Stock Funds Rose 21% in 2023

[ad_1] A fourth-quarter rally rescued stock funds, though they still suffered net withdrawals for the year. Bond funds pulled out a winning year, as well. [ad_2] Source link

Cognac Sets the EV Trade War Alight

[ad_1] Volkswagen and Stellantis might turn out to be bigger victims of China’s investigation into European liquor than Rémy Cointreau and Pernod Ricard. Beijing has launched an antidumping probe into…

Nation’s Biggest Hospital Landlord Suffers New Losses

[ad_1] Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent,…

Sodexo Backs Forecast After 1Q Revenue Growth

[ad_1] Sodexo posted an increase in revenue for the first quarter and said it is on track to meet its fiscal 2024 targets. The French catering and food service company…

Markets Moving in Lockstep Threaten to Make for a Trying 2024

[ad_1] Some investors hold that as goes January, so goes the year. The performance so far—with the S&P 500 down 1.7% by Thursday’s close—doesn’t hold out great hope. But the…

Core Lithium Shares Fall on Mining Suspension

[ad_1] Updated Jan. 4, 2024 8:26 pm ET SYDNEY—Core Lithium shares dropped after the company said it would temporarily suspend mining operations amid weak conditions for minerals used in batteries.…

WSJ News Exclusive | Fisker Ditches Tesla-Style Direct-Sales Model in Favor of Dealerships

[ad_1] The electric-vehicle startup Fisker is abandoning a direct-to-consumer sales model in the U.S. in favor of using traditional dealerships, after it found the approach too expensive and struggled in…

Next PLC Hikes Profit Forecasts Again After Strong Christmas Performance

[ad_1] Next PLC raised its pretax profit guidance after sales in the pre-Christmas business period were better than it expected. The fashion retailer—which is seen as a bellwether for the…

JD Sports Fashion Cuts Pretax Profit View After Revenue Growth Missed Expectations

[ad_1] JD Sports Fashion cut its forecast for fiscal 2024 headline pretax profit after revenue growth in the 22 weeks to Dec. 30 fell below expectations. The London-listed fashion retailer…