Wall Street's "fear gauge" is in a bubble, according to analysts at J.P. Morgan.
A record half-billion dollar redemption from Ark Invest's flagship fund in a single day has led analysts to highlight the risks arising from the ETF's heavy exposure to illiquid stocks if outflows pick up pace.
A U.S. inspector general's office report set to be released on Thursday faulted "weaknesses" in the Federal Aviation Administration's (FAA) certification of the Boeing 737 MAX that was grounded for 20 months after two crashes killed 346 people.
The acting chief of the Securities and Exchanges Commission said on Wednesday the agency will "enhance" its focus on climate-releated disclosure in public company filings.
The head of Germany's accounting watchdog, under fire for failing to spot wrongdoing ahead of the collapse of the payments company Wirecard, is stepping down.
Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said the recent short squeeze in shares of GameStop Corp reflects what could occur when investors gamble on stocks as they would on horse races.
Global business jet deliveries declined 20.4per cent to 644 aircraft in 2020 as the COVID-19 pandemic weighed on production earlier in the year, the General Aviation Manufacturers Association (GAMA) said on Wednesday.
Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said the recent short squeeze in shares of GameStop Corp reflects what could occur when investors gamble on stocks as they would on horse races.
Milan prosecutors said on Wednesday they had ordered four major food delivery companies to officially hire more than 60,000 workers and pay a total of 733 million euros (US$889 million) in fines after an investigation showed their working conditions were inadequate.
U.S. retail sales could rise as much as 8.2per cent to more than US$4.33 trillion this year as more people get the COVID-19 vaccine and the economy reopens, the National Retail Federation (NRF) said on Wednesday.
