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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 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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Musk approaches brain chip startup Synchron about deal amid Neuralink delays

Musk approaches brain chip startup Synchron about deal amid Neuralink delays

Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi Register now for FREE unlimited access to Reuters.com Register Aug 19 (Reuters) – Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own …

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Stephen King going to bat for US gov't in case against book publishing mega-merger

Stephen King going to bat for US gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The US Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. “It’s real money for real …

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