What's News: Business & Finance -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (February 21, 2018).

Walmart misjudged its online inventory for the holiday season, pushing its shares down over 10% and slicing its market cap more than $31 billion.

U.S. stock indexes fell, dragged down by Walmart. The Dow slid 254.63 points, or 1%, to 24964.75.

Treasury yields are nearing 3% for the first time in years, a development with significant implications for financial markets.

Qualcomm raised its bid for NXP to $44 billion, a move that could cause Broadcom to abandon its pursuit of Qualcomm.

AT&T isn't entitled to details of the government's internal discussions about the Time Warner deal, a federal judge ruled.

Public pension funds, with over half their assets in stocks, showed their vulnerability to market downturns earlier this month.

Fannie and Freddie investors suffered a setback when the Supreme Court declined to take up their appeals.

Gap is searching for a new head of its flagship brand after the CEO resigned.

Fox News is launching a streaming service available only to subscribers.

Freight-tracking startup FourKites said it raised $35 million for expansion.

HSBC missed 2017 profit forecasts, hurt by the collapses of two borrowers.

Venezuela is likely to face problems attracting investors for its cryptocurrency.

(END) Dow Jones Newswires

February 21, 2018 02:47 ET (07:47 GMT)

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