Tag: Stocks and Bonds

SoftBank Claws Back Into the Black After Historic Losses

TOKYO — Just four months ago, Masayoshi Son, the daring billionaire who leads the Japanese conglomerate SoftBank, looked as if he might lose it all. His company had just announced the largest annual loss of any firm in the history of corporate Japan. And tens of billions of dollars in investments he had made in […]

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Profits Rebound at Warren Buffett’s Berkshire Hathaway

The strong recovery in the stock market — and a surge in the value of Apple’s stock, in particular — drove a rebound in profits for Warren E. Buffett’s Berkshire Hathaway in the second quarter. Berkshire on Saturday said it earned $26.4 billion in the second quarter, a turnaround from a $49.7 billion loss in […]

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Major U.S. Health Insurers Report Big Profits, Benefiting From the Pandemic

The nation’s leading health insurers are experiencing an embarrassment of profits. Some of the largest companies, including Anthem, Humana and UnitedHealth Group, are reporting second-quarter earnings that are double what they were a year ago. And while insurance profits are capped under the Affordable Care Act, with the requirement that consumers should benefit from such […]

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Kodak C.E.O. Got Stock Options Day Before News of Loan Sent Stock Soaring

At the beginning of this week, the Eastman Kodak Company handed its chief executive 1.75 million stock options. It was the type of compensation decision that generally wouldn’t attract much notice, except for one thing: The day after the stock options were granted, the White House announced that the company would receive a $765 million […]

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Can’t Afford a Birkin Bag or a Racehorse? You Can Invest in One

Antonella Carbonaro, a consultant to financial technology companies, saved up to buy her Birkin bag, a luxury tote made by Hermès that sells new for tens of thousands of dollars. Since getting her bag in 2018, Ms. Carbonaro has stored it in her closet, bringing it out only on special occasions. But when she heard […]

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3 Post-Coronavirus Economic Reforms to Make the World Better

The scale of the coronavirus pandemic and the economic shutdowns it caused set in motion a series of debates and questions about what the world may look like once its stranglehold on society loosens: Will we travel less? Will we work at home more? Will norms in schools and at large-scale public events be changed […]

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European Markets Offering an Alternative to the S&P 500

Scott Thiel can’t remember the last time BlackRock Investment Institute had a positive view on European stocks. It’s been that long. At the end of June, the research arm of the world’s largest asset manager upgraded its view on European equities to overweight, from underweight, recommending that investors buy more of these stocks. “It’s been […]

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The Economy Is in Record Decline, but Not for the Tech Giants

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, […]

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As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

When the pandemic prompted companies to furlough or lay off thousands of employees, some chief executives decided to show solidarity by forgoing some of their pay. But it turns out that their sacrifice was minimal. A survey of some 3,000 public companies shows that the cuts — which, so far, have come in the form […]

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New Gold Rush Pushes Price to Record Highs

Something shiny and bright is beckoning investors accustomed to the gloomy days of 2020: gold. In recent days, gold prices have hit record highs. For the year, gold is up 27 percent, a performance that puts it ahead of most stock, bond and commodity markets. On Monday, the price of gold futures on the New […]

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

WASHINGTON — As the coronavirus began shuttering the global economy in March, critical parts of U.S. financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory reach. To head off a devastating downward spiral, the Federal Reserve came to Wall Street’s […]

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Australian Student Files Climate Change Lawsuit Against Government

SYDNEY, Australia — Katta O’Donnell grew up with a fear of fire. As a child, she remembers burning bark falling from the air because of wildfires. This year, she worried that the blazes sweeping across regional Australia, fueled by climate change, could destroy her home outside Melbourne, the same way they had turned thousands of […]

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Tesla Turns a Profit in a Pandemic-Squeezed Quarter

Tesla on Wednesday reported a profit of $104 million, a result that surprised analysts, who were expecting the electric carmaker to lose money as the coronavirus pandemic squeezed the company on two fronts. Sales for the second quarter, which ended in June, slowed while much of the economy shut down and as millions of people […]

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Froth Returns to China’s Stock Market, Echoing the 2015 Crisis

HONG KONG — When Beijing signaled this month that it was time to buy China, investors did not hesitate. But it did not take long for some to get cold feet as officials warned that the market was overheating. In the first four days of trading in July, investors from outside China poured a record […]

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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

HOUSTON — In the first big deal since oil prices crashed four months ago, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion in what many experts consider the beginning of a sweeping consolidation in the U.S. oil industry. The coronavirus pandemic has caused a sharp decline in oil demand, putting intense […]

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Businesses Are Supposed to Cut Debt in a Downturn. Why Not Now?

Since the 2008 global financial crisis, American corporations have taken advantage of historically low interest rates to gorge themselves on debt. Then came the pandemic and the sharpest economic downturn in history, which resulted in an odd solution for the companies that did all that borrowing: more debt. Through late June, giant U.S. companies had […]

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How Novavax Won $1.6 Billion From Operation Warp Speed For Coronavirus Vaccine

In late February, as the coronavirus spread around the world, Dr. Richard Hatchett, the head of an international nonprofit that gives money to vaccine developers, got on an important call to discuss vaccine candidates after his plane touched down at London’s Heathrow Airport. Executives from the Bill & Melinda Gates Foundation, which helped found and […]

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At a Time of Financial Stress, 401(k) Fees Matter More Than Ever

John C. Bogle, founder of the Vanguard Group, had a mantra throughout his long career in the mutual fund industry: “Costs matter.” The amount of fees you pay to a third party to manage your money eats into your retirement savings. That has never been more important, although it is probably not foremost on your […]

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Personal Finance Lessons From the Pandemic

When you’re essentially confined to your house for weeks, you have a lot of time to think. I thought most about preserving the health and safety of friends and family members. But soon I found myself obsessing about my own finances: Like so many others, I had a big problem. As a freelance writer, I […]

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