Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
An investor in Victoria's Secret parent L Brands is asking the company to consider splitting fragrance and personal care shop Bath & Body Works from the lingerie chain.
The hedge fund Barington Capital sent a letter to L Bands Chairman and CEO Leslie Wexner on Tuesday. Its shares were trading up by more than 3 percent on Tuesday.
In the letter, Barington Capital argues that improved merchandising and fresh branding would help the struggling Victoria's Secret brand. The hedge fund says Victoria's Secret was late to the athleisure trend and missed the shift toward bralettes and sports bras.
"Victoria's Secret's brand image is starting to appear to many as being outdated and even a bit 'tone deaf' by failing to be aligned with women's evolving attitudes towards beauty, diversity and inclusion," Barington writes in the letter.
L Brands said last month it plans to close roughly 53 Victoria's Secret stores in 2019. Comparable store sales for Bath & Body Works, known for its scented lotions and candles, rose 12 percent in the fourth quarter of 2018.
The hedge fund said it is encouraged by Victoria's Secret's recent reentry to the swimwear category. The letter notes while the brand has improved diversity in its advertising campaigns, it still uses models that "depict a very narrow definition of beauty."
Barington also asked L Brands to make changes to its directors to improve the independence and diversity of its board.
In a statement, L Brands said it "welcomes open communications with our shareholders and values input that may advance our goal of enhancing shareholder value."