Global stocks slide to three-month low on tech stocks plunge, rising U.S. interest rates

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Global stocks slide to three-month low on tech stocks plunge, rising U.S. interest rates

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. stocks plunge on rising Treasury yields

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.

Trump briefed on stock market sell-off: CNBC

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.

Exclusive: Brazil's Bolsonaro would not sell Petrobras in short-term - party chief

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

Apple plans to give original content for free to device owners: CNBC

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.

Exclusive: Citigroup may face fair lending penalty from regulator - sources

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.

James Murdoch in line to replace Musk as Tesla chairman: FT

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.

T. Rowe Price raises bet on Tesla in vote of confidence for Musk

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.

Instant View: Wall Street shares slide, tech losses in focus

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.

Amazon scraps secret AI recruiting tool that showed bias against women

Amazon.com Inc's machine-learning specialists uncovered a big problem: their new recruiting engine did not like women.

Tighter U.S. foreign investment rules aimed at China start in November

The federal government will tighten rules on foreign investment in sensitive industries like technology and telecommunications next month, the Treasury Department said on Wednesday, as it starts to enforce a law aimed at curbing Chinese investment in 27 sensitive sectors.

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