Foreign investors are pouring money into a Persian Gulf stock-market boom, as energy-rich monarchies spin up their massive government entities into public companies and an oil-price rally fuels interest in the region. Once home to national oil companies and sleepy family businesses, the region is now the world’s one bright spot for initial public offerings […]
More than a decade ago, Sun Hongbin was forced to sell his property business to a rival after a Chinese government crackdown on soaring housing prices caused it to run short on cash. The China-born businessman said he learned his lessons from the failure and made a comeback with another company, Sunac China. It sold […]
The Japanese yen has dropped to a 20-year low against the U.S. dollar. That risks being bad news far beyond Tokyo—in the $23 trillion market for U.S. Treasurys. Traders around the world watch the yen’s rise and fall not just to follow Japanese markets but also to gauge how investors globally are feeling. Usually, when markets are rallying, the […]
Lululemon’s LULU -3.60% roots are grounded in yoga, but it is stretching well beyond that now. The athletic-apparel company said in an analyst presentation this past Wednesday that it aims to double its sales from $6.3 billion in its latest fiscal year to $12.5 billion by 2026. As ambitious as that seems, it may not […]
Cathie Wood’s ARK Innovation exchange-traded fund keeps falling, but investors aren’t jumping ship. Shares of the popular ETF, which is known by its ticker ARKK, have declined 45% so far in 2022—including 21% in April alone—as rising interest rates punish stocks that are valued on the prospect of robust future growth. Those are just the […]
The pandemic spawned a new universe of stock-market stars. Some are now coming back to Earth. The onset of Covid-19 changed the way people worked, shopped and dined, helping companies such as videoconferencing star Zoom Video Communications Inc. and at-home workout provider Peloton Interactive Inc. soar. But as restrictions eased and vaccines became widely available, […]
William Ackman said he sought to ‘act promptly’ on Pershing Square’s Netflix investment. Photo: MIKE BLAKE/REUTERS April 20, 2022 7:55 pm ET Billionaire investor William Ackman said his hedge fund sold its stake in Netflix Inc. NFLX -3.52% on Wednesday, implying a loss of about $400 million, as the shares recorded their biggest one-day drop […]
Elon Musk’s latest tweet is his second in less than a week to suggest the possibility of a pending tender offer for Twitter. Photo: Ryan Lash/TED April 20, 2022 9:36 am ET Elon Musk raised the prospect of launching a tender offer to acquire Twitter Inc. TWTR 1.21% in a cryptic tweet following his $43 billion […]
Many pot smokers will light up Wednesday to celebrate 4/20, the unofficial annual cannabis holiday. But it still isn’t a great time to reach for U.S. marijuana stocks as progress on federal reform stalls once again. Last week, Senate Majority Leader Chuck Schumer said his cannabis bill will be introduced in August, four months later […]
Mortgage credit availability, a measure of lenders’ willingness to issue home loans, rose in February to its highest level since last May, according to the Mortgage Bankers Association. Faced with high prices, rising rates and declining application volumes, lenders are expanding product offerings and relaxing some borrower eligibility requirements. Financing options that allow for bigger […]
