State Street Takes Coller Capital Stake to Tap Secondaries Boom

State Street Corp.’s asset-management arm acquired a minority holding in Coller Capital to tap the growing market for secondhand stakes in private markets. The firms announced the deal Monday in a statement that didn’t disclose the amount of the investment. The...

US Manufacturing Shrinks for Eighth Month on Sluggish Demand

US factory activity shrank in October for an eighth straight month, driven by a pullback in production and tepid demand. The Institute for Supply Management’s manufacturing index eased 0.4 point to 48.7, according to data released Monday. Readings below 50 indicate...

China’s Factory Activity Growth Slowed, Private Survey Shows

China’s manufacturing activity expanded less than forecast in October, a private survey showed, adding to worrying signs about the economy’s momentum as the year winds down. The RatingDog China General Manufacturing Purchasing Managers’ Index slipped to 50.6 from 51.2...

Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions

Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were boosted by the increased value of their stakes in Anthropic PBC, maker of the popular Claude chatbot....