Hector Saravia, Sergio Saravia’s brother, at La Belle Farm in Sullivan County, NY Photo: Lynn Munroe Marcus Henley and Sergio Saravia do not live in New York City, but local lawmakers can put them out of business. If the city’s ban on the sale of foie gras takes effect on Nov. 25, Messrs. Henley and … Read more
A branch of Rakuten Mobile in Tokyo, December 14, 2017. Photo: kim kyung-hoon / Reuters Tokyo Most Americans think of Japan as a world-class manufacturer of automobiles and consumer electronics. But Japan is also a tech-service superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the United … Read more
A branch of Rakuten Mobile in Tokyo, December 14, 2017. Photo: kim kyung-hoon / Reuters Tokyo Most Americans think of Japan as a world-class manufacturer of automobiles and consumer electronics. But Japan is also a tech-service superpower that encourages online commerce, embraces artificial intelligence, exports innovative video games, and works in partnership with the United … Read more
There are cramped neighborhoods in Wall Street’s bear swallows these days. Goldman Sachs has just downgraded its 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%) as senior chairman Lloyd Blankfein warned of “very, very high” risks for an American recession. “If I ran a big business, I would be … Read more
Photo: Sarah Silbiger / Getty Images One media narrative congealing after this week’s Supreme Court leak is that President Trump’s nominees lied to Congress by claiming they would not overturn the abortion precedent of Roe v. Wade. So allow us to check the tape — and explain why respecting past decisions does not bind the … Read more
Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more
We’re a day away from what could be the first half-point hike from the Federal Reserve in 22 years. Kicking a busy central bank week was the first rate increase since 2010 from Down Under. So where next for stocks? In our call of the dayRBC Capital Markets equity analysts Lori Calvasina and Sara Mahaffy … Read more
Investors are trying to regroup following the worst month since the pandemic, and Friday’s session that ended with the Dow tanking nearly 1,000 points and the S&P 500 pushing back into correction territory. All eyes are on this week’s monumental Fed meeting, where a 50 basis-point rate hike is on the cards – some say … Read more
Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more
A rough month for stocks is drawing to a close, and many investors likely will not be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the bar on a mixed season for tech earnings. Our call of the day … Read more