Top Financial News provided by CBS Marketwatch©
- In One Chart: Global bonds are in first bear market in 76 years based on two centuries of data, says Deutsche BankThe last time global bonds fared so poorly was in 1946, the year that the first session of the United Nations was held in London after the end of World War II.
- Key Words: New Truss government is like a doomsday cult, UBS economist saysAmong the harshest comments of the financial plan from the UK government comes from Paul Donovan, the chief economist of UBS Global Wealth Management.
- Futures Movers: Oil futures fall back in volatile trade, to their lowest prices since JanuaryOil futures move lower in volatile trading Monday as fears of a recession lead to a dip in prices to their lowest since January, but concerns over tight global supplies limit losses.
- Key Words: Mitch McConnell praises Kyrsten Sinema as ‘the most effective first-term senator’ he’s seen in his careerSenate Minority Leader Mitch McConnell offers high praise for Arizona Democrat Kyrsten Sinema ahead of her lecture on bipartisanship.
- Market Snapshot: Stocks mostly lower as Dow flirts with slide into bear-market territoryStocks struggle for direction Monday, with the Dow in danger of slipping into a bear market.
- Next Avenue: Are cruises fun again? COVID rules have been eased, but some things may never go back to the way they were.The CDC believes that cruise lines have the tools to prevent and manage COVID transmission, but for some, it pays to be cautious, especially traveling abroad.
- Sustainable Investing: USDA’s $2.8 billion for ‘climate-smart’ agricultural projects is a ‘huge step’ in fighting climate changePilot projects aim to reduce methane emissions, improve soil quality and sequester carbon.
- Outside the Box: The bright side of the Great Resignation: You now have a better chance to be promoted at workThe ranks have been thinned. Take a chance to get ahead.
- Help My Career: Hybrid work fuels ‘productivity paranoia’ between employees and their managersMicrosoft gathered responses from 20,000 people across 11 countries to learn how remote working affects engagement and trust.
- The Margin: This is what Americans hate most about flying — and it’s not reclining seats, or even disruptive passengersAmericans hate flying with drunk passengers and seat kickers. Other peeves include passengers who wear too much cologne or perfume and passengers who don’t pay attention to their children.
The last time global bonds fared so poorly was in 1946, the year that the first session of the United Nations was held in London after the end of World War II.
Among the harshest comments of the financial plan from the UK government comes from Paul Donovan, the chief economist of UBS Global Wealth Management.
Oil futures move lower in volatile trading Monday as fears of a recession lead to a dip in prices to their lowest since January, but concerns over tight global supplies limit losses.
Senate Minority Leader Mitch McConnell offers high praise for Arizona Democrat Kyrsten Sinema ahead of her lecture on bipartisanship.
Stocks struggle for direction Monday, with the Dow in danger of slipping into a bear market.
The CDC believes that cruise lines have the tools to prevent and manage COVID transmission, but for some, it pays to be cautious, especially traveling abroad.
Pilot projects aim to reduce methane emissions, improve soil quality and sequester carbon.
The ranks have been thinned. Take a chance to get ahead.
Microsoft gathered responses from 20,000 people across 11 countries to learn how remote working affects engagement and trust.
Americans hate flying with drunk passengers and seat kickers. Other peeves include passengers who wear too much cologne or perfume and passengers who don’t pay attention to their children.
Wall Street Journal Market News©
- Stocks Waver as Growth Worries LingerU.S. stocks flitted between gains and losses, with concerns about the world economy pushing financial markets into disarray.
- Tata's Potential---and Problems---Are Symbolic of India ItselfTata Group is in the midst of yet another reorganization—this time in the steel business.
- Britain's Sketchy Growth Plan Is Scarier Than Its Bond VigilantesInvestors don’t seem to have much confidence that the U.K. government’s fiscal splurge will generate the economic results it is hoping for.
- Banks Could Get Nudged Out of Leveraged LendingThe trouble with a recent deal for buyout debt could be an even bigger worry if more of that type of lending shifts away from banks.
- Marsh & McLennan Names New CEOThe insurance broker and benefits firm’s chief operating officer will succeed Daniel Glaser, who is retiring as CEO at the end of the year.
- Four Ways to Save Money on Car Insurance as Rates RiseThe cost of insuring a car jumped 8.3% in the past year and is projected to rise as much as 10% more in 2023, analysts say.
- Recession Fears Save Pharma From Pricing ConcernsDrug companies are facing patent expirations and price pressure, but investors won’t make them pay for those problems just yet.
- China's Central Bank Moves Further to Bolster the YuanThe People’s Bank of China is making it more expensive for traders and institutions to bet against the yuan after it weakened rapidly against the dollar.
- IPO Stocks Have Tumbled, Hobbling Demand for New ListingsAbout 87% of companies that went public in 2021 are trading below their initial-public-offering prices, down more than 49% on average as of Friday’s close.
- Buying the Stock-Market Dip Isn't WorkingIt is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, denting a strategy that soared in popularity over the past decade.
- Slide in Transportation Stocks Flashes Warning on EconomyShares of transportation companies are falling twice as fast as the hard-hit U.S. stock market, reflecting investors’ expectations of a recession.
- Short Sellers Upended a Small Farm Real-Estate Company. This Is What It Looked Like.Farmland Partners’ shares plummeted after a report said the company was in trouble. Prosecutors and regulators have been examining what happened.
- Beating Inflation Is Easy Online---Except for SellersE-commerce businesses, with a reputation for offering bargains, are less able to raise prices to offset higher labor and transportation costs.
- Pensions Brace for Private-Equity LossesRetirement officials predict grim results from investments in private equity and other illiquid assets.
- Carbon-Credit Surplus Could Soon Turn to ShortageSoon there might not be enough carbon credits to go around as hundreds of companies act to offset emissions they can’t eliminate on their own.
- General Mills, Meta Platforms, Moderna: Stocks That Defined the WeekHere are seven major companies whose stocks moved on the week’s news.
- Markets Are Right to Be Shocked by Britain's Version of ReaganomicsIf markets lose confidence, it will make it even harder for what was already a high-risk fiscal policy to succeed.
- Oil Falls Below $80 a BarrelWeakening growth and a strengthening dollar are weighing on crude prices, which are near the level they started the year.
- Dow Drops to Lowest Level of 2022 as Growth Fears Roil MarketsInvestors, mulling stubbornly high inflation and unnerved by Russia’s attempts to escalate the war in Ukraine, fled for the exits, driving a concurrent selloff in stocks and bonds alike.
- Microsoft's Real Game With ActivisionIf Microsoft wants to make investors some real money, here’s an idea: It should openly promise to keep “Call of Duty” on the PlayStation forever.
U.S. stocks flitted between gains and losses, with concerns about the world economy pushing financial markets into disarray.
Tata Group is in the midst of yet another reorganization—this time in the steel business.
Investors don’t seem to have much confidence that the U.K. government’s fiscal splurge will generate the economic results it is hoping for.
The trouble with a recent deal for buyout debt could be an even bigger worry if more of that type of lending shifts away from banks.
The insurance broker and benefits firm’s chief operating officer will succeed Daniel Glaser, who is retiring as CEO at the end of the year.
The cost of insuring a car jumped 8.3% in the past year and is projected to rise as much as 10% more in 2023, analysts say.
Drug companies are facing patent expirations and price pressure, but investors won’t make them pay for those problems just yet.
The People’s Bank of China is making it more expensive for traders and institutions to bet against the yuan after it weakened rapidly against the dollar.
About 87% of companies that went public in 2021 are trading below their initial-public-offering prices, down more than 49% on average as of Friday’s close.
It is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, denting a strategy that soared in popularity over the past decade.
Shares of transportation companies are falling twice as fast as the hard-hit U.S. stock market, reflecting investors’ expectations of a recession.
Farmland Partners’ shares plummeted after a report said the company was in trouble. Prosecutors and regulators have been examining what happened.
E-commerce businesses, with a reputation for offering bargains, are less able to raise prices to offset higher labor and transportation costs.
Retirement officials predict grim results from investments in private equity and other illiquid assets.
Soon there might not be enough carbon credits to go around as hundreds of companies act to offset emissions they can’t eliminate on their own.
Here are seven major companies whose stocks moved on the week’s news.
If markets lose confidence, it will make it even harder for what was already a high-risk fiscal policy to succeed.
Weakening growth and a strengthening dollar are weighing on crude prices, which are near the level they started the year.
Investors, mulling stubbornly high inflation and unnerved by Russia’s attempts to escalate the war in Ukraine, fled for the exits, driving a concurrent selloff in stocks and bonds alike.
If Microsoft wants to make investors some real money, here’s an idea: It should openly promise to keep “Call of Duty” on the PlayStation forever.
Monday 