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Dow dips again...Brexit vote delayed...On-demand insurance

December 17, 2018

NEW YORK (AP) — The Dow plunged 500 points, its second straight drop of that size and its fourth big decline this month. Longtime market favorites like Microsoft and Amazon took heavy losses Monday. Health care companies also fell sharply. A measure of small-company stocks fell into a bear market, a decline of 20 percent below their recent peak. The market is now well into the red for the year and the S&P is trading at its lowest level since October 2017. The S&P fell 54 points. The Nasdaq lost 156 points.

LONDON (AP) — British Prime Minister Theresa May says the postponed vote in Parliament on Britain’s Brexit agreement with the European Union will be held the week of Jan 14 — more than a month after it was originally scheduled and just 10 weeks before Britain leaves the EU. But even as May insisted she could salvage her unpopular divorce deal, pressure was mounting for dramatic action to find a way out of Britain’s Brexit impasse.

BERLIN (AP) — Workers at two Amazon distribution centers in Germany have gone on strike as part of a push for improved work conditions, leading to fears that Christmas orders may not arrive in time. The German news agency dpa reported that workers went on strike early Monday. The union representing the workers says Amazon employees receive lower wages than others in retail and mail-order jobs in Germany.

JERUSALEM (AP) — Airbnb says it hasn’t reversed its plan to stop listing properties in Israeli settlements in the occupied West Bank. Earlier Monday, Israel’s tourism minister, Yariv Levin, said Airbnb pledged “not to implement” its decision during a meeting between the two sides.

UNDATED (AP) — A startup is trying to shake up the health insurance industry with a plan that lets customers buy some coverage only when needed. This on-demand approach is one of the latest wrinkles in a yearslong push by companies and insurers to control costs and make patients smarter health care shoppers.

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