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    Bloomberg

    Key US Yield Hits 4% for First Time Since August on Fed Rethink

    (Bloomberg) -- The yield on the benchmark 10-year US Treasury is back at 4%, a level not seen since August, after a blowout jobs report forced traders to reassess the outlook for monetary policy. Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?Urban Heat Stress Is Another Disparity in the World’s Most Unequal NationFor a Master of Brutalist Provoc

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    Business
    Bloomberg

    Activist Starboard Value Takes $1 Billion Stake in Pfizer

    (Bloomberg) -- Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer Inc. and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?Urban Heat Stress Is Another Disparity in the World’s Most Unequal NationFo

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    Business
    Bloomberg

    Wall Street Strategists Say Jobs Surprise Bodes Well for Stocks

    (Bloomberg) -- Two of Wall Street’s top strategists have turned more optimistic about US stocks on signs of a robust labor market, economic resilience and easing interest rates.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?Urban Heat Stress Is Another Disparity in the World’s Most Unequal NationFor a Master of Brutalist Provocations, a Modest Mu

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    Business
    Bloomberg

    Shell Sees Strong Natural-Gas Production in Third Quarter

    (Bloomberg) -- Shell Plc saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?Urban Heat Stress Is Another Disparity in the World’s Most Unequal NationFor a Master of Brutali