US Business

TREASURIES-Benchmark U.S. yield again eases from one-year high

18h18 Benchmark U.S. Treasury yields eased for a second consecutive session on Monday after climbing to a one-year high last week as Federal Reserve officials continued to downplay runaway inflation concerns, but a round of solid. . .  Full story

WTO chief calls for more vaccine plants in developing countries

18h13 The World Trade Organization's new director-general said on Monday the trade body needs to work with companies to open up more manufacturing sites for COVID-19 vaccines in developing countries.. . .  Full story

Fiat Chrysler Automobiles pleads guilty in U.S. labor probe

18h12 Fiat Chrysler Automobiles pleaded guilty Monday to charges it conspired with company executives to make illegal, lavish gifts to United Auto Workers (UAW) leaders and undermined workers’ confidence in collective bargaining.. . .  Full story

Exxon names Ubben, Angelakis to board amid investor pressure for change

18h10 Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and. . .  Full story

SoftBank-backed Coupang seeks over $50-bln valuation in U.S. IPO

18h03 South Korea's Coupang Inc, which is backed by SoftBank Group Corp, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over $50 billion and make it the largest. . .  Full story

United orders another 25 Boeing 737 MAX jets to prepare for recovery

17h59 United Airlines Holdings Inc has ordered 25 new Boeing 737 MAX aircraft to receive in 2023 and moved up the delivery of others as it prepares to replace aging jets and meet post-pandemic demand. . .  Full story

Goldman Sachs co-head of asset management arm to retire

17h57 Goldman Sachs Group Inc's global co-head of asset management arm, Eric Lane, will retire after more than two decades at the bank, according to a memo seen by Reuters on Monday.. . .  Full story

Blackstone CEO Schwarzman took home $610.5 mln in 2020

17h36 Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of. . .  Full story

TSX rises on commodity-linked boost, upbeat manufacturing data

17h09 Canada's main stock index rose on Monday as energy and materials stocks tracked gains in commodities, while data showed that the domestic manufacturing activity grew at a faster pace in February than in the. . .  Full story

Gold ekes out gains as U.S. yields soften

17h09 Gold prices rose on Monday as a retreat in U.S. Treasury yields helped it regain its status as an inflation hedge after a U.S. stimulus package moved one step closer to being signed into. . .  Full story

US STOCKS-Wall St jumps on J&J vaccine cheer, stimulus optimism

17h09 Wall Street's major averages rose 1.5% on Monday as bond markets calmed after a month-long selloff, while encouraging updates on the vaccine and stimulus fronts strengthened bets over a swift economic recovery.. . .  Full story

U.S. manufacturing sector at three-year high, cost pressures mounting - ISM

17h00 U.S. manufacturing activity increased to a three-year high in February amid an acceleration in new orders, but factories continued to face higher costs for raw materials and other inputs as the pandemic drags on.. . .  Full story

Ormat shares drop after short-seller Hindenburg attacks energy company

16h17 Short-seller Hindenburg Research said on Monday it has taken a short position in the shares of Ormat Technologies Inc, lobbing several accusations against the renewable energy company including "acts of international corruption.". . .  Full story

Facebook signs up partners for German news product, but Springer baulks

16h08 Facebook signed up a string of German media partners on Monday to provide content for a local news product, but the publisher of the country's best-selling newspaper said it would not take part on. . .  Full story

-Rocket Lab set to launch publicly in $4.1 bln SPAC merger

16h04 Space transportation startup Rocket Lab USA Inc on Monday agreed to go public through a merger with a blank-check firm backed by private equity firm Vector Capital, in a deal that values the combined. . .  Full story

Twilio to invest up to $750 mln in telecom company Syniverse

15h49 Cloud-communications platform Twilio Inc said on Monday it would invest up to $750 million in telecommunications services company Syniverse Technologies LLC.. . .  Full story

CoStar sweetens buyout offer for real estate data group CoreLogic

15h45 Commercial property data vendor CoStar Group Inc on Monday sweetened its offer to buy CoreLogic Inc by adding another $450 million, hoping to seal a deal and triumph over another competing bid by private equity. . .  Full story

Hedge funds sell oil as bull run stutters: Kemp

14h40 Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early. . .  Full story

Klarna funding round makes it Europe's most valuable startup at $31 bln

14h10 Swedish payments firm Klarna has nearly tripled its valuation to $31 billion in less than six months with a new $1 billion private fundraising round, the company said on Monday.. . .  Full story

SoftBank-backed SPAC chops IPO size to $280 mln

14h03 SVF Investment Corp. 3, a blank-check firm backed by SoftBank Group Corp, cut the size of its initial public offering to $280 million from $350 million, a regulatory filing showed on Monday.. . .  Full story

Soybeans rise on hopes of new demand for U.S. supplies

14h03 Chicago soybean futures rose on Monday as delays in exports from Brazil raised hopes of higher demand for U.S. beans at a time of tight U.S. supplies.. . .  Full story

SPACs turn to 'stonks' as amateur traders take on more risk

14h00 For Jonny Coreson, $4 billion is worth $5 billion.. . .  Full story

Nigeria's Okonjo-Iweala prepared for task of reviving WTO

13h57 The World Trade Organization's (WTO) first female and first African director-general Ngozi Okonjo-Iweala started work on Monday, ending a six-month leadership void as she aims to revive the global trade watchdog ahead of a major. . .  Full story

WTO to hold ministerial meeting in Geneva in late 2021 - sources

13h14 World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates told Reuters.. . .  Full story

Huawei CFO back in court fighting U.S. extradition

13h00 Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court Monday for the final phase of the arguments in her U.S. extradition case, which would focus on whether her arrest was politically motivated. . .  Full story

One year into pandemic, sky begins to clear over U.S. economy

13h00 Despite the U.S. economy's near miss with a depression last year and an ongoing coronavirus pandemic that has brought travel to a virtual halt, Jeff Hurst, the chief executive of vacation rental firm VRBO, sees. . .  Full story

China moving 'step by step' in recertifying Boeing 737 MAX

12h10 China's aviation regulator said on Monday its major safety concerns with the Boeing Co 737 MAX had to be "properly addressed" before conducting flight tests but it was studying a plan with U.S. planemaker. . .  Full story

Saudia plans to order 70 Airbus, Boeing jets -report

12h04 State-owned Saudi Arabian Airlines (Saudia) plans to order 70 airliners from Airbus and Boeing, Saudi news outlet Maaal reported on Monday, citing unidentified sources.. . .  Full story

Board meeting, Chinese asset sale plan lift Danone shares

11h18 Shares in Danone's, which is expected to hold a board meeting on Monday amid shareholder pressure to improve governance and boost returns, rose 2% after it announced plans to sell its stake in Chinese dairy. . .  Full story

SoftBank's internet business to invest $5 bln to resist overseas tech giants

11h07 SoftBank's internet subsidiary Z Holdings outlined plans on Monday to invest 500 billion yen ($4.7 billion) in technology over five years to resist an onslaught from larger overseas rivals.. . .  Full story

Strong exports lift German factory activity to 3-yr high in Feb - PMI

10h55 Higher demand from China, the United States and Europe drove growth in German factory activity to its highest level in more than three years in February, brightening the outlook for Europe's largest economy, a. . .  Full story

Hong Kong shares up on stabilising bond market, U.S. stimulus hopes

10h44 Hong Kong shares rose on Monday, rebounding from the previous week's slump, as a semblance of calm in bond markets and optimism over progress in the U.S. stimulus package helped global equities to rally. **. . .  Full story

Australia home prices, job ads surge as recovery blitzes expectations

05h06 Australian home prices raced at the fastest clip in almost two decades in February and job advertisements skyrocketed, data showed on Monday, as the economy rapidly emerged from its once-in-a-generation recession.. . .  Full story

Rocket Lab nears merger deal with a SPAC to go public - WSJ

02h59 Rocket Lab USA is nearing a deal to go public through a merger with a special-purpose acquisition company Vector Acquisition that would value the small-satellite launch firm at $4.1 billion, including debt, the Wall Street. . .  Full story

S.Korea Feb exports extend growth on strong chip, auto demand

02h44 South Korea's exports expanded for a fourth straight month in February on continued growth in memory chip and car sales, underpinning the trade-led recovery in Asia's fourth-largest economy.. . .  Full story

Buffett upbeat on U.S. and Berkshire, buys back stock even as pandemic hits results

28/02 Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc has not been dimmed by the coronavirus pandemic.. . .  Full story

Warren Buffett's $10 billion mistake: Precision Castparts

27/02 Warren Buffett makes mistakes too.. . .  Full story

Stock gains power higher Berkshire profit, Buffett presses on with stock buybacks

27/02 Warren Buffett's Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing another $9 billion of its stock.. . .  Full story

Buffett says overpaid for Precision Castparts; Charlie Munger to be on stage for annual meeting--shareholder letter

27/02 Warren buffett says he paid too much when his conglomereate berkshire hathaway bought precision castparts, its largest acquisition, in 2016 -- annual letter to berkshire shareholders Buffett says berkshire spent $24.7 billion on share repurchases in. . .  Full story

ANALYSIS-Investors jumping the gun as TIPS, futures flag early Fed tightening

27/02 Some investors may be getting ahead of themselves as they price in a move by the Federal Reserve to pivot away from an ultra-easy monetary policy sooner than most expected just weeks ago.. . .  Full story

India's Reliance partners with Google, Facebook for digital payment network bid - ET

27/02 India's conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player Infibeam to set up a national digital payment network, Economic Times newspaper reported on Saturday, citing unnamed sources.. . .  Full story

U.S. House approves Biden's $1.9 trillion COVID-19 aid

27/02 President Joe Biden's $1.9 trillion plan to address the human and economic toll of the COVID-19 pandemic passed the U.S. House of Representatives early on Saturday, with the next step Senate consideration. (Reporting by Richard. . .  Full story

Wall St Week Ahead-Investors weigh new stock leadership as broader market wobbles

27/02 A shakeup in stocks accelerated by the past week's surge in Treasury yields has investors weighing how far a recent leadership rotation in the U.S. equity market can run, and its implications for the. . .  Full story

SoftBank reaches settlement with former WeWork CEO Neumann

27/02 SoftBank Group Corp said on Friday it has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019.. . .  Full story

AMC Entertainment approves millions in bonuses to top execs

27/02 AMC Entertainment Holdings has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said.. . .  Full story

GameStop rally fizzles; shares still register 151% weekly gain

27/02 GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled.. . .  Full story

Canada pension fund boss Machin quits after overseas trip for COVID shot

27/02 The head of Canada Pension Plan Investment Board (CPPIB), Mark Machin, has resigned after his trip to the United Arab Emirates for vaccination against COVID-19 flouted Canadian government's travel advice and drew criticism.. . .  Full story

NYSE begins move to delist Chinese state oil producer CNOOC

27/02 The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald. . .  Full story

U.S. regulators probe Robinhood over trading curbs

27/02 Retail brokerage Robinhood said on Friday U.S. regulators were looking into its temporary trading curbs on so-called meme stocks earlier this year as shares of companies like GameStop Corp soared during a social media-fueled short-squeeze.. . .  Full story

U.S. yields soften after vaulting to one-year highs; sentiment wary

26/02 U.S. Treasury yields subsided in cautious trading on Friday as investors repositioned a day after a watershed rate surge, but growth concerns weighed on sentiment as data showed a strong rebound in consumer spending.. . .  Full story

NYSE starts move to delist Chinese state oil producer CNOOC

26/02 The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November. . .  Full story

Pemex's $6 billion net profit? Not as good as it looks

26/02 Mexico's Petroleos Mexicanos (Pemex), the world's most indebted state oil company, reported on Friday a multibillion-dollar net profit. But the numbers are not as good as they look.. . .  Full story

Nasdaq finishes higher, tech stocks retrace some losses

26/02 The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond. . .  Full story

Bots hyped up GameStop on major social media platforms, analysis finds

26/02 Bots on major social media platforms have been hyping up GameStop Corp and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have. . .  Full story

U.S. drillers add rigs for 7th month in a row, pace slows -Baker Hughes

26/02 U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed. . .  Full story

Robinhood gets inquires from regulators over trading restrictions

26/02 Online brokerage app Robinhood has received inquiries from regulators about the temporary trading curbs it imposed during a wild rally in shorted stocks earlier this year, it said on Friday.. . .  Full story

End-of-month profit taking pressures U.S. wheat, corn, soybeans

26/02 Chicago Board of Trade wheat futures slid 2.8% on Friday, their second straight day of declines, on a profit-taking setback as warming weather in the United States reduced the threat of damage to the. . .  Full story

Canada sticking to stimulus plan despite debt rumblings, sources say

26/02 Canada's C$100 billion ($79 billion) stimulus plan is justified by the economic hole caused by the COVID-19 pandemic, government sources said, as analysts warned Ottawa against racking up too much debt and making investments that. . .  Full story

Eight U.S. auto state governors urge Biden to press semiconductor firms on chip shortage

26/02 A bipartisan group of eight governors from U.S. auto states on Friday urged Democratic U.S. President Joe Biden to do more to press semiconductor firms to address a global shortage of automotive chips that. . .  Full story

Atlantia disappointed with CDP bid for unit, continues talks

26/02 Italy's Atlantia said on Friday an offer by a consortium of investors led by state lender CDP for its 88% stake in Autostrade per l'Italia fell short of the mark and asked its top. . .  Full story

Bank of America, JPMorgan give U.S. staff paid time off for COVID-19 vaccinations-memo

26/02 The two largest U.S. banks, Bank of America Corp and JPMorgan Chase & Co, are giving employees paid time off when it is their turn for the COVID-19 vaccine, according to a memo seen. . .  Full story

Murder in the consulate: Pressure grows on Saudi crown prince

26/02 Saudi Arabia's crown prince, accused in a U.S. intelligence report of approving an operation to capture or kill a prominent journalist, crushed dissent and sidelined rivals in a push for power that has delighted. . .  Full story

GameStop rally fizzles; shares still on pace for 130% weekly gain

26/02 An early surge in the shares of GameStop Corp fizzled and left the video game retailer's stock down more than 15% on Friday, throwing water on a renewed rally this week that has left. . .  Full story

Dutch competition regulators nearing draft decision in Apple investigation

26/02 Dutch competition authorities are nearing a draft decision in a years-long investigation into Apple Inc over rules requiring software developers to use its in-app payment system, according to a letter sent this month to developers. . .  Full story

Leonardo files for DRS NYSE listing, to be completed by end-March

26/02 Italy's Leonardo on Friday filed for the initial public offering (IPO) of its DRS unit on the New York Stock Exchange, the aerospace and defence group said, adding it aimed to complete the listing. . .  Full story

U.S. crude output drops to 11.06 mln bpd in December - EIA

26/02 U.S. crude oil output dropped 58,000 barrels per day to 11.063 million bpd in December, the U.S. Energy Information Administration said in a monthly report on Friday.. . .  Full story

U.S. repo rates recover, but outlook stays lower

26/02 The overnight U.S. repurchase agreement (repo) rate and the secured overnight financing rate (SOFR) recovered from roughly nine-month lows on Friday, but should remain under pressure this year as the market digests excess cash in. . .  Full story

U.S. drops 'safe harbor' demand, raising hopes for global tax deal

26/02 U.S. Treasury Secretary Janet Yellen told G20 officials that Washington had dropped the Trump administration's proposal to let some companies opt out of new global digital tax rules, U.S. and European officials said on Friday,. . .  Full story

U.S. urban office market, stung by pandemic, hopes tech firms drive comeback

26/02 The growing footprint in New York of major tech companies like Inc, Facebook Inc and Alphabet Inc's Google has given property owners and brokers hope that once the coronavirus has been conquered demand for. . .  Full story

CPPIB boss Machin quits after overseas trip for COVID shot defies govt advice

26/02 The head of Canada Pension Plan Investment Board (CPPIB), Mark Machin, has stepped down after his trip to the United Arab Emirates for vaccination against COVID-19 flouted Canadian government's travel advice and drew criticism.. . .  Full story

Fiscal stimulus fires up U.S. consumer spending; inflation benign

26/02 U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth. . .  Full story

LNG-Asian prices fall on lower heating demand

26/02 Asian liquefied natural gas (LNG) prices fell this week, with less demand for heating in the region and expectations that exports out of the United States will normalize after the Texas storm.. . .  Full story

Volkswagen sees strong rebound after 'containing' COVID

26/02 Volkswagen expects deliveries, revenues and margins to rebound strongly this year as the coronavirus pandemic eases, after an almost halving in profits in 2020 that was still better than the German carmaker originally expected.. . .  Full story

France says global tax deal in reach after U.S. move

26/02 An agreement on the overhaul of cross-boarder corporate tax rules is within reach by a summer deadline now that Washington has dropped a proposal that could let U.S companies opt out of the future. . .  Full story

Big freeze completes rebalancing of U.S. gas market: Kemp

26/02 Following last week's extreme cold weather, U.S. gas prices have fallen back rapidly because the large drawdown in inventories is not expected to create a lasting shortfall later in the year.. . .  Full story

U.S. no longer insists on 'safe harbor' clause in global tax reform - Germany

26/02 The United States is no longer insisting on a disputed clause in its proposal for reform of global digital taxation rules, removing one of the biggest stumbling blocks to an international agreement, German Finance Minister. . .  Full story

TSX slips as energy, materials stocks track weaker commodities

26/02 Canada's main stock index fell on Friday, a day after posting its worst session in nearly a month, with energy and materials stocks tracking weakness in commodities.. . .  Full story

Blank-check firm Big Sky Growth Partners files for U.S. IPO

26/02 Blank-check firm Big Sky Growth Partners Inc on Friday filed for an initial public offering of up to $300 million on the Nasdaq, it said in a regulatory filing.. . .  Full story

U.S. SEC subpoenas Overstock, seeks information on 2019 retail forecast

26/02 Inc said on Friday it received a subpoena from the U.S. Securities and Exchange Commission in January, seeking information on the company's 2019 forecast for retail unit and on certain communication with executives and. . .  Full story

Asia Gold-Low prices spark flurry of activity in India

26/02 Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.. . .  Full story

EU reviewing extension to steel import curbs

26/02 The European Commission on Friday began to review a possible extension of steel import curbs introduced in 2018 after Washington imposed 25% steel import tariffs.. . .  Full story

U.S. consumer spending rebounds in January

26/02 U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to low-income households and new COVID-19 infections dropped, setting up the economy for faster growth in the first quarter.. . .  Full story

Biden weighs path forward for $15 minimum wage after Senate roadblock

26/02 President Joe Biden is still committed to raising the U.S. minimum wage to $15 after a key Senate referee ruled the provision could not be included in the COVID-19 relief bill, a top White. . .  Full story

U.S. Treasuries' selloff give European stocks an edge

26/02 The selloff in U.S. Treasuries may finally give the bourses of Frankfurt, Paris or Milan a decisive edge for 2021 after five straight years of underperformance against Wall Street.. . .  Full story

Investment funds turn up heat on Danone to name new CEO

26/02 U.S. investor Artisan Partners on Friday joined activist firm BlueBell Capital Partners in urging French food group Danone <DANO.PA to find a new CEO to improve its governance practices and speed up efforts. . .  Full story

LVMH-backed fund buys majority stake in Birkenstock

26/02 Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit of. . .  Full story

Ontario Teachers fund to buy Carlyle's majority stake in Logoplaste

26/02 Ontario Teachers' Pension Plan Board will buy U.S. private equity firm Carlyle Group's majority stake in Portugal's Logoplaste for an undisclosed sum, the plastic packaging maker said on Friday.. . .  Full story

Danone says notes comments by Artisan in media

26/02 French food group Danone said on Friday it had noted public comments made by shareholder Artisan Partners which appeared in the media.. . .  Full story

China will extend tariff exemptions for 65 U.S. products

26/02 China's finance ministry said on Friday that it would extend tariff exemptions for 65 imported products from the United States, including logs and aircraft parts.. . .  Full story

Tech and financials boost $46.2 bln flows into global equity funds - BofA

26/02 Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data. . .  Full story

Bond markets left smarting from worst rout in years as reflation goes global

26/02 From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their biggest monthly rises in years as expectations for a post-pandemic ignition of inflation gained. . .  Full story

After Brazil ructions, a rethink for investors in emerging market state firms

26/02 Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets.. . .  Full story

Canadian banks' provisions-led earnings beats mask operational challenges

26/02 Canadian banks are likely to see slower growth from their core retail and business banking divisions in the next few quarters due to an uncertain economic recovery, but overall earnings could get a boost. . .  Full story

ICE sees spike in shipping fuel and wet freight derivatives trade activity

26/02 Trading in 0.5% Marine Fuel Oil (MFO) and Wet Freight contracts hit record levels this month, a year after the introduction of cleaner global shipping rules, the Intercontinental Exchange (ICE) said on Friday.. . .  Full story

Chinese refiners cool on crude purchases as oil futures rally

26/02 China's crude oil imports are set to slow in the second quarter after Brent prices hit a 13-month high, cooling demand and capping refiners' margins as they prepare to shut for planned maintenance, industry. . .  Full story

Left out? Israeli vaccine refuseniks fear exclusion as economy reopens

26/02 Israel has led the world in COVID-19 vaccinations. Now it faces another challenge that other countries will have to grapple with: how to balance public health and the rights of the unvaccinated.. . .  Full story

Foreigners turn net sellers of Japanese stocks as U.S. yields rise

26/02 Foreigners turned net sellers of Japanese equities for the first time in three weeks as rising U.S. yields prompted some investors to book profits after the local indexes hit their highest in about 30. . .  Full story

China's Huawei, reeling from U.S. sanctions, plans foray into EVs -sources

26/02 China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic. . .  Full story

Investors jumping the gun as TIPS, futures flag early Fed tightening

26/02 Some investors may be getting ahead of themselves as they price in a move by the Federal Reserve to pivot away from an ultra-easy monetary policy sooner than most expected just weeks ago.. . .  Full story