Joe Wallace

1 week ago | elpasoinc.com | Joe Wallace |Katherine Sayre

In the spring of 2023, a London banker-turned-bookmaker reached out to a few contacts with an audacious request: Can you help me take down the Texas lottery? Bernard Marantelli had a plan in mind. He and his partners would buy nearly every possible number in a coming drawing. There were 25.8 million potential number combinations. The tickets were $1 apiece. The jackpot was heading to $95 million. If nobody else also picked the winning numbers, the profit would be nearly $60 million.

1 week ago | wsj.com | Joe Wallace |Katherine Sayre

$13.75/Week $1.75/Week Includes unlimited digital access to The Wall Street Journal, MarketWatch, Barron’s and Investor’s Business Daily

1 week ago | flipboard.com | Joe Wallace |Katherine Sayre

The Dallas Wings are certain to make Paige Bueckers the No. 1 overall pick in Monday’s WNBA Draft. They have been waiting for the moment for quite a …

2 weeks ago | wsj.com | Chelsey Dulaney |Joe Wallace

British government debt was among the hardest hit in Wednesday's bond selloff. Ten-year gilt yields leapt 0.16 percentage point to 4.761%. Thirty-year yields surged more than 0.2 percentage point, well above the 0.12-percentage-point rise in U.S. equivalents. Yields in continental Europe were mostly lower. British debt markets have been skittish since a crisis in 2022, when then-Prime Minister Liz Truss sparked a meltdown with quickly dropped plans for unfunded tax cuts.

2 weeks ago | wsj.com | Joe Wallace

Markets are operating well and British banks are resilient, the U.K. finance minister said, citing a briefing from the central bank. Rachel Reeves, the U.K. chancellor, told lawmakers she had spoken on Tuesday morning to Bank of England Gov. Andrew Bailey. He had reported that "markets are functioning effectively and that our banking system is resilient," Reeves said. U.K. stock markets were among those that convulsed on Monday.