The head of the World Health Organization is being censored on China’s internet after criticizing its zero-COVID policy for being unsustainable. “When we talk about the zero-COVID strategy, we don’t think that it is sustainable, considering the behavior of the virus now and what we anticipate in the future,” WHO Director-General Tedros Adhanom Ghebreyesus told … Read more
US stock futures fell to start the week, indicating that major equity indexes could decline again following last week’s big swings. Futures for the S&P 500 declined 1.5%. Contracts tied to the technology-focused Nasdaq-100 fell 1.7% while those for the Dow Jones Industrial Average receded 1.2%. US government bonds sold off again, pushing the yield … Read more
Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign-wealth fund, … Read more
The 2022 pullback in US stocks intensified last week, with stocks on Thursday staging their largest single-day decline since the onset of the pandemic. The plunge came just a day after Federal Reserve Chairman Jerome Powell appeared to clear the way for a stock rally by casting interest-rate increases larger than a half-percentage point as … Read more
Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. Zillow Z, -9.88% ZG, -9.42% reported a first-quarter profit of $16 million, or 6 cents a share, on revenue of $4.26 billion, up from … Read more
US stock futures edged down, putting major indexes on track to extend losses after one of Wall Street’s worst selloffs since the pandemic began. Futures tied to the Dow Jones Industrial Average shed 0.3%, a day after the blue-chip index slumped more than 1,000 points, its worst day since 2020. S&P 500 futures edged down … Read more
A series of disruptive events for the global economy has rattled the forecasting frameworks that companies use to predict revenue and costs, leading many finance chiefs to adopt tools that allow them to respond to incoming data in real time. Software giant SAPSE is relying more on artificial intelligence and machine learning for its forecasting, … Read more
Bausch + Lomb Corp. priced its IPO at $18 a share Thursday, falling short of expectations as it became the first big company in months to try going public into a turbulent stock market. Bausch Health BHC -7.40% Cos., the parent company, raised $630 million in the offering. It had been aiming to raise as … Read more
Exercise-bike maker Peloton has seen its stock fall after a period of high demand early in the pandemic. Photo: Jeenah Moon/Bloomberg News Peloton Interactive inc PTON -9.09% is exploring a sale of a sizable minority stake, in an effort to shore up its business as the once-hot bike maker’s stock continues to sink. The fitness … Read more
Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and … Read more
