Market Pulse - Usa
US close: Shares end mixed on China trade war fears; weaker dollar
US shares ended Wednesday on a mixed note as the Dow finished at record levels but the Nasdaq fell due to weak tech stocks. Worries over trade tensions with China and Treasury Secretary Steve Mnuchin's talking down of the dollar also contributed.
GE under investigation from US regulator after $6.2bn charge
General Electric is facing an investigation from the US Security and Exchanges Commission after it admitted to taking a $6. 2bn after-tax charge for insurance liabilities in the fourth quarter of last year.
US chipmaker Qualcomm fined €1bn by Brussels for collusion with Apple
US chipmaker Qualcomm has been fined €997m ($1. 2bn) by the European Commission, after it was found to have illegally paid tech giant Apple billions of dollars to use its chips exclusively.
New York sues big pharma firms over role in opioid crisis
New York City has filed a lawsuit in State Supreme Court against several drug manufacturers and distributors accusing them of being responsible of the deaths of many opioid addicts and the cost these illnesses pose to the city.