Communications services companies fell sharply amid concerns about rising interest rates.
Shares of BlackBerry plunged after the Ontario-based security software company said it would take a large impairment charge and projected that revenue would fall shy of Wall Street targets.
Gigi Sohn has withdrawn her nomination to serve as a commissioner on the Federal Communications Commission after a stalled confirmation process.
A bipartisan group of senators is introducing a bill on Tuesday to address threats posed by technology based in adversary countries, including the popular TikTok video-sharing app. The bill would require the Commerce Department to establish procedures to "identify, deter, disrupt, prevent, prohibit and mitigate" risks from foreign technology, according to the fact sheet.
The German government has launched a review of the country's 5G high-speed mobile telecommunications networks as part of a broader revamp of its relationship with China, suggesting Berlin is moving closer to banning Chinese suppliers from German networks.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-07-23 1725ET
