S&P 500 Treks Higher as Investors Prep for Fed Decision

U.S. stocks rose in muted trading, helping the S&P 500 secure its fourth consecutive weekly gain. 


 
Companies, Big Investors Sell Shares at Fastest Rate in Years

There have been more than $24 billion of "follow-on" share sales since the end of April, boosted by the rebound in stocks. 


 
Andreessen to Open London Office for Crypto Startups Amid Scrutiny in U.S.

The venture-capital giant cites a clearer regulatory path for U.K. crypto startups because of 'more political will' there. 


 
For Some Companies, Debt Downgrades Followed Payouts to Private-Equity Owners

A postpandemic binge in dividend payments from companies to their private-equity owners undermined credit quality for some. 


 
ETF Flows Sputter as Investors Favor Defensive Funds

Risk-averse investors aren't rushing to chase a new bull market. 


 
How Are Stablecoins Faring? These Charts Will Tell You

Trading is down but market cap is stabilizing in the world dominated by tether, USD Coin and Binance USD. 


 
Cut Off From Headquarters: Global Fund Managers Are Stuck in China's Black Box

Some things global mutual-fund managers in China can't tell their bosses back home: how much they have invested in individual stocks, how their funds are doing and who their clients are. 


 
OpenAI CEO Calls for Collaboration With China to Counter AI Risks

As the U.S. seeks to contain China's progress in artificial intelligence through sanctions, OpenAI CEO Sam Altman is choosing engagement. 


 
Grilling Hasn't Been This Cheap in Years

U.S. propane prices have dropped more than 50% over the past year despite record exports. 


 
Canada Unemployment Rate Nudges Up to 5.2% in May

Canada's economy shed jobs for the first time in nine months, nudging the jobless rate up slightly in May even as wage growth remained elevated.


(END) Dow Jones Newswires

06-11-23 2115ET