ZTE deal anchors U S China trade talks and fines
The United States and China reached a deal allowing ZTE Corp to stay in business in exchange for paying an extra 1 billion in fines and undergoing U S regulatory monitoring. ZTE must escrow 400 million, overhaul its board, and host a U S compliance team. The agreement follows prior sanctions violations and a seven year import ban.
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New Jersey moves to legalize sports betting after Legislature approval
The New Jersey Assembly and Senate unanimously passed a bill to legalize sports betting with Gov. Murphy weighing his signature. Monmouth Park and Borgata among anticipated early operators, while leagues call for stronger integrity protections and data sharing before the bill becomes law.
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Mixed finish for stocks as energy rises tech drops
U S stocks closed mixed as energy shares rose with crude near two percent while tech led losses for a worst drop in six weeks. The S&P 500 ended a four day win streak as smaller firms fell and the Nasdaq slid.
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