Business News

U.S. stock index futures were down slightly late Wednesday after they resumed trading for the overnight session.

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Bayer AG’s Monsanto unit received a tentative ruling for a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, caused his cancer.

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The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize oil company Petroleo Brasileiro SA in the short term if elected, the president of his party told Reuters on Wednesday.

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Bayer AG’s Monsanto unit has received a tentative ruling granting a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, gave him cancer.

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Bayer AG’s Monsanto unit was likely to get a new trial on the $250 million in punitive damages awarded by a jury to a groundskeeper who alleged the company’s glyphosate-based weed killers, including Roundup, caused his cancer.

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U.S. stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of the carnage as rising U.S. Treasury yields sent investors fleeing from risky assets.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu.

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