Anti-China group urges Trump administration to block Chinese companies from U.S. markets: document
An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial markets, as the White House studies new ways to crack down on China.
After jolt, investors still see stocks as long-term bet
An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising U.S. stocks.
American Airlines expects to halt cash burn by year-end, shares jump
American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term liquidity.
New U.S. stock exchange MEMX adds Citigroup as investor
The Members Exchange (MEMX), a new U.S. stock exchange backed by some of Wall Street’s biggest firms that is preparing for a Sept. 4 launch, said it received financial backing from Citigroup Inc .
Exclusive: Venezuelan shipping magnate faces U.S. sanctions probe – officials
The United States is investigating a Venezuelan shipping magnate for possibly violating U.S. sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration officials.
Wall Street rebounds after biggest pullback since March
Wall Street’s main indexes jumped on Friday, recouping about half of the previous session’s sharp losses, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries.
China’s Tencent Music reports passive stake in Warner Music
China’s Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world’s third-largest recording label’s debut on the Nasdaq.
CVS joins Walmart in keeping multicultural beauty products out of locked cabinets
Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.
Wall Street jumps at open after previous session’s rout
U.S. stocks opened sharply higher on Thursday, a day after their biggest one-day dive in about three months on fears of a resurgence in coronavirus infections.
Dick’s Sporting Goods resumes paying dividend as stores reopen
Dick’s Sporting Goods Inc said on Friday it would resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened amid easing coronavirus-driven restrictions.
