Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns — and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

How a Strong Dollar Hits Microsoft, Other Big US Companies

Microsoft Corp. MSFT 0.79% on Thursday cut its sales and earnings guidance, citing the US dollar’s gains in foreign-exchange markets. Here’s why the dollar has climbed so much this year and what that means for companies and stocks. The US Dollar Index, which tracks the currency against a basket of others, has risen roughly 13% … Read more

Starbucks, eBay, and 29 Other Stocks for a Bear-Market Rally

Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more

SeatGeek and Forbes Nix SPAC Deals During Market Pullback

Ticketing platform SeatGeek and media outlet Forbes Global Media Holdings Inc. terminated their mergers with blank-check firms on Wednesday, underscoring the challenges of taking companies public during this year’s stock-market turbulence. SeatGeek and Forbes became the latest companies to end combinations with special-purpose acquisition companies, or SPACs, after many investors soured on the once-hot alternative … Read more

The man who seized one of Argentina’s ships now warns there will be a wave of emerging-market defaults

He’s now expecting a debt epidemic. “We are on the brink of an epidemic of emerging market defaults, the scale and scope of which will rival the debt crisis of the 1980s,” he wrote in an op-ed in the Financial Times. “Rate increases by Western central banks, fallout from the COVID pandemic, surging food and … Read more