Tag: Stocks and Bonds

Saudi Aramco Sees Itself as a $1.7 Trillion Company

Saudi Aramco, the world’s largest oil company, offered more details on the enormous share offering it is planning for December, setting an overall market value of the company of as much as $1.7 trillion, a figure short of the $2 trillion initially estimated by Crown Prince Mohammed bin Salman. Still, the company could raise close […]

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How to Beat the Market

THE MAN WHO SOLVED THE MARKETBy Gregory Zuckerman There are few books in the investing world as well known as Burton Malkiel’s “A Random Walk Down Wall Street.” First published in 1973, it has never been out of print, and is now in its 12th edition. Its thesis is that “a blindfolded monkey throwing darts […]

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Trump Renews Tariff Threat Against China and Touts U.S. Economic ‘Boom’

WASHINGTON — President Trump on Tuesday said the United States was “close” to an interim deal with China and that an agreement “could happen soon,” even as he renewed his threat of additional tariffs. Mr. Trump’s remarks at the Economic Club of New York were likely to stoke still more uncertainty about how quickly the […]

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How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans

RUZHOU, China — When the call came for local doctors and nurses to step up for their troubled community, the emergency wasn’t medical. It was financial. Ruzhou, a city of one million people in central China, urgently needed a new hospital, their bosses said. To pay for it, the administrators were asking health care workers […]

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A Recession Warning Reverses, but the Damage May Be Done

The message from Wall Street is clear: The American economy is not in the kind of trouble that investors feared earlier this year. Stocks are at all-time highs and climbing. Yields on long-term government bonds, which reflect expectations for growth and inflation, are also rising. Corporate bond spreads show that investors are more confident in […]

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The Promise and the Peril of Aramco

Saudi Arabia’s Capital Market Authority on Sunday announced that the kingdom had approved plans for turning Saudi Aramco, its hugely profitable national oil company, into a publicly traded corporation. An initial public offering of 1 percent to 3 percent shares is expected in December, but may come later. Prince Mohammed bin Salman touted a valuation […]

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SoftBank Takes a Financial Hit as Its WeWork Bet Sours

TOKYO — SoftBank Group of Japan on Wednesday said it took a multibillion-dollar write-down related to its stakes in WeWork and Uber, two flashy technology companies that have become the poster children for the excesses of start-up culture. SoftBank Group is the world’s largest tech investor, and it has used its $100 billion Vision Fund […]

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As Warren Gains in Race, Wall Street Sounds the Alarm

Julia Roberts was making the rounds at Blackstone, and no one at the giant private equity firm was particularly happy to see her. In mid-July, a video featuring a clip of Ms. Roberts in the movie “Pretty Woman” ping-ponged through inboxes of Blackstone employees. The video, produced by Senator Elizabeth Warren’s office to promote a […]

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Stocks Hit Record After Jobs Report

Stocks rose Friday after a strong jobs report reassured investors about the health of the United States economy. Employers added 128,000 jobs in October, more than economists had expected, the Labor Department said, and revisions to prior months’ data tacked on another 95,000 jobs. October’s figure would have been stronger had it not been for […]

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Alibaba Offers a Positive Signal Amid China’s Sagging Growth

SHANGHAI — Alibaba, the Chinese e-commerce giant, reported better-than-expected sales growth for the three months that ended in September, in a sign that the world’s largest group of consumers is still shopping online despite the country’s slowing growth. An e-commerce goliath and a symbol of China’s rising tech prowess, Alibaba has lately taken on a […]

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Can PG&E Survive the California Wildfires?

California’s Pacific Gas & Electric problem isn’t going away. The giant utility has been in bankruptcy for months, and it is not clear who will end up controlling it. This uncertainty has extended into the wildfire season, exposing not just the shortcomings in PG&E’s fire-prevention efforts but also the threat that fire liabilities still pose […]

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Aramco’s I.P.O. Will Be Less Gigantic Than Promised

When Mohammed bin Salman announced in 2016 that he would list one of his country’s crown jewels — the state-owned oil giant Saudi Aramco — on the stock market, he set some audacious goals. Aramco would be valued at about $2 trillion, easily making it the world’s biggest publicly traded company. Even though the stock […]

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The Day the Trump Boom Died

Last spring Donald Trump and the people around him probably thought they had a relatively clear path to re-election. On one side, it looked as if Trump had weathered the threat of politically fatal scandal. The much-awaited Mueller report on Russian election intervention had landed with a dull thud; the details were damning, but it […]

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C.E.O. Confidence Is Collapsing. That Could Hurt Stocks.

American companies spent more than $800 billion on their own shares last year, taking a windfall from deep corporate tax cuts to try to bolster their share prices and improve the look of their quarterly earnings reports. This year, as the economy’s worsening prospects rattle executives, those buybacks are slowing down. The mood among corporate […]

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Kenneth Fisher Ruled Investing. Then He Made a Sexist Joke.

Kenneth Fisher, a billionaire money manager, is known for aggressively marketing his firm and attaching his name to books, columns and TV ads. His marketing acumen has helped build his investment firm into a significant player in the world of money management, managing more than $112 billion of investors’ money, up from $33 billion a […]

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How to Invest When the Market Can’t Make Up Its Mind

Stocks have been even more fickle than usual. The main stock indexes are all up this month, and they have had double-digit gains since January. But it has been hard for traders to muster much enthusiasm. Despite the recent rallies, stocks haven’t made substantial net gains since the beginning of last year. For the American […]

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Wall Street’s Sky-High Expectations Are About to Collide With Reality

Wall Street’s eternally optimistic forecasters are expecting corporate profit growth to surge by the middle of next year — views that are about to collide with reality as hundreds of companies report financial results and update investors on their prospects. American companies go through this ritual every three months: sharing financial statements and holding conference […]

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Trump and China Have a ‘Phase One Deal.’ The World Economy Is Still at Risk.

Financial markets are downright exuberant about the arrival of some trade peace — at least for now — between the United States and China. President Trump boasted Friday afternoon of a “substantial phase one deal,” including Chinese purchases of American agricultural products and an accord on currency policy. The United States is also holding off […]

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