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 Shares of China video-surveillance firm Hangzhou HIK Vision Digital Technology Co. fell nearly 6% in Shanghai on Wednesday after reports the U.S. was considering adding the company to a blacklist. Citing sources,The New York Times said U.S. officials may look to punish the Chinese company for its role in the monitoring and detention of a largely Muslim ethnic minority in the country's northwest region of Xinjiang. If the ban goes through, the Commerce Department would force American companies to get approval to sell components to Hikvision. Bloomberg reported that U.S. officials were looking to add as many as five Chinese video surveillance firms to a blacklist. Trade tensions got small relief Monday by reports that the Trump administration will offer 90-day exemptions for some U.S. companies doing business with Huawei Technologies.
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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Shares of Nordstrom Inc. fell more than 9% in the extended session Tuesday after the retailer reported first-quarter sales below expectations and said it had "executional misses" with customers. Nordstrom said it earned $37 million, or 23 cents a share, in the quarter, compared with $87 million, or 51 cents a share, in the year-ago period. Revenue fell to $3.4 billion from $3.6 billion a year ago. Analysts polled by FactSet had expected earnings of 42 cents a share on sales of $3.6 billion. Nordstrom "began taking steps to drive improvement, which include: resolving executional issues associated with the launch of its enhanced loyalty program; further investing in its digital marketing; and re-balancing its merchandise assortment to better align with customer expectations," it said in a statement. Nordstrom stock ended the regular session up 1%.
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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Two transgender women have been killed and a third stabbed in the past seven months in Dallas. CNNTransgender woman killed in Texas weeks after being beaten in viral video, police say Boston 25 NewsDallas police investigate possible link to 2 slayings, stabbing of transgender women WFAA.comMuhlaysia Booker's killing similar to 2 other attacks on trans women, Dallas police say Dallas NewsDallas police investigate "similarities" in crimes against 3 transgender women CBS NewsView full coverage on Google News
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Both midprice department stores started off on the wrong foot in 2019.
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