How major US stock indexes fared Thursday

Stocks closed higher Thursday as investors grew cautiously optimistic the U.S. and China can make progress in upcoming trade talks.Technology, financial and consumer-focused stocks helped power the modest rally, which extended the market’s solid gains from the day before despite losing some momentum in the final hour of trading. Bond yields rose, oil prices fell.On Thursday:The S&P 500 index rose 8.64 points, or 0.3%, to 3,009.57.The Dow Jones Industrial Average gained 45.41 points, or 0.2%, to 27,182.45.The Nasdaq added 24.79 points, or 0.3%, to 8,194.47.The Russell 2000 index of smaller company stocks gave up 0.65 points, or less than 0.1%, to 1,575.07.For the week:The S&P 500 is up 30.86 points, or 1%.The Dow is up 384.99 points, or 1.4%.The Nasdaq is up 91.39 points, or 1.1%.The Russell 2000 is up 69.90 points, or 4.6%.For the year:The S&P 500 is up 502.72 points, or 20.1%.The Dow is up 3,854.99 points, or 16.5%.The Nasdaq is up 1,559.19 points, or 23.5%.The Russell 2000 is up 226.51 points, or 16.8%.The Associated Press read more

Spotify entrepreneur loses legal battle to stop brother sending emails about his

first_imgTanweer, the head of credit and emerging markets at Unicredit Bank, admitted that some of his emails “may have been a bit overzealous”. But he told Mr Justice Nicklin that although Shakil’s claim had been “dressed up” as harassment, the case was really all about protecting his reputation. His behaviour was described as “less than exemplary” but the judge said there was no suggestion that he did not believe the allegations against his brother were true.He ruled that the emails had caused Shakil little more than “annoyance or distress” and did not justify an injunction. He suggested that the businessman could “exercise a degree of self-help” and simply delete them.And he said the order sought against his brother would “represent a very serious interference with his right of freedom of expression.”The judge, who said Shakil played a “significant role” in Spotify and was a close personal friend of Mr Ek, refused to deal with the case anonymously.Refusing an injunction, the judge said: “I do not consider these emails have crossed the line from unattractive, even unreasonable, to oppressive and unacceptable.” He did not make any findings as to whether the emails amounted to harassment, which will be dealt with at a later hearing. Lifting reporting restrictions, so that the brothers can be publicly named for the first time, the judge said: “There is … no justification for a blanket order.”center_img A Spotify entrepreneur has lost a High Court battle to stop his banker brother from sending “harassing” emails detailing his criminal past.Shakil Khan, an investor in the digital music service, argued that emails sent by his brother, Tanweer Khan, should be blocked.The court heard that 70 messages were sent by Tanweer to his brother, as well as Daniel Ek, the Spotify chief executive, and other associates between late 2016 and 2017.Shakil Khan had “a number of spent convictions” dating back to the Nineties, the court heard, including a “serious drugs conviction” for which he was imprisoned for two-and-a-half years. But while the content of some of the emails was described as “strident”, a senior judge concluded that they did not amount to harassment.The two brothers had fallen out over comments made by Shakil Khan in a podcast last year. Tanweer Khan attacked his brother’s public presentation of his criminal record as “a varnishing of the truth” and was said to have been “incensed” when his brother accused their father of beating him up during his childhood in Dagenham.The banker said that “in his culture, disrespecting one’s father is regarded very seriously and all the more so if he is dead”.last_img read more