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The jump in U. S. Treasury yields to more than three-year highs is pushing fund managers to sell interest-rate sensitive utility and real estate stocks, but does not yet threaten to derail the nine year-long bull market in U. S. equities or slow down the broader economy.
(Reuters Breakingviews) – “The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” says Berkshire Hathaway boss Warren Buffett. That’s why his conglomerate, Amazon. com and JPMorgan are getting together to cut healthcare costs. Details are few and obstacles many, but the three firms bring relevant skills and a lot of employees to the mix.
Israeli troops shot dead a Palestinian youth during a confrontation in the occupied West Bank on Tuesday, a Palestinian official said.
The U. S. Department of Justice and Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported on Tuesday.