China Confirms Exit Ban on Wells Fargo Banker
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China said the case of a Wells Fargo & Co. banker blocked from leaving the country was related to a criminal matter, escalating an episode that already underscored global firms’ fears about operating in the nation.
Stocks traded mixed Tuesday as longer-dated Treasuries rose following an inflation reading that rose in June from May despite being relatively tame. Tech stocks traded higher after Nvidia said it would restart some chip sales to China.