What's News: Business & Finance -- WSJ
29 January 2019 - 7:02PM
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 (January 29, 2019).
The Trump administration unveiled a sweeping set of criminal
charges against China's Huawei, accusing the telecom giant of
violating sanctions on Iran and stealing trade secrets.
Wynn Resorts agreed to a proposed settlement with Nevada
gambling regulators over allegations that executives turned a blind
eye to claims of sexual misconduct against Steve Wynn.
Caterpillar said its profit this year is likely to rise less
than analysts were expecting, citing China's slowing growth as a
factor.
Nvidia cut revenue expectations for its just-ended quarter,
citing weak demand in China and a rocky cloud-computing
business.
U.S. stocks fell on the latest signs that malaise in China is
crimping U.S. corporate profits. Both the Dow and S&P 500 lost
0.8%.
China's central bank cleared S&P Global to begin offering
credit-rating services via a wholly owned unit based in
Beijing.
Some investors blame stock volatility on the Fed shrinking its
bond portfolio, but the critique puzzles officials of the central
bank.
The SEC is investigating Nissan in connection with Ghosn's pay
disclosures.
Two groups of cyber criminals likely have stolen some $1 billion
in cryptocurrency hacks, a report says.
Facebook plans to make more data available world-wide about
political ads purchased on its services.
(END) Dow Jones Newswires
January 29, 2019 02:47 ET (07:47 GMT)
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