Analyst: Expect higher interest rates & inflation in 2021
New York (CNN Business)The Nasdaq Composite (COMP) clinched a new closing record on Monday, exceeding the peak from August 6, finishing up 1%. But it was the sole record on … Read More
Category: Markets
How to Run a Bowling Alley-Arcade-Restaurant-Bar in a Pandemic
In this article Subscribe to Odd Lots (Spotify) Subscribe to Odd Lots (Apple Podcasts) Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. 34||h0&&s(“lcp”,[n[n.length-1]])}function i(t){if(t instanceof u&&!p){var … Read More
Billionaire Agarwal’s Vedanta Markets Junk Bond to Investors
Billionaire Anil Agarwal’s Vedanta Resources is marketing a dollar bond in a crucial test of investor appetite for Indian junk debt. The commodities giant is offering a three-year amortizing note … Read More
Oklahoma Oil Driller Chaparral Files for Bankruptcy Protection
Chaparral Energy Inc. filed for bankruptcy protection for the second time in four years, another financial reckoning for one of the many cash-starved shale drillers punished by sluggish oil prices. … Read More
Bain’s Revival of Virgin Australia Faces Growing Legal Obstacle
In this article Bain Capital’s resurrection of collapsed airline Virgin Australia Holdings Ltd. faces mounting legal opposition as bondholders rally to derail the takeover and salvage some of their debt. … Read More
Calpers Chief to Face Trustees Questioning Over CIO’s Departure
California’s giant pension fund is preparing for what could be a fraught emergency board meeting Monday, called to discuss the sudden exit of its chief investment officer. Marcie Frost, chief … Read More
Traders brace for haywire markets around presidential election
Election will be decided on coronavirus response and economy: WSJ associate editor The Wall Street Journal associate editor John Bussey weighs in on the upcoming election, polling and ‘shy’ Trump … Read More
First Into the Virus Slump, China Is Proving the Fastest Out
Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. China’s economy, the first to succumb to the coronavirus, is proving … Read More
Charting the Global Economy: Recovery Proving Gradual, Uneven
Retail sales in the U.S. now exceed their pre-pandemic levels and applications for jobless benefits are drifting lower. At the same time, the recoveries in the world’s largest economy and … Read More
Stocks making the biggest moves midday: DraftKings, Tesla, Macy's & more
Here are the stocks making headlines in midday trading: Tesla — Shares of the electric vehicle company rose more than 1% after two firms upgraded the stock. Morgan Stanley lifted its rating … Read More