September 19, 2018

S&P, Dow lifted by financials; Microsoft pressures Nasdaq

The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, as bank stocks gained on rising Treasury yields, while a drop in Microsoft pressured […]
September 19, 2018

Goldman Sachs nears deal to sell its fintech app: WSJ

Goldman Sachs is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall […]
September 19, 2018

Strap on the Fitbit: John Hancock to sell only interactive life insurance

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track […]
September 19, 2018

Amazon’s use of merchant data under EU microscope

EU regulators are quizzing merchants and others on U.S. online retailer Amazon’s use of their data to discover whether there is a need for action, Europe’s […]
September 19, 2018

China’s Tencent Music seeks $2 billion in U.S. IPO: sources

Tencent Music Entertainment Group, China’s biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the […]
September 19, 2018

World stocks bat aside trade war fears, rally for second day

Global equities 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 as […]
September 19, 2018

AutoNation’s Mike Jackson to step down as CEO next year

AutoNation Inc’s longtime Chief Executive Officer Mike Jackson will step down from the role next year but remain executive chairman until 2021, the largest U.S. auto […]
September 19, 2018

China says won’t weaken currency to boost exports, as U.S. tariffs mount

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one […]
September 19, 2018

Futures flat, 10-year yields head back above 3 percent

U.S. stock markets headed for a flat open on Wednesday, holding just off three-week highs after brushing aside the latest blows in Washington and Beijing’s trade […]
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