He Said 'Buy' as Stocks Crashed

Thomas Lee of Fundstrat Global Advisors has a reputation as one of Wall Street’s most aggressive market optimists. His approach paid off after Covid-19 caused a market meltdown last year....

When SPACs Attack! A New Force Is Invading Wall Street.

“Blank check” firms known as SPACs are in pursuit of America’s hottest startups. Is the invasion a sign of a market euphoria that can’t last?...

Netflix, Procter & Gamble, Intel: Stocks That Defined the Week

Here are major companies whose stocks moved on the week’s news....

Companies Sell Stock at Record Pace to Start the Year

U.S.-listed companies have conducted 80 follow-on stock offerings this year through Friday, raising $16.35 billion. Both numbers are records for this point in the year....

Short Bets Pummel Hot Hedge Fund Melvin Capital

Founded by 42-year-old Gabe Plotkin, Melvin Capital Management is down 15% just three weeks into 2021 after a series of wrong-way bets....

Dow Drops but Notches Weekly Gain

Investors have been cheered in recent days by a solid start to earnings season, though some are concerned that high valuations in corners of the market will leave stocks vulnerable in the coming months....

Demand Worries Drag on Oil Prices

U.S. crude prices fell Friday, dragged lower by growing worries that the global pandemic will spur greater restrictions on travel and economic activity....

Morgan Stanley CEO Got a Big Raise for 2020

James Gorman was awarded $33 million, a 22% raise for a year in which the bank generated record revenue, announced two multibillion-dollar acquisitions and avoided the worst of the pandemic-induced recession....

Investors Seek Out Riskiest Junk-Rated Bonds

Investors’ rush into the lowest-rated junk debt has driven yields to record lows, reflecting Wall Street’s thirst for fixed-income returns and increasing confidence that even struggling businesses can survive the pandemic....

United Wholesale Mortgage Goes Public in Biggest SPAC Deal Ever

United Wholesale Mortgage made its public trading debut, the largest-ever listing through a special-purpose-acquisition company....