Alibaba’s Jack Ma goes back on promise to create one million U.S. jobs: Xinhua
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.
What sector overhaul means for tech stocks, Wall Street
(This September 19 story corrects paragraph five and six to clarify that only one FANG stock will remain in its current sector)
Canada’s Trudeau urges some U.S. flexibility in NAFTA talks
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.
U.S., China have lots of ‘ammunition’ and trade spat could escalate -WTO chief
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.
Nike’s Kaepernick ad spurs spike in sold-out items
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.
Bank of America to pay $30 million ‘manipulation’ penalty: CFTC
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.
Banks lift S&P, Dow; Nasdaq weighed by Microsoft
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.
BALPA union sees Ryanair industrial unrest continuing for foreseeable future
The British Airline Pilots Association (BALPA) said on Wednesday that it expected industrial unrest at Ryanair across Europe to continue for the foreseeable future.
Canada wants to see flexibility in NAFTA talks with U.S.
Canada said on Wednesday that it would need to see movement 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.
U.S. prosecutors charge three men in $364 million Ponzi scheme
Federal prosecutors have accused three men of portraying themselves as investment professionals and using a phony portfolio of consumer debt to defraud hundreds of unwary investors out of tens of millions of dollars as part of a $364 million Ponzi sche…
