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Wall Street gets tech boost as reports bolster hopes of trade deal

Wall Street gets tech boost as reports bolster hopes of trade deal

Wall Street rose on Wednesday on the back of gains in technology stocks, as investor sentiment was boosted by reports indicating an ease in trade tensions between the United States and China ahead of pivotal talks on Thursday.



7 years ago
The future of fintech: lending + services

The future of fintech: lending + services

Andreessen Horowitz | Anish Acharya In 2006, LendingClub introduced a then-novel business model: the ability to offer online personal loans to millions of underserved customers. The peer-to-peer lender was a media and investor darling, hailed as a tech-enabled alternative to traditional banks. When LendingClub went public in 2014, it was valued at $8.5 billion, the

7 years ago
Wearable device Fitbit to shift production out of China from January

Wearable device Fitbit to shift production out of China from January

Fitbit Inc will manufacture all its trackers and smart watches outside China from January, the wearable device maker said on Wednesday, the latest U.S. company looking to insulate itself from tariffs.



7 years ago
US small businesses are fighting an uphill battle against counterfeiters in China: 'It's like whack-a-mole'

US small businesses are fighting an uphill battle against counterfeiters in China: 'It's like whack-a-mole'

While the discussion about protecting IP has focused on big tech companies, small businesses are fighting an uphill battle with limited resources to protect their patents and trademarks in China.

7 years ago
'I can't afford retirement' is the main reason seniors say they continue to work

'I can't afford retirement' is the main reason seniors say they continue to work

Sticking around the office well into your 60s could help you strengthen your finances and manage the cost of insurance. Here are the benefits of staying at the workplace a little longer.

7 years ago
Trump says there is a 'really good chance' of U.S.-China trade deal

Trump says there is a 'really good chance' of U.S.-China trade deal

President Donald Trump said on Wednesday there was a very good chance that the United States and China will reach a trade agreement.



7 years ago
J&J shares fall but $8 billion jury award likely to be slashed

J&J shares fall but $8 billion jury award likely to be slashed

Johnson & Johnson shares were off more than 2% on Wednesday, a day after a U.S. jury said it must pay $8 billion in punitive damages to a plaintiff in a case involving its anti-psychotic drug Risperdal, a penalty the company and others are confident will not stand.



7 years ago
Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.



7 years ago
Decreasing U.S. job openings point to cooling labor market

Decreasing U.S. job openings point to cooling labor market

U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.



7 years ago
Oil rises on signs of warming U.S.-China tensions, military action in Syria

Oil rises on signs of warming U.S.-China tensions, military action in Syria

Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.



7 years ago
Halliburton cutting 650 jobs in U.S. as oilfield business slows

Halliburton cutting 650 jobs in U.S. as oilfield business slows

U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.



7 years ago
Oil steady as military action in Syria boosts prices, crude inventories weigh

Oil steady as military action in Syria boosts prices, crude inventories weigh

Oil prices edged up on Wednesday as Turkey launched an offensive in Syria that could disrupt crude production in the region and on hopes of progress in ending the U.S.-China trade war, but a build in U.S. crude inventories limited gains.



7 years ago
Wall Street advances on renewed trade deal optimism

Wall Street advances on renewed trade deal optimism

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations.



7 years ago
California power cutoff begins as wildfire risks rise

California power cutoff begins as wildfire risks rise

Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said.



7 years ago
Halliburton cutting 650 jobs as U.S. oilfield slowdown accelerates

Halliburton cutting 650 jobs as U.S. oilfield slowdown accelerates

Halliburton said on Wednesday it is cutting another 650 U.S. oilfield services jobs as U.S. and gas producers have slashed spending amid weak prices and investor demands for higher returns.



7 years ago