Tuesday, 24 April 2018

Wall Street slides as high bond yields fan cost worries

Wall Street slides as high bond yields fan cost worries

NEW YORK (Reuters) - 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.

Apple shares drop on more warnings from iPhone supply chain

SAN FRANCISCO (Reuters) - Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones.

Protesters greet Amazon's Jeff Bezos in Germany

BERLIN (Reuters) - Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm's chief executive.

Lockheed lauds U.S. arms sales push, sees foreign sales rising

BERLIN (Reuters) - Top U.S. weapons maker Lockheed Martin Corp welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past.

Coke warns of pain from UK sugar tax, U.S. freight costs

(Reuters) - Coca-Cola Co said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018.

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

WASHINGTON (Reuters) - 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.

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

NEW YORK (Reuters) - 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.

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

(Reuters) - 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.

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

(Reuters) - 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.

Bitcoin climbs to six-week high as market sentiment improves

NEW YORK (Reuters) - 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.

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