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Market News

October 26, 2021
DraftKings Walks From Potential $22.4 Billion Offer for Entain
October 26, 2021
Ikea Buys Ex-Topshop Store in Oxford Circus for $522 Million
Ikea is buying the former Topshop store on Oxford Circus, one of the busiest retail locations in Europe, as the Swedish home-furnishings giant...
October 26, 2021
Wells Fargo Backs Mortgage Startup Maxwell at $450 Million Valuation
Maxwell, a startup that operates an online platform catering to mortgage loan officers and smaller lenders, raised $28.5 million in equity funding...
October 26, 2021
Facebook Rises as Buyback, Metaverse Plans Offset Outlook Miss
Facebook Inc. shares rose Tuesday as optimism about a share buyback plan and spending in immersive digital experiences outweighed a below-consensus...
October 26, 2021
Heathrow Hiring Spree Held Back by Drivers Fleeing to Amazon
London Heathrow airport, gearing up to add hundreds of staff to handle a long-awaited rebound in travel, is seeing some of its existing workers...
October 26, 2021
Namibia Plans to Establish a Sovereign Wealth Fund This Year
Namibia plans to establish a sovereign wealth fund by the end of this year that will be used to serve as a buffer against future economic shocks,...
October 26, 2021
Suning.com Said to Mull Sale of Carrefour China Majority Stake
Suning.com Co., the Chinese retailer backed by Alibaba Group Holding Ltd., is weighing a sale of its controlling stake in Carrefour SA’s business...
October 26, 2021
GE Earnings Exceed Estimates as Aviation Gains Buoy Turnaround
General Electric Co.’s jet-engine division continued to rebound from pandemic-induced lows, helping the conglomerate to post a profit that topped...
October 26, 2021
Magnesium Crisis Is Showing Signs of Easing 
Magnesium buyers hit hard by a shortage of the critical material for hardening aluminum used in cars have some good news -- there are signs the...
October 26, 2021
Goldman Lists 50 China Stocks to Benefit From Common Prosperity
Goldman Sachs Group Inc. has spotlighted 50 China stocks that could benefit from President Xi Jinping’s “common prosperity” efforts.