Category: Companies

The toughest roads to navigate in an electric vehicle may be the forking paths of the tax code. EV buyers can get up to $7,500 in tax savings right at the dealership, under changes to the law that went into effect Jan. 1. By contrast those who drove an EV off the lot last year […]

Even the deepest pockets have their limits.  Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence. […]

BlackRock has agreed to buy private-equity firm Global Infrastructure Partners for roughly $12.5 billion in cash and stock, a significant push into private-market investments for the world’s largest asset manager. New York-based GIP owns and operates energy, transportation, and water and waste companies, including a stake in London’s Gatwick Airport. The acquisition would be BlackRock’s […]

The fierce competition for new bitcoin fund assets means that trading the cryptocurrency just got a lot cheaper. Ten nearly identical bitcoin exchange-traded funds began trading Thursday, and the first days and weeks will be crucial in determining the ultimate winners and losers. Coveted institutional investors will favor funds with the most assets and volumes […]

The Nikkei Stock Average appears headed for a fourth straight day of near 34-year highs, underpinned by expectations for the Bank of Japan to maintain its super-loose accommodative monetary policy stance and a weaker yen. Japan’s benchmark index was recently 1.2% higher at 35474.57, on track to reach the highest closing level since February 1990, […]

Jan. 11, 2024 11:00 pm ET If you’re finding it hard to remember the pandemic, you’re in good company: Investors have already consigned the Covid chaos to history. Someone who put $1,000 in the S&P 500 in December 2019—when the first infections occurred in Wuhan, China—and reinvested dividends would have made 6.8% annualized after inflation […]

Stocks staged an afternoon rally to erase most of their earlier declines Thursday after new data suggested inflation might not be cooling quite as quickly as some investors hoped. The S&P 500 fell roughly 0.1%, after ending Wednesday just 0.3% below its record closing high set just over two years ago. The Dow Jones Industrial […]

BlackRock’s new bitcoin fund is on pace to be among the most actively traded exchange-traded funds ever on launch day. More than $761 million of shares in the iShares Bitcoin Trust changed hands as of midday Thursday, according to Bloomberg data. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Jan. 11, 2024 12:19 pm ET Novartis has backed away from its pursuit of Cytokinetics, putting a damper on the prospects of a deal for the promising heart-drug developer.  The Swiss drug giant had been closing in on a purchase of South San Francisco-based Cytokinetics, with an agreement expected as soon as this week, The […]

Jan. 11, 2024 12:04 pm ET Chesapeake Energy’s merger with Southwestern Energy would create the largest natural-gas-focused producer in the U.S. It also creates an investment story that is so compelling that it comes with risks of its own. While merger-mania has swept up the energy sector since last year, natural-gas-focused producers have been relatively […]