U.S. Stock Futures Rise to Start a Busy Week for Earnings

U.S. stock futures and global indexes advanced at the start of a week that will include a slew of major corporate earnings reports, offering a look at how they are faring through the pandemic.

Futures on the S&P 500 added 0.3%. Contracts linked to the tech-heavy Nasdaq-100 rose 0.8%.

In Europe, the Stoxx Europe 600 climbed 0.2% in morning trade. Health care and information technology sectors led gains while industrials and energy sectors lost ground.

Aena S.M.E. declined 2.3% after more than one week inching lower and easyJet fell 5.5%.

Regional indexes in Europe were mixed as U.K.’s FTSE 250 rose 0.1% and Germany’s DAX gained 0.2%, whereas France’s CAC 40 traded broadly flat.

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A Restaurant Owner, Hurt by the Pandemic, Gets Advice on Shoring Up His Personal Finances

Cary Kemp was running a busy pizzeria in Seattle and had a restaurant consulting gig on the side before the pandemic hit. Now, receipts at Pizzeria 22 are down 70%, the consulting firm evaporated and he has taken a second job in construction to keep things together.

The divorced father of two is looking to find his financial footing, form a plan to save for retirement, and, generally, get the blocking and tackling of personal finances under control.

Mr. Kemp, 52, pays himself $647 a week at the pizzeria, but cashes the checks only when the business can cover them. He has only been bringing home between $1,000 and $1,800 a month lately. He also makes about $3,200 a month working construction until about 3 p.m., before heading to the pizzeria.

Mr. Kemp has no savings or money socked away in a retirement account. He calls his divorce, about six

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When SPACs Attack! A New Force Is Invading Wall Street.

The hottest thing in finance is four letters long. Former NBA star Shaquille O’Neal has one. So does former House Speaker Paul Ryan. Same goes for silver-haired hedge-fund billionaire William Ackman.

It’s called a SPAC, and increasingly it is the favorite source of financing for private companies looking to go public. Richard Branson’s space-exploration firm Virgin Galactic Holdings Inc. went public through a SPAC in 2019, and sports-wagering firm DraftKings Inc. did so last year. Nearly 300 SPACs are now seeking deals, armed with about $90 billion in cash. And more are rolling out at a furious clip—so far this year, an average of five new SPACs launched each business day.

“If you don’t have your own SPAC, you’re nobody,” said Peter Atwater, founder of research firm Financial Insyghts.

SPACs—which stands for special-purpose acquisition companies—are essentially big pools of cash listed on an exchange. Their purpose is

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Chinese Telecom Carriers Ask NYSE to Make Another U-Turn on Delisting

China’s big telecom carriers asked the New York Stock Exchange to rethink their planned delisting, the latest twist in a to-and-fro about whether they should be allowed to trade in U.S. markets.

In separate filings Thursday morning in Hong Kong, China Mobile Ltd. , China Unicom (Hong Kong) Ltd. and China Telecom Corp. said they had filed requests asking the NYSE to reverse its decision to delist their American depositary receipts. They said they had asked if a trading halt on their ADRs could be lifted in the meantime.

The requests came hours after Joe Biden was sworn in as the new U.S. president. Mr. Biden signed 15 executive orders and two executive actions on his first day in office, reversing some of former President Trump’s key policies.

In November, Mr. Trump signed an order barring Americans from investing in a list of Chinese companies that the U.S. said supplied

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Buffett-Backed BYD Sells $3.9 Billion of Shares as EV Stocks Electrify

BYD Co. , a Chinese car maker backed by Warren Buffett, raised $3.9 billion from a stock sale, joining peers in capitalizing on investors’ bullishness about new-energy vehicles.

The deal marks BYD’s biggest equity financing since it listed in Hong Kong in 2002. The company, whose stock also trades in Shenzhen, makes electric cars, batteries, plug-in hybrids and fossil-fuel-powered vehicles.

Investor enthusiasm about green cars and breakthroughs in battery technology have sent the company’s stock soaring, making it more attractive for BYD to raise new funds. BYD stock in Hong Kong has more than quintupled in a year, giving it a market capitalization of $91 billion. That is roughly in line with NIO Inc., a newer Chinese rival, and compares to an $806 billion market cap for Tesla Inc., according to FactSet.

Other electric-car makers have also tapped equity markets for funds as they race to secure a bigger slice

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