Finance Latest News: Futures Slammed by Bond Spikes, Doubts About China

Wochit 0:52 mins

Global markets are reacting to uncertainty stoked by recent announcements by the Federal Reserve. The Fed's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures. British finance minister George Osborne completed talks on Sunday with government departments aimed at securing spending cuts worth 11.5 billion pounds in 2015-16 to help reduce the country's budget deficit. How much will Clearwire's top 25 shareholders make if the company is acquired by Sprint for $5-per-share? The proposed transaction heads to a shareholder vote on July 8.

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