Wednesday, 22 August 2018

S&P 500 bull market now arguably the oldest ever

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S&P 500 bull market now arguably the oldest ever

The S&P 500's bull market turned 3,453 days old on Wednesday, making it the longest such streak in history, according to some investors' definition.

Nasdaq gains with help from technology, S&P ends session little changed

U.S. stock indexes were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run.

Wall Street's sector shakeup will let more tech stocks shine

Chipmakers, cloud-computing sellers and even credit card payment companies will have a greater chance to stand out in the information technology sector next month following the largest-ever shakeup of Wall Street's industry classification system.

Dollar, bond yields fall as investors weigh Trump woes

Key U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar slid further on Wednesday as investors weighed how a conviction and a guilty plea of former advisers will impact U.S. President Donald Trump.

Exclusive: Aramco listing plan halted, oil giant disbands advisors - sources

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.

Fed officials suggest rates likely to rise soon, worry about trade war

Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank's last policy meeting showed.

FOMC minutes: More hikes coming soon; trade a worry

U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve's last policy meeting showed on Wednesday.

Missouri judge affirms $4.69 billion talc verdict, J&J vows to appeal

A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson in a case involving 22 women and their families who alleged the company's talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.

JPMorgan extends Sapphire card brand to checking accounts

JPMorgan Chase & Co is extending its Sapphire credit card brand into checking accounts at the largest U.S. bank to attract increasingly wealthy millennials as lifetime customers, it said on Wednesday.

Investors in Tesla bonds show skepticism on buyout

Investors in the debt of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize.

Comcast gets valid acceptances for less than 1 percent of Sky shares

Comcast Corp said it had received valid acceptances for shares representing just 0.21 percent of Sky Plc after its 14.75 pound per share offer to buy 61 percent of the European broadcaster.

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