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Equities close lower as rise in yields overshadows earnings

Equities close lower as rise in yields overshadows earnings

US 10-year Treasury yield hits highest since July 2008 Netflix jumps after reversing customer losses Procter & Gamble, Travelers post upbeat earnings PHLX Housing Index falls on weak US housing data Dow down 0.33%, S&P 500 down 0.67%, Nasdaq down 0.85% NEW YORK, Oct 19 (Reuters) – US stocks snapped a two-day streak of gains …

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Wall Street banks' profits slide as economic clouds loom, some beat forecasts

Wall Street banks’ profits slide as economic clouds loom, some beat forecasts

Oct 14 (Reuters) – Profits slid at Wall Street’s biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N), Citigroup Inc (CN) and Wells Fargo & Co’s …

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Wall St drops as consumer data stokes inflation worries

Wall St drops as consumer data stokes inflation worries

JPM reports higher-than-expected Q3 profit S&P 500, Nasdaq post weekly declines US consumer sentiment edges up October; inflation ests. worse Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08% NEW YORK, Oct 14 (Reuters) – US stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve’s aggressive rate hike …

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US aims to hobble China's chip industry with sweeping new export rules

US aims to hobble China’s chip industry with sweeping new export rules

Oct 7 (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US tools, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go …

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Eisai, Biogen says Alzheimer's drug succeeds in slowing cognitive decline

Eisai, Biogen says Alzheimer’s drug succeeds in slowing cognitive decline

Sept 27 (Reuters) – Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) on Tuesday said their experimental Alzheimer’s drug significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, marking a rare win in a field littered with failed drugs. The drug, lecanemab, slowed the progress …

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Cancer victims urge court to end J&J bankruptcy roadblock to lawsuits

Cancer victims urge court to end J&J bankruptcy roadblock to lawsuits

Register now for FREE unlimited access to Reuters.com Register Sept 19 (Reuters) – People suing Johnson & Johnson over the company’s talc products urged an appeals court on Monday to revive their claims, saying the profitable company should not be allowed to use a bankrupt subsidiary to block lawsuits alleging the products cause cancer. They …

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Queen Elizabeth dies at 96, ending an era for Britain

Queen Elizabeth dies at 96, ending an era for Britain

Queen had reigned for 70 years Family had gathered at her Balmoral home Son Charles, 73, becomes king BALMORAL, Scotland, Sept 8 (Reuters) – Queen Elizabeth, Britain’s longest-reigning monarch, the nation’s figurehead and a towering presence on the world stage for seven decades, died peacefully at her home in Scotland on Thursday aged 96. “The …

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Queen Elizabeth's family rushed to the side of the ailing monarch

Queen Elizabeth’s family rushed to the side of the ailing monarch

Register now for FREE unlimited access to Reuters.com Register Doctors say queen, 96, under medical supervision Heir to the throne Prince Charles is with the queen Family members head to Balmoral Castle BALMORAL, Scotland, Sept 8 (Reuters) – Britain’s royal family rushed to be with Queen Elizabeth after doctors said they were concerned about the …

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US FDA green lights Omicron-targeted COVID boosters ahead of revaccination campaign

US FDA green lights Omicron-targeted COVID boosters ahead of revaccination campaign

Register now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – The US Food and Drug Administration on Wednesday authorized updated COVID-19 booster shots from Pfizer (PFE.N)/BioNTech (22UAy.DE) and Moderna that target the dominant BA.4 and BA.5 Omicron subvariants , as the government prepares for a broad fall vaccination campaign that could begin …

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