glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more
glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more
US stock indexes moved lower and a selloff in technology stocks deepened as investor concerns about economic growth and rising interest rates continued to weigh on markets. The S&P 500 fell 2% Tuesday afternoon. The Dow Jones Industrial Average lost 1%, while the tech-heavy Nasdaq Composite slid 3.3%. Investors are considering a range of signals … Read more
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback attempt from earlier in the day. After the market closed with strong gains Monday, Spiegel spoke at a JP Morgan technology conference, and the company stated in a … Read more
US stocks rose in early trading, as the S&P 500 pushed away from bear-market territory after flirting with such levels in a volatile trading session Friday. The broad-market benchmark jumped 1.2% Monday. At one point Friday, the S&P 500 slide so far it was on track to close at least 20% below its January peak—what … Read more
With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more
A weekslong selloff took on new intensity Friday, sending the S&P 500 tumbling into bear market territory for the first time since the pandemic-driven selloff of 2020. Stocks rose at the open, then reversed course, falling throughout the session. The S&P 500 slumped 1.8%, on track to close at least 20% below its January peak. … Read more
US stocks slipped Friday, extending recent losses that have major indexes on track for their longest streak of weekly declines in more than two decades. The Dow Jones Industrial Average declined 338 points, or 1.1%, while the Nasdaq Composite lost 1.3%. The S&P 500 fell 0.8% after narrowly avoiding entering a bear market, or a … Read more
It’s been a terrible week in an awful year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to the worries about interest-rate hikes and quantitative tightening. Goal, Melvin Capital asidethere haven’t been signs of surrender. Over the last six weeks, equity redemptions … Read more