High-yield junk market still attractive: top bond manager Margaret Patel
The gains in high-yield junk bonds are not over, thanks to the Federal Reserve’s supportive stance on monetary policy, Margaret Patel, one of the mutual-fund...
Wall Street rally loses steam as industrials drag
Wall Street’s main indexes gave up gains to trade slightly lower on Tuesday, as declines in industrial companies dampened early optimism over easing trade tensions...
Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh
Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier, as deliveries of its top-selling 737 MAX...
Capgemini expands with technology venture capital fund
Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies....
State attorneys general in U.S. plan lawsuit to stop Sprint-T-Mobile deal: sources
At least 10 state attorneys general plan to file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint Corp and...
Wall Street higher on trade optimism, rate cut hopes
Wall Street’s main indexes rose and the S&P 500 edged back toward record territory on Tuesday, as easing trade tensions with Mexico and hopes of...
Underlying U.S. producer inflation boosted by services
Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains...
South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the...
World share markets continue rally on trade, Fed hopes
Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that...
Beyond Meat slides after lead underwriter downgrades stock
Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the...
