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Financial & Business News

  • Business
    Bloomberg

    Stocks Sell Off as Treasury-Bond Yields Surge Anew: Markets Wrap

    (Bloomberg) -- As the Federal Reserve gets ready to unwind its crisis-era stimulus, prompting a recalibration of bond yields, stocks continue to push lower around the globe.Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Rise of the Pandemic DashboardThe S&P 500 was on pace for its biggest dec

  • World
    Yahoo Finance

    Elizabeth Holmes 'deferred to' her COO-boyfriend when running Theranos, her lawyers argue

    Court documents unsealed on Monday revealed new details of the defense strategy ex-Theranos CEO Elizabeth Holmes, in a closely watched criminal trial accusing her of using her blood-testing startup to defraud both patients and investors.

  • Politics
    Bloomberg

    Yellen Warns Congress of Cash Supply Running Out Around Oct. 18

    (Bloomberg) -- Treasury Secretary Janet Yellen warned that her department will effectively run out of cash around Oct. 18 unless legislative action is taken to suspend or increase the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations.Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be