Traders betting against the shares of Coinbase Global Inc., CarMax Inc. and GameStop Corp. should be on high alert: The stocks are all prime candidates for a short squeeze that could stick these speculators with steep losses.
Protesters briefly stormed the Paris headquarters of LVMH on Thursday ahead of a labor union-led march against Emmanuel Macron’s pension reform, setting off flares in the building on the chic Avenue Montaigne.
Donald Trump returned to Lower Manhattan to be deposed for a second time as part of New York state’s $250 million civil lawsuit accusing the former president of manipulating the value of his assets for years to dupe banks and insurers.
A venture started by WeWork Inc. and Rhone Group defaulted on a loan for a San Francisco office tower.
Rent the Runway Inc. fell after it reported a downbeat outlook for the remainder of the fiscal year and named a new chief financial officer.
US government forecasters issued an El Nino watch as the odds increased that the weather-changing phenomenon will arise over the Pacific Ocean, raising the prospects of a below-average Atlantic hurricane season as well as heavy rains and searing heat across multiple regions of the globe.
From New York to London, a key part of the credit market is shrinking.
The biggest labor union at South Africa’s Eskom Holdings SOC Ltd. demanded a 15% wage increase, as the cash-strapped utility struggles to generate enough power to meet the country’s needs, resulting in daily blackouts.
US producer prices fell in March by the most since the start of the pandemic, driven by a decline in gasoline costs that has helped slow inflationary pressures.
Bank of England Chief Economist Huw Pill said the UK could experience a “positive demand shock” as rock-bottom unemployment leaves workers with more to spend.
