The world’s largest exchange-traded fund issuer is setting its sights on a booming corner of the $6.9 trillion industry: ETFs that aim to limit an investor’s downside by also capping their potential gains.
Wall Street banks are poised to realize at least $1.3 billion in losses on the sale of ultra-risky debt tied to the leveraged buyout of Citrix Systems Inc.
The surprise OPEC+ production cut was aimed squarely at one audience: speculators betting that oil prices would fall.
The upcoming earning season may be the first of several difficult quarters as the possibility of a recession looks more certain, according to Chris Harvey, head of equity strategy at Wells Fargo.
Glencore Plc is still pursuing its $23 billion proposal to buy Teck Resources Ltd. and seeking talks with the Canadian company’s management, undeterred by firm rejections from both Teck’s board and controlling shareholder.
Illumina Inc.’s was ordered to unwind its $7 billion acquisition of cancer startup Grail by the Federal Trade Commission, an uncommon move by antitrust regulators who said the deal raises competition concerns for cancer testing.
Ubisoft Entertainment SA is closing its sales offices in Spain, Italy, the Netherlands, Poland and the Nordics after the company disclosed a cost-cutting plan following disappointing sales in the fiscal quarter ending in December.
Central bankers who spent past weeks puzzling over how financial turmoil will impact their outlook now have a jolt in the form of higher oil prices to contend with.
OPEC+’s shock decision to cut oil production isn’t just redrawing the outlook for crude prices, it’s also hit the prospects of tanker companies that transport the barrels.
Drivers on the US East Coast are at risk of rising gasoline prices this summer driving season as strikes in France and sanctions on Russia threaten to limit shipments from the region’s biggest overseas source of fuel.
