What's News: Business & Finance -- WSJ
June 29 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 29, 2019).
Stocks notched solid gains in the second quarter with the
S&P 500 advancing 3.8%. Halfway through 2019, the index has
risen 17%, its best first half of the year since 1997.
Apple is manufacturing its new Mac Pro computer in China,
shifting abroad production of what had been its only major device
assembled in the U.S.
OPEC is set to extend its oil production cuts into the second
half of this year.
Deutsche Bank is weighing whether to eliminate up to 20,000
jobs.
The U.S. blacklisting of Huawei is casting a net that extends
far wider than its target.
Online marketplace RealReal's shares soared 45% in their first
day of trading.
A former top Abraaj executive pleaded guilty to engaging in
racketeering and fraud at the private-equity firm.
The family behind Lego and two partners will buy the operator of
Madame Tussauds wax museums and Legoland theme parks.
Constellation reported strong earnings on its beer, wine and
spirits and raised its profit outlook.
Hedge fund Third Point panned United Technologies' merger with
Raytheon.
Federal prosecutors have subpoenaed records related to Boeing's
787 Dreamliner.
(END) Dow Jones Newswires
June 29, 2019 02:47 ET (06:47 GMT)
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