Investing Global Stocks Rise at the End of a Bumpy WeekThe Wall Street Journal. - Avantika ChilkotiGlobal stocks rose at the end of a week that saw an interest-rate cut from the Federal Reserve and dramatic swings in crude prices after an attack on production facilities in Saudi Arabia. The Stoxx Europe
The Unexpected Consequences of Being Too Optimistic About GrowthThe Wall Street Journal. - Justin LahartForecasters talk about the economy the way frustrated parents might about an adult son living in the basement and working at a dead end job. Barring a wave of skilled immigration or technological breakthroughs,
HNA Group Bondholders Stranded as HNA-Backed Airport DefaultsThe Wall Street Journal. - Frances Yoon, Stella Yifan XieIn a departure from HNA Group Co.’s record of paying back international bondholders despite its financial constraints, an airport partly owned by units of the Chinese conglomerate has failed to repay of
Investing Datadog Shares Soar as Investors Bet on Cloud-Based SoftwareThe Wall Street Journal. - Micah MaidenbergShares of Datadog Inc. jumped as they made their debut in the public markets, reflecting robust investor demand for companies tied to cloud-based technologies. The New York-based company’s stock gained
Investing Transports Keep Flashing Warning Signals Even as Stocks Flirt With RecordsThe Wall Street Journal. - Paul VignaFedEx Corp. has offered the latest signal that a turning point is coming in the business cycle. The delivery company cut its 2020 outlook after the closing bell Tuesday, pointing to trade tensions and
Oil Crude Rebounds on Renewed Concerns About Saudi ProductionThe Wall Street Journal. - Sarah ToyOil prices rose Thursday, highlighting fresh signs of pressure on Saudi Arabian output after weekend attacks on one of the kingdom’s largest oil facilities. Brent crude, the global gauge of prices, rose
Investing Dow Gives Up Gains, Poised for Modest Weekly LossThe Wall Street Journal. - Jessica MentonU.S. stocks gave up most of their gains heading into Thursday’s closing bell, though major indexes remain within striking distance of their records. The indexes opened modestly higher as investors continued
Investing Altria's Bet on E-Cigarettes Is Burning Its StockThe Wall Street Journal. - Akane OtaniAmerica’s biggest tobacco company is being burned by its investment in e-cigarettes. Altria Group Inc. shares have tumbled 19% in 2019 to a roughly five-year low, with selling accelerating in recent weeks
DirecTV AT&T Sale of DirecTV Would Be No BlockbusterThe Wall Street Journal. - Lauren Silva LaughlinThe telecom giant might consider that mother’s wisdom when deciding whether it should unwind its 2015 purchase of DirecTV. Buying the satellite programming business might not have been a great deal in
Investing U.S. Government Bonds Steady After Fed Moves to Stabilize MarketsThe Wall Street Journal. - Daniel KrugerU.S. government bond prices held steady Thursday after the Federal Reserve added $75 billion to the financial system to stabilize short-term money markets in its third such operation this week. The yield
Investing Toys 'R' Us: We Are Now an ExperienceThe Wall Street Journal. - Lauren Silva LaughlinMillennials, we have been told, prefer to spend money on experiences. Does that go for their kids as well? Tru Kids Brands, which owns the postbankruptcy Toys “R” Us brand, says it is reviving the former
Airbnb Airbnb to Go Public Next YearThe Wall Street Journal. - Allison PrangAirbnb Inc. expects to go public next year, the company said Thursday, the latest multibillion-dollar startup seeking to widen its investor base. The home-sharing giant offered no other details about plans
Stripe Fintech Firm Stripe Climbs Ranks of U.S. Startup ValuationsThe Wall Street Journal. - Peter RudegeairStripe Inc. climbed closer to the top ranks of the highest-priced U.S. startups after a new fundraising round valued the financial-technology company at $35 billion. Venture-capital firms Sequoia Capital,
Investing SEC's Clayton Says SEC Doesn't Judge Direct ListingsThe Wall Street Journal. - Dave MichaelsThe Securities and Exchange Commission doesn’t mind when companies go public using a cheaper “direct listing” on exchanges instead of a traditional offering, where investment banks underwrite the deal,
Fed Adds $75 Billion to Financial System in Third Repo Transaction This WeekThe Wall Street Journal. - Daniel KrugerThe Federal Reserve Bank of New York added $75 billion to the financial system Thursday, using the market for overnight repurchase agreements, or repo, to relieve funding pressure in money markets. Banks
Investing Bank Reserves: What Are They and Why a Shortage Is Roiling a Key RateThe Wall Street Journal. - Paul J. DaviesBank reserves are normally obscure, even to bankers and professional investors. But this week they have hit the news when a shortage of them caused a key measure of borrowing costs—known as the overnight
Investing Apple Can't Win Its $14 Billion European Tax BattleThe Wall Street Journal. - Rochelle ToplenskyApple’s €13 billion ($14.4 billion) tax fight with Europe is grinding through the courts. It could end up generating unwelcome headlines—for Apple and Brussels alike. What was a story about the European
Investing Stocks to Watch: Microsoft, AT&T, RH, Herman Miller and MoreThe Wall Street Journal. - Ira Iosebashvili, Allison PrangHere are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified
Investing Snapchat Must Hit More Angles with AdvertisersThe Wall Street Journal. - Laura FormanAdvertisers are flocking to social media to reach its users with pictures rather than words. It seems they prefer a wide lens. A recent RBC advertising survey found 95% of advertising professionals say
Investing Bond Dealers Show Little Interest in Treasury Ultra BondsThe Wall Street Journal. - Daniel KrugerThe Treasury Department wants to take advantage of falling interest rates to borrow long term, selling bonds that don’t mature for a half-century. Wall Street may not want them. While the Treasury could
Investing WSJ Wealth Adviser Briefing: Index Funds, Exchange Challenge, Playing NiceThe Wall Street Journal. - WSJ StaffA rapid spate of deal-making has seen giant firms gobble up other large prey, leaving the industry with more whales and fewer minnows. And “rather than go hungry, the predators are now snapping up smaller
Investing Chinese Property Giants Could Regret Milking the Country's Middle ClassThe Wall Street Journal. - Mike BirdChina’s property giants are notorious for their rapacious issuance of debt. But a more politically sensitive liability has risen even faster, posing a less well known risk to the country’s housing market.
Investing Buffett Protege to Leave Berkshire, Start Own FirmThe Wall Street Journal. - Nicole FriedmanTracy Britt Cool, one of Warren Buffett’s key lieutenants in recent years, is leaving Berkshire Hathaway Inc. to create a mini Berkshire of her own. Ms. Britt Cool joined Berkshire in 2009 at age 25 as
Investing Falling Demand for Architects a Warning Shot for IndustryThe Wall Street Journal. - Paul VignaThe American Institute of Architects said Wednesday that its monthly billings index, which measures the demand for design services, fell to its lowest point since May 2012, a warning shot for two value
Investing Fed Injects More Into Money Markets After Banks Bid Heavily for FundsThe Wall Street Journal. - Paul J. Davies, Sam GoldfarbBanks on Wednesday snapped up $75 billion on offer from the Federal Reserve Bank of New York in a second day of intervention meant to ease a crunch in overnight funding markets. Banks asked for $80.05
Investing Gold Reverses Gains as Investors Turn to FedThe Wall Street Journal. - Ira IosebashviliGold prices reversed gains in aftermarket trading Wednesday, after the Federal Reserve cut interest rates but signaled that officials were divided on how much to ease policy in coming months. Gold for
Investing U.S. Government Bonds Hold Steady After Fed DecisionThe Wall Street Journal. - Sam GoldfarbPrices on longer-term U.S. government-bond prices held gains Wednesday after the Federal Reserve cut interest rates by one-quarter of a percentage point and reiterated that it would “act as appropriate”
Investing Stocks Climb Back as Fed Cuts RatesThe Wall Street Journal. - Akane Otani, Anna IsaacU.S. stocks wobbled, then staged a late-session rebound Wednesday after the Federal Reserve lowered interest rates but signaled a divided outlook for the rest of the year. Trading was volatile in the hours
Investing Investors and the Fed: I'm OK, You're OKThe Wall Street Journal. - Justin LahartThe big news out of the Federal Reserve Wednesday is that most policy makers don’t expect to cut rates further this year. The bigger news is that, for now at least, stock-market investors don’t seem all
