One place the U.S. dollar hasn’t posted big gains this year: Latin America. Currencies from Brazil to Uruguay have defied the dollar’s broad strengthening. The Brazilian real has risen more than 17% against the dollar, making it the world’s top performer through nearly three months of 2022. The Chilean and Uruguayan pesos are up about […]
Music assets are a hit when interest rates are low, but will investors change their tune as the Fed introduces hikes? Money has been pouring into music catalogs. Major record labels, private-equity firms and specialist funds such as Hipgnosis SONG -0.33% last year spent a total of more than $12 billion on the rights to […]
New Covid-19 restrictions in China dragged oil prices further below recent highs on Monday, with the prospect of reduced fuel demand easing some pressure on global crude markets. U.S. oil prices slid 7% to $105.96 a barrel, continuing their fall from a recent closing high of $123.70 reached earlier this month. Oil prices remain sharply […]
When technology stocks tumbled for a fourth straight day in January, Evan Fetter, a 25-year-old in the U.S. military, saw an opportunity to swing for the fences. The trade has been underwater at times, but Mr. Fetter says he hopes to hold the shares until his investment is worth $50,000, at which point he plans […]
The turmoil in Chinese technology shares is damping the financial firepower Japan’s SoftBank Group Corp. has for new investments, and prompting debate about whether it might sell some of its huge stake in Alibaba BABA 1.68% Group Holding Ltd. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks has declined 52% over the 12 […]
This is the sixth column in a Heard on the Street series about the end of zero interest rates. Rising interest rates will stagger the housing market. Don’t expect it to go down for the count, though. Mortgage rates have been very low for a very long time. Even though they have risen significantly over […]
Matthew Beasley wasn’t surprised when three FBI agents rang his doorbell. Authorities were asking questions about a high-return, zero-risk investment plan that his law firm helped run. They had already visited an associate. They also had secret recordings of the sales pitch from a citizen sting operation that involved an embittered improv comedian, a rented […]
Nuclear and weaponizing are scary words to utter together, even in the context of energy. That fear is behind a rally in a key fuel not yet hit by a physical shortage. Prices of uranium oxide have soared to $57.50 per pound, levels last seen more than a decade ago before the Fukushima disaster turned […]
Hundreds of companies have pledged to cut their carbon footprints to help limit climate change. Under new regulations proposed Monday, many of these companies will now have to disclose their emissions, including hard-to-measure data from their suppliers and customers. The Securities and Exchange Commission said its sweeping plans are designed to allow investors to better […]
Unfinished buildings at a Evergrande’s development in Beijing last year. Photo: Andrea Verdelli/Bloomberg News March 22, 2022 7:55 am ET Evergrande’s EGRNF -2.33% latest announcement is raising more questions about how much it really owes. Investors may not like the answers: especially since Chinese property developers’ hidden debt problem isn’t confined to Evergrande alone. The […]
