Key News Asian equities were off on light volumes except for Hong Kong. India was closed for Ganesh Chaturthi, a Hindu festival commemorating the birth of the god Ganesha. Investors are sitting on their hands in advance of central bank meetings. Meanwhile, we continue to see incrementally positive US-China diplomatic…

I wrote recently that people who buy life insurance are effectively loaning money to insurance companies at around a 2.5% interest rate, which is a great deal for the companies and a lousy investment for the policyholders. Here’s something even worse: qualified longevity annuity contracts (QLACs), which are sold by…

U.S.-listed shares of Nio Inc. were falling more than 5% in after-hours action Monday after the Chinese electric-vehicle company announced a convertible-bond offering. The company is proposing a $1 billion offering, with half the bonds due in 2029 and the other half due in 2030. Nio NIO, -1.15% intends to…

The grocery-delivery app Instacart on Monday priced its IPO at $30 a share, at the upper end of its expected range, raising $660 million with a fully-diluted valuation of around $10 billion after backing away from a stock-market debut last year. The company said it plans to begin trading on…

“ Organizations bear the responsibility to foster an environment of transparency for their whistleblower programs to succeed. ” In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements…

Southeast Asia’s largest telecom operator Singapore Telecommunications has agreed to sell a 20% stake in its regional data center business to U.S. private equity giant KKR for S$1.1 billion ($807 million). The deal puts the enterprise value of the Singtel unit at S$5.5 billion, according to a joint statement on…

The period from the 19th to the 23rd has been one of the most bearish seasonal periods in any year, down over 80% of the time. In addition, the dynamic monthly cycle is falling. There is a projected turning point on the 22nd, likely a low. The 108.9 level is…

Gold posted a gain on Thursday, a day after settling at its lowest price in three weeks, but strength in the U.S. dollar in the wake of an interest-rate hike and statement from the European Central Bank helped to limit the metal’s rise. Investors also looked to some fresh U.S.…

Street Earnings, as reflected in Zacks Earnings, are marketed as being adjusted to remove unusual income and charges. My Core Earnings show Street Earnings fail to account for a material amount of unusual income and charges, which distorts investors’ view of profitability across the S&P 500. This report shows: the…

The U.S. crude-oil benchmark settled above $90 a barrel on Thursday for the first time since November, lifted by ongoing concerns over the outlook for tight global supplies.Price action West Texas Intermediate crude CL00, +0.64% for October delivery CL.1, +1.04% CLV23, +1.04% rose $1.64, or nearly 1.9%, to settle at…