China is the wild card. President Xi Jinping has vowed that the friendship between China and Russia has “no limits,” and he certainly has the tools to help soften the blow of unprecedented sanctions imposed by the US and European Union on Vladimir Putin’s wartime economy. Beijing could buy some of Russia’s $130 billion hoard of gold held by the ...

Investors in Bed Bath & Beyond Inc are betting that an activist intervention will add up to big gains. Shares in the retailer rose as much as 86%, the most ever, in early trading after Ryan Cohen, a co-founder of Chewy Inc and the chairman of GameStop Corp, disclosed that he had taken a 9.8% stake. Cohen’s investment company RC ...

Marc Rich, the infamous godfather of the modern commodity trading industry, thought he could squeeze the global metals market at will. It was a time of swashbuckling trading in the City of London — regulation was lax and traders did as they saw fit. In 1992, he targeted the zinc market, amassing a huge position on the London Metal Exchange. ...