A credit boom by nontraditional lenders has left the economy with too much debt, risking financial instability, Here’s how policy makers should react.
The Ratings Game: BofA downgrades Schwab by two notches as stock extends slide for second day
Analyst Craig Siegenthaler cuts rating on Schwab to underperform from buy and slashes price target to $75 from $94 as investors migrate to money-market funds.
: Tesla could ‘easily’ sell more cars after price cuts, analyst says
Tesla’s price cuts herald market-share gains that most investors do not yet fully appreciate, analysts at Piper Sandler said in a note Thursday, keeping their ratings on the electric-vehicle maker at the equivalent of buy.
The Wall Street Journal: Uber working with auto makers to design EVs customized for ride-sharing and delivery
Uber Technologies Inc. is working with auto makers to design lower-cost electric vehicles tailored for its ride-hailing and delivery businesses, part of its effort to electrify its fleet.
The Ratings Game: IBM’s ‘turnaround has been successful enough,’ analyst says in ending bearish call
Yesterday, analysts at Morgan Stanley said their bull case for International Business Machines Corp.’s stock had played out.
Coronavirus Update: China slams Western media for criticism of zero-COVID, as U.S. cases continue to decline
China has accused “some Western media” of bias and political manipulation in covering China’s abrupt dropping of COVID restrictions
Market Extra: Foreign investors flock back to Chinese stocks now that the economy is reopening after the lifting of COVID restrictions
Global funds are marching back into Chinese equities in full force as the country’s rapid reopening and the likelihood of policy stimulus to rescue economic growth have improved the gloomy backdrop for stocks in 2023.
Brett Arends’s ROI: This simple, no-sweat portfolio makes money in all markets
This collection of 8 investments spans multiple asset classes and performed well in all environments over the past 50 years.
Metals Stocks: Gold prices end at highest since April after back-to-back losses
Gold futures gain on Thursday to their highest prices since April, after back-to-back losses.
The Wall Street Journal: McCarthy-negotiated rules package hands Republicans an immediate partisan advantage on Office of Congressional Ethics
Three of eight-member board’s Democratic appointees set to lose their posts to newly imposed term limits.