Oil prices and Chinese stocks slumped after Beijing imposed sweeping Covid-19 lockdowns, while US stock indexes opened higher ahead of the start of a cycle of interest-rate rises from the Federal Reserve. The S&P 500 rose 0.7% in early trading Tuesday, while the blue-chip Dow Jones Industrial Average was ahead 0.6%. The technology-heavy Nasdaq Composite […]
Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The technology-focused Nasdaq Composite dropped 262.59 points, or 2%, to 12581.22, its lowest level since December 2020, as China locked down the key manufacturing regions […]
Tsingshan Holding Group said large banks agreed to continue discussing a potential settlement with the Chinese metals producer, whose wrong-way bets led to a dayslong suspension of nickel trading on the London Metal Exchange. JPMorgan Chase JPM 0.99% & Co. and other banks are seeking billions of dollars that Tsingshan owes them for trades the […]
Stocks climbed and oil prices tumbled Monday, easing fears that a surge in commodity prices could stall the US economy as investors awaited a likely interest-rate increase by the Federal Reserve later this week. The Dow Jones Industrial Average rose nearly 1%, and the S&P 500 gained 0.6%. The benchmark stock index has fallen for […]
Robert Iger spent decades helming a company known for its animated characters. For his next act, the former Walt Disney Co. boss is backing a startup that celebrities and others are using to create avatars for the much-hyped metaverse. In his first career move since leaving the entertainment company in November, Mr. Iger has taken […]
Production of vital raw materials for chip making is concentrated in Russia and Ukraine. The countries are a major source of both neon gas, needed to feed lasers that print minute circuitry onto silicon, and the metal palladium used in later manufacturing stages. About a quarter to a half of the world’s semiconductor-grade neon comes […]
Soroban Capital Partners LP, a $10 billion stock-picking hedge fund in New York, is one of the biggest winners, making at least several hundred million dollars on the trade since February, a person familiar with the matter said. Other winners include New York macro fund Castle Hook Partners and value investor Pilgrim Global. The bet […]
Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today. The sharp rise in fuel costs, driven in large part by the war in Ukraine and related disruptions, is delivering another shock to the car business and triggering renewed focus on fuel economy […]
Rising food prices could lead consumers to expect higher inflation, becoming a self-fulfilling prophesy. Here, a market in Brooklyn, NY, on a recent day. Spencer Platt/Getty Images Text size The latest increase in consumer prices is worse than it looks, and it may only be the start. The consumer price index jumped 7.9% in February […]
Silicon Valley, making way for Silicon USA In a feedback loop that could transform the economic geography of the US, millions of Americans are moving, and companies are following them—tech companies in particular. In turn, this migration of companies and investment is attracting more workers to places that in the past usually lost talent wars. […]
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