May 3rd to June 18th and then from June 30th until workers return from the summer break in mid-August. Output at its Saarlouis factory will also halt for much of the current month and into June, according to the company. “We will make up for the lost production as best as we...

03 May

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Airlines Push for U.S.-U.K. Travel Deal by G-7 Meeting in June By Bloomberg

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(Bloomberg) -- A coalition of airline and travel groups urged the U.S. and the U.K. governments to lift travel restrictions between the two nations, citing the growth in vaccinations and other tools that limit the spread of Covid-19. Officials should announce reopening before the Group of Seven economic talks scheduled for June, the groups said Monday in joint letters to President Joe Biden and Prime Minister Boris Johnson. “We are confident that the right tools now exist to enable a safe and meaningful restart to transatlantic travel,” said the letter from 49 industry groups and...

03 May

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Epic v Apple, EU Travel, Tesla Delay – What’s Moving Markets By Investing.com

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By Geoffrey Smith Investing.com -- Epic Games' antitrust lawsuit against Apple (NASDAQ:AAPL) reaches a California district court. The European Union will allow fully-vaccinated tourists in. Stocks are set to open the month in positive mood, and Tesla's factory in Germany faces another six months' delay. Here's what you need to know in financial markets on Monday, May 2nd. 1. Epic v Apple heads to court One of the most important corporate legal actions of recent years heads to a U.S. district court in Oakland, Ca., on Monday, as Epic Games, the designer of the spectacularly popular...

03 May

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Dollar retreats as traders brace for more U.S. data By Reuters

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By Ritvik Carvalho LONDON (Reuters) - The dollar retreated after its recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, waiting for clues on the global inflation outlook and policymakers' responses. Trade was thinned by holidays in Japan, China and Britain, which kept a lid on volatility, leaving the greenback to trade where it settled after a Friday leap. It slid back to $1.2054 per euro and crept to a three-week high of 109.66 yen. Comments by Luis de Guindos, the European...

03 May

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U.S. Futures Higher in Quiet Trade; Tesla Slips on Germany Delay By Investing.com

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By Geoffrey Smith Investing.com -- U.S. stock futures were mostly higher in overnight trade on Monday, with investors buying into a dip that was caused by month-end profit-taking on Friday. Trading was set to be thinner than usual, with the U.K., China and various other markets all closed for the May Day holiday. By 7 AM ET (1100 GMT), Dow Jones futures were up 207 points, or 0.6%, at 33,974 points. The S&P 500 futures contract was up 0.5% and the Nasdaq 100 futures contract was up a more modest 0.3%. The events of the last...

03 May

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Soccer-Man United fan group demand owners launch new share scheme By Reuters

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By Simon Evans MANCHESTER, England (Reuters) - Manchester United's leading fan group has called on the club's American owners to open a share scheme to allow supporters to buy out the Glazer family's shares in the club. The statement from the Manchester United Supporters Trust (MUST) was issued after fan protests led to Sunday's match against Liverpool being postponed. In an open letter to club co-chairman Joel Glazer, MUST called on Glazer to "put in place a share scheme that is accessible to all and that has shares with the same voting rights as those held...

03 May

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Stocks rally as investors begin May in bullish mood By Reuters

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By Tommy Wilkes LONDON (Reuters) - European shares gained on Monday as investors bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound. With China, Japan and Britain closed for public holidays, volumes were thin. The Euro STOXX index rose 0.71%, while the German DAX gained 0.61% and France's CAC 40 0.5%. Wall Street futures were higher, pointing to yet more gains after stock markets notched up another round of record highs last week. The MSCI world equity index,...

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Apple faces down ‘Fortnite’ creator Epic Games in major antitrust trial By Reuters

Aviation, travel groups urge fully reopening U.S.-UK travel market By Reuters

Wall Street Opens Higher on Dip-Buying; Dow up 260 Pts By Investing.com

Ford’s German Plants Face Lengthy Outages on Chip Shortage By Bloomberg

Airlines Push for U.S.-U.K. Travel Deal by G-7 Meeting in June By Bloomberg

Epic v Apple, EU Travel, Tesla Delay – What’s Moving Markets By Investing.com

Dollar retreats as traders brace for more U.S. data By Reuters

U.S. Futures Higher in Quiet Trade; Tesla Slips on Germany Delay By Investing.com

Soccer-Man United fan group demand owners launch new share scheme By Reuters

Stocks rally as investors begin May in bullish mood By Reuters

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