Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February.
U.S. President Donald Trump has been briefed on Wednesday’s stock market sell-off, a senior White House official told CNBC, as the Dow Jones Industrial Average dropped more than 3 percent in one day and the S&P 500 marked its biggest daily decline since February.
U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.
Apple Inc is planning a new digital video service that will provide original content free to its device owners, CNBC reported on Wednesday, citing people familiar with the matter.
A U.S. financial regulator may sanction Citigroup Inc for denying minority customers the kinds of mortgage discounts that the bank offered to many other borrowers, three people familiar with the probe told Reuters.
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world’s largest retailer.
Wall Street shares slid on Wednesday, with all three major U.S. indexes down more than 2 percent in the afternoon as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.
Wall Street stock indexes tumbled on Wednesday, on track for the biggest daily decline since April, and the sell-off intensified as the day wore on as rising U.S. Treasury yields and trade policy related worries sent investors fleeing for safety.
For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.
Third Point LLC warned Campbell Soup Co.’s board on Wednesday against picking a new chief executive before next month’s annual meeting, where the hedge fund wants to oust all current directors.
Tesla shareholder T. Rowe Price Group Inc raised its stake in the electric car maker by nearly half in the July-September quarter, according to a regulatory filing on Wednesday, an apparent vote of confidence for embattled CEO Elon Musk.
Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.
Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.
The U.S. Department of Defense said on Wednesday that a memo purporting to show the Pentagon asking for a national security review of chipmaker Broadcom Inc’s $19 billion deal to buy software company CA Technologies was likely fake.
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low.
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