What's News: Business & Finance -- WSJ
15 November 2018 - 8:02AM
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 (November 15, 2018).
The global economy has hit a soft patch, new data from Japan,
Germany and China show, leaving the U.S. at risk should the
slowdown persist.
Inflation flared in the U.S. in October, with the CPI rising
0.3%, but the increase could prove fleeting.
General Electric's pummeling by investors is sending ripples
throughout financial markets.
PG&E shares fell nearly 22% as concerns grew about potential
liability costs from California wildfires.
Massive price swings are rattling energy markets amid questions
about the health of the global economy.
U.S. stocks fell in a volatile session. The Dow and S&P 500
both lost 0.8%, while the Nasdaq shed 0.9%.
Macy's delivered healthy sales growth in its latest quarter and
raised its guidance for the year.
Berkshire took a $4 billion stake in JPMorgan in the third
quarter, boosting its bet on the banking industry.
Dell plans to sweeten a $22 billion deal to buy out an affiliate
and return to the public markets.
Uber is seeing slower sales growth ahead of its planned IPO next
year.
(END) Dow Jones Newswires
November 15, 2018 02:47 ET (07:47 GMT)
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