News roundup: Wall Street surges as rate hike expectations recede … Global energy deals now higher than ‘supermajor’ era of late ’90s … Wal-Mart phasing out sales of assault weapons due to lack of customer demand

    Rallying back: Wall Street rallied more than 3% on Wednesday afternoon as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise in…

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