WHO head censored in China after criticizing zero-COVID policy, and US cases are now up 52% ​​from two weeks ago

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

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

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

Market’s 2022 Slide Has Already Changed Investor Behavior

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 stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

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

Ukraine War, Inflation and Covid-19 Keep CFOs on Their Toes Over Forecasts

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 Prices IPO at $18 a Share, Below Expectations

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

Peloton Seeks Minority Investment to Shore Up Business

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

Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble.

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

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US banking regulators are poised to overhaul how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act is set to be announced Thursday and aims to ensure lending … Read more

Stocks Slide as Investors Reassess Fed Comments

US stocks fell, with technology stocks leading the way, as investors assessed the implications of Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 2.1% in early trading Thursday. The tech-focused Nasdaq Composite Index lost 3.2%, and the Dow Jones Industrial Average retreated 1.6%, or 551 points. … Read more