Tag: market

Fed’s Bowman Says US Labor Market Could Struggle to Return to Pre-Pandemic Levels

The obstacles making it difficult for many women to work, combined with an increase in retirements, could hinder the labor market recovery and be a drag on the U.S. economy, Federal Reserve Governor Michelle Bowman said on Tuesday. Women with young children left the labor force at a higher rate than other workers and some…


Oil Market Still Faces Uncertainties Due to COVID-19, OPEC Chief Says

MOSCOW—The oil market continues to face uncertainties stemming from the COVID-19 pandemic, OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy forum in Moscow on Thursday. “The market is taking its course in accordance with supply and demand fundamentals. But we must admit there are external factors that are influencing the…


US IPO Boom Braves Market Volatility

Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022. More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high,…


San Francisco Fed’s Daly: Too Soon to Say Job Market ‘Stalling’

The U.S. job market will continue to feel the effects of COVID-19, but it is too soon to say it is “stalling,” San Francisco Federal Reserve President Mary Daly said on Sunday. “It’s going to have these ups and downs, especially with the Delta variant,” Daly said on the CBS weekend news program “Face the…


White House Weighs Broader Oversight of Cryptocurrency Market

WASHINGTON—The White House is considering a wide ranging oversight of the cryptocurrency market to combat the growing threat of ransomware and other cyber crime, a spokeswoman said on Friday. “The NSC and NEC are coordinating across the interagency to look at ways we can ensure that cryptocurrency and other digital assets are not used to…


Wall Street Week Ahead: Energy Price Spike Adds Market Risk as Earnings Arrive

NEW YORK—U.S. stock market investors are gauging whether more volatility is ahead because of surging global energy prices, which could drive up inflation, erode profit margins, and pressure consumer spending. Stocks rebounded this week after Monday’s losses left the S&P 500 down 5.2 percent from its record high hit in September. A truce in the…


Investors Eye Big Tech as Stock Market Wobbles

NEW YORK—Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes. After Monday’s sharp drop, the S&P 500 technology sector is down 6.7 percent since the overall S&P 500 closed at a record on Sept. 2, compared…


HSBC CEO Sees Market Impact From Evergrande Debt Woes

HSBC Holdings PLC expects the debt problems involving embattled property developer China Evergrande Group to have an impact on capital markets but does not see any direct impact on the bank, its group CEO said. “I’d be naive to think that the turmoil in the market doesn’t have the potential to have second-order and third-order…


Investors Tune in as Universal Leaps on Market Debut

Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. The world’s biggest music label, which represents musicians and song catalogs from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market…


The Number One Thing That Determines the Sale Price of Your Business

In the past year, our company, Acceleration Partners, has been evaluating several potential acquisitions as part of our partnership with a private equity firm. Unfortunately, as we’ve connected with several first-time sellers in this process, it’s become clear that many founders don’t have an accurate sense of what their company is worth to a buyer….