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'Eleventh hour' US-China trade deal could happen before tariffs kick in Sunday, analysts say CNBCU.S. and Chinese Trade Negotiators Planning for Delay of December Tariffs The Wall Street JournalTrade has put markets in a chokehold CNNWhy Trump's Short-Term Pain for Long-Term Gain Policy on China Is Worth It Townhall
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 Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
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 European shares fell on Wednesday
as the deadline approached for new U.S. tariffs on Chinese
goods, while two major central banks held policy meetings.
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Developing world stocks inched up on
Wednesday, while currencies trod water ahead of the conclusion
of a U.S. Federal Reserve policy meeting, with uncertainty over
the Sino-U.S. trade war adding to the cautious mood.
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 The U.S. Army is looking to fund construction of rare earths processing facilities, Reuters reported, citing a government document it saw. The report said it would be the first financial investment by the U.S. military into commercial-scale rare earths production since the Manhattan Project. China has threatened to stop exporting rare-earths minerals.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Saudi Aramco shares were
indicated at 35.2 riyal ($9.39) each in the pre-market auction
on Wednesday, 10% above their IPO price of 32 riyals, Refintiv
data shows.
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 Most Asian stock markets traded higher Wednesday, with investor moods cautiously lifted by a report that U.S. President Donald Trump might delay a weekend tariff hike on $160 billion in Chinese goods.
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 Trump mocks impeachment, talks up trade deal at rally in key state Pennsylvania
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Investors are looking rattled on Tuesday as that U.S.-China trade deadline nears. Our call of the day from hedge fund manager Kyle Bass, says: "Don't bet against the U.S.A."
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 U.S. and Chinese trade negotiators planning for delay of December tariffs: WSJ
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XP Inc. , a provider of brokerage, investment-advisory and asset-management services in Brazil, priced its initial public offering higher than it projected Tuesday evening to pull in almost $2 billion. XP announced that it will sell about 72.5 million shares for $27 apiece, for a total take of $1.98 billion and an initial valuation of $13.75 billion. XP had targeted an IPO price of $22 to $25 a share, according to a filing with the Securities and Exchange Commission. The company is selling about 42.6 million shares, while shareholders are putting up nearly 30 million. Underwriting banks - which includes XP itself - have access to an additional 10.9 million shares from selling shareholders, which could drive the totals higher. XP shares are now expected to begin trading Wednesday morning on the Nasdaq Global Select Market under the ticker symbol XP.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, officials on both sides said, as they haggle over how to get Beijing to commit to massive purchases of U.S. farm products on which President Trump is insisting for a near-term deal.
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Chevron Corp. said late Tuesday it expects after-tax charges between $10 billion and $11 billion in its fourth-quarter results, more than half related to natural-gas bets in Appalachia. The company held its 2020 capital spending plan at $20 billion for the third year, highlighting its "world-class" oil holdings in West Texas's Permian Basin, deepwater Gulf of Mexico, and in Kazakhstan. The impairment charge is a result of the company's "disciplined approach to capital allocation" and a cut in its commodity prices outlook, Chevron said. As a result, the company will cut funding to several natural-gas projects, including those in Appalachia and international projects such as a liquified natural gas project in Canada. "We believe the best use of our capital is investing in our most advantaged assets," Chief Executive Michael Wirth said in a statement. "With capital discipline and a conservative outlook comes the responsibility to make the tough choices necessary to deliver higher cash returns to our shareholders over the long term." Chevron is evaluating "strategic alternatives" for the natural-gas assets, including selling them, it said. Shares of Chevron fell 0.5% in the extended session after ending the regular trading day up 0.5%. The oil and gas company is expected to post fourth-quarter results in late January.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stocks ended slightly lower for a second day on Tuesday, after erasing earlier gains, as Wall Street weighed U.S-China trade negotiations.
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