U.S. Stocks Fall After Retail Data
U.S. stocks retreated from a stretch of all-time highs, with the Dow down more than 400 points, as weaker-than-expected retail sales and concerns about the Delta variant weighed on investor optimism.
Jerome Powell Says It's Unclear What Covid-19 Surge Means for Economy
"The Covid pandemic is still casting a shadow on economic activity," the Fed chairman says at an event with students and educators.
Alibaba's U.S. Listing Falls to Lowest Since 2019
The shares of several tech companies declined after authorities in Beijing released a new round of proposed regulations.
Cargo Ships Are Again Idling Off Jammed Southern California Ports
Dozens of container ships are anchored off the ports of Los Angeles and Long Beach. A crush of advance orders from U.S. manufacturers and retailers is contributing to the bottlenecks.
China Steps Up Direct Involvement in Internet-Content Firms
China is taking a more direct hand in managing internet content companies by acquiring stakes, filling board seats and sending dedicated regulators to police content at firms more frequently.
China Set to Pass One of the World's Strictest Data-Privacy Laws
The world's leading practitioner of state surveillance is set to usher in a far-reaching new privacy regime with a law that resembles Europe's robust framework for online privacy protections-up to a point.
Pelosi Braces for Showdown With Moderates Over Infrastructure Vote
Moderate House Democrats want to vote on the infrastructure bill alone while Speaker Nancy Pelosi intends to pair it with a $3.5 trillion broader measure.
Japan's July Exports Surged 37.0% on Year
Japan's exports in July rose by double digits for the fifth-straight month, driven by the EU's demand for steel, Ministry of Finance data showed Wednesday.
Delta Variant Threatens Small Businesses as It Slows Return-to-Office Plans
Many big employers now intend to keep staffers home after Labor Day, in a new blow to the shops, retailers and restaurants that rely on them.
Hedge Funds Bet Against Cathie Wood's ARK Innovation ETF
A legion of retail traders helped make the ARK stock fund one of the hottest investments of the past year. Now, some professional investors including Michael Burry from "The Big Short" are betting on its demise.
(END) Dow Jones Newswires
08-17-21 2115ET
