The rough start to 2022 continued for U.S. investors. The average diversified U.S.-stock fund declined 1.3% in February—a month that started with concerns about the Federal Reserve and quickly shifted to Russia’s war on Ukraine. February’s decline pushed the year-to-date slide to 7.9%, according to Refinitiv Lipper data. International-stock funds were down 3.5% for February […]
It’s been a rocky spell for stocks. Under the market’s surface, some investors see promising signs. The S&P 500 has risen or fallen at least 1% in six of the past nine trading days as anxieties over the war in Ukraine, high inflation and the path of interest rates buffet the market. The benchmark U.S. […]
Robert Smith, the billionaire chief executive of private-equity firm Vista Equity Partners, played a larger role than previously known in the $2 billion alleged tax evasion of his former business partner, recently filed court documents show. Mr. Smith played a key role in a 2004 deal nicknamed “Project Hotrod” that was designed to allow Texas […]
Stock futures and global stock indexes fell as concerns mounted about Russia’s intensifying military campaign in Ukraine (live coverage). Russia’s central bank kept the Moscow stock market largely closed for a fifth straight day. Here’s what we’re watching in Friday’s trading: Splunk shares added 1.6% premarket. Private-equity firm Hellman & Friedman has taken a 7.5% stake in […]
After a rough holiday season, Best Buy BBY -7.09% would like to focus on the future. The consumer electronics retailer’s results released Thursday were by most measures disappointing—especially surprising given that it typically beats its own guidance for the fourth quarter. Its comparable sales in the quarter ended Jan. 29 declined 2.3% compared with a […]
The aggressive sanctions against Russia left loopholes to allow payments for critical oil and gas supplies that fuel Europe—and the world’s—economies. But businesses are instead going beyond, slapping a toxic label on anything to do with Russia, shunning its oil, refusing to issue insurance and cutting off financial transactions even with entities not on the […]
Fanatics Inc. has raised $1.5 billion from a group of big investors, pushing the sports-merchandising giant’s valuation to $27 billion as it works to expand beyond its core business, according to people familiar with the matter. Investors in the latest round include Fidelity Management & Research Co, funds managed by BlackRock Inc. and Michael Dell’s […]
Pension funds around the world are reviewing their investments in Russia’s energy, banking and mining sectors in the wake of the country’s invasion of Ukraine. Norway’s largest pension fund, KLP Group; Denmark’s AkademikerPension; and retirement systems in Connecticut and Rhode Island have announced plans to dump their holdings in Russia. Other U.S. pension funds from […]
Russia sifted through the financial wreckage caused by Western sanctions, as its stock market remained closed and the government announced new measures to try to limit the damage to the economy. The West has also blocked Russia’s central bank from using much of its sizable reserves to protect the economy. Meanwhile, many Western companies, including […]
Hong Kong’s most recent measures to combat Covid-19 are unsettling its large community of bankers and investors, many of whom were already struggling to square business and family commitments with severely curtailed travel. Some financial professionals have asked employers whether they can relocate, while a few expatriates have decided in recent months to resign and […]
