Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.
World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared.
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row.
The U.S. Securities and Exchange Commission on Wednesday sued the founder and former chief executive of Sientra Inc for fraudulently concealing problems with his company’s breast and other implants as it was raising $61.4 million in a public stock offering.
Alibaba Chairman Jack Ma said the company no longer plans to create one million jobs in the United States due to the U.S.-China trade conflict, China’s news agency Xinhua reported http://www.xinhuanet.com/2018-09/19/c_1123456015.htm on Wednesday.
The most significant changes to Wall Street’s broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the “tech” rally that has fueled the stock bull market.
Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.
The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
Russia’s VSMPO-Avisma , the world’s largest titanium producer, and U.S. planemaker Boeing have launched a new manufacturing unit in Russia’s Urals region of Sverdlovsk, a local governor said on social … …read more […]
Apple unveiled three new iPhones this month, including its largest iPhone yet, the iPhone XS Max. With its 6.5-inch OLED display, the iPhone XS Max is officially wading into “phablet” territory. Back in 2012, the largest iPhone you could get — the iPhone 5 — had a screen that measured just four inches diagonally. …read more […]
Nike Inc has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company’s online sales from Thomson Reuters Proprietary Research.
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark.
A woman who helped kidnap Elizabeth Smart when she was a teenager and stood by as the Utah girl was sexually assaulted was released Wednesday after spending 15 years in prison. Wanda Barzee, 72, quietly left the state prison in the Salt Lake City suburb of Draper, bypassing a throng of reporters gathered outside, spokeswoman Kaitlin Felsted said. Smart, now 30, has said she was shocked and disappointed by the move and hopes Barzee will be closely watched and given treatment. …read more […]
The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while the tech-heavy Nasdaq was weighed by a drop in Microsoft.
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
