Russia’s last default sparked a crisis. This time is different
But to put the event in context, we don't need to go as far back as 1918. Instead, we can...
investing
Pension Funds Plunge Into Riskier Bets—Just as Markets Are Struggling
U.S. public pension funds don’t have nearly enough money to pay for all their obligations to future retirees. A growing...
Spirit-Frontier Deal Backed by ISS
Listen to article(1 minute)Proxy advisory firm Institutional Shareholder Services Inc. recommended Spirit Airlines investors vote for a proposed merger with...
Latam Airlines Cleared to Depart Chapter 11 Under Creditors’ Control
A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh...
Cosmetics Maker Revlon Files For Chapter 11
Revlon Inc. filed for bankruptcy, potentially ending a decadeslong bet on the beauty products company by Ronald Perelman, its billionaire...
WSJ News Exclusive | Marc Lore’s Food-Delivery Startup Wonder Is Valued at $3.5 Billion After Capital Raise
Wonder Group, a food-delivery startup led by Jet.com founder Marc Lore, has raised hundreds of millions of dollars to expand...
Prologis to Buy Duke Realty in $26 Billion Deal, Including Debt
Prologis will gain properties for its portfolio in key areas with the transaction, including Southern California, New Jersey, South Florida,...
Chicken Company Foster Farms Sold to Private Equity Firm
Foster Farms, a West Coast-based chicken company with $3 billion in annual revenue, has agreed to a takeover by private-equity...
WSJ News Exclusive | Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner
Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly...
Dear Gen Z: Here’s how to survive your first bear market
Some Millennials and Gen Z-ers found themselves jobless and bored during peak Covid, yet flush with sudden access to cash...
Adam Neumann’s ‘Goddess Nature Token’ Is the Future of Crypto—for Better or Worse
To understand the current state of Web3—that future version of the internet that proponents promise will be decentralized and better—it...
Unilever to Add Activist Investor Nelson Peltz to Board
Unilever UL 9.94% PLC said it would add Nelson Peltz to its board and disclosed his fund now holds a...
Silicon Valley Investors Give Startups Survival Advice for Downturn
After years of funneling cash into startups’ grand ambitions, Silicon Valley investors are engaging in the grim ritual of delivering...
UK hits oil and gas companies with $6 billion windfall tax
Finance Minister Rishi Sunak unveiled the new 25% tax on the profits of energy producers such as BP (BP) and...
Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal
Trian Fund Management LP, Wendy’s Co. WEN -2.34% ’s largest shareholder, said it is exploring an acquisition or another potential...
Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm
Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining...
The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day’
The last time Todd Jones heard this kind of panic in his clients’ voices, it was 2008 and the global...
Melvin Capital to Close Funds, Return Cash to Investors
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a...
For Tech Startups, the Party Is Over
A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run.Highflying startups...
Why this obscure corner of the crypto world has investors in a panic
This week, one popular so-called algo coin cratered, wiping out billions of dollars' worth of value in just a few...
