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Yahoo profit beats Wall St., some analysts worry over effect of hack

October 18, 2016 By

By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach. Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion deal. Tuesday's results provided at least an initial indication that the data breach has not led to a quick exodus of Yahoo customers, as some had feared.

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Yahoo profit beats Wall St., some analysts worry over effect of hack

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Worries over China, Brexit push Treasury yields to record low

July 5, 2016 By

By Marc Jones LONDON (Reuters) – Investors pushed U.S. government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain's vote to leave the European Union.  As a fresh wave of uncertainty ripped through markets, Swiss bond yields turn negative all the way out to 50 years on bets that the world's major central banks will have to wade in with yet more stimulus. European shares lost more than 1 percent in early trade, with China's data hitting commodity-linked firms and the banking sector dented by worries over a near 60-percent slump in Italian bank shares this year. The safe-haven yen rose almost one percent against the euro and dollar , while Brexit-battered sterling hit another 31-year low after soft UK economic data.

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Worries over China, Brexit push Treasury yields to record low

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Wall Street sings Brexit blues with brutal two-day slide

June 27, 2016 By

(Reuters) – Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.

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Wall Street sings Brexit blues with brutal two-day slide

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

June 24, 2016 By

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

June 24, 2016 By

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.

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Worst day in 10 months as Wall Street reacts to ‘Brexit’

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