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Current feed - Reuters: Business News
S&P 500 dips as healthcare declines counter tech gains
The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China.
Dollar gains on lower rate cut expectations, stocks flat
The dollar edged higher and European shares fell on Wednesday as traders curbed expectations of an aggressive U.S. interest rate cut in July, while Wall Street traded little changed on mixed signals over China-U.S. trade talks at the G20 summit in Japan.
Bitcoin soars past $13,000 as Facebook's Libra fuels demand
Bitcoin jumped to an 18-month high on Wednesday, as investors looked for safety in alternative investments amid geopolitical tension, and cheered prospects that Facebook Inc's Libra token could push cryptocurrencies into the mainstream.
General Electric's machinists oppose tentative labor deal
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period.