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SAP Casts a Cloud Over Software

SAP shares fell 22% Monday for their worst single-day drop in decades. Photo: ronald wittek/Shutterstock A crush of workers sent home earlier this year turned out to be good for a lot of tech companies. Keeping them home might not be. That was the message Monday from SAP. The German
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JPMorgan Currency Deal Highlights Finance's Green Shift

An Enel Green Power solar plant in San Luis de la Paz, Mexico. Photo: Alejandro Cegarra/Bloomberg News Green finance is making tracks into the wonky world of foreign-exchange markets, highlighting the lengths Wall Street will go to broadcast an environmental angle on investments. JPMorgan Chase & Co. arranged a type of currency-derivative for Italian utility […]
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Dunkin' Buyout Talks Will Fuel Deal Hunger

A Dunkin’ drive-through window in Maine. Dunkin’ Brands shares rallied after the fast-food company said it is in talks to be acquired. Photo: Russ Dillingham/Associated Press Shareholders across the restaurant industry got some welcome news: Private equity wants to eat. Dunkin’ Brands Group, which owns Dunkin’ and Baskin-Robbins, said Sunday it has held preliminary
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ETF Clones Multiply in Industry Fee War

An index of the 100 biggest Nasdaq stocks is tracked by two Invesco ETFs, but the newer one has much lower fees. Photo: Michael Nagle/Bloomberg News The race to zero on Wall Street is so competitive that some of the biggest asset managers are creating cheaper knockoffs of their most popular exchange-traded funds. Invesco Ltd. […]
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Ant to Raise More Than $34 Billion in Record IPO

Ant Group’s Hong Kong stock will begin trading on Nov. 5, according to a filing with the city’s stock exchange. Photo: str/Agence France-Presse/Getty Images HONG KONG—Chinese financial-technology giant Ant Group Co. is aiming to raise at least $34.4 billion from the world’s biggest-ever initial public offering, fillings showed Monday, in a blockbuster deal that will […]
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Oil Drops on Covid-19 Resurgence, Extra Libyan Crude

Ras Lanuf in Libya. The country has restarted oil production, putting pressure on oil prices. Photo: esam omran al-fetori/Reuters Oil prices fell Monday after new coronavirus restrictions in Europe and the speedy return of production in Libya threatened to undermine efforts to chip away at a global glut of crude. Futures for Brent crude, the […]
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Uber, Lyft Face a No-Sharing Economy

An Uber ride at Los Angeles International Airport in August. Photo: ETIENNE LAURENT/EPA/Shutterstock Ride-hailing companies were counting on Americans becoming less-enamored of that new-car smell. What they didn’t expect was the renewed value of only inhaling your own germs. U.S. car sales are suddenly rising again after falling off a cliff early in the coronavirus […]
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Retail Stocks Are Hot Heading Into the Holiday Season

Gap Inc. is among the retailers that typify the renewal of hope in the sector. Photo: John Nacion/Zuma Press The holiday season is expected to be brutal for many retailers. Investors are bidding up their stock prices anyway. Holiday spending is projected to fall 7% from 2019 to an average of $1,387 per household, according […]