The man accused of killing 22 people in last Saturday's deadly mass shooting at an El Paso, Texas Walmart confessed to law enforcement upon his surrender and admitted to targeting Mexicans in the attack, per AP.
The latest: The suspect reportedly told the police on Saturday, "I'm the shooter," according to Detective Adrian Garcia per an arrest warrant affidavit obtained by the Washington Post.
Walmart has instructed employees to remove "any signing or displays that contain violent images or aggressive behavior," including those marketing violent video games, after recent mass shootings in El Paso and Dayton, the AP reports.
China’s vow to stop buying U.S. agricultural goods comes at a dire time for farmers, who have been cutting costs and picking up side-hustles — like hosting pizza nights for agri-tourists — to make ends meet.
Why it matters: Adverse weather conditions, slumping commodity prices and trade wars are threatening farmers' already-dwindling incomes, in the midst of the worst economic downturn for the sector since the 1980s.
Corporate America has an opportunity to make meaningful changes to the firearms industry while Congress dithers. But, so far, businesses are staying on the sidelines.
Transsion, a Chinese mobile phone maker focused on African markets under the Tecno brand, plans to raise upwards of $426 million in a Shanghai IPO.
Why it matters: It's a reminder of how many Chinese companies have major trading partners besides the U.S., which also was reflected in last night's better-than-expected export data. Sounds obvious, but it can sometimes be lost to myopia.
After buying back more than $1 trillion of their own stock last year, public companies are slowing their share repurchases in 2019, and that will add to troubles for the market and the economy.
Why it matters: Buybacks have been a major catalyst for the market’s rise in recent years and remain an important driver of higher prices, as earnings growth has slowed and investors have become net sellers of equities.
The stock market rebounded Wednesday, with major U.S. indexes finishing the day slightly higher or little moved from where they opened, but prices on safe-haven assets like gold, the Japanese yen and U.S. government debt continued to rise.
What happened: Gold prices rose to a 6-year high, above $1,500 per troy ounce, while the yen broke through 106 per dollar, nearing a 5-month high, and U.S. Treasury prices rose, taking down yields on the benchmark 10-year note below 1.6% in early trading.
President Trump met with first responders and survivors of last weekend's mass shootings in Dayton, Ohio, and El Paso, Texas, Wednesday, in a visit he hailed as "incredible." But it was also marked by divisive rhetoric against the media and political rivals — including local politicians.
Details: In a series of tweets after visiting victims of the mass shooting in Dayton, Ohio, Trump accused Sen. Sherrod Brown (D-Ohio) and Dayton Mayor Nan Whaley of lying in a press conference, insulted 2020 candidate Joe Biden as "boring," and called Fox News' Shep Smith worse than "Fake News CNN."
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