Market News from The Wall Street Journal.
WSJ.com: Markets: Markets
Ralph Lauren shares jumped as the company beat analyst expectations and showed investors evidence that its turnaround efforts may finally take hold.
Suitcase maker Samsonite has questions to answer about its accounting practices.
Best Buy beat analyst forecasts on Thursday but the stock sank in what seems to be a misguided reaction to slowing online sales.
Celgene�s shares rose after the biotech company announced an accelerated stock repurchase, but the pace of Celgene�s buybacks shouldn�t do much to reassure investors.
The Trump administration is mulling new tariffs on imported vehicles and auto parts. That hasn�t yet wrecked Asian car makers� share prices. But it has driven the U.S.�s trade policy even further off-road�and investors in major Japanese and South Korean auto companies were rattled Thursday.
WeWork has convinced tech investors that short-term office rentals are the next big thing, and well worth a high price. Savvy real-estate investors also like that business, but not at WeWork�s valuation.
General Electric boss John Flannery sent shares tumbling with revelations about profitability and the dividend.
A merger between U.K.-based banks Barclays and Standard Chartered, as reported in British media, would be a massive strategic U-turn for both lenders.