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What's News: Business & Finance -- WSJ

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09/16/2020 | 02:48am EDT

China's ByteDance would retain a majority ownership stake in its TikTok app unit as part of a proposal being reviewed by national security regulators in the U.S.

The FTC is gearing up to file a possible antitrust lawsuit against Facebook by year-end, according to people familiar with the matter.

China's economic recovery accelerated in August, with retail sales returning to pre-coronavirus levels by showing their first month of growth this year.

The WTO determined that some U.S. tariffs against China broke international trading rules.

The Trump administration moved to drop tariffs, reimposed just last month, on Canadian aluminum.

The Justice Department has joined the SEC in examining allegations that Nikola misled investors by making exaggerated claims about its technology.

The S&P 500 and Nasdaq rose 0.5% and 1.2%, respectively, while the Dow inched up 2.27 points.

Apple unveiled a new smartwatch, a virtual fitness service and bundled subscription options in a muted online event.

Ernst & Young, under fire for missing a suspected fraud at Wirecard, said auditors should play a bigger role in detecting wrongdoing.

FedEx reported the highest quarterly revenue in its history, as residential deliveries surged.

 

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.34% 27173.96 Delayed Quote.-4.78%
NASDAQ 100 2.34% 11151.132967 Delayed Quote.24.77%
NASDAQ COMP. 2.26% 10913.561787 Delayed Quote.21.63%
NIKOLA CORPORATION 1.88% 19.46 Delayed Quote.88.57%
S&P 500 1.60% 3298.46 Delayed Quote.0.49%
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