A prominent hedge fund manager has a provocative idea to fix the UK stock market’s addiction to dividends — abolish income funds. Paul Marshall, co-founder of Marshall Wace, blames them for starving the biggest London-listed companies of the investment needed to fuel growth. It’s a novel solution to a longstanding problem. Shares in the FTSE 250 index of mid-sized companies ...

Faced with higher-than-expected inflation, Federal Reserve officials have spent the past couple of weeks outlining their plans to do something about it. That may not sound like much, but it’s already working: As it turns out, simply talking about reducing inflation can itself reduce inflation. Specifically, Fed officials have indicated that they are likely to accelerate the winding down of ...

Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...