Wall St slides as rising Treasury yields snuff out stock rally

U.S. private payrolls increase in September – ADP Twitter eases from one-year high, Tesla falls 5% ISM non-manufacturing sector PMI 56.7 in Sept vs. 56.9 in August Indexes down: Dow 1.34%, S&P 1.74%, Nasdaq 2.31% Oct 5 (Reuters) – U.S. stocks fell on Wednesday as a two-day rally in growth stocks was cut short by … Read more

Russian oil price cap will give buyers leverage – U.S. official

U.S. held “positive dialogue” with China, India -Ben Harris Cap will maintain incentive to produce LONDON, Oct 5 (Reuters) – A price cap that Group of Seven (G7) countries want to impose on Russian oil will provide buyers with leverage to get better prices, a U.S. Treasury official said on Wednesday. The United States has … Read more

U.S. to give Ukraine more rocket launchers, Biden tells Zelenskiy

WASHINGTON, Oct 4 (Reuters) – U.S. President Joe Biden promised a new $625-million security assistance package to Ukraine on Tuesday, prompting a warning from Moscow that such a move risked a direct military clash between Russia and the West. The U.S. package would include High Mobility Artillery Rocket System (HIMARS) launchers used in Ukraine’s successful … Read more

Banks financing Musk’s Twitter deal face hefty losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off … Read more

Asian stocks strengthen but futures show bounce could be short lived

HONG KONG, Oct 5 (Reuters) – Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 2.3%, after U.S. … Read more

South Korea, U.S. fire missiles into the sea to protest ‘reckless’ North Korea test

SEOUL, Oct 5 (Reuters) – South Korea and the U.S. military conducted rare missile drills and an American supercarrier repositioned east of North Korea after Pyongyang flew a missile over Japan, one of the allies’ sharpest responses since 2017 to a North Korean weapon test. Nuclear-armed North Korea test-fired an intermediate-range ballistic missile (IRBM) farther … Read more

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

Trump asks U.S. Supreme Court to intervene over seized classified records

WASHINGTON, Oct 4 (Reuters) – Former President Donald Trump on Tuesday asked the U.S. Supreme Court to intervene in his fight with the Justice Department over classified documents seized from his Florida home as part of a criminal investigation into his handling of government records. Trump filed an emergency request asking the justices to block … Read more

4 in custody after dangerous pursuit spanning multiple SoCal freeways

  LOS ANGELES – Four burglary suspects in a BMW that led authorities on a high-speed pursuit Tuesday morning through the San Gabriel Valley and Los Angeles County were detained on the 91 Freeway after surrendering to police.  The chase ended at about 8:30 a.m. when the car crashed and stopped on the westbound 91 … Read more

Nasdaq jumps as easing Treasury yields lift growth stocks; Twitter surges

Twitter jumps on news Musk to resume buyout at $54.20/share Rivian jumps on reaffirming FY deliveries view; lifts peers U.S. job openings post biggest drop in 2.5 years in August Indexes up: Dow 2.42%, S&P 2.63%, Nasdaq 2.92% Oct 4 (Reuters) – The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and … Read more