Christopher James’s decision to do battle with one of the world’s biggest oil companies began with a family dinner in 2019. The hedge-fund manager’s school-aged sons asked him how he could consider himself an environmentalist if he invested in energy companies, and Mr. James said he struggled with his explanation. “As I was listening to […]
Advertising relationships are often about the people who foster them. But when you are as big as Facebook , relationships are about money. On Wednesday, Facebook’s head of global advertising sales Carolyn Eversonsaid she was leaving the company after more than a decade. Just a few months ago, Facebook’s revenue chief David Fischer said in […]
I’ve had it. The Wall Street Journal is wrong, and has remained wrong for decades, about one of the most basic distinctions in finance. And I can’t stand it anymore. If you buy a stock purely because it’s gone up a lot, without doing any research on it whatsoever, you are not—as the Journal and […]
Updated June 11, 2021 9:22 am ET Stock futures are inching up, a day after the S&P 500 notched its 27th record close of the year amid the push-pull of rising inflation versus a healing job market. Here’s what we’re watching ahead of Friday’s trading start. Some of the latest stocks to join the meme-stock […]
When it comes to “more government,” Americans are supposed to be the skeptical ones. Yet the U.S. is now leaning on the state to transform the economy by giving trillions of dollars to consumers and even taking a more direct hand in industrial planning. In government-loving Europe, political limitations may prevent a comparable economic boost. […]
BlackRock Inc. BLK 1.52% won approval from Chinese regulators to begin operations at its wholly owned mutual-fund business in the country, paving the way for the New York-based asset manager to start selling funds to individual investors in China before the end of this year. The go-ahead is the latest in a series of steps […]
U.S. stocks edged higher Thursday after data showed another leap in consumer prices and a continuing recovery in the labor market as the economy emerges from the Covid-19 pandemic. The S&P 500 set a new closing record, climbing 19.63 points, or 0.5%, to 4239.18. The Dow Jones Industrial Average jumped 19.10 points, or 0.1%, to […]
Inflation is looking pretty heated now. What will it look like in a year? The Labor Department on Thursday reported that consumer prices rose 0.6% in May from April, putting them 5% above their year-earlier level in the largest annual increase since August 2008. Core prices, which exclude food and energy items to better capture […]
The yield on the benchmark 10-year Treasury note closed below 1.5%, its lowest level in more than three months, dragged down by tepid economic data and high demand from investors both in the U.S. and elsewhere. The yield on the 10-year Treasury note, which helps set borrowing costs on everything from corporate debt to mortgages, […]
Campbell Soup downgraded its forecast for the current fiscal year’s adjusted results. Photo: Tiffany Hagler-Geard/Bloomberg News Updated June 9, 2021 4:16 pm ET Campbell Soup Co. CPB 0.48% on Wednesday served up unappetizing results, but investors should pause before recoiling from food stocks generally. For its fiscal third quarter ended May 2, Campbell posted weak […]
