The Wall Street Journal Markets

Stocks rallied after better-than-expected earnings, including from banks, that helped ease investor concerns about a slowdown in growth.

The bank, which reported a third-quarter profit of $4.64 billion, freed up $1.16 billion it had set aside for bad loans early in the pandemic. The quarterly result beat analyst expectations.

The bank’s quarterly profit beat analyst expectations, lifted by a release of funds it had set aside for potential loan losses during the pandemic, but revenue fell 2%.

The New York bank said third-quarter profit rose 36%.

The second-largest U.S. bank earned $7.69 billion in the third quarter, as it benefited from a rebound in net interest income. The quarterly result topped analysts’ expectations.

Prices reached multiyear highs after smelters, facing soaring energy bills and pressure to cut their carbon emissions, curtailed production.

On Wall Street, M&A is on fire, but on Main Street, loan growth is muted. Here’s what bank earnings reveal about the bigger picture.

Soaring natural-gas and coal prices are pressuring power-generation companies and manufacturers to switch to using oil, a trend that could add half a million barrels a day to global demand, the IEA said.

The activist investors said that a stand-alone e-commerce business would be worth a multiple of Macy’s current market value, which stood at about $7 billion Thursday after a recent rally.

Trading platform Coinbase, which has feuded with U.S. regulators in recent months, plans to publicly release a document with proposals for crypto regulation.

The online sports equipment retailer has also brought in money from SoftBank and Mubadala in preparation for a U.S. listing through a Ron Burkle-led SPAC.

Strong interest revenue growth set against steady costs gave the bank a big boost this quarter.

People often focus on the actual amount of money they earn or spend, rather than its purchasing power.

Regulators typically limit the purchase of private shares to individual investors with a net worth of more than $1 million or annual income above $200,000.

Bank of America shares gained after its earnings report; Alcoa shares were following aluminum prices higher.

The riskiest securities tied to collateralized loan obligations returned over 29% to investors through August, beating major stock indexes.

The tripling of wholesale gas benchmarks in Europe has been more dramatic than its impact on consumer prices, but the link will likely get stronger over time.

The latest trading update from Grubhub’s Amsterdam-based parent company could spook U.S. food-delivery investors, but it shouldn’t.

The SEC filing paves the way for the CVC Capital- and MercadoLibre-backed Aleph to list shares in early 2022.

SPACs have lost some luster in America, but stock exchanges in Singapore and Hong Kong are betting the vehicles will boost their allure to global investors and startups in the region.