Stock Market

Consolidation May Be Coming to a Screen Near You | Sidnaz Blog

June 18, 2021

Far from killing the movie-exhibition industry, the pandemic may end up helping the big theater chains get even bigger. Flush with money from sales of its soaring meme stock, AMC AMC 2.25% Entertainment has clearly indicated it is shopping around. When the company landed a deal on June 1 to sell about $231 million worth […]

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HSBC to Take $3 Billion in Losses on Sale of Troubled French Bank | Sidnaz Blog

June 18, 2021

A HSBC bank branch near Paris. Photo: gonzalo fuentes/Reuters June 18, 2021 10:41 am ET HSBC Holdings PLC HSBC -2.88% expects to take $3 billion in losses as part of an agreement to sell its unprofitable French retail bank, in a sign of the souring fortunes of European banking. London-based HSBC, one of the world’s […]

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PE-Backed Hospital Chain Got Help From Major Landlord as Losses | Sidnaz Blog

June 18, 2021

Medical Properties Trust Inc. MPW -1.44% is a little-known real-estate investor that helps private-equity firms cash in on their hospital investments. Recent financial documents provide fresh details on the close relationship and deal-making between the firm and its biggest tenant. The documents show Medical Properties Trust’s exposure to Dallas-based Steward Health Care, a hospital chain […]

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Adobe, Smith & Wesson, BlackBerry, Orphazyme: What to Watch When | Sidnaz Blog

June 18, 2021

Updated June 18, 2021 8:16 am ET U.S. stock futures ticked lower, putting the Dow on track for its worst weekly performance since the end of January. Here’s what we’re watching ahead of Friday’s trading action. Futures tied to the Dow Jones Industrial Average slipped 0.4% The index of blue-chip stocks had dropped 1.9% this week through […]

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Peloton Analyst Trades Endorphins for Anxiety | Sidnaz Blog

June 18, 2021

Shares of Peloton Interactive are down 28% so far this year versus a 12% gain for the S&P 500. Photo: Michael Loccisano/Getty Images They say all things come to those who wait, but Peloton Interactive’s PTON 3.56% investors aren’t a patient bunch. Shares of Peloton are down 28% so far this year versus a 12% […]

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U.S. Stock Futures Waver, Dollar Edges Up | Sidnaz Blog

June 18, 2021

June 18, 2021 3:54 am ET U.S. stock futures wobbled between small gains and losses at the end of a bumpy week marked by the Federal Reserve taking a step toward tighter policy down the road. Futures on the S&P 500 and the Dow Jones Industrial Average were flat. Changes in equity futures don’t necessarily […]

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SEC Investigating Former Chair of Auditing Industry Regulator | Sidnaz Blog

June 17, 2021

The Securities and Exchange Commission is investigating whether the recently dismissed chairman of the auditing industry’s oversight board violated any rules in his handling of internal complaints at the regulator, according to people familiar with the matter. The SEC’s enforcement investigation is examining the actions of William Duhnke, who was dismissed from his job as […]

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JPMorgan Buys Nutmeg to Bolster Digital Banking Push in U.K. | Sidnaz Blog

June 17, 2021

JPMorgan Chase is entering a crowded digital banking marketplace in the U.K. Photo: johannes eisele/Agence France-Presse/Getty Images JPMorgan Chase JPM 0.61% & Co. agreed to buy digital wealth manager Nutmeg Saving and Investment Ltd., part of a push to establish a retail banking presence in the U.K. Nutmeg, founded in 2012, has more than 140,000 […]

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Market-Beating China Fund Manager Favors Scooters and Spicy Sauce | Sidnaz Blog

June 17, 2021

HONG KONG—Michelle Leung is used to standing out, as a China-focused stock picker who doesn’t follow the crowd and as a top female professional in the male-dominated fund-management industry. She is the founder of Xingtai Capital Management Ltd., a firm with offices in Hong Kong and Shanghai that oversees around $600 million in assets and […]

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U.S. Government Bond Yields Slip Ahead of Fed Decision | Sidnaz Blog

June 16, 2021

The Federal Reserve’s policy meeting could feature discussion on when and how to scale back bond purchases. Photo: olivier douliery/Agence France-Presse/Getty Images By Sebastian Pellejero Close Sebastian Pellejero June 16, 2021 12:41 pm ET U.S. government bond yields edged lower Wednesday, with investors awaiting details from the Federal Reserve’s policy meeting. The yield on the […]

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