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Washington Post BusinessSep 20, 2019
China confirms detention of American FedEx pilot suspected of smuggling ammunition
The case against Todd A. Hohn threatens to further strain ties between Washington and Beijing amid their trade dispute.

MarketWatch MarketPulseSep 20, 2019
Stocks open higher as Dow and S&P 500 approach record highs
U.S. stocks opened higher on Friday, pushing key equity benchmarks closer to all-time highs, as investors keyed into encouraging signs on U.S.-China trade talks. The S&P 500 was up 0.2% to trade at 3,012. The Dow Jones Industrial Average advanced 59 points, or 0.2% , to 27,152. The Nasdaq Composite rose 0.1% to 8,192. The Dow and the S&P 500 are both within a percentage point of their all-time closing highs. News reports said President Donald Trump was exempting hundreds of Chinese products from tariffs. The exemption list will be published later on Friday by the U.S. Trade Representative office, according to CNBC. The Federal Reserve also occupied the attention of investors as two members of the central bank's policymaking committee, Eric Rosengren and James Bullard, explained their reasons for dissenting against the quarter point cut this week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

US STOCKS SNAPSHOT-Wall St opens slightly stronger amid stimulus hopes, easing trade tensions (Reuters Company News)

MarketWatchSep 20, 2019
Market Snapshot: Dow and S&P 500 set to test record highs as Trump administration said to exempt China products from tariffs
U.S. stocks on Friday are on track to open near records as investors look beyond a litany of central-bank decisions of the past week and focused on signs of improving China-U.S. trade developments.

MarketWatchSep 20, 2019
The Wall Street Journal: Rogue oil trader in Singapore loses $320 million
Mitsubishi said it closed the positions, fired the employee and filed a complaint with police.

Mitsubishi says Singapore-based oil trader lost $320 million in unauthorized trades (Reuters Business)
UPDATE 3-Mitsubishi says Singapore-based oil trader lost $320 mln in unauthorised trades (Reuters Company News)

MarketWatch MarketPulseSep 20, 2019
McDermott's stock rockets after exploring sale of Lummus business, valued at over $2.5 bln
Shares of McDermott International Inc. rocketed 82% in very active premarket trading Friday, after the provider of engineering and construction services to the energy industry said it was exploring the sale of its Lummus Technology business, which has been valued at more than $2.5 billion. Trading volume topped 8.9 million shares, making the stock the most actively traded ahead of the open. The company said it recently received unsolicited approaches to acquire all or part of Lummus, which is a licensor of proprietary petrochemicals, refining, gasification and gas processing technologies. "The process of exploring strategic alternatives is part of our ongoing efforts intended to improve McDermott's capital structure, and we plan to use the proceeds from any transaction involving Lummus Technology to strengthen our balance sheet," said Chief Executive David Dickson. McDermott said it has retained Evercore as lead advisor on strategic alternatives for McDermott. The stock, which has plummeted 73% this week through Thursday amid concerns the company may be mulling a bankruptcy, has shed 92% over the past 12 months through Thursday, while the SPDR Energy Select Sector ETF has lost 18.5% and the S&P 500 has gained 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Forbes HeadlinesSep 20, 2019
Stock Market Looking Up Amid Some Trade-Related Optimism
This morning, investors seem to be taking some cheer from a generally positive tone in the U.S.-China trade situation. Quadruple Witching Day could add some volatility.

MarketWatchSep 20, 2019
London Markets: British stocks climb cautiously on Brexit and trade war hopes, central bank easing
British stocks climbed higher on Friday on hopes for a Brexit deal and after U.S.-China trade talks resumed but the FTSE 100 was held back by a stronger pound.

Wall Street Journal US BusinessSep 20, 2019
Powell's Subtle Messaging to Trump on Trade Fight
Fed Chairman Jerome Powell's press conference this week carried a subtle message for President Trump: If you're worried about an economic slowdown, find a way to cool down the trade war.

Reuters BusinessSep 20, 2019
Wall Street opens slightly stronger amid stimulus hopes, easing trade tensions
U.S. stocks opened marginally higher on Friday as an interest rate cut by China's central bank and signs of co-operation on trade between the world's two largest economies allayed concerns about a slowdown in global growth.

Reuters Company NewsSep 20, 2019
US STOCKS-Wall St set to open higher on stimulus hopes, easing trade tensions
* Futures rise: Dow 0.24%, S&P 0.22%, Nasdaq 0.34% (Adds comment, details; updates prices)

MarketWatchSep 19, 2019
Metals Stocks: Gold logs first loss in 4 sessions after Fed delivers ‘hawkish cut' to interest rates
Gold prices end lower to mark their first loss in four sessions, a day after the Federal Reserve delivered a widely expected interest rate cut but left traders uncertain on the outlook for further easing.

MarketWatchSep 19, 2019
Project Syndicate: Powell's dilemma: Easing offsets trade uncertainty, but invites more of the same from Trump
Probably to Jerome Powell's deep and never-to-be-expressed frustration, the Fed is setting monetary policy in a way that increases the likelihood that Donald Trump will be re-elected next year.
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