Between inventory snags, inflation and a soured customer base in China, Nike NKE 2.23% faced some obstacles last quarter. It dashed right past them. The sneakers giant sold 8% more in its third quarter ended Feb. 28 compared with a year earlier on a constant-currency basis, the company reported on Monday evening. That was much […]
Russia’s invasion of Ukraine has shaken the global market for uranium, a critical fuel for nuclear-power plants, prompting some in the U.S. to propose reviving domestic production. Russia enriches more uranium for use in nuclear plants than any other country in the world. Its increasing economic isolation following its attack on Ukraine—and talk of potential […]
A federal criminal investigation into short sellers has spawned a behind-the-scenes feud between a law professor whose research is helping to guide prosecutors and one of the most prominent investors in their sights. Carson Block, known for public broadsides against companies he suspects of fraud, has been waging a campaign to discredit Joshua Mitts, a […]
The South by Southwest festival returned this year to Austin, Texas. Photo: MONTINIQUE MONROE/REUTERS March 18, 2022 12:35 pm ET AUSTIN, Texas—The foam was lit. Backlit. The return of South by Southwest this year has been a mostly muted affair. The only major queue—wrapped around the block most days—has been to get into a warehouse […]
A company that can measure the carbon footprint of Parmesan shavings for a salad maker was valued at $1 billion by its investors last month. Watershed Technology Inc. sells software that allows companies to quickly work out their environmental impact. That information is in high demand for investors and increasingly by regulators, creating a hot […]
Dirty, expensive to extract and trapped by a lack of pipelines, Canadian oil sands can be a tough investment proposition. Yet a year of elevated oil prices has turned companies mining them into cash machines. Soaring energy prices are set to reward almost everyone producing hydrocarbons: Major oil companies and U.S. shale producers reported record […]
HONG KONG—After a roller-coaster few days in which Chinese stocks plunged and then staged a remarkable comeback, money managers in the country sought to calm the nerves of investors with poetic letters and notes of encouragement. “In the violent fluctuations, we feel the panic and suffering of our fundholders, but we believe that winter will […]
Hong Kong’s first SPAC listing concluded Friday, with nine more in the pipeline, as the city seeks to establish itself as a base for China- and Asia-focused blank-check companies. The deal by Aquila Acquisition Corp., which raised the equivalent of about $128 million, came against a backdrop of extraordinary volatility for Chinese stocks, fueled by […]
This is the first column in a Heard on the Street series about the end of zero interest rates. Warren Buffett has compared interest rates to gravity. That is an especially useful way to think about them right now. For the last two decades the developed world went from living on Mars, with barely a […]
GameStop’s most recent quarter saw only 6% growth year over year, a sharp deceleration from the previous three periods. Photo: ANDREW KELLY/REUTERS March 17, 2022 7:42 pm ET At least GameStop GME 0.97% isn’t buying into a gold mine. The videogame retailer and original meme-stock reported mixed results for its fourth fiscal quarter late Thursday. […]
