Category: Stocks and Bonds

Meta Soars by Most in Decade, Adding $100 Billion in Value

Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Wall Street Likes Meta’s Plans to Cut Costs

Meta’s chief executive, Mark Zuckerberg, called 2023 the “year of efficiency,” a pronouncement that is reassuring investors and sparking a wider rally in tech stocks.
Adani, Embattled Indian Company, Scraps $2.5 Billion Share Sale

The cancellation of the offering is a blow to the company and its billionaire owner, Gautam Adani.
Stock Market’s Newfound Optimism Faces Test as Fed Meets

Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
Oil Giants, After Surge in Profits, Are Wary About Spending

Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
U.S. Courts India as Technology Partner to Counter China

American and Indian officials are working toward new partnerships in defense technology, advanced telecom and semiconductors.
GM Posts Solid Profit as It Pushes to Take On Tesla in EVs

Aiming to make a million electric vehicles a year by 2025, General Motors is investing in a Nevada lithium mine to help with battery production.
Embattled Indian Business Empire Raises $2.5 Billion in Tricky Share Offering

Gautam Adani’s conglomerate managed to raise fresh funds despite market turmoil looming over the move.
Why Stripe Is Raising Money at a Lower Valuation

Stripe’s plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for initial public offerings stays shut.
The Last Boeing 747 Leaves the Factory

The plane known as “Queen of the Skies” helped make air travel more affordable, but it has been supplanted by smaller, more efficient aircraft.
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
The Week in Business: Creeping Layoffs

Data shows that the U.S. economy has been largely resilient. The Fed may slow its rate increases. And the jobs report is expected to show solid gains.