What's News: Business & Finance -- WSJ

Date : 05/22/2019 @ 8:02AM
Source : Dow Jones News

What's News: Business & Finance -- WSJ

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 (May 22, 2019).

The U.S. has sharply slowed approvals for the nation's semiconductor firms to hire Chinese nationals for advanced engineering jobs, industry insiders say.

Sales at several major retail chains slowed in the latest quarter, clouding the outlook for the sector as it braces for higher tariffs on imported Chinese goods.

Weeks after faulty sensor data led a 737 MAX to crash in Indonesia, a Boeing executive raised and dismissed the possibility of a bird strike triggering a second disaster.

Saudi Arabia has agreed to purchase U.S. liquefied natural gas from Sempra, marking a new strategic direction for the kingdom.

Avon is nearing a sale to Brazil's Natura Cosmeticos, according to people familiar with the matter.

The U.S. housing market continued to soften in April, as existing-home sales fell despite falling mortgage rates and a strong economy.

Potential Fed nominee Shelton said she would bring a different perspective to the central bank and press for a change in how it sets rates.

U.S. stocks rose, lifted by the tech sector. The Nasdaq added 1.1%, while the Dow and S&P 500 both gained 0.8%.

The SEC released new guidelines that will make it tougher for stock exchanges to increase data fees.

Coca-Cola is reviving New Coke for a limited time in a promotion with the Netflix series "Stranger Things."


(END) Dow Jones Newswires

May 22, 2019 02:47 ET (06:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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