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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 08, 2019
Page
12
Stocks rebounded from a steep early drop led by tech and consumer staples while banks and energy slipped. Bond yields fell and gold spiked as traders sought safe assets amid escalating U.S. China trade tensions. The Dow, S and Nasdaq finished mixed with investors signaling ongoing volatility.
Washington timed moves push Beijing to retaliate as talks falter and a June cease fire fails. China warns over currency acts as U S Treasury labels it a currency manipulator. Global markets brace for prolonged conflict amid rate cuts.
Samsung unveils the Note 10 and Note 10 plus with larger batteries and wireless headphones focus. a smaller 6.3 inch Note 10 priced at 949 dollars targets users who want the S stylus in a compact size. FedEx says it will stop ground deliveries for Amazon as Amazon builds its own fleet expanding non Amazon business. Amazon grows its own air and ground network, reducing reliance on FedEx, UPS and the USPS.
Walgreens Boots Alliance says it will close 200 U S stores as part of a broader cost management program begun last year. The plan was disclosed in a regulatory filing and follows a prior UK closure announcement. No locations are listed and closures start this fall.
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