Wall Street stocks edged up after the opening bell, as investors weighed rising energy prices and lingering worries about China’s property sector. Here’s what we’re watching in morning trading: Airbnb shares ticked up after the stock was raised to outperform from market perform by Cowen. Credit Suisse on Tuesday raised the price target for shares […]
The extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy. U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since late in 2014 and bringing its climb […]
Burnout has a cost—a dollar cost. In my own life, I’ve learned to recognize the physical cost burnout exacts: trouble talking about anything but work; difficulty falling asleep after hours glued to my laptop; my heart racing with every new ping from Slack. And I’ve learned to notice the financial cost, too. While I’m not […]
A wave of selling has brought U.S. Treasury yields closer to their March highs, vindicating predictions that a long summer rally would fade in the face of stubborn inflation and a looming turn toward tighter monetary policies. Yields, which rise when bond prices fall, have been on a sharp upward trajectory ever since the Federal […]
The real disappointment in Friday’s employment report wasn’t how few jobs were added in September. It was how few people got back in the hunt. The Labor Department reported that the economy gained a seasonally adjusted 194,000 jobs last month, well short of the 500,000 economists had expected. But that number came with caveats. First, […]
Slowing economic growth in China is one factor that could dent memory-chip demand from mobile devices. Photo: Andy Wong/Associated Press Updated Oct. 8, 2021 6:00 am ET Memory-chip companies rode the Covid-19 wave to record highs. Now that wave has crested and companies will need to figure out how to navigate the trough. Samsung Electronics, […]
China Evergrande Group’s EGRNF -5.26% path to the brink of default was littered with financial red flags. The property giant carried heavy debt loads, grew at breakneck pace and made it hard for outsiders to understand the company’s financial situation. But a combination of financial regulators, local Chinese governments, yield-hungry investors and insiders kept the […]
Asia’s junk-bond market suffered through another wave of selling Thursday, pushing prices of many Chinese developers’ bonds further into distressed territory. Prices of U.S. dollar bonds of many Chinese property companies gapped lower by around five points, according to several market participants. Some tumbled even more, as fears of more defaults and further price declines […]
The investing platform operated by Public Holdings Inc. is rolling out cryptocurrency trading, joining rivals such as Robinhood Markets Inc. in the digital-currency space. The move marks an expansion for Public.com, which launched in 2019. Previously, individual investors who used the platform could trade only U.S.-listed stocks and exchange-traded funds. Unlike competitors including Robinhood, the […]
Investment giant BlackRock Inc. BLK 0.24% is giving institutional investors such as pensions and endowments the option to cast shareholder votes tied to their investments. When investors buy a fund from an asset manager, the money manager typically votes on shareholder proposals on behalf of the investors. Starting in 2022, BlackRock says its large investors […]
