S&P 500, Dow up as rising treasury yields boost banks
The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.
Stocks rally for a second day, setting aside trade fears
World stock markets rallied 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.
Chief executive of British American Tobacco is preparing to step down: Sky News
The chief executive of British American Tobacco Nicandro Durante is preparing to step down in the wake of a sector-wide share price decline prompted by investor concerns over slowing sales growth, Sky News reported on Wednesday.
Amazon considering opening up to 3,000 cashierless stores by 2021: Bbg
Amazon.com Inc is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-19/amazon-is-said-to-plan-up-to-3-000-cashierless-stores-by-2021 o…
Trudeau urges some U.S. flexibility in NAFTA, talks seen slow
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.
Delta joins United, JetBlue in hiking U.S. baggage fees to $30
Delta Airlines Inc, the second-largest U.S. airline, on Wednesday joined other major airlines in hiking domestic flight baggage fees by $5 per bag to $30.
SEC sues U.S. breast-implant company’s ex-CEO after stock dive
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 off…
Alibaba’s Jack Ma says can’t meet promise to create 1 million U.S. jobs: Xinhua
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.
DoubleLine’s Gundlach warns U.S. Treasury yields headed higher
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.
SEC sues ex-CEO of California breast implant company after stock nosedived
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 off…
