Europe’s private equity firms are a bad bet for stock investors as the industry grapples with depressed dealmaking and a squeeze from higher interest rates, according to analysts at JPMorgan Chase & Co.
The US Supreme Court tossed out President Joe Biden’s plan to slash the student debt of more than 40 million people, rejecting one of his signature initiatives as exceeding his power.
US factory activity contracted for an eighth month in June, slipping to the weakest level in more than three years as production, employment and input prices retreated.
The narrative propelling the global stock rally since mid-March goes like this: The US economy will hold up fine in the face of higher interest rates, and China’s stimulus efforts will help keep that nation’s post-pandemic recovery chugging along.
A coalition of Thai pro-democracy parties settled a dispute over the powerful parliament speaker’s position, edging closer to forming a new government as the parliament met for the first time after the May election.
The Bank of England’s newest policy maker Megan Greene warned that interest rates may settle at higher levels permanently as a wave of green and artificial intelligence investments promises to boost economic growth.
Carry traders betting on emerging-market currencies have been racking up winnings this year.
In the spirit of July 4th celebrations, this week’s edition has a strong focus on the US consumer. While Americans will enjoy cheaper prices at the pump and other energy-related costs from a year ago, inflation pressures are still paramount when it comes to food. Here are five notable charts to consider in commodity markets.
Rivian Automotive Inc. built more battery-electric vehicles last quarter than Wall Street had anticipated as the company works to ramp up production and overcome a string of supply-chain issues. Its shares soared by double-digits in early trading Monday.
Tesla Inc. and BYD Co. set sales records in the second quarter, likely widening their lead as the world’s top electric-car makers.
