September 9, 2024

Business

  • WSJ Business
  • WSJ Markets
Verizon Strikes Deal to Acquire Frontier Communications
Verizon has agreed to acquire Frontier Communications in a $9.6 billion all-cash deal that would bolster the company’s fiber network to compete with rivals including AT&T.
Europe to Ramp Up Lithium Mining to Cut China's Market Grip
A fleet of new lithium mines are set to open across Europe in the next few years as the European Union pushes to increase supply of the metal deemed vital for the energy transition in a bid to combat China’s grip on the market.
Verizon to Acquire Frontier Communications in $20 Billion Deal
The agreement is set to significantly expand the cellphone carrier’s fiber footprint across the U.S.
NIO's Second-Quarter Net Loss Narrowed on Sales Boost
The Chinese EV maker’s net loss narrowed in the second quarter, thanks to robust sales that it expects to continue in the current quarter.
Leaked Disney Data Reveals Financial and Strategy Secrets
A data trove from Disney that hackers leaked earlier this summer includes details about streaming revenue, park pricing and some staff and customers of Disney cruises.
As Crackdown Deepens in Venezuela, Chevron Says Keep the Oil Flowing
Behind the scenes, Chevron’s message to the White House is that the oil giant needs to stay in Venezuela, even if Nicolás Maduro remains.
AB Foods Says Bad Weather Hit Primark Sales; Warns on Sugar Profits
Associated British Foods said same-store sales at its retail unit Primark are likely to fall in the final quarter, and warned that profits at its sugar business would miss market expectations for the year due to lower prices in Europe.
Volvo Trims Profit Outlook
Carmaker Volvo cut its earnings expectations for 2025, citing complex market conditions and uncertainty around worldwide trade wars.
Harmony Gold Mining Profits Boosted by Higher Gold Prices
Harmony Gold Mining reported a higher net profit and strong revenue growth for the fiscal year, reflecting the company’s ability to capitalize on higher gold prices.
CVC Confident After Key Metric Beat
CVC Capital Partners reported better-than-expected management fee earnings for the first half of the year and said it was confident on its outlook.
September Is Once Again a Tough Month for Stocks
The S&P 500 fell 4.2% last week on concerns about the health of the U.S. economy. Going back to 1928, September has been stocks’ weakest month of the year.
Crypto Plan Creates Potential Conflicts for Trump
The former president’s digital-currency efforts bring his campaign closer to an industry that is spending to limit regulations.
Why Am I Overspending? Blame It on Politics
Election fatigue has me and my friends so anxious that we find solace in buying more stuff than we should.
Look Before Leaping Into the World's Hottest Stock Market
Indian stocks are on fire. Investors who want to partake will need to keep a cool head as a trading frenzy and rising valuations have the potential to spoil the party.
The State of America's Wallet
How the cards, cash, debts and assets that we carry stack up.
Are You Ready to Bet on U.S. Elections? A Judge's Ruling Opens the Door
Prediction-market startup Kalshi prevails in its bid to list political contracts, beating the CFTC.
Stock Funds Up 14.2% for Year After Snapback August
The market pulled out a win for the month despite a rough patch. Also: A flashback to the 10th anniversary of the blockbuster Alibaba IPO.
The King of Risky Hometown Bonds Is Back
Former Nuveen executive John Miller begins a second act at First Eagle.
Jobs Slowdown Frustrates Investors Who Wanted Certainty on the Fed
Revisions and other distortions mean monetary policy outlook remains hazier than Wall Street would have liked.
China's Forex Reserves Rose in August as U.S. Dollar Weakened
China’s foreign-exchange reserves rose last month, boosted by a valuation gain from a weaker U.S. dollar amid prospects for rate cuts by the U.S. Federal Reserve.

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