Financial technology providers are gobbling up Manhattan office space as they expand operations and seek to tap the city’s growing tech labor force. The space leased by financial technology companies or units of larger companies totaled about 877,000 square feet last year, almost triple the amount in 2014, according to real-estate services firm JLL. The...
Last weekend, Chairman spent roughly a fifth of his latest annual letter talking about what he calls “The Bet.” What he didn’t talk about is even more interesting. In the bet, made at the end of 2007, Mr. Buffett correctly wagered that several bundles of hedge funds selected by investor Ted Seides wouldn’t be able…
Chinese property data out Monday showed housing prices weakening across the board in August. Usually this would be a good point to exit China growth plays. But another 2015-style collapse in Chinese commodity demand remains unlikely. The reason? Slum clearance. Local governments are directly buying up large quantities of houses developers haven’t been able to…
Chinese property data out Monday showed housing prices weakening across the board in August. Usually this would be a good point to exit China growth plays. But another 2015-style collapse in Chinese commodity demand remains unlikely. The reason? Slum clearance. Local governments are directly buying up large quantities of houses developers haven’t been able to…
July 6, 2018 1:51 p.m. ET Logistics payrolls swelled in June as employers grappling with a tight labor market hustled to meet surging U.S. freight demand. Parcel-delivery firms and trucking fleets added a total of 6,660 jobs last month, while warehouse operators added 800 positions, according to preliminary figures the Labor Department released Friday. But…
Cisco Systems Inc. is scheduled to report fiscal third-quarter results after the market closes Wednesday. Here’s what to watch. EARNINGS FORECAST: Cisco is expected to report adjusted per-share earnings of 65 cents, according to an S&P Global Market Intelligence survey of analysts. That would be up from adjusted earnings of 60 cents a share a…
Walmart’s biggest deal in nearly 20 years is making investors nervous. The size of the deal, at $15 billion is one thing, but adding to the anxiety is the target: the biggest e-commerce platform in India, a land of infinite possibilities and endless disappointments. If approved, Walmart’s deal for a 75% stake in Flipkart would…
ZURICH—Global staffing firm posted strong third-quarter revenue growth in southern Europe but more sluggish results in big economies like the U.S. and U.K., offering a window into the state of global labor markets as Europe’s laggards catch up to the rest of the world. Just as global industrial giants like Caterpillar Inc. provide a window…
A series of art auctions in London had more fizzle than sizzle after Christie’s failed to find a buyer for a Francis Bacon painting it expected to sell for around $80 million. The portrait of the artist’s lover squaring off with a pope was supposed to cap a week of auctions at Christie’s, Sotheby’s and…
Investors are showing more interest in commercial real estate in Asia, South America and other emerging markets, where growth trends and the lure of outsize returns overshadow the additional political and financial risks these regions can pose. From 2012 to 2016, investors mostly were fleeing markets like Brazil, Russia and India as those countries were…