When you’re in the business of buying and selling, timing is everything. That’s the costly lesson facing BHP Group, which is looking at options to divest its thermal coal assets according to a report by Thomas Biesheuvel of Bloomberg News that cited people familiar with the matter. Arch-rival Rio Tinto Group raised $2.7 billion selling mines in the Hunter Valley ...

The S&P 500 has breached 3,000 for the first time — but the market for initial public offerings is certainly not celebrating. The world’s biggest stock sale of the year looks likely to price at the lower end of its price range, and a big UK listing has just been pulled. Rising markets may be making issuers greedy. Buyers of ...

Federal Reserve Chairman Jerome Powell was right in making clear during his Congressional testimony that despite the strong jobs report for June, the central bank will cut interest rates for the first time since 2008 at its monetary policy meeting. He was wrong in dismissing the need to reduce rates by half a percentage point. By lowering its target for ...