What's News: Business & Finance -- WSJ
June 21 2019 - 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 21, 2019).
The S&P 500 rose 0.9% to its first record close since April,
underscoring confidence on Wall Street that the U.S. economy and
world markets remain healthy despite a fresh tumble in global bond
yields.
Oil prices surged as tensions mounted in the Mideast and the
dollar fell, extending a period of high volatility for crude.
The share of investor purchases of U.S. homes has climbed to a
record, posing a challenge for millennials and other first-time
buyers.
Apple is asking suppliers to study shifting final assembly of
some products out of China, as trade tensions spur contingency
plans.
Shares of Slack ended 49% higher than the reference price in
their trading debut on the NYSE.
UnitedHealth has struck a deal to buy health-care payments firm
Equian from its private-equity owner for about $3.2 billion.
Walmart agreed to pay about $282 million to resolve criminal and
regulatory probes into whether it paid bribes around the world.
PayPal said Bill Ready, the fintech company's chief operating
officer, is leaving at the end of the year.
U.S. firms brought home more foreign profits in the first year
after the tax overhaul than the government previously
estimated.
McDonald's is designing voice-activated drive-throughs and
robotic deep-fryers to speed up service.
(END) Dow Jones Newswires
June 21, 2019 02:47 ET (06:47 GMT)
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