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What's News: Business & Finance — WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 14, 2019).

The Trump administration suspended plans to impose new tariffs on about $156 billion in goods from China, citing concerns about the impact on businesses and consumers ahead of the holiday shopping season.

Stocks, bond yields and commodities jumped in reaction to the move. The S&P 500, Dow and Nasdaq rose 1.5%, 1.4% and 1.9%, respectively.

CBS and Viacom agreed to merge, a deal the firms hope will put them on stronger footing to compete with larger rivals in a business buffeted by cable-TV cord-cutting and increasingly dominated by streaming.

Inflation accelerated in July as an underlying measure of consumer prices posted its strongest two-month gain since early 2006.

U.S. mortgage debt hit a record in the second quarter, exceeding the 2008 peak reached as the financial crisis unfolded.

Fannie and Freddie will have to consider alternatives to the FICO score when determining a mortgage applicant's creditworthiness.

Boeing delivered fewer planes in July than in any month for the past decade, furthering the blow from the 737 MAX grounding.

Foxconn's profit fell 2.5% in the second quarter as Apple, its biggest customer, continued to struggle with weak iPhone sales.

Chinese e-commerce site JD.com delivered higher quarterly revenue and growth in its customer base.

 

(END) Dow Jones Newswires

August 14, 2019 02:47 ET (06:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.