Goldman Pays Up for Talent, Sending Profits Down

It’s time to pay the bill due to the pesky Wall Street pandemic. Investment banking units across the industry have had huge results in the pandemic, first from nervous companies that wanted to increase debt and then from confident executives who wanted to expand their empires. The tumultuous markets have pushed trading returns skyrocketing. Companies … Read more

Stocks Fall as Bond Yields Hit Two-Year High

US stock indices fell on Tuesday and bond yields hit a two-year high, as investors worry about whether the Federal Reserve will raise interest rates more quickly and aggressively than expected. Investors, on the weekend that markets were closed on Monday, sold stocks across the board. All three indices slipped, with the S&P 500 down … Read more

Kohl’s Is Urged by Macellum to Make Changes or Explore Sale

An active investor replenishes a batch to acquire Kohl’s . supermarket chain company KSS -1.93% To take action to boost its lagging stock. People familiar with the matter said Macellum Advisors GP LLC, which owns roughly 5% of Kohl’s, is urging the company to make changes including a change of its board. People said Kohl’s … Read more

Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind

Berlin — luxury car brands such as Rolls-Royce, Bentley, Porsche and BMW BMW -0.30% Record sales were set, thanks to customers who coveted it and manufacturers who channeled rare chips toward their most profitable models. With international travel halted during the pandemic and many avenues of flashy spending closed to them, a young generation of … Read more

Credit Suisse’s António Horta-Osório Lost Board Support Over Covid-19 Rules Breach

He came to fix the Credit Suisse group AG’s shattered culture. Then it became part of the problem. Antonio Horta Osorio was hoping for a slap in the wrist on Sunday from Credit Suisse CS 0.38% Council for breaching coronavirus quarantine rules on trips to events, according to people familiar with his departure. Instead, he … Read more

Credit Suisse Chairman to Leave After Breaking Covid Travel Rules

Credit Suisse Group AG CS 0.38% Chairman Antonio Horta Osorio left the World Bank after a board investigation into his travel and personal behavior, according to people familiar with the bank. Credit Suisse said late Sunday that Mr Horta-Osório had resigned following a board-mandated investigation. The people said the investigation examined his behaviour, including travel … Read more

India Sells Antiship Missiles to the Philippines as Concern Over China Grows

India has reached an agreement to supply the Philippines with the BrahMos anti-ship cruise missile system, officials from both sides said, in a deal that could help counter China’s recent assertiveness over disputes in the region. The sale marks India’s first export of the Brahmos, which is made by an Indo-Russian joint venture in New … Read more

Elon Musk’s Tesla Asked Law Firm to Fire Associate Hired From SEC

A partner at the law firm Cooley LLP received an unexpected call late last year from a lawyer for one of the company’s most famous clients, Elon Musk’s Tesla. company , TSLA 1.75% with an alarm. People familiar with the matter said the world’s richest man wanted Cooley, who has represented Tesla in several lawsuits, … Read more

Citigroup Sticks With Its Covid-19 Vaccine Mandate, While GE Drops Its Rules

City Group company c -1.25% It is committed to delegating a Covid-19 vaccine to its US employees. General Electric company Give 0.68% Not. The two US companies are heading in opposite directions after the Supreme Court on Thursday blocked the Biden administration’s rule that large employers require their employees to get vaccines or be tested. … Read more

Dow Closes Lower as Bank Stocks Fall

The winter stock market sell-off deepened this week, pushing the three major indices into the red for 2022. The S&P 500 and Dow Jones industrial indexes have fallen for the second week in a row, while the Nasdaq Composite has fallen in the past three weeks. Investors continued to sell bonds, pushing the yield on … Read more