Rising U.S. bond yields bring back Wall Street’s sinking feeling
For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.
Call ’em crazy, but Fed officials likely to keep raising rates
A stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve’s rate hike plans in an economy performing in line with the central bank’s forecasts.
Wall St. drops again, but tech bounce helps limit losses
Wall Street dropped on Thursday as investors continued to shun risky investments, but the decline was less severe than the brutal sell-off in the previous session as a bounce in some high-growth technology stocks helped limit losses.
Pfizer settles New York probe into ‘deceptive’ copay coupons
Pfizer Inc on Thursday settled charges by New York’s attorney general that it misled consumers in its drug copayment coupon program into thinking they would pay far less to fill prescriptions than they ended up having to shell out.
Oil falls 2.5 percent as equity markets drop, inventories climb
Oil prices slumped to more than two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by a bigger-than-expected U.S. crude inventories build.
U.S. business group says Trump China tariffs cost $1.4 billion/month
A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a mont…
Exclusive: Sears CEO Lampert explores bidding for assets in bankruptcy – sources
Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer’s businesses and real estate once it files for bankruptcy, an alternative to a traditional court-supervised reorganization, people …
Exclusive: Top brewers raided by Indian watchdog in price-fixing probe – sources
India’s antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters.
Wall Street drops again, but tech bounce helps limit losses
Wall Street dropped on Thursday but the losses were less severe than the brutal sell-off in the previous session as a bounce in technology stocks helped limit losses.
Trump calls ‘loco’ Federal Reserve ‘too aggressive’
U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficit…
