Unemployed Supertankers Are About to Get Junked on Asia’s Beaches

Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude…

Apple, Boeing, Caterpillar, Microsoft and More Major Dow Earnings Coming This Week

Roughly a third of the Dow Jones industrial average components are scheduled to report their latest…

Mideast Stocks Climb, Track Global Peers and Oil Gain: Inside EM

The Middle East’s benchmark equity indexes all advanced on Sunday, tracking a global stock rally on…

A portfolio manager who has invested in SPACs since 2007 recounts their evolution from 'financial backwater' then to 'feeding frenzy' today — and shares how to identify attractive ones, including 3 on his radar

Evan Ratner is a portfolio manager specializing in SPAC investing at Easterly Alternatives. He started investing…

Companies distance themselves from Trump

New York (CNN Business)Walmart CEO Doug McMillon lamented Tuesday that the baseless claims of a stolen…

Rupee rises 13 paise to 73.15 against U.S. dollar in early trade

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.10%…

Private Equity Firms Seize on IPO Boom With Consumer Assets

Private equity firms are refusing to be left out of the initial public offering boom. With…

Scaramucci: Bitcoin is due for a correction

New York (CNN Business)Bitcoin prices have doubled in less than a month to more than $40,000.…

PGA cancels plans to play 2022 championship at Trump golf course

London (CNN Business)Corporate America has long had a complex relationship with President Donald Trump. Many executives…

Nancy Davis Has $1 Billion After Ditching Hedge Fund for ETF

Nancy Davis of Quadratic Capital Management LLC offered a glimpse of the future when she pivoted…

She brought AMD back from the brink of bankruptcy

New York (CNN Business)Intel has named Pat Gelsinger as its new chief executive officer, replacing Bob…

Warning Signs Flash as Emerging Markets Rally to Records

Emerging-market stocks have set a new swath of record highs this week, driven by optimism over…