Ferrari investors may have gotten too used to smooth driving. The luxury sports-car maker isn’t pulling away from the challenges posed by the pandemic quite as effortlessly as some were hoping. Its shares fell 7% in New York Tuesday after the company said it would hit its 2022 financial targets a year late due to […]
Michael Schacht, 70 years old, is a typical German saver. Risk-averse, the clothing-shop owner kept the equivalent of $300,000 in a local bank in a small town near Hamburg. Then, earlier this year, Mr. Schacht’s bank told him it wanted to charge him a negative 0.5% interest rate to hold his money. Furious, Mr. Schacht […]
Apple’ s lawyers have an unenviable task: Defending a key underpinning of a $2 trillion enterprise comes with high stakes. The outcome of the bench trial between Apple and Epic Games, which gets under way Monday, is far from certain. And even a ruling there may not settle the issue for some time, as the […]
These are some of the thoughts that run through my head whenever I open my banking app or check my credit score—me, a personal-finance reporter at The Wall Street Journal. My confidence in my job and my confidence in my own finances are two different things. And I’m not alone in feeling insecure about managing […]
Apollo Global Management Inc. APO 0.31% made its name scoring double-digit returns on debt-laden buyouts. Under new Chief Executive Officer Marc Rowan, the firm’s future will become increasingly about finding ways to eke out a few percentage points more than corporate and government bonds pay. The shift reflects Apollo’s evolution from a leveraged-buyout shop to […]
Tax rates seem likely to rise for the wealthiest and highest-earning taxpayers under the Biden administration. For those with traditional retirement accounts, making moves ahead of tax law changes can reduce income-tax bills in retirement. The key strategy to pursue is the Roth conversion. These allow account owners to transfer some or all of the […]
California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executive pay. Leading up to Berkshire’s annual meeting on Saturday, proxy advisers Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that investors withhold their votes […]
Credit Suisse Group AG’s new chairman signaled a broad re-evaluation of the bank’s risk taking and said strategic changes could be in store after it was flung into turmoil by the back-to-back collapses of Archegos Capital Management and Greensill Capital. António Horta-Osório , voted into the job by Credit Suisse shareholders Friday, said the bank’s […]
After monster surges in use over the past 12 months because of the pandemic, food-delivery companies are doubling down. For example, DoorDash, DASH -4.62% which said its revenue grew by a quarterly average of 220% year over year in 2020, has been adding delivery for groceries and convenience goods. And the Uber Technologies UBER -0.29% […]
Amazon reported a first-quarter revenue surge of 44%. Photo: Anthony Soufflé/Star Tribune/Zuma Press April 29, 2021 6:33 pm ET Amazon.com AMZN -0.11% answered at least one major short-term question with its first-quarter results Thursday, even if some longer-term ones remain. The short-term question was whether online shoppers would curb their clicks as the pandemic eases. […]
