Bear market in China; GE sells another business; Brexit trouble [CNN]
GE Aerospace (GE)
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Source: CNN
Bear market in China; GE sells another business; Brexit trouble 1. China bears: China's benchmark Shanghai Composite has entered bear market territory, closing down more than 20% below its recent high in January. The index fell 0.5% Tuesday. Chinese stocks have come under pressure in recent weeks from concerns over the strength of the country's economic growth and an emerging trade war with the United States. Potential restrictions on Chinese investments in the United States are the latest worry. US Treasury Secretary Steven Mnuchin tried to defuse concerns amid a market sell-off on Monday. He tweeted that media reports on the investment restrictions were "false, fake news." He suggested that the measures would be "not specific to China, but to all countries that are trying to steal our technology." 2. GE sells another business: Walgreens ( WBA ) will officially replace General Electric ( GE ) on the Dow before the market opens, ending its 110 year membership. GE, the Dow's w
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