Uncategorized

Google, Adobe and Hewlett Packard joined the Clean Air Task Force and the Environmental Defense Fund to urge the Biden administration to push the federal government to buy 100% clean electricity, available 24/7 and locally sourced. The president included the pledge in Wednesday’s infrastructure announcement.

Large losses banks potentially face from Archegos Capital Management’s implosion may be one more sign of the fervor playing out in markets marked by excess, according to Ben Inker, head of asset allocation at GMO.

In like a lamb, out like a lion. That’s how the trading action appeared to shape up for the Dow Jones Industrial Average in March, which produced its widest monthly outperformance against the Nasdaq Composite in nearly a decade.

Cathie Wood’s flagship Ark Innovation fund has had a rough March after a scintillating stretch for the once-highflying exchange-traded fund, but there may be more gut-wrenching volatility in store for ETF, according to at least one analyst, who cautions investors to be wary.

Micron Technology Inc. and Western Digital Corp. are each exploring a potential deal for Kioxia Holdings Corp. that could value the Japanese semiconductor company at around $30 billion, according to people familiar with the matter, as a global scramble for memory chips used in smartphones and other devices heats up.

Coursera Inc.’s stock bolted out of the gate Wednesday on its first day of trading with shares of the online-education company rallying more than 36%.

Johnson & Johnson Inc. on Wednesday acknowledged a batch of its COVID-19 vaccine produced by one of its manufacturing partners “did not meet quality standards,” and said it will provide more experts to oversee production.

BlackBerry Ltd. revenue failed to live up to expectations Tuesday, whether adjusted or not, and shares fell in the extended session.

Technology companies Google, Adobe and Hewlett Packard joined environmental groups including the Clean Air Task Force and the Environmental Defense Fund to urge the Biden administration to use its role to force the federal government to buy 100% clean electricity, available 24/7 and locally sourced.

Greater adoption of crypto assets by payments companies recently may be helping to support a surge in bitcoin prices toward an all-time high.

A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030.

Tuesday’s top personal finance stories

Lululemon Athletica Inc.’s direct-to-consumer sales nearly doubles in the quarter, making up half of total sales as the retailer tops Wall Street expectations for the quarter and says it is in the “early innings” of its growth.

President Joe Biden’s big speech on infrastructure is slated to come on Wednesday as he visits Pittsburgh. Analysts have been thinking about his push for spending $3 trillion or more on roads, clean energy, broadband and much more — including how to make money from it.

Asian Americans have been bumped during the pandemic from their historical perch of having the lowest jobless rate of any major ethnic group, but experts say it’s unclear why.