C&E Exclusion Filter
‘Fantastic Beasts: The Secrets of Dumbledore’ Review: Mangy Malaise
It doesn’t bode well for any film, let alone “Fantastic Beasts: The Secrets of Dumbledore,” a fantasy adventure that cost at least $200 million to produce, when its opening salvo—the scene that’s supposed to grab you, pull you in and prepare you for further delights—finds two grim-faced gents at a restaurant table staring at a …
Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why.
Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla (ticker: TSLA) ramps up production at new plants, but there are other …
‘Healing’ Review: More Help for Mental Health, Please
It may be surprising to learn that serious mental illness—such as schizophrenia, bipolar disease and severe depression—afflicts about one in 20 Americans. Some of us have encountered these conditions in the experience of family members. Others see it routinely on display on city streets. By now, as Thomas Insel notes in “Healing: Our Path From …
Bitcoin Tumbles Below $40,000 After China Issues Crypto Warning
Text size A physical imitation of the Bitcoin cryptocurrency. AFP via Getty Images The price of Bitcoin dropped below $40,000 for the first time in months and other cryptocurrencies also dropped after the People’s Bank of China apparently warned against using digital coins as payment. Bitcoin dropped nearly 7% to $40,275 early Wednesday morning, bouncing off …
Credit Suisse, Johnson & Johnson, Micron Technology: Stocks That Defined the Week
Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …
Fuel-Cell Technology Lets Platinum Miners Shine Again
JOHANNESBURG—South African platinum miners are raking in record amounts of cash and reinvesting in their mines in a bet that vehicles powered by hydrogen fuel cells will help lift demand. After years of low prices, profits at local miners of platinum group metals, which include palladium and rhodium among others, have soared, even though lockdowns …
Treasury Yields Extend Surge – WSJ
Selling in U.S. government bonds accelerated on Thursday, sending yields soaring again as uncertainty over the pace of economic expansion continued to unsettle financial markets. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, jumped above 1.7% for the first time since the pandemic in early trading Thursday. Declines spread …
Tech Futures Slip Ahead of Fed Meeting
Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …
Chinese Technology Stocks Have Fallen Harder Than U.S. Peers
An index of the largest technology stocks listed in Hong Kong has dropped 26% in less than three weeks, reflecting how a sudden turn in the market has snowballed into significant losses for investors who piled into popular stocks earlier this year. The Hang Seng Tech Index—which tracks 30 companies including Chinese internet giants Tencent …
Elon Musk Says Bill Gates has a $500 million short position in Tesla
Tesla CEO Elon Musk is irked at Bill Gates. He doesn’t see how Gates, a leading proponent of sustainable energy, could possibly sell Tesla’s stock short. And Musk says Gates is doing just that. In a tweet on Friday night. Musk said he believes Gates has sold short $500 million shares of Tesla (ticker: TSLA), …