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Wall Street Journal – Market News

• The Rise and Fall of a Green-Energy Superstar
  Enviva cashed in on a boom in wood pellets, then a disastrous trade led to bankruptcy. Questions have been raised about the industry’s environmental claims.
• Goldman's Credit-Card Exit Hampered by Lax Lending Standards
  The bank lent loosely on some credit cards, contributing to a big loss as it tries to sell the General Motors card business.
• Hedge-Fund Investors Extract Lower Fees in Response to Subpar Returns
  ExodusPoint is waiving fees after investor pressure if funds underperform cash.
• Fed Backpedals on Plan to Increase Big Bank Capital
  Banks spent over a year fighting earlier proposals that would have raised some banks’ capital buffers by nearly 20%.
• An Ugly Picture Emerges for Cosmetics Makers in China
  Sales are plunging, sending an economic warning signal in what was once their most important market.