Troubled governments that devalue their currencies tend to benefit from the decision, underscoring the tool’s usefulness in the face of crisis, according to the Institute of International Finance.
The rally in homebuilding stocks has hit a stumbling block after results from industry bellwether D.R. Horton Inc. missed some lofty investor expectations.
Private credit firms are extending their reach into the more than $260 billion global asset-based lending business, seizing on a pause by some traditional Wall Street banks to take on more corporate debt.
Chile, the top copper-mining nation, is moving forward with a strategy to grow local processing capacity in a bid to reduce its dependence on Asian smelters and make shipping cleaner.
Newmont Corp. posted its worst day in 12 months after the world’s biggest gold producer reported earnings that missed analyst estimates following a series of operational setbacks.
Crypto investors appear to be the most optimistic in over a year about the odds of the world’s biggest Bitcoin investment product being allowed to be turned into an exchange-traded fund.
An unstoppable climb in US equities this year is forcing the hand of even the most pessimistic sell-side strategist on Wall Street.
Discover Financial Services fell the most in more than three years after the lender disclosed that it was in discussions with regulators over how it misclassified some of its credit cards.
US equities and Treasuries fell Thursday as investors digested a round of disappointing tech earnings and fresh signs of labor-market resiliency that could support another hike in interest rates this year.
Kenvue Inc., the consumer-focused spinoff of Johnson & Johnson that owns brands such as Band-Aid and Tylenol, fell on Thursday after J&J said it’s preparing to launch an exchange offer for its majority stake.
