Stock Market
Payments to U.S. Brokers Surged Amid Meme-Stock and Options Boom

Brokerages serving individual investors received a windfall last year for selling their customers’ order flow to electronic trading firms, even as the practice faced increasing scrutiny from regulators. The dozen largest U.S. brokerages earned a combined $3.8 billion for selling their customers’ stock and options orders last year, up 33% from 2020, according to new […]

Updated: Feb 1, 2022
Investors Sour on Muni Funds

Investors pulled $1.4 billion from municipal bond funds in the week ended last Wednesday, the biggest weekly outflow since the early days of the pandemic, according to Refinitiv Lipper.  Municipal bond yields, which rise as prices fall, climbed last week after the Federal Reserve signaled it would begin steadily raising interest rates in mid-March, reducing […]

Updated: Jan 31, 2022
Citrix Systems to Go Private in Deal Valued at $16.5 Billion, Including Debt

Citrix Systems Inc. CTXS 0.41% will be taken private in an all-cash acquisition valued at $16.5 billion, including debt, making the cloud-computing company the latest subject of a big leveraged buyout following a surge in deals last year. Stockholders will receive $104 a share from the two buyers: Vista Equity Partners and Evergreen Coast Capital […]

Updated: Jan 31, 2022
Cathie Wood’s ARK Faces Loyalty Test After Tech-Stock Rout

Cathie Wood says the high-risk stocks in the exchange-traded funds sold by ARK Investment Management LLC are so cheap that they will inevitably rise. A surprising number of investors are willing to give it a shot. Over the past week, with prices in the ARK Innovation ETF back at mid-2020 levels, investors have put about […]

Updated: Jan 30, 2022
Move Over, Meme Stocks: Retail Investors Go Back to the Blue Chips

A year ago, speculative stocks such as GameStop Corp. GME 11.26% were some of the most-favored choices of individual investors. Since then, though, their tastes have changed.  Retail investors’ top picks now look more like they did in early 2020, when the roster of the most-popular U.S.-listed stocks and exchange-traded funds was made up almost […]

Updated: Jan 30, 2022
Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.

Gabe Plotkin wasn’t sleeping. His bets against meme stocks such as GameStop Corp. were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers were bombarding him with threatening messages and texts. At the worst point in January 2021, Melvin Capital Management was losing more than $1 billion a […]

Updated: Jan 28, 2022
Apple, Robinhood, Visa, Western Digital: What to Watch When the Stock Market Opens Today

Updated Jan. 28, 2022 9:41 am ET Wall Street stocks slipped in morning trading at the end of a roller coaster week that dragged the S&P 500 to the edge of correction territory. Here’s what we’re watching in Friday’s trading: Apple reported record quarterly results even as supply shortages hindered sales, but Chief Executive Tim Cook said […]

Updated: Jan 28, 2022
Qualtrics Adds Up After Cloud Selloff

SAP and Qualtrics executives ringing the closing bell at the New York Stock Exchange on Nov. 14, 2018, to celebrate SAP’s agreement to acquire Qualtrics. Photo: Alyssa RIngler/EPA/Shutterstock Qualtrics’s XM 5.25% first year on the public market has been a rough one. But it has made the cloud software company into a relative rarity—an affordable, […]

Updated: Jan 28, 2022
Luckin Coffee, Waylaid by Fraud, Tries to Perk Back Up

HONG KONG—Nearly two years after Luckin Coffee Inc. LKNCY 10.23% stunned global investors by admitting it had fabricated sales, the Chinese coffee chain is attempting to turn over a new leaf. Luckin, a major rival to Starbucks Corp. SBUX 1.98% in China, was forced to delist from the Nasdaq Stock Market in 2020 after revealing […]

Updated: Jan 28, 2022
The Real Brake on America’s Electric-Vehicle Revolution

Electric vehicles won’t get a “100% Made in U.S.A.” stamp for a good while yet. U.S. auto makers are pouring billions of dollars into domestic EV factories and lithium-ion battery plants to supply them. General Motors this week announced $6.6 billion of EV investments into two Michigan plants, including $1.3 billion from its South Korean […]

Updated: Jan 28, 2022