Technology shares lifted the Nasdaq Composite, retaking the lead from the cyclical shares that had rallied in recent days on promising vaccine news.10
Ted Kaufman, former chief of staff to the president-elect, will have a voice in choosing financial regulators.128
Funds that touted access to Ant’s blockbuster share sale will let investors cash out early, following a social-media outcry after the financial-technology giant’s listing was abruptly halted by Chinese regulators.
Eastman Kodak said five former executives were able to collect millions of dollars by selling stock options they didn’t own, an admission set to add to scrutiny the company faces over the circumstances surrounding a halted U.S. loan.
The world’s largest and most unpredictable technology investor was coached out of the crisis by hedge fund Elliott Management, a major shareholder, and is sitting on a $60 billion cash pile. Now it’s Elliott’s turn to worry.5
A rebound in auto production in China and increased demand for medical gloves have sent prices for rubber soaring, making it one of the best-performing commodities in the world in recent months.
European banks say they are doing just fine during the coronavirus pandemic. But regulators and bank executives are concerned about the elephant in the room: a wave of bad loans that could overwhelm lenders when government rescue packages end.15
Heard on the Street
Heard on the Street
Heard on the Street