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GE in crisis mode as its stock suffers worst 8-day run since March 2009

GE in crisis mode as its stock suffers worst 8-day run since March 2009

GE in crisis mode as its stock suffers worst 8-day run since March 2009 Long-term investors in General Electric Co. may be feeling a bit of déjà vu, as the stock’s plunge and credit rating downgrades may feel similar to what happened at the depths... Read more >
Uber’s top adviser has resigned following reports of a sexual-misconduct investigation

Uber’s top adviser has resigned following reports of a sexual-misconduct investigation

Uber executive Cameron Poetzscher, who led corporate development at the ride-hailing startup, has resigned following reports of an investigation into sexual misconduct, according to The Wall Street Journal. A spokesperson for Uber confirmed Poetzscher’s departure to Business Insider without commenting on the reason. “We thank Cam... Read more >
Chinese central bank’s step into Hong Kong to ‘improve transparency and liquidity’

Chinese central bank’s step into Hong Kong to ‘improve transparency and liquidity’

Chinese central bank’s step into Hong Kong to ‘improve transparency and liquidity’ The planned bill sale by the People’s Bank of China (PBOC) in Hong Kong next week, the central bank’s first step towards creating a offshore monetary policy, will improve market transparency and help... Read more >
U.S. Appeals Court rules against Sunoco in excise tax case

U.S. Appeals Court rules against Sunoco in excise tax case

U.S. Appeals Court rules against Sunoco in excise tax case The U.S. Court of Appeals for the Federal Circuit on Thursday upheld a lower court ruling that Sunoco (SUN.N) not be allowed to deduct $1 billion in alcohol fuel mixture credits on its federal excise... Read more >
JP Morgan’s chart expert says if the S&P 500 can stay above 2,700, the market comeback is for real

JP Morgan’s chart expert says if the S&P 500 can stay above 2,700, the market comeback is for real

Consistent S&P 500 closes above the 2,700 level could signal a sustained market rally, J.P. Morgan says. Read more >
US and China exchange new trade war blows as latest round of tariffs takes effect

US and China exchange new trade war blows as latest round of tariffs takes effect

Chinese President Xi Jinping’s government imposed taxes on 5,207 kinds of U.S. products, valued at about $60 billion. Read more >