US Stocks Drop as Bond Yields Keep Climbing

US Stocks Drop as Bond Yields Keep Climbing

The Dow Jones Industrial Average plunged more than 800 points Wednesday, as a continuing surge in Treasury yields prompted the blue-chip index's biggest pullback since February.
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Tech stocks have their worst day since 2011. Is there more to come?

It wasn't long ago that Amazon and Apple share prices seemed to defy gravity, and were pulling the rest of the stock market up with them.
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CVS-Aetna Merger Wins Approval Only to Face Debt Cliff

Well, this seems to make it official: The Trump administration only cares about vertical mergers in media. Or at the very least, it has no problem when it comes to these types of deals and health care.
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Newsweek's former parent company indicted in fraud and money laundering case

New York (CNN Business) The co-founder of Newsweek's former parent company has been indicted on fraud and money laundering charges in New York Supreme Court.
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Wells Fargo touts good deeds to get back in lawmakers' good graces

WASHINGTON (Reuters) – Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co (WFC.N) has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in …
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