Bond yields drag stocks lower
NEW YORK -- U.S. stocks slumped Monday after higher yields in the bond market caused by a strong U.S. economy cranked up the pressure on Wall Street.
National Business News
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US homebuilder sentiment remains flat
U.S. homebuilder sentiment leveled off this month after a recent surge as would-be homebuyers look for signs borrowing costs will fall.
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Biden administration reaches computer chip, research deal
WASHINGTON -- The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer c…
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German store chain set to get new owners
BERLIN -- Germany's only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the …
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Anti-smoking activists up the ante
ATLANTIC CITY, N.J.-- Add investors to the list of people that opponents of smoking in casinos are enlisting in hopes of banning the practice.
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Judge: Distillery undermined workers’ vote on unionization
Woodford Reserve undermined unionization efforts at its Kentucky distillery by awarding pay raises, relaxing its vacation policy and handing out bottles of whi…
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US, Taiwan begin joint science project
The United States agency tasked with driving scientific research has launched a program to connect American startups with Taiwanese peers, backing the island's…
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GM’s robotaxis set for Phoenix restart
General Motors Co.'s Cruise autonomous driving business is preparing to resume testing its robotaxis with safety drivers in Phoenix, marking an important step …
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Airbus pulls ahead as Boeing struggles
RENTON, Wash. -- Airbus delivered more than twice as many commercial jets as Boeing in March, with the U.S. aerospace giant slowed by efforts to contain qualit…
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Florida boasts ritziest neighborhoods
Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation's biggest increases in real estate wealth …
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Big banks worry about year ahead
NEW YORK -- Big banks warned of an "uncertain" year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation…
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Stock indexes take a pounding
NEW YORK -- U.S. stocks tumbled Friday after a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattl…
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Ford recalls under investigation
DETROIT -- The U.S. government's auto safety agency has opened an investigation into a Ford recall for gasoline leaks from cracked fuel injectors that can caus…
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Shareholders approve plans for US Steel sale
PITTSBURGH -- U.S. Steel shareholders have overwhelmingly approved the company's sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal s…
