December 21, 2022 | Daily Business Review
Gold Holds Gain Driven by Fallout From Surprise BOJ Yield PivotGold often moves in the opposite direction to the dollar as it's priced in the U.S. currency.
By Jason Scott and Eddie Spence
1 minute read
December 21, 2022 | Daily Business Review
JPMorgan, Goldman Say 2023 Stock Recovery Won't Be EasyOne of the main consensus views among strategists is that stock markets aren't yet reflecting a generally downbeat economic outlook.
By Sagarika Jaisinghani and John Cheng
5 minute read
December 21, 2022 | Daily Business Review
Nike Shares Soar After Sales Beat, Inventory Pileup ImprovesExcess merchandise at Nike and across the apparel industry has prompted promotional activity that has eroded profitability.
By Kim Bhasin
3 minute read
December 21, 2022 | Daily Business Review
Just 1% of Bond Investors Avoided Mistakes That Punished RivalsOf the 198 bond funds in the U.S. that actively manage at least $1 billion, only two — the T. Rowe Price Dynamic Global Bond Fund and the JPMorgan Strategic Income Opportunities Fund — have managed to record a gain this year.
By Michael MacKenzie and Ye Xie
5 minute read
December 21, 2022 | Daily Business Review
Musk Says Cost-Cutting Averted $3 Billion Twitter ShortfallTwitter has always had a hard time converting conversation among its users into revenue, but with all his antics, Elon Musk has managed to make the company as buzzy as it's ever been.
By Ed Ludlow
3 minute read
December 21, 2022 | Daily Business Review
ESG Fund Downgrades Spark EU Investor Group ComplaintSome of the world's biggest asset managers spent the past several weeks removing the European Union's top environmental, social and governance investing designation from funds in response to stricter guidance from the EU Commission.
By Frances Schwartzkopff
4 minute read
December 21, 2022 | Daily Business Review
FedEx Tops Estimates as Higher Prices Offset Shipment DeclinesFedEx's CEO said the company is making "rapid progress on our ongoing transformation while navigating a weaker demand environment."
By Thomas Black
3 minute read
December 21, 2022 | Daily Business Review
Stocks Hold Gains on Earnings, Consumer ConfidenceFresh U.S. data indicated that the Federal Reserve's persistent rate hikes are serving their purpose, but a recession may still be at bay.
By Vildana Hajric
2 minute read
December 20, 2022 | Daily Business Review
Bank of Japan Yield Pivot Rips Across Global Stocks, BondsMany economists now expect the Bank of Japan to raise interest rates next year, joining the Federal Reserve, the European Central Bank and others after a decade of extraordinary stimulus.
By Sujata Rao
3 minute read
December 20, 2022 | Daily Business Review
Oil Fluctuates Amid Low Trading Volume and Weaker DollarChina's efforts to revive its economy by removing harsh COVID-19 curbs is spurring hopes of higher consumption in the long term.
By Julia Fanzeres and Alex Longley
2 minute read
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