GCM Grosvenor is merging with a special purpose acquisition company in a deal that will take the Chicago asset manager public, according to people familiar with the matter. Read More WSJ.com: Markets...
Rising U.S.-China tensions and potential delays to a new economic relief package weigh on investors’ sentiment. Read More WSJ.com: Markets...
U.S. fuel makers ran below capacity in the second quarter in a preview of the challenges they are likely to face as the world transitions away from fossil fuels. Read More WSJ.com: Markets...
In the U.S. the stock-exchange operator’s indexes are the country’s best-performing major stock benchmarks this year. In Europe, the Nasdaq-owned Copenhagen exchange’s index is leading the charge. Read More WSJ.com: Markets...
Investors chasing vaccine riches have assumed unrealistic odds of success and of profitability in the case of a breakthrough for treating Covid-19. Read More WSJ.com: Markets...
The massive deal makes strategic sense but still looks pricey, particularly given the struggling state of the U.S. petroleum industry. Read More WSJ.com: Markets...
HSBC’s net profit fell in the second quarter as the impact of the coronavirus pandemic complicated the bank’s efforts to refocus on Asia while dealing with rising U.S.-China political tensions. Read More WSJ.com: Markets...
The market boom that pushed stocks, bonds and commodities to their best combined four-month spurt in decades has found its way into the most notoriously volatile and speculative asset on the planet: bitcoin. Read More WSJ.com: Markets...
Lumber consumption across the U.S. amid pandemic project-building has exceeded even optimistic forecasts, leaving home builders, retailers and craftspeople clamoring for wood. Read More WSJ.com: Markets...
The dollar has made a sharp U-turn this summer following a long rally, confounding many traders, but potentially adding fuel to this year’s surprising stock-market rebound. Read More WSJ.com: Markets...