The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
* U.S. housing starts rise, jobless claims fall more than expected
* Cisco, Walmart shares rise after earnings, buoying Wall St
* Germany's DAX jumps, leads European markets higher
* Trade in focus after latest U.S. sanctions on Huawei
* Oil prices rise as Middle East tensions persist (Updates with close of U.S. markets)
NEW YORK, May 16 (Reuters) - World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations.
A spike in U.S.-China tensions over import tariffs has convulsed markets recently as investors seek to parse statements from government leaders to gauge the direction of negotiations.
News that U.S. President Donald Trump is expected to delay auto tariffs appeared to improve the trade tone on Wednesday, but later in the day the Trump administration hit Chinese telecoms giant Huawei with severe sanctions.
The overall market sentiment got pretty negative the last couple of days, " said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. "And I think it was just a set-up where we had a little bit of good news that has gone a long way, at least for today.
It makes sense that you are having a little bit of reprieve today based on a little better economic data and a little bit better earnings data which is drawing the attention away from China, which is still a big uncertainty right now, Lerner said.
Wall Street's main indexes ended solidly positive but below their session highs. The Dow Jones Industrial Average rose 214.66 points, or 0.84%, to 25,862.68, the S&P 500 gained 25.36 points, or 0.89%, to 2,876.32 and the Nasdaq Composite added 75.90 points, or 0.97%, to 7,898.05.
Shares of Cisco Systems and Walmart both gave boosts to the S&P 500 and the Dow after their respective earnings reports. Cisco shares rose 6.7% and Walmart rose 1.4%.
The Philadelphia semiconductor index fell 1.7% following the Huawei news.
The pan-European STOXX 600 index rose 1.27%.
Germany's DAX jumped 1.7%, fueled by news of corporate deals. Thyssenkrupp shares rose 9.4% after Reuters reported Finnish company Kone is assessing a bid for the German conglomerate's elevators division.
MSCI's gauge of stocks across the globe gained 0.58%.
U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought. In a separate report, the number of Americans filing applications for unemployment benefits fell more than expected last week.
U.S. Treasury yields rose following the strong economic data.
Benchmark 10-year notes last fell 6/32 in price to yield 2.398%, from 2.379% late on Wednesday.
"I'm a little surprised that with stocks so strong, the yields aren't even higher because this doesn't seem to be that big of a move in the scheme of things," said Lou Brien, market strategist at DRW Trading.
The U.S. dollar rose against a basket of currencies as investors focused on trade war tensions, while the euro was hurt by concerns about next weeks European parliamentary elections.
The dollar index rose 0.26%, with the euro down 0.21% to $1.1176.
Oil prices jumped as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in Yemen in retaliation for recent attacks on its crude infrastructure.
U.S. crude rose 1.4% to settle at $62.87 a barrel, while Brent settled at $72.62 a barrel, up 1.2%.
(Additional reporting by Karen Brettell and Kate Duguid in New York; editing by Dan Grebler and James Dalgleish)