China Evergrande’s bankruptcy filing in New York on Thursday shows a need for Beijing to go big, and soon, to sop up the nation’s soured real estate, says Clocktower Group’s Marko Papic.
IPO Report: At long last, Instacart is reportedly eyeing IPO in September
Instacart Inc. plans to launch its long-awaited initial public offering in September, Bloomberg News reported late Thursday.
Dow Jones Newswires: Japan’s overall consumer prices rise 3.3% in July
Japan’s consumer prices rose over 3% in July, remaining well above the Bank of Japan’s 2% target.
: San Francisco asks state regulators to pause robotaxi rollout, reassess approval
Less than a week after California regulators opened the floodgates to driverless robotaxis in San Francisco, the city has asked for that rollout to be suspended.
The Tell: Treasury market returns are negative again. Why this time for bonds looks different than 2022.
“Approach it with a deep breath, and know this is going to work out in the end,’ says Ryan Murphy, director of fixed income business development at Capital Group.
Earnings Results: Walmart expects to make a lot more money on selling ads for its products. Here’s what it’s up against.
Walmary is hoping to make a lot more money off of advertisements promoting the things it sells. One analyst says it won’t necessarily be easy.
: China Evergrande files for Chapter 15 bankruptcy
Heavily-indebted Evergrande, which has symbolized China’s property crisis, made its filing amid growing fears that the sector’s troubles will spread to other parts of the country’s economy.
Market Extra: Traders brace for explosion of volatility Friday as $2.2 trillion in stock options expire
It’s that time again: monthly stock-market options for August are set to expire on Friday, potentially spurring more volatility in stocks after a bruising three-week run.
Earnings Results: Ross’s stock rallies more than 4% after off-price retailer raises outlook, says people are looking for bargains
Shares of Ross Stores Inc. rose more than 4% after the company joined other off-price retailers in surprising Wall Street with a beat-and-raise.
Earnings Results: Keysight stock drops following disappointing outlook
Keysight Technologies shares fell after hours Thursday after the company’s weaker-than-expected outlook overshadowed its earnings beat.
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