U.S. Aims Sanctions at Pro-Russian Agents as Blinken Plans Ukraine, Russia Meetings

The US prepares financial sanctions on pro-Russian operatives in Ukraine as Foreign Minister Antony Blinken heads to Europe to meet with the Ukrainian leadership and its Russian counterpart, as part of a display of diplomacy and pressure that Washington hopes Russia will stop. will stop it from invading its neighbor, US officials said. As pressure … Read more

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

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

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

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