Railroads Strike a $25 Billion Merger
Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
As Blackstone Barrels Toward Trillion-Dollar Asset Goal, Growth Is In, Value Out
Jonathan Gray, Blackstone Group's day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.
The New Stock Influencers Have Huge—and Devoted—Followings
https://www.wsj.com/articles/the-new-stock-influencers-have-hugeand-devotedfollowings-11616319001
Short-Term Rates Might Be Better Long-Term Guide on Banks— Leverage
Falling short-term yields could prove more relevant than rising 10-year Treasury yields when it comes to thinking about banks and the Federal Reserve.
Intuit Needs Good Karma
The tax-deadline extension shouldn't hurt full-year revenue, but expectations are still high for an expansion of opportunities.
Buying a Home in the Pandemic? Family Members Team Up on Bids
With real-estate prices rising and concerns about Covid-19 lingering, more buyers are moving in with their parents and siblings.
Treasury Yields Remain Volatile After Fed Kills Capital Relief
U.S. government-bond yields rose sharply after the Fed said it wouldn't extend a temporary rule that encouraged banks to hold Treasurys, but then yields retreated as investors debated how significant the hit would be to debt markets.
NFL Stops the Clock on Streaming Consolidation
New distribution deals should help establish streaming entrants like Paramount+ and Peacock.
Visa Faces Antitrust Investigation Over Debit-Card Practices
The Justice Department's antitrust division is asking whether Visa, the largest U.S. card network, has limited merchants' ability to route debit-card transactions over card networks that are often less expensive.
JPMorgan to Buy $410 Million Stake in Chinese Bank's Wealth Business
The U.S. bank's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.
Sorry, Honey, It's Not You, It's Travel
In a recent survey from trivago, consumers say they will give up just about anything—even sex—to travel right now.
Inflation Might Hold Back Dollar's Rebound
As interest rates have shot upward, the U.S. dollar's continued weakness is something of a puzzle. Fear of rising inflation is partly to blame.
FedEx, Nike, Boeing: What to Watch When the Stock Market Opens Today
Technology stocks were poised to lead gains.
Stocks End Week With Modest Declines
The Dow industrials fell 0.7% Friday, while the benchmark yield on U.S. government bonds slipped. The three major U.S. stock indexes lost ground on the week.
