Business Highlights

Both the Standard & Poor's 500 index and Dow Jones industrial average set all-time highs, and the Dow marked its ninth consecutive day of gains.

DUBAI, United Arab Emirates (AP) — The Abu Dhabi Investment Authority says it is committed to a long-term investment strategy despite a slump in oil prices and concerns about slower economic growth worldwide.

WASHINGTON (AP) — The United States moved Wednesday to recover more than $1 billion that federal officials say was stolen from a Malaysian sovereign wealth fund and used for high-end real estate, fancy artwork and production of the Hollywood film, "The Wolf of Wall Street."

The complaint, filed in Los Angeles, alleges a complex money laundering scheme that the Justice Department says was intended to enrich top-level officials of a government-controlled Malaysian wealth fund.

NEW YORK (AP) — American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards.

AmEx sold the Costco portfolio to Citigroup, providing one-time after-tax gain of $677 million for the April-June quarter.

NEW YORK (AP) — Morgan Stanley's profits fell 14 percent in the second quarter, the bank said Wednesday, reflecting difficulties investment banks have had due to market volatility before and after Britain's vote last month to leave the European Union.

NEW YORK (AP) — Macy's is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they're in — like where a particular brand is located or what's in stock — that they would normally ask a sales associate face-to-face.

NEW YORK (AP) — HSBC Bank's head of foreign exchange cash trading has been arrested in New York on charges he traded ahead of his customers to make millions of dollars.

THE HAGUE, Netherlands (AP) — Consumer products giant Unilever says it has ag