Sharp falls in Asian markets and US stock futures on February 24 suggest investors are starting to catch up to the disconnect between the coronavirus’s widening impact and hopes of a V-shaped recovery. It’s a gap that has been particularly visible in metals. China, where much of the economy remains in lockdown, accounts for about half the world’s appetite for ...

Morgan Stanley is trading in its white shoes for Converse Chuck Taylors. That’s the initial impression on Wall Street at least after the bank announced that it had agreed to buy discount brokerage E-Trade Financial Corp. for $13 billion in an all-stock takeover, the biggest acquisition by a large US bank since the financial crisis. It would add E-Trade’s $360 ...

SoftBank Group Corp.’s chairman took to the stage to gloat about the company’s return to profit in a horrible year and to name drop some of the wonderful companies in his orbit. But the most important name of all was missing: Paul Elliott Singer. Getting top billing in Masayoshi Son’s earnings presentation was Alibaba Group Holding Ltd., which netted the ...