The Dow Jumped 250 Points Because a Reprieve for Huawei Goes Both Ways

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The Dow Jumped 250 Points Because a Reprieve for Huawei Goes Both Ways

Hope Returns. U.S. stocks jumped on renewed optimism. China’s central bank has taken steps over the weekend to boost its economy, while the White House extended the reprieve on China’s Huawei Technologies to continue part of the business with U.S. …
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General Electric rebuts allegations of accounting fraud

General Electric on Monday extended its counterattack against last week’s serious allegations Opens a New Window. that it committed accounting fraud on multiple levels. Continue Reading Below. GE’s head of investor relations emailed a multi-page rebuttal …
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Baidu beats estimates on strong video streaming growth

Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQIYI continues to see strong growth.
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What Happened in the Stock Market Today

Indexes rose, with Estee Lauder reporting strong sales and Aurora Cannabis making moves toward the market for hemp-derived products. Jim Crumly. (TMFSpeyside). Aug 19, 2019 at 5:16PM. Major benchmarks continued rebounding from jitters over trade …
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ViacomCBS Sets Board Members; Bob Bakish, Joe Ianniello New Deals Disclosed

ViacomCBS has unveiled the 13 members of its board of directors and details of new employment contracts for president-CEO Bob Bakish and CBS chairman-CEO Joe Ianniello. The disclosure came Monday in a filing with the Securities and Exchange …
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