Stock Buybacks Beat Capital Spending for Many Big Companies

Some finance chiefs say they have plenty of money to invest in their businesses, but shortages in the equipment and people needed for new projects are limiting how much they can take on, leaving excess cash for buying back stock.

Consumer Confidence Continues Slide on Covid-19, Inflation Worries

A september survey showed a pullback in consumers’ intentions to make...

Evergrande Bondholders Mull Next Steps in Wake of Missed Payment

Foreign investors in the Chinese property giant’s debt face the challenge...

Home-Price Growth Hit Record in July

The Case-Shiller index rose 19.7% in the year that ended in...

Facebook Asks Oversight Board for Guidance on How It Regulates High-Profile Users

The board—an outside body that Facebook created to ensure the accountability...