What's News: Business & Finance -- WSJ
December 22 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 (December 22, 2018).
U.S. stocks ended a brutal week on track for their worst month
since the financial crisis, the culmination of a fourth-quarter
market rout that threatens to halt the longest-ever bull market.
The Nasdaq slid into a bear market.
The U.S. economy struck mixed chords as it rounded out the year,
with consumer confidence high and households spending, but
manufacturers pulling back.
Minneapolis authorities declined to charge JD.com founder Liu
Qiangdong in a sexual-misconduct case.
Goldman CEO Solomon made a forceful defense of the firm, which
is under fire for its dealings with 1MDB.
More than $2 billion of the $12.8 billion that Altria is
investing in e-cigarette maker Juul is cash going directly into its
workers' pockets.
HNA is in talks to sell Ingram to Apollo Global and is aiming
for a price of $7.5 billion, including debt.
China will step up efforts to arrest an economic downturn while
easing off its push to hold back debt.
The SEC brought its first enforcement action against a robo
adviser, accusing Wealthfront Advisers of misleading clients.
(END) Dow Jones Newswires
December 22, 2018 02:47 ET (07:47 GMT)
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