Warren Buffett’s firm is betting on some of the largest companies chasing a Covid-19 vaccine, including Merck, Bristol Myers Squibb, AbbVie and Pfizer. Read More WSJ.com: Markets...
The Financial Stability Board issued its report on financial market disruptions triggered by coronavirus pandemic in March. Read More WSJ.com: Markets...
Tesla will be added to the S&P 500 index on Dec. 21, S&P Dow Jones Indices said in a statement. Read More WSJ.com: Markets...
Home Depot parted ways with its wholesale distributor business HD Supply when both were struggling. Now that they are getting back together, the companies’ biggest risk could be losing sight of why they split up in the first place. Read More WSJ.com: Markets...
PNC Financial’s acquisition of the BBVA franchise in the U.S. would make its “regional bank” nametag increasingly obsolete. The question is whether that also transforms its profitability. Read More WSJ.com: Markets...
Peloton doesn’t need to worry, but Hendrick’s Gin is selling a stationary penny farthing bicycle with ‘a charming lack of convenience.’ Read More WSJ.com: Markets...
U.S. Treasury yields jumped Monday morning after positive news about the potential efficacy of a Moderna Inc. Covid-19 vaccine sparked a risk-on shift in market sentiment. Read More WSJ.com: Markets...
Gregg Lemkau, Goldman Sachs’s co-head of investment banking and a potential CEO contender, is retiring, according to people familiar with the matter. Read More WSJ.com: Markets...
Ultra-Simple Shiller’s CAPE: How One Year’s Data Can Predict Equity Market Returns Better Than Ten Thomas K. Philips and Adam KoborJournal of Portfolio ManagementA version of this paper can be found here (slides here)Want to read our summaries of academic finance papers? Check out our Academic...
BBVA’s sale of its U.S. operations to PNC underlines that, for European banks, America is a tough nut to crack. Read More WSJ.com: Markets...