What's News: Business & Finance -- WSJ
July 22 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 (July 22, 2019).
The biggest tech companies are propelling major U.S. indexes'
record run, highlighting investor enthusiasm for the hottest stock
sector as economic growth softens.
Tax rates at many public companies have fallen sharply as a
result of the tax overhaul, and other firms have been able to stay
toward the bottom of the scale.
The surging popularity of low-cost investment funds has raised
the pressure on some of the firms most responsible for the
industry's transformation.
Barneys has become a high-profile example of the pressure put on
retailers by high rents in many prime U.S. shopping areas.
Disney's "Avengers: Endgame" is poised to become the new
all-time box-office champion, surpassing "Avatar."
J&J faces a key test of its defense against federal
talc-safety lawsuits at a hearing that begins Monday.
Restaurants are sweetening pay packages and adding perks to
attract and retain workers in the tightest job market in
decades.
Walmart's finance executives are undergoing a shuffle as the
company absorbs Jet.com into its digital operation.
(END) Dow Jones Newswires
July 22, 2019 02:47 ET (06:47 GMT)
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