• 9
    0

    More U.S. companies are drawing investors’ attention to earnings figures that strip away the negative impact of foreign-currency rates as the strong dollar continues to pinch quarterly results. Reporting results on a constant-currency basis can be beneficial to global companies whose results have been hit by swings in foreign-exchange rates. Such figures show what a company’s ...
  • 18
    0

    Text size UBS analyst Lloyd Walmsley downgraded Lyft stock to Neutral from Buy. Justin Sullivan/Getty Images Shares of Lyft were falling Monday after an analyst at UBS noted headwinds ahead for the ride-share company and said rival Uber Technologies “has a lion’s share of the market.” Ride-share companies like Lyft (ticker: LYFT) and Uber (UBER) ...
  • 15
    0

    Jens Nordvig grew up in Denmark when the country was facing bankruptcy. In the fifth grade, he started researching how a nation could find itself in such a precarious financial position, eventually giving his classmates a presentation on government and external debt. Nordvig eventually became an economist, and later, co-head of global currency research at ...
  • 18
    0

    Text size The Federal Reserve building in Washington. Graeme Sloan/Bloomberg Interest rates have further to rise amid persistent inflation, while the labor market remains too strong for its own good. So says Charles Lieberman, former chief economist for one of the major New York banks that eventually was swallowed up by JPMorgan Chase. Of even ...
  • 18
    0

    Text size FedEx will be closing FedEx Office locations to save money. Mario Tama/Getty Images Wall Street is piling on as FedEx stock plunges. Contrarian investors might want to snap up shares on the cheap but it looks a little early for that. Downgrades abound after FedEx (ticker: FDX) shocked investors, reporting weaker than expected ...
  • 18
    0

    Cheniere Energy Inc.’s finance chief is working toward landing an investment-grade credit rating in the coming year, as the largest U.S. exporter of liquefied natural gas pays down debt and benefits from the run-up in energy prices. Houston-based Cheniere this year amplified its capacity with a new production line completed ahead of schedule, while also ...
  • 20
    0

    Text size Michael Pettis, professor of finance at Peking University in Beijing. Billy H.C. Kwok/Bloomberg Everyone knows there is a currency crisis across many large economies, due largely to a muscular U.S. dollar, but few realize the squeeze placed on Chinese policy makers. Even within a government that directly controls its currency—unlike most developed market ...
  • 34
    0

    Text size The U.S. Dollar Index has climbed 11% so far this year. Mark Wilson/Getty Images Currency markets were having a quiet little week until Friday’s jobs report came along. U.S. July payroll numbers absolutely crushed expectations, pushing the dollar higher against almost every other currency. The U.S. Dollar Index (DXY), which measures the strength ...
  • 42
    0

    Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images The stock market dropped Tuesday as markets monitored House Speaker Nancy Pelosi’s trip to Taiwan and hawkish comments from a Federal Reserve official. The Dow Jones Industrial Average closed down 402 points, or 1.2%, while the S&P 500 dropped ...
  • 39
    0

    Text size UBS analyst Arpiné Kocharyan lowered her price target for Weber shares to $4 from $8. Jeff Schear/Getty Images for TownePlace Suites Weber shares were falling Monday after an analyst from UBS lowered her estimates for the grill maker, citing lessening demand and higher costs. Arpiné Kocharyan downgraded her rating of Weber (ticker: WEBR) ...