Dan Loeb’s Third Point LLC says it has a history of working constructively with boards to promote the success of their companies. The activist’s latest goal seems to involve removing the board of Prudential Plc entirely, and dismantling the head office around it, as part of a breakup of the $48 billion insurer. That may not be as hard as ...

The yield on a 30-year USTreasury bond has finally fallen to a record low of 1.83%, having dropped a staggering 50 basis points this year already. With the coronavirus outbreak forcing people to look for havens, there are few signs that this investor frenzy for long-maturity sovereign debt is going to abate anytime soon. The US appears to be headed ...

For a time, it looked like our defenses might hold. The extraordinary lockdown of China’s Hubei province over the past month had at times appeared to be halting the spread of the Covid-19 coronavirus. For much of that period, new cases outside China were running at just a dozen or so a day, most of them with clear connections back ...