What's News: Business & Finance -- WSJ
19 September 2020 - 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 (September 19, 2020).
The Trump administration will begin banning downloads and use of
popular Chinese-owned apps TikTok and WeChat late Sunday, in a move
U.S. officials said was driven by national-security concerns but
which drew objections for impinging on free-speech rights.
Declines in tech shares helped push the S&P 500 down 1.1%,
posting a third consecutive week of losses. The Dow and Nasdaq fell
0.9% and 1.1%, respectively.
The Fed's commitment to deploy billions of dollars to prop up
the economy was a boon for BlackRock, the company it hired to help
execute its plan.
Large states in the Northeast and West logged some of the
highest unemployment rates in the U.S. in August.
The LSE took a key step toward gaining regulatory approval for
its $15 billion acquisition of financial-data company
Refinitiv.
Many cinemas have reopened, but weekly box-office receipts
suggest much of the public harbors concerns about going back to the
movies.
A federal grand jury has indicted six people on charges of
bribing Amazon employees to gain advantages for third-party sellers
on the e-retailer's online storefront.
(END) Dow Jones Newswires
September 19, 2020 02:47 ET (06:47 GMT)
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