What's News: Business & Finance -- WSJ
June 18 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (June 18, 2018).
U.S. corporate earnings growth looks poised to slow from a
blistering pace, posing a new challenge to a long bull market that
is already contending with an uncertain global economic
outlook.
Auto makers are racing to equip pickup trucks with
fuel-efficient engines, a pivot away from putting gas-guzzling
engines into large vehicles.
Goldman Sachs bankers have been investing the firm's money in
startups, recently profiting from Spotify's IPO.
Perry Ellis founder George Feldenkreis will take the apparel
company private in a $437 million deal.
Amazon Prime members are benefiting from the Whole Foods
acquisition, with discounts and expanded free delivery.
A sharp rally in dollar-priced crude oil is hammering
governments and straining consumers outside the U.S.
Wells Fargo's ranking among muni-bond underwriters has sunk,
another consequence of the bank's sales-practices scandal.
Biotech and medical-technology startups in the U.S. and Europe
have found a new source of research funding: China.
(END) Dow Jones Newswires
June 18, 2018 02:47 ET (06:47 GMT)
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