Reuters - Daily Investor Update

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Thursday, February 8, 2018

Wall Street tumbles again as S&P, Dow confirm correction

NEW YORK (Reuters) - U.S. stocks plunged anew on Thursday in another trading session with big swings, as equities remained in a tug-of-war with bond yields, volatility remained high, and investors failed to see a bottom of the market ahead.

Qualcomm rejects Broadcom's revised buyout offer

(Reuters) - Chipmaker Qualcomm Inc said on Thursday its board had unanimously rejected Broadcom Ltd's revised $121 billion buyout offer.

Stocks extend selloff; investors fret over high bond yields

NEW YORK (Reuters) - Stocks in world indexes fell again on Thursday, with major U.S. indexes dropping more than 3 percent in late afternoon trade after U.S. bond yields earlier crept back up toward four-year highs.

Ford has applied for German banking license due to Brexit: Frankfurter Allgemeine

FRANKFURT (Reuters) - U.S. carmaker Ford has applied for a banking license in Germany to ensure its car financing business can continue on the continent once Britain leaves the European Union, a German newspaper said.

U.S. airlines cut involuntary passenger bumping to lowest rate on record

NEW YORK (Reuters) - U.S. airlines reduced the number of passengers involuntarily bumped from their seats on crowded planes to the lowest number on record in 2017, the U.S. Department of Transportation said on Thursday.

Instant View: U.S. stocks stumble again, as bonds yields rise

(Reuters) - U.S. stocks turned sharply lower on Thursday, with investors still on edge as volatility in financial markets persisted and bond yields rose back toward levels that helped trigger the worst declines in more than two-and-a-half years earlier in the week.

U.S. senators ask consumer watchdog head for details on Equifax probe

WASHINGTON (Reuters) - A group of 31 U.S. senators said on Thursday they had written to the leadership of the Consumer Financial Protection Bureau (CFPB) demanding information on the consumer watchdog's stalled probe into credit reporting agency Equifax Inc's massive data breach.

Trump offshore oil drilling plan draws protest in California

SACRAMENTO, Calif. (Reuters) - Environmental activists in California on Thursday plan to protest a Trump Administration proposal to vastly increase offshore oil drilling in the United States.

Twitter surprises with revenue turnaround, shares surge

(Reuters) - Twitter Inc on Thursday delivered its first quarterly profit and an unexpected return to revenue growth helped by expansion outside the United States, pushing shares in the social network to more than two-year highs.

New York Times beats as digital subscriptions surge, shares rise

(Reuters) - The New York Times Co pleased investors with market-beating profit and revenue as digital subscriptions surged, underscoring the turnaround in its fortunes that had wavered as fewer people bought newspapers.