March 9, 2021

Business News

Nasdaq Inc. on Tuesday proposed new rules that would require the boards of its listed companies to meet certain minimum diversity requirements, or explain in a public disclosure why they aren’t doing so. Nasdaq Chief Executive Adena Friedman discussed the exchange operator’s diversity plan with The Wall Street Journal. This interview has been edited for clarity.

WSJ: Why did Nasdaq decide to do this?

Ms….

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Zoom Video Communications’ winter won’t be one of discontent. Spring might be another story.

The videoconferencing provider that has become an investor darling during the pandemic posted another blowout quarterly report Monday afternoon. Revenue more than quadrupled on a year-over-year basis to $777 million for the fiscal third quarter ended Oct. 31, exceeding the company’s already-robust projection by 13%. Zoom also projected similar growth for its fourth quarter ending in January and expects to close out the fiscal year…

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S&P Global Inc. is nearing a deal to acquire IHS Markit Ltd. for about $44 billion, according to people familiar with the matter, a landmark deal that would combine two of the largest providers of data to Wall Street.

The all-stock deal, which at that price would be the largest of the year, could be announced as soon as Monday, the people said. There is always a chance the talks could fall apart at the last minute.

IHS…

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Only a year ago, trade was a big worry for investors, and the strong domestic economy a source of comfort. How times change.

The median estimate among analysts is still that the U.S. economy will expand 4% in the final quarter relative to the third. Vaccines under development also raise the prospect of a quicker end to the pandemic, which could help unlock some extra capital spending and hiring. But at the same time, signs of weakness are creeping into the labor market and Covid-19 cases are surging. In the eurozone, the economy is likely to contract again.

Amid so

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Oil prices are expected to remain subdued into the new year, with murky prospects for the global economy and supply of crude weighing on the outlook.

Futures for West Texas Intermediate, the U.S. benchmark for oil, will likely be about $43.25 a barrel in the first quarter, according to a survey of 10 investment banks, suggesting the market will remain within a narrow band. WTI futures slid 0.4% to $45.53 a barrel Friday.

Next week’s meeting of the Organization of the Petroleum Exporting Countries and its partners, at which the alliance will decide on production levels from January, will determine

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The dollar hit its lowest levels against a basket of currencies in more than two years this week—and investors think it’ll fall further.

The consensus view of a falling dollar is based on a big assumption: Covid-19 will be more or less conquered in the months ahead. Vaccines will allow economies around the world to return to normal within the next year, encouraging investors to step back from the relative safety of U.S. assets and invest in stocks, bonds and currencies outside the U.S.

The…

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