New Legislation Expands Role of Government in Private Markets

New Legislation Expands Role of Government in Private Markets

With two bills advanced through Congress in recent weeks, the Biden administration has grown the federal government’s imprint on major sectors of the US economy—including semiconductors, energy and health—and further buried the idea once widely held in Washington that private markets should be left alone, without government involvement. The shift grew out of two decades … Read more

Monkeypox Likely Circulated for Years Before Outbreak, Scientists Say

Updated Aug. 9, 2022 1:22 pm ET For more than half a century, monkeypox was a rare infectious disease confined to one region of the world. A few months ago, that suddenly changed. Scientists are building a picture of what happened. The explosion of monkeypox around the world is a case study in how infectious … Read more

Market Rout Sends State and City Pension Funds to Worst Year Since 2009

Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data to be released Tuesday, their worst annual performance since 2009 and a fresh sign of the chronic financial stress facing governments and retirement savers. Much of the damage occurred in April, May and June, … Read more

Moderna’s Earnings Are Coming. Here’s What to Expect.

Text size Moderna is developing two Covid-19 vaccines for the fall. Joseph Prezioso/AFP via Getty Images Modern will report its earnings this week amid an unusually strong stretch for the stock. Shares are up 35% since the market closed on June 14, a period in which the S&P 500 has climbed 10.6%. Yet as of … Read more

Robinhood Lays Off 23% of Staff as Retail Investors Fade from Platform

Updated Aug. 2, 2022 6:21 pm ET List two articles (2 minutes) Robinhood Markets is slashing about 23% of its full-time staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity. The job cuts mark the second round of layoffs this year at Robinhood, which in April reduced … Read more

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery

China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global economy. Chinese manufacturing activity unexpectedly contracted in July, as Beijing’s stringent Covid-19 restrictions and weak demand undercut hopes for a more robust economic revival.

Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy

July 30, 2022 10:00 am ET List two articles (2 minutes) CVS Health Starbucks spirit Uber Technologies are among the companies headlining another busy earnings week as investors look for signs of a recession after a second quarter of contraction in the US economy. Also expected to report earnings are Uber ride-hailing rival Lyft Modern … Read more

UK Ad Market Reached GBP8.6 Bln in 1Q on Broad-Based Growth, Report Says

By Kyle Morris The UK’s advertising market grew faster than previously anticipated in the first quarter and spending for 2022 as a whole is now expected to set a new high of 35.4 billion pounds ($42.64 billion), according to the latest Advertising Association/WARC expenditure report released Thursday. AA/WARC figures show UK ad spend rose 28.3% … Read more

Coca-Cola Posts Higher Quarterly Sales Despite Price Increases

Updated July 26, 2022 10:38 pm ET List two articles (1 minute) Consumers are still filling up on soda even if they have to pay more. Coca-Cola on Tuesday reported strong second-quarter sales and raised its revenue outlook for the year as people return to theme parks, movie theaters and travel destinations despite price increases.

Evicted caravan park tenants fear homelessness as demolition of accommodation begins

Kim Berry prays that she does not end up homeless in a few months’ time. Key points: Low-income tenants of a NSW Central Coast caravan park must leave by November Many fear they will become homeless because of an affordable housing shortage Residents say it is stressful that part of the park has already become … Read more