What's News: Business & Finance -- WSJ
August 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 (August 22, 2019).
Washington policy makers and Wall Street investors are being
confronted with a scenario in which there are few good options for
dealing with an economic downturn should one occur.
Federal deficits are projected to grow much more than expected
over the next decade after a budget agreement struck last
month.
Strict mortgage-lending requirements put in place after the
financial crisis are starting to erode.
Existing-home sales rose 2.5% in July, a sign lower mortgage
rates may have started to spur buying.
Retailers offering deals are snaring customers at the expense of
chains that have been slow to innovate.
U.S. stocks rose as strong earnings reports from retailers eased
some growth fears. The Dow gained 0.9%.
Alibaba has postponed plans for a share listing in Hong Kong due
to market instability and political uncertainty in the city.
Details about the U.S. sanctions-busting case against Huawei
emerged in Canada court filings.
The SEC voted 3-2 to urge proxy advisers to take more steps to
disclose how they craft shareholder recommendations.
The Trump administration is preparing to soon release it plan to
return Fannie and Freddie to private-shareholder ownership.
Germany sold 30-year debt at a negative yield for the first
time.
(END) Dow Jones Newswires
August 22, 2019 02:47 ET (06:47 GMT)
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