Publicly traded companies are selling bonds that can convert into stock at a record pace this year, with nearly a third of those issuers paying nothing in interest, as they seek to take advantage of low rates and investors’ ravenous appetite for fast-growing firms. So far this year, 97 U.S.-listed companies have issued $54.3 billion […]
Corporate America has four trillion reasons to get into, and perhaps upend, the business of healthcare, but even a tech genius will find the system puzzling. Google parent Alphabet and hospital chain HCA Healthcare struck a deal this week to develop algorithms using patient records in order to guide medical decision making and improve operating […]
Full Truck Alliance Co., a Chinese startup that provides an Uber-like service for the trucking industry, has filed for a billion-dollar-plus initial public offering in the U.S. The company, which counts Japan’s SoftBank Group Corp.’s Vision Fund and Alphabet Inc. among its many high-profile backers, is seeking to raise at least $1 billion at a […]
A Massachusetts judge on Thursday gave state securities regulators a green light to proceed with their case against Robinhood Financial LLC, ruling that it wouldn’t be in the public interest to block an administrative hearing on allegations that the online brokerage doesn’t protect inexperienced investors. Robinhood, the zero-commission trading platform that has exploded in popularity […]
Many small investors are beating Wall Street pros at their own game. A basket of stocks favored by individuals has outperformed the broader market since March of last year, according to Vanda Research. This group, which includes behemoths like Apple Inc. and Tesla Inc. alongside electric-vehicle maker NIO Inc. and digital-payments company Square Inc., has […]
Updated May 27, 2021 9:02 am ET Here’s what we’re watching ahead of Thursday’s market open. U.S. stock futures wavered amid a slew of economic data releases that are expected to spur discussion among investors about the Federal Reserve’s response to the strengthening economic recovery. Futures tied to the S&P 500 were up 0.1%, and […]
WASHINGTON—The chief executives of the six largest U.S. banks drew fire from both Republicans and Democrats at a Senate hearing that highlighted challenges facing corporate leaders seeking to navigate partisan strife over hot-button issues including voting rules, climate change and racial justice. In sometimes tense exchanges Wednesday before the Senate Banking Committee, CEOs including JPMorgan […]
Updated May 26, 2021 9:09 am ET Here’s what we’re watching ahead of Wednesday’s opening bell. U.S. stock futures rose as investors grew more comfortable that the Federal Reserve and other central banks would maintain their economic support despite a near-term bout of inflation. Futures tied to the S&P 500 added 0.3%, indicating that the […]
WASHINGTON—Two former Deutsche Bank DB 0.40% traders convicted of manipulating precious-metals prices shouldn’t go to prison, federal probation officers recommended, sparking a backlash from prosecutors who sought terms of almost five years or more. A federal jury in September convicted James Vorley and Cedric Chanu of wire fraud after a two-week trial over their trading […]
Bobby Flay and Giada De Laurentiis in ‘Bobby and Giada in Italy’ on Discovery+. Photo: Discovery Inc. Even show-business marriages have longer honeymoon periods than this. Last Monday’s announcement of a mega-media combination of Discovery Inc. DISCB -0.44% with the WarnerMedia business of AT&T T -0.77% initially thrilled the investors of both companies. Discovery’s share […]
