The Market

The numbers: A pair of surveys of U.S. businesses added to mounting evidence on Wednesday that the economy is slowing in the wake of a record coronavirus outbreak. IHS Markit said its “flash” survey of executives at service-oriented companies such as restaurants, financial firms and health-care providers fell to 55.3 …

Dear Moneyist, When my maternal-great-aunt died, my father wanted me to help him purchase her property. He currently owns a condo and the arrangement we made is that, once he buys my aunt’s house, I will move into his condo and pay the HOA fees. A little more than a …

So much has been made of Tesla’s breathless rise to mind-boggling valuations in 2020. But the stratospheric rise of the Palo Alto, Calif.-based company also might have a broader impact on the overall markets, not just Tesla or the nascent electrical vehicle market, notes one Deutsche Bank strategist. The share …

The market for initial public offerings is getting too euphoric and unhealthy in the longer term, according to Goldman Sachs Chief Executive David Solomon. “  ‘I do think we’re at a moment in time where there is a lot of euphoria…and I don’t think in the long run [that] that’s healthy.’ …

Joe Biden campaigned on a platform to restore America’s standing in the world by repairing ties with our allies, create greater domestic equity through improvements in the Affordable Care Act and aggressive efforts to advance the interests of women and minorities, and accelerate U.S. efforts to reduce greenhouse gases. The …

U.S. Attorney General William Barr will step down from his post before Christmas, President Donald Trump announced in a tweet late Monday. Barr’s last day will be Dec. 23. Deputy Attorney General Jeff Rosen will step in as acting attorney general, and Richard Donoghue will move up to deputy attorney …

Raise your hand if you knew, after the March crash, that the stock market would hit record highs by the end of the year. Stop. Put it down. Nobody believes you. Even for the hardy “buy when there’s blood in the streets” crowd, throwing more money into the game when …

A TV series about the defunct news/gossip blog Gawker was killed by Apple TV+ after Apple Inc. Chief Executive Tim Cook found out it was being developed, the New York Times reported Sunday. The series, called “Scraper,” was sold to Apple AAPL, -0.67% by two Gawker veterans, and two additional …

Tesla Inc. will shut down production at its Fremont, Calif., factory for 18 days starting Christmas Eve, CNBC reported over the weekend. Citing an internal email it obtained, CNBC reported Saturday that production lines for Model S and Model X vehicles will be shut down from Dec. 24 to Jan. …