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Investing
Who says corporate bonds are dull? Apple’s bonds have seen equity-like returns in the past month
Investors who were savvy enough to buy Apple Inc. bonds in October are now looking at equity-like returns, as prices have climbed while spreads have…
Tesla’s Cybertruck hits the market with a higher price tag and plenty of challenges
Tesla CEO Elon Musk presided over the delivery of the company’s long-awaited Cybertruck, four years after it was first unveiled. But while…
US fines PwC $7 million for allowing cheating in audit exams in China
A US regulator has hit the China arm of prestigious “Big Four” firm PwC with a $7 million fine.
The company failed to detect or…
Jobless claims tick higher in latest week, reaching highest level in 2 years
The numbers: Initial jobless claims rose 7,000 to 218,000, in the week ending Nov. 25, the Labor Department said Thursday. Economists polled by The Wall…
Meta identifies Chinese propaganda threat ahead of 2024 election
Meta took down thousands of Facebook accounts based in China that were impersonating Americans while posting on partisan issues like abortion…
Fed’s Williams says interest rates are ‘at, or near’ peak
The Federal Reserve’s benchmark interest rate may have already hit its peak level, as it is now putting more downward pressure on the economy than at any…
More executives go missing in China — this time linked to troubled shadow bank Zhongzhi
Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to…
Pending home sales index drops to record low level in October
The numbers: Pending-home sales fell 1.5% to a record-low reading of 71.4 in October, according to the monthly index released Thursday by the National…
Dr Martens shares slide 27% as the British bootmaker warns on profits
Shares in Dr Martens dived more than 27% Thursday after the company issued its fourth profit warning in 12 months, blaming lackluster demand from US…
Chicago business activity index moves into expansion territory for first time in more than a year
The Chicago Business Barometer, also known as the Chicago PMI, jumped to 55.8 in November from 44 in the prior month. That’s the largest monthly gain since…