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Wall Street slides as high bond yields fan cost worries

NEW YORK U.S. stocks slid on Tuesday as 10-year Treasury yields hit the highly anticipated 3 percent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks. | Video

Recent Business News

Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules

WASHINGTON U.S. President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.

Politics, Election 2016 4:28pm EDT

Herbalife prepared secret report to get into Ackman's thinking: book

NEW YORK Herbalife Ltd. commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows.

1:17pm EDT

Exclusive: Shire, Takeda reach breakthrough in deal talks - sources

London-listed drugmaker Shire Plc and Japan's Takeda Pharmaceutical Co Ltd plan to announce a preliminary deal on Wednesday, after the latter sweetened its $62 billion acquisition offer, people familiar with the matter said.

4:17pm EDT

Google-owner Alphabet's shares fall on rise in costs

Shares of Google parent Alphabet Inc lost more than 5 percent on Tuesday as a surge in costs drove what analysts said was its biggest ever contraction in gross margins, overshadowing strong first-quarter ad sales.

1:14pm EDT

Bitcoin climbs to six-week high as market sentiment improves

NEW YORK Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.

4:02pm EDT


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