Today's Top News Story

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. Read More

 

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Trump and France's Macron seek new measures on Iran as deadline looms

WASHINGTON (Reuters) - President Donald Trump and French President Emmanuel Macron pledged on Tuesday to seek stronger measures to contain Iran, as the U.S. leader considers whether to ditch an international accord meant to prevent Tehran from obtaining a nuclear weapon. More »

 

Trump opens door for Jackson to pull out as nominee for veterans job

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday left open the possibility that his doctor, Ronny Jackson, would withdraw as his pick to lead the Veterans Affairs department after allegations stalled his Senate confirmation hearing. More »

 

Toronto police eye deadly van attack suspect's 'cryptic message'

TORONTO (Reuters) - The man accused of plowing a rental van into pedestrians on a crowded Toronto sidewalk, killing 10 people, in Canada's deadliest mass killing in decades left a "cryptic message" on social media before his attack, police said on Tuesday. More »

 

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. More »

 

EPA proposes to bar use of confidential data in rulemaking

WASHINGTON (Reuters) - The Environmental Protection Agency announced a new rule on Tuesday that would stop it from relying on scientific research underpinned by confidential data in its making of regulations. More »

 

U.S. consumer confidence, housing data highlight economy's strength

WASHINGTON (Reuters) - U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter. More »

 

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. More »

 

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. More »

 

Softbank, Google join $1.9 billion investment in China truck-hailing firm

BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday. More »

 

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