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Stock Futures Point to Tepid Rise for Week

17Sep By Editorial BoardNo Comments

Markets

Stock Futures Point to Tepid Rise for Week

U.S. stock futures edged up ahead of fresh data on consumer sentiment, pointing to a subdued end to a choppy week in markets. Futures tied to the S&P 500 edged up less than 0.1%, pointing to a tepid finish for the broad-market index that has gained 0.3% this week so far. Nasdaq-100 futures were relatively flat, while Dow Jones Industrial Average futures climbed 0.1%.

China Wants Gig Workers to Have More Power—Just Not Too Much

HONG KONG—China’s communist state has made a show in recent months of supporting the lowest-level workers in the country’s bare-knuckle tech industry, an emerging plank in leader Xi Jinping’s campaign to shrink the country’s wealth gap and usher in a new era of “common prosperity.” The moves also bolster a sweeping effort by Mr. Xi to exert more control over one of the nation’s few strategic sectors that is dominated by private capital.

Ex-Boeing Pilot Expected to Face Prosecution in 737 MAX Probe

Federal prosecutors plan to criminally charge a former Boeing Co. pilot they suspect of misleading aviation regulators about safety issues blamed for two fatal crashes of the 737 MAX, according to people familiar with the matter. Mark Forkner, who was Boeing’s 737 MAX chief technical pilot during the aircraft’s development, is likely to face prosecution in the coming weeks, these people said. In his former role, Mr. Forkner served as the plane maker’s lead contact with the Federal Aviation Administration for how airline pilots should be trained to fly the new jet.