Defaults Fall Again, Aiding Rally in Low-Rated Debt
Defaults for an index of speculative-grade loans to U.S. companies over the past year fell to 3.15% as of March, the lowest level since last April.
Coinbase's Lofty Valuation Might Erode as Crypto Markets Mature
Cryptocurrency giant Coinbase Global's stock-market debut on Wednesday is expected to be a blockbuster, though doubts persist about a lofty valuation for the digital currency exchange.
SEC Review Highlights Potentially Misleading ESG Practices Among Funds
The regulator said it has found some investment firms that tout socially responsible investing were potentially misleading investors, part of its enhanced review of funds that claim to support environmentally friendly policies but don't adhere to them.
President's Budget Request Includes Funds for Corporate Ownership Registry
Closing loopholes that undermine corporate accountability was one of several priorities for the Treasury Department outlined in President Biden's budget request.
Mega Stocks Take Back Control of Market Rally
For the past month, the "reflation trade" bet that a pumped-up economy would benefit riskiest assets the most has gone almost perfectly into reverse.
Dollar Hits Rough Patch After Strong Start to 2021
The dollar has slipped this month as the Federal Reserve stuck to its message that it won't raise interest rates soon despite forecasts that the U.S. economy will recover faster than its peers.
Fed's Clarida Says Economic Reopening Could Bring Supply-Demand Imbalances
Resurgent demand as the economy reopens could coincide with supply issues, the central bank's vice chairman said.
Wall Street Finds New Way To Finance Unprofitable Tech Firms
Investors seeking high yields are funneling money to fast-growing-but money-losing-software companies through a new type of debt deal.
Fertility, Daycare Stocks Trail as Covid-19 Derails Family Planning
Shares of Bright Horizons and Progyny have underperformed as the pandemic and economic downturn have shifted routines and led to a baby bust.
Mercury Capital Denies Co-Founder's Bias Claims
Placement agent Mercury Capital Advisors denied allegations of discriminatory employment practices, saying the former executive who made the claims voluntarily resigned after a poor performance review.
(END) Dow Jones Newswires
04-12-21 0015ET