Tag: Educational Services

Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock
Money

Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock

Cutting ties with the largest U.S. banks and asset managers is easier said than done. In Oklahoma, where a new law requires the state to stop doing business with financial companies that “boycott” the oil-and-gas industry, officials and pension employees are running into hurdles while trying to comply.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
How China’s Education Firms Survived the Crackdown
Money

How China’s Education Firms Survived the Crackdown

Chinese education stocks have earned a gold star in 2023: an unexpected, albeit partial, comeback after Beijing’s brutal regulatory crackdown beginning in 2021.Chinese stocks have had a difficult year, with the MSCI China Index down nearly 14%. But education stocks are a different story: Shares of New Oriental Education & Technology have more than doubled this year while those of TAL Education have risen 58%. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
These Companies Are Being Squeezed by Higher Rates
Money

These Companies Are Being Squeezed by Higher Rates

Soaring interest expenses are turning the bottom line red at an increasing number of companies with low credit ratings, a problem that is expected to worsen as the rates on their loans reset.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8