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Wall Street Journal – Market News

• UBS Plans $4.5 Billion Share Buyback as Profit Surges
  The Swiss bank powered through the coronavirus pandemic with some of the best financial results in global banking.
• Stocks Futures Waver After Hitting Fresh Records
  U.S. stock futures edged down after Wall Street closed at fresh records, while international stock indexes were mixed, with Verizon, General Electric and 3M due to report earnings ahead of the market open.
• Commodities Traders, Producers Earn Cheaper Rates From Banks for LoweringCarbon Production
  Two of the world’s largest commodity traders have lines of credit from banks that give them cheaper rates to finance reduced-carbon production of everything from oil to aluminum.
• Apollo CEO Leon Black to Step Down Following Probe of Epstein Ties
  Leon Black will leave the top job at Apollo Global Management by late July, following a review that found larger-than-expected payments to Jeffrey Epstein but no evidence of involvement in his criminal activities.
• GameStop Stock Surges to Record
  Shares of the once-moribund mall retailer reached new highs in what has become a gladiator match between Reddit-driven day traders and Wall Street shorts.