The stock market’s longstanding skepticism about official real-estate valuations just got fresh support from a jumbo writedown at one of Britain’s biggest mall and office operators. Hammerson Plc’s results are yet again catching up with its depressed share price. The company resisted a takeover bid in 2018 by pointing out that its reported net asset value was higher than the ...

One of the trendiest ideas in finance is something called “social impact investing,” which is the idea that people should put more money into socially beneficial companies and products, and less into socially harmful ones. That hardly sounds objectionable, but I am skeptical about how much good social impact investing can do. The first risk is that social impact investing ...

Bloomberg The first US coronavirus death. Signs the disease is squeezing China’s economy. A possible outbreak in Washington State. Trading may have stopped, but the drumbeat of alarming headlines hasn’t. That’s making investors anxious about what happens when markets reopen. While considerable bad news has already been priced in to stocks, with the S&P 500 down 13% in seven sessions ...