U.S. judge approves CVS purchase of insurer Aetna
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal under antitrust law.
Equities advance, U.S. Treasury yield curve steepens on easing geopolitical fears
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as upbeat geopolitical news and positive economic data from China helped revive risk appetite.
Wall Street rises on strong Chinese data, Hong Kong and Brexit news
Wall Street’s main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers’ approval of a law to delay Brexit provided relief to investors worried about global growth.
U.S. trade deficit shrinks, gap with China remains elevated
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a six-month high.
T-Mobile US workers worry Sprint deal will mean job losses
T-Mobile US retail employees and technicians delivered a letter late Tuesday for Deutsche Telekom CEO Tim Hoettges, seeking assurances that their jobs and paychecks will be safe if the wireless carrier is allowed to merge with Sprint, its smaller rival…
EU looking to see if Facebook’s Libra currency poses competition risks
EU regulators are examining Facebook’s proposed Libra cryptocurrency to see if it harms competition, Europe’s antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network’s move into financial services.
U.S. economy growing modestly as trade war dents activity: Fed
The U.S. economy grew at a modest pace in recent weeks, with manufacturing buffeted by a global slowdown while consumer purchases gave mixed signals on the strength of household spending, the Federal Reserve reported on Wednesday.
Global stocks rally, U.S. Treasury yield curve steepens on upbeat geopolitical news
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as easing geopolitical concerns and upbeat economic data from China helped revive investor risk appetite.
U.S. safety agency cites driver error, Tesla Autopilot design in crash report
The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc’s Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.
In subtle differences, hints of robust Fed rate-cut debate
With just two weeks to go before their next policy-setting meeting, leading Federal Reserve officials are describing the U.S. economy and what they should do about it in subtly different ways, hints that a robust debate about whether and how much to cu…
