BofA Says US Stocks Draw Lowest Share of Global Flows Since 2020

US stocks haven’t been this out of favor relative to their international peers in more than five years, according to Bank of America Corp.’s Michael Hartnett. American equities have attracted only $26 out of every $100 of inflows to global equity funds so far this...

New York’s Robotaxi Plan Pulled in Blow to Waymo Expansion

New York Governor Kathy Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside New York City, a blow to Alphabet Inc.’s Waymo as it seeks to aggressively expand its driverless fleet this year. The proposal, which Hochul...