What's News: Business & Finance -- WSJ
September 12 2020 - 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 (September 12, 2020).
U.S. stocks capped off a topsy-turvy trading session with a
second straight week of declines, continuing a stretch of
volatility that many say is a bellwether for the autumn months.
Some of the nation's largest employers, including CVS Health,
Wells Fargo and the U.S. Postal Service, say they won't implement
Trump's payroll-tax deferral plan.
The global economy is bouncing back from its spring collapse,
but fresh data suggest the early gains from the lifting of
lockdowns are already exhausted.
Facebook is appealing a preliminary order by Ireland's privacy
regulator to suspend its data transfers from Europe to the U.S.
Warner Bros. is postponing the release of its Wonder Woman
sequel by more than two months, the latest in a series of Hollywood
stutter steps amid the pandemic.
The NYSE is signaling that it will move its electronic trading
systems out of New Jersey if the state implements a proposed tax on
financial transactions.
Kroger posted higher quarterly sales from pandemic-driven demand
for groceries, but signaled that growth has slowed from the first
months of the crisis.
(END) Dow Jones Newswires
September 12, 2020 02:47 ET (06:47 GMT)
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