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

Houthis Fired Barrage of Drones and Missiles in Abu Dhabi Attack, Investigation Finds

Houthi militants in Yemen on Monday used a mix of ballistic missiles, cruise missiles and drones to attack Abu Dhabi and parts of Saudi Arabia in one of the most daring attacks by the Iranian-backed group on its Gulf rivals in years. , according to people informed about the United Arab Emirates’ preliminary investigation. The … 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

Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser

The pain is piling up on stock investors after a long weekend in the US, with bond yields at levels not seen since early 2020, and oil prices crossing their 2014 highs. The pace of the Fed’s monetary tightening amid the highest inflation in nearly 40 years, a bumpy start to corporate earnings reporting season … Read more

Bond Yields Hit Two-Year High as Stock Futures Fall

US stock futures fell, led by big tech stocks, as government bond yields rose to a two-year high, a sign that investors are rotating stocks that do well in a low-interest rate environment. S&P 500 futures fell 1% on Tuesday, after US markets were closed Monday for a public holiday. The technology-focused Nasdaq 100 futures … 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

Herd Immunity Is Over—Long Live Superimmunity

Forget herd immunity. Covid-19 vaccines and previous infections do not provide long-lasting protection against infection and transmission, especially with the Omicron variant. This makes it impossible for enough of the population to become immune to prevent the virus from spreading. But don’t despair. Omicron will give a large part of the population what some scientists … 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

Yemen’s Houthi Rebels Claim Suspected Drone Attacks on U.A.E. Capital

Yemeni Houthi rebels said they were behind suspected drone strikes in the United Arab Emirates that killed three people on Monday, as intensified fighting in a 7-year-old civil war spreads across the wider Middle East. The Houthis, who are backed by Iran, said they had targeted Abu Dhabi in retaliation for a recent escalation by … Read more