Elon Musk’s Tesla Expected to Record First Full Year of Profitability January 27, 2021 Tesla Inc. TSLA 0.26% is expected to report its first full-year profit, a milestone powered by record vehicle deliveries in the face of a… Continue Reading
Renewed Demand for Treasurys Quells Fears of Rising Rates—for Now January 27, 2021 A sharp climb in U.S. government bond yields has stalled, easing investors’ concerns that rising rates could undercut recent gains in riskier assets. The… Continue Reading
How GameStop’s Reddit- and Options-Fueled Stock Rally Happened January 27, 2021 Shares of a handful of firms such as GameStop Corp. GME 92.71% and BlackBerry Ltd. have posted triple-digit gains in recent weeks, part of… Continue Reading
U.S. Stock Futures Waver With Major Tech Earnings on Tap January 27, 2021 Jan. 27, 2021 3:46 am ET U.S. stock futures wavered ahead of day of corporate earnings reports from major technology firms. Futures on the… Continue Reading
HSBC CEO Defends Stance on Hong Kong January 27, 2021 U.K. lawmakers accused HSBC Holdings HSBC 0.73% PLC Chief Executive Noel Quinn of appeasing China and ignoring the erosion of democracy and rule of… Continue Reading
Microsoft Masters the Cloud Game January 27, 2021 Microsoft CEO Satya Nadella in February. Photo: Samyukta Lakshmi/Bloomberg News Microsoft MSFT 1.22% didn’t rebuild its business around a possible global crisis, but the… Continue Reading
Allstate to Sell Life Insurance Unit to Blackstone for $2.8 Billion January 27, 2021 Blackstone and Allstate expect the deal to close in the second half of the year. Photo: Geert Vanden Wijngaert/Bloomberg News By Josh Beckerman Jan…. Continue Reading
Goldman CEO David Solomon Takes $10 Million Pay Cut for 1MDB Scandal January 26, 2021 Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S…. Continue Reading
Trading Surge Strains Online Brokerages January 26, 2021 Stock trading volume has surged in the past week, and Wall Street’s online brokers are struggling to keep up. In recent days, clients of… Continue Reading
Biggest U.S. Banks Embrace ‘Rooney Rule’ Policies in Diversity Hiring Push January 26, 2021 Five of the largest U.S. banks publicly committed to mandating a diverse slate of applicants when hiring employees, part of a push to diversify… Continue Reading
