What's News: Business & Finance -- WSJ

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 (April 23, 2019).

Cain withdrew from consideration for a seat on the Fed's board, a setback for Trump's efforts to place a political ally on the central bank.

Oil prices surged to a six-month high after the administration said it would end waivers allowing countries to import Iranian oil.

Samsung delayed the rollout of its Galaxy Fold because of technical problems just days ahead of the smartphone's planned launch.

Kraft named AB InBev veteran Patricio to succeed Hees as CEO, a move that comes as company faces weak sales and an SEC inquiry.

The new overseer of Fannie and Freddie plans a new push to overhaul the housing-finance companies.

Sales of existing homes in the U.S. fell in March despite lower mortgage rates and a strong job market.

Big money managers have resumed buying the technology sector's so-called FANG stocks.

The S&P 500 eked out a 0.1% gain, extending a listless streak of trading. The Dow industrials fell 0.2%.

Facebook named a new top lawyer and a communications boss amid mounting regulatory and PR issues.

Tesla's Musk made his case for an on-demand robot taxi fleet that he promised would begin next year.

Ghosn was indicted on new charges in Japan, clearing the way for him to seek release on bail.

(END) Dow Jones Newswires

April 23, 2019 02:47 ET (06:47 GMT)

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