The turmoil in Chinese technology shares is damping the financial firepower Japan’s SoftBank 9984 -1.75% Group Corp. has for new investments, and prompting debate about whether it might sell some of its huge stake in Alibaba BABA -1.88% Group Holding Ltd. The Nasdaq Golden Dragon China Index of US-listed Chinese stocks has declined 52% over […]
US oil refiners are once again making good money, but investors aren’t quite piling into the shares. They should be, a top energy analyst tells me. The profit boom could last through the end of the decade, helped by a price mishap that won’t be easy to fix: the giant premium Europe must pay for […]
When the pandemic first hit, Celeste Lyons quit her job at a law firm in Connecticut and started to hunker down at home, living off retirement savings and an inheritance from her parents as she tried to avoid getting sick. She wanted to work again eventually, but nearly two years went by before Lyons, 63, […]
“The Lost City,” directed by brothers Adam and Aaron Nee, is a boisterous romp designed around a one-of-a-kind treasure. Ostensibly, that prize is the Crown of Fire, a priceless headpiece rumored to be constructed from hundreds of red diamonds. In truth, it’s the woman searching for the jewels—or rather, it’s Sandra Bullock acting the part […]
Apple Inc. AAPL 2.27% said a judge’s ruling that it was violating California’s unfair-competition law should be overturned because she had already found the iPhone maker’s in-app payment system was competitive. It is the Cupertino, Calif., company’s first full-throated filing laying out its argument in the appeals fight over its high-profile legal battle with “Fortnite” […]
The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant’s driver shortage and temper high fares while directing more business to cabdrivers, whose livelihoods were affected by the emergence of car- sharing apps and the pandemic. While Uber has formed partnerships […]
Edward “Ned” Johnson III, who transformed Fidelity Investments into a financial behemoth and opened Wall Street to millions of Americans, died Wednesday. Mr. Johnson was 91 years old. “He passed away peacefully at home in Florida surrounded by his family,” Abigail Johnson, who succeeded her father as Fidelity’s chief executive in 2014 and chairman in […]
US stocks edged higher, putting Wall Street indexes on course to recoup some of Wednesday’s losses, while oil prices hovered near recent highs. The S&P 500 added 0.4% in early trading Thursday. The tech-focused Nasdaq Composite Index rose 0.5% and the Dow Jones Industrial Average gained 0.3%, about 100 points. US stocks declined and oil […]
Russia’s stock market is set to have a partial reopening Thursday, nearly a month after it shut down following the invasion of Ukraine. The challenge for Moscow is that the resumption of trading could simply send Russian stocks back into free fall. On Feb. 24, the day when President Vladimir Putin began the assault on […]
Steel and mining giant Severstal PAO said Citigroup Inc. has frozen interest payments to investors in the company’s bonds, setting up what would likely be the first debt default by a major Russian issuer since Moscow invaded Ukraine. Severstal said Wednesday that payment was frozen because of “regulatory investigations” and that it was committed to […]
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