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Market News

March 17, 2021
China’s Stock Volatility Contrasts With Calm in Bond Markets
As rising U.S. Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers...
March 17, 2021
Biden Says Senate Rules Should Change to Make Filibuster Harder
President Joe Biden signaled a willingness Tuesday to overhaul the Senate rule that allows the minority party to block legislation, saying he’d...
March 17, 2021
House Extends Small-Business Rescue, With $93 Billion Still Left
The U.S. House approved a two-month extension of a popular U.S. small-business rescue program that still has almost $93 billion left to distribute,...
March 17, 2021
Alibaba’s Web Browser Is Removed From Chinese App Stores
Alibaba’s UC Browser vanished from China’s largest app stores after state-backed broadcaster CCTV blasted the popular mobile browser along with...
March 17, 2021
Turkey Bulls Bet a Rate Hike Will Make Lira Carry Hard to Resist
Spiking U.S. Treasury yields just forced the Turkish lira into the sharpest retreat in emerging markets. With a pivotal interest-rate meeting...
March 17, 2021
Ex-PBOC Official Warns of ‘Huge’ Losses With Monetary Tightening
China will risk “huge economic losses” if it tries to curb asset bubbles through monetary policy tightening, a former central bank official...
March 17, 2021
Biden Says Cuomo Would Have to Resign If Allegations Confirmed
President Joe Biden said Tuesday that New York Governor Andrew Cuomo should resign if an investigation confirms the sexual harassment allegations...
March 17, 2021
Food-Ordering Software Maker Olo Tops Goal With $450 Million IPO
Olo Inc., the food-ordering software company whose board members include Shake Shack Inc. founder Danny Meyer, raised $450 million in an initial...
March 17, 2021
Brilliant Energy Files for Bankruptcy After Texas Power Crisis
Brilliant Energy LLC filed for bankruptcy in the Southern District of Texas, adding to a growing list of companies that have stumbled after power...
March 17, 2021
Canada ‘Concerned’ Mexico Electricity Law Will Harm Investments
Prime Minister Justin Trudeau’s government is worried that a recently amended electricity law in Mexico will harm Canadian investments in the...