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Monday, March 19, 2018

Global stocks sink in worst slide since November; eyes on Fed meeting

Global stocks sink in worst slide since November; eyes on Fed meeting: At the same time, shares of Facebook Inc (FB.O) shed nearly 7 percent after reports that a political consultancy that worked on U.S. President Donald Trump’s 2016 campaign gained inappropriate access to data on 50 million of the social network’s users. That decline dragged other technology stocks, which have led the market higher over the last two years.

“If they start to decay, then it may leave investors wondering what’s left to become the new leader to resume the bulls’ advance,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Wall Street Drops as Regulation Worry Sinks Tech Shares - The New York Times

Wall Street Drops as Regulation Worry Sinks Tech Shares - The New York Times

General Mills is transitioning 53 square miles of South Dakota farmland to certified organic

General Mills is transitioning 53 square miles of South Dakota farmland to certified organic: After all, there’s a reason you haven’t yet seen organic versions of Cheerios, Chex Mix, and Pillsbury Toaster Strudel. It’s not because General Mills, the parent company of those brands, thinks there’s no interest on the part of American eaters. Far from it—the company knows American appetites for organic products are growing faster than growers can switch. Instead, the issue is that General Mills can’t reliably find organic grains at a scale that benefits a food multinational of its size.