Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares and other Chinese stocks have […]
Last November, Howard Schultz traveled to Buffalo, NY, with a message to workers considering forming a union: Starbucks SBUX 2.21% would do the best job looking out for employees’ interests. During an hourlong speech delivered without notes, Mr. Schultz, Starbucks Corp.’s former leader, appealed to employees to work together with management. “Our core purpose and […]
The biggest credit-reporting firms will strip tens of billions of dollars in medical debt from consumers’ credit reports, erasing a black mark that makes it harder for millions of Americans to borrow. Equifax Inc., EFX 0.71% Experian EXPGY 1.72% PLC and TransUnion TRU -0.99% are making broad changes to how they report medical debt beginning […]
The S&P 500 edged higher Friday, staying on track for its best week since November 2020 as investors digested the Federal Reserve’s interest-rate increase and developments in Ukraine. The broad US stock index was recently up 0.1% in early afternoon trading after three consecutive sessions of gains. The Dow Jones Industrial Average slipped 0.3%, or […]
US stocks edged down as investors showed concern about further escalation in the Ukraine war leading to shortfalls of commodities supply. The S&P 500 slipped 0.3% in early New York trading, a modest pullback in the broad-market index after it closed 1.3% higher on Thursday. The tech-heavy Nasdaq Composite Index fell 0.4%, while the Dow […]
US stock futures edged down as investors were concerned of further escalation in the war in Ukraine that could lead to shortfalls of commodities supply. Futures tied to the S&P 500 slide 0.6%, pointing to a moderate pullback in the broad-market index after it closed 1.3% higher on Thursday. Nasdaq-100 futures fell 0.7%, suggesting declines […]
The top gambling regulator in Nevada on Thursday delayed MGM Resorts MGM -0.55% International stakeholder Barry Diller’s licensing after federal authorities launched insider-trading investigations into his share purchases of Activision Blizzard Inc. Nevada Gaming Commission Chairwoman Jennifer Togliatti in a public meeting ordered that Mr. Diller’s application to be in the casino industry undergo “further […]
GameStop Corp. EMG 0.97% recorded a loss during the holiday quarter despite an increase in sales, surprising analysts who were expecting the videogame retailer to turn a profit. GameStop has been working to turn around its business under the leadership of a revamped executive team and board of directors. The Grapevine, Texas-based company on Thursday […]
US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive […]
Howard Schultz is returning to lead Starbucks Corp. SBUX 5.16% for a third time, saying the company he helped become the world’s largest coffee chain needs to reinvent itself once more. Mr. Schultz, who built Starbucks from a handful of Seattle-based coffee shops to a global giant before retiring as executive chairman in 2018, will […]
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