Wall Street closes down, tech selloff drags as bond yields climb

NEW YORK (Reuters) – Wall Street’s main indexes ended sharply lower on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The…

Belk Pushes Through Quick Reorganization

Belk received a federal bankruptcy court’s approval for its restructuring plan Wednesday after filing for Chapter 11 the previous night.  The North Carolina-based department store chain, which had declared assets and liabilities both in the $1 billion to $10 billion…

Global equities rise as U.S. bond yield fears ease

NEW YORK (Reuters) – A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a…

Amex Announces $1M in Grants to Support Historic Small Restaurants

In partnership with the National Trust for Historic Preservation, American Express is launching a national search for historic small restaurants as part of a new grant program called, “Backing Historic Small Restaurants.” Through the program, the companies will support small…

Heathrow issues plea for budget aid as it dives to £2bn loss

Heathrow Airport has issued the chancellor with a string of demands ahead of next week’s budget after reporting a £2bn loss for 2020. The UK’s largest airport said passenger numbers collapsed by 73% over the year as the COVID-19 pandemic…

Asia markets slide as higher bond yields test tech sector

SINGAPORE (Reuters) – Falling tech stocks in China and Hong Kong pulled Asia’s markets sharply lower on Wednesday, as recent gains in U.S. Treasury yields put lofty equity valuations under pressure even as bond markets stabilised.FILE PHOTO: A man wearing…