Grounded airline fleets with limited maintenance needs could depress engine makers’ revenues for longer than investors expect. Read More WSJ.com: Markets...
The coffee bean market has bifurcated since lockdowns forced a shift in consumer behavior. Futures linked to arabica beans, which are popular in cafes and restaurants, have fallen much more than those tied to robusta beans, which are consumed largely at home. Read More WSJ.com: Markets...
Société Générale, stung by coronavirus-related trading losses earlier this year, plans a retreat in its investment banking unit and posted a surprise loss, even as rivals thrived on the increase in stock and bond trading. Read More WSJ.com: Markets...
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...