Walmart Inc. shares are far outshining those of Target Corp. and other retail peers, as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer more shelter from slowing economic growth.
A recession will torpedo stocks. Or banking turmoil. Or a government default, or falling earnings, or a too-aggressive Federal Reserve.
The US Treasury’s window to keep the US government from running out of borrowing room continues to narrow as declines in its cash balance to the lowest since 2021 offset a slight uptick in funds available for extraordinary measures.
Uber Technologies Inc. plans to give up about a third of the space at its San Francisco headquarters, adding to a wave of technology companies downsizing in the city.
China’s ambassador is urging Prime Minister Justin Trudeau to avoid further “provocation” as Canada weighs whether to launch a public inquiry into claims the Chinese government meddled in its elections.
A leading Ecuador presidential candidate pledged to honor national debt that was acquired legitimately, while investigating some controversial oil-for-loans deals made with China.
Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said.
Oil posted the first weekly gain since early April after tracking broader market sentiment that embraced risk assets on rising optimism the US will reach a debt-ceiling deal.
Robyn Grew, the newly appointed chief executive officer of the world’s largest publicly listed hedge fund, has a guiding mantra to help sustain the firm’s industry-defying growth: If it ain’t broke, don’t fix it.
The Biden administration has dropped, for now, a plan that would have awarded automakers such as Tesla Inc. credits for using renewable natural gas to power electric vehicles.
