Wall St. succumbs to rising bond yields, sinking health stocks
(Reuters) – Rising bond yields and a sell-off in healthcare shares sent the U.S. stock market sliding on Tuesday, with the Dow Jones Industrial Average’s 352-point tumble its steepest in eight months.
Reuters News to get $325 million annually under Blackstone offer: sources
LONDON (Reuters) – Blackstone Group LP has agreed that annual payments of $325 million would be made for 30 years to the Reuters News business as part of an offer by the U.S. private equity firm to buy a majority stake in Thomson Reuters’ Financial …
Exclusive: Coincheck hackers start moving stolen cryptocurrency – executive
LONDON (Reuters) – Hackers behind last week’s $530 million cryptocurrency heist — one of the biggest ever — have started to move and are trying to sell some of the stolen “XEM” coins, the vice president of the foundation behind the digital currency s…
Wall Street hit by rising bond yields, sinking health stocks
(Reuters) – U.S. stocks fell for a second straight day on Tuesday, with the Dow Jones Industrial Average tumbling as much as 352 points, hammered by a rise in bond yields and a decline in healthcare companies.
Exclusive: Coincheck hackers attempting to sell stolen cryptocurrency – executive
LONDON (Reuters) – Hackers behind last week’s $530 million cryptocurrency heist – one of the biggest ever – have started trying to sell some of the stolen “XEM” coins, the vice president of the foundation behind the digital currency said on Tuesday.
Amazon, Berkshire, JPMorgan create healthcare company to cut costs
(Reuters) – Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co will form a healthcare company aimed at cutting costs for their U.S. employees, they said on Tuesday, sending shares in the broad healthcare sector sharply lower.
Pfizer sees upbeat 2018 on lower tax rate, shares dip after highs
(Reuters) – Pfizer Inc forecast 2018 profit and revenue well ahead of analysts’ estimates on Tuesday as it expects to benefit from reduced tax rate following the recent changes to the U.S. tax code, and recorded an $11 billion gain from the overhaul.
World markets can absorb some trade turbulence as Trump digs in
LONDON/GENEVA (Reuters) – Booming global trade and economic growth have cushioned world markets against the political turbulence of Donald Trump’s first year in the White House, but that resilience will be tested if the U.S. president wants protectioni…
Dow falls 250 points as bond yields, health stocks weigh
(Reuters) – Rising bond yield continued to weigh on U.S. stocks on Tuesday, pushing the Dow Jones Industrial Average down more than 250 points, with pressure also being piled on by a drop in health companies.
Pfizer sees upbeat 2018 on lower tax rate, books $11 billion gain
(Reuters) – Pfizer Inc forecast 2018 profit and revenue well ahead of analysts’ estimates on Tuesday as it expects to benefit from reduced tax rate following the recent changes to the U.S. tax code, and recorded an $11 billion gain from the overhaul.
