Popular Hedge-Fund Trade Draws Fresh Scrutiny as Debt Battle Rages On
A highly leveraged bond trade that’s become popular with hedge funds is drawing fresh scrutiny three years after
2023-05-26 19:52
Gap’s Better-Than-Expected Results Signal Cost Cuts Paying Off
Gap Inc. reported better-than-expected results in the first quarter, showing the retailer’s cost-cutting measures are sparking improved performance.
2023-05-26 17:18
Marvell Rallies After Chipmaker Promises Big Gains From AI
Marvell Technology Inc. surged 16% during premarket trading in New York on Friday after the chipmaker said it
2023-05-26 17:15
Citi Strategists Lift US Stocks on AI Appeal, Resilient Growth
Citigroup Inc. strategists raised US stocks to neutral and tech shares to overweight on the expected boost from
2023-05-26 16:57
Yen at 140 Opens Door to More Weakness But Not Intervention This Time
The yen is close to hitting a bottom against the dollar, and is unlikely to weaken to levels
2023-05-26 16:19
Market Optimism Over Debt Deal May Pave Way for Monday Selloff
Markets are largely in the green Friday but strategists warn there’s still a prospect US debt-ceiling negotiations break
2023-05-26 15:56
Morgan Stanley Asia Job Cuts Include Key China Bankers, Six MDs
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part
2023-05-26 15:25
China’s Top Rating Firm Downgrades US in Echo of Global Rivalry
While the world’s major credit-rating agencies have held off downgrading the US as Washington barrels toward the fiscal
2023-05-26 10:49
BOJ’s Ueda Says Wages Aren’t the Goal, Keeps Speculators in Dark
Bank of Japan Governor Kazuo Ueda indicated his desire to hold on to policy flexibility by playing down
2023-05-26 10:25
Australia Eyes Penalties on Firms With Poor Anti-Slavery Reports
Australia should impose penalties on companies that fail to review their supply chains for instances of forced labor,
2023-05-26 09:49
Oil Holds Decline as Investors Digest Moscow’s Message on OPEC+
Oil was steady after falling more than 3% on Thursday as Russia suggested OPEC+ wasn’t likely to change
2023-05-26 09:48
Emerging US Debt Deal Would Raise Limit, Cap Spending for Two Years
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap
2023-05-26 09:28