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Market News
March 16, 2021
ByteDance Begins Hiring for Possible Push Into Semiconductors
The standout Chinese startup ByteDance Ltd. has begun hiring employees for a possible push into semiconductors, exploring an expansion well beyond...
March 16, 2021
U.S. Small Businesses Are Holding Off the Debt Apocalypse. For Now.
Government relief programs and lenders’ forbearance have kept U.S. small businesses from defaulting on their debt en masse as revenue slumped...
March 16, 2021
The World’s Three Biggest Coal Users Get Ready to Burn Even More
The world’s three biggest consumers of coal, the dirtiest fossil fuel, are getting ready to boost usage so much that it’ll almost be as if the...
March 16, 2021
Deutsche Bank Rides SPAC Boom to Make League Table Comeback
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world.
March 16, 2021
South Korea President Apologizes for Land Scandal Shaking Support
South Korean President Moon Jae-in apologized over allegations of a land speculation scandal that has rattled his government and led the minister...
March 16, 2021
Iranian Oil Surge To China Hurts OPEC Efforts To Tighten Supply
The torrent of Iranian oil that’s been gushing into China in recent weeks is crowding out imports from other nations and threatening to complicate...
March 16, 2021
Xi Jinping Warns Against Tech Excess in Sign Crackdown Will Widen
China’s top leader warned that Beijing will go after so-called “platform” companies that have amassed data and market power, a sign that the...
March 16, 2021
Hedge Funds Kicked Off 2021 With $49 Billion Sale of Treasuries
Hedge funds offloaded the most Treasuries in nine months in January, foreshadowing a selloff in U.S. bonds that occurred just weeks later.
March 16, 2021