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Market News
March 11, 2021
U.S. Mortgage Rates Rise for Fourth Straight Week, Hitting 3.05%
U.S. mortgage rates rose for a fourth straight week, with higher borrowing costs threatening to crimp the housing rally.
March 11, 2021
Largest Crypto Exchange Names Ex-U.S. Senator Baucus as Adviser
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has named prominent former U.S. politician Max Baucus as a policy and...
March 11, 2021
BAT Makes $175 Million Cannabis Bet With Organigram Investment
British American Tobacco Plc will acquire a stake of almost 20% in Canadian pot producer Organigram Holdings Inc., its biggest expansion into...
March 11, 2021
Apple Invests With Women-Owned Adviser Starting Job Program
Apple Inc. is allocating a portion of cash to women-owned investment adviser Seelaus Asset Management, which will use fees from the investment to...
March 11, 2021
Wells Fargo Ditches Abbot Downing Name for Ultra-Rich Clients
Wells Fargo & Co. is dropping the Abbot Downing name for managing ultra-rich clients’ money as wealth and investment-management head Barry...
March 11, 2021
Instacart Names Slootman to Board; Another Sign It May Go Public
Instacart Inc. appointed Snowflake Inc. Chief Executive Officer Frank Slootman to its board of directors, another sign the grocery delivery startup...
March 11, 2021
France Sees ‘Reasonable Chance’ of EU Deal on EDF Within Weeks
France sees a “reasonable chance” of getting approval from the European Commission for new power-market regulations that would help Electricite...
March 11, 2021
Bank of Canada’s New Labor Bent Puts Jobs Numbers in Spotlight
The Bank of Canada’s increased focus on the jobs market means investors will pay extra attention to Friday’s labor report, as they search for...
March 11, 2021
Lagarde Hails Proactive ECB Policy on Bonds to Protect Recovery
European Central Bank President Christine Lagarde unveiled a new phase of her institution’s relationship with the bond market in a more-active...
March 11, 2021