Stocks
This S&P 500 sector is expected to grow profits most rapidly through 2026 — and it’s not tech. Here are 14 related stocks.
Two money managers discuss what lies ahead for a reviving sector.
These stocks look ‘cheap’ as ‘capex boom’ outweighs any potential Biden program reversal
Stocks that directly benefit from investment in manufacturing and infrastructure are trading at a discount relative to the S&P 500, according to BofA Global Research.
When Trump’s odds of winning the election rise, these S&P 500 sectors decline
How Trump’s chances in the PredictIt betting market affect the U.S. stock market.
Reddit’s stock rises on new partnership with NFL, NBA, MLB, PGA Tour and NASCAR
Reddit clinches deals for video content and player engagement with major U.S. sports organizations.
‘I’m not voting’: Why should Donald Trump, Kamala Harris or anyone else make a difference to my finances? I’ll never be able to retire and I’m always broke.
“I am in my 50s and still renting. I cannot afford to buy a house.”
Harris campaign says it has raised nearly $50 million since Biden’s exit from White House race
The Kamala Harris campaign has raised $49.6 million in grassroots donations since President Joe Biden exited the White House race on Sunday afternoon and then endorsed her, a spokeswoman for her campaign told MarketWatch early Monday.
CrowdStrike’s stock falls further as it draws downgrades in wake of incident
Analysts worry that the outages sparked by a CrowdStrike software update will lead to delays of new deals.
Berkshire Hathaway’s Warren Buffett trims stake in Bank of America after stock’s 2024 rally
Bank of America’s largest shareholder trims stake to under 1 billion shares by selling $1.5 billion worth of the bank’s stock.
This ad-technology company could benefit from Biden dropping out
Oppenheimer analyst Jason Helfstein believes Trade Desk should ‘disproportionately benefit’ from Biden dropping out of the race for the White House.
Is Google’s biggest competition itself? Watch Alphabet’s earnings for signs.
Alphabet reports earnings after Tuesday’s closing bell, and Wall Street will be listening for information about the early rollout of AI Overviews in search.
Nvidia, Super Micro, Broadcom — and 22 other stocks most likely to crash
It’s a bad sign when investors believe the probability of a crash is particularly low — like now.
Verizon’s earnings show a return to growth on key wireless-subscriber metric
Verizon returned to growth on a key subscriber metric in its wireless-phone business, though its stock headed lower in premarket action Monday.
Tesla needs to show off its AI skills the way Nvidia already has
Nvidia seems a better value than Tesla now, but both stocks have compelling upside potential.
Oil prices tick lower after finishing Friday at 5-week low
Oil futures edged lower early Monday, struggling to recover from a selloff last week that saw crude fall to five-week lows on concerns about the outlook for demand from China.
‘We let our lawyers duke it out’: My $300K brokerage account was accidentally omitted from my divorce. Should I say something?
“There was no mention of this brokerage account that was in my name even during our divorce though it was opened during our marriage.”
Ukraine said it’s reached deal to restructure debt
War-ravaged Ukraine said it’s reached a deal with creditors to restructure its debt.
Vivendi says it may list Canal+ in London
The French conglomerate said it has now completed a study showing the feasibility of listing its Canal+ subsidiary on the London Stock Exchange in what would be a major win for the troubled market
Jennifer Lopez and Ben Affleck have listed their marital mega-mansion: The price: $68 million
Following a rekindled romance and wedding, the couple are selling the sprawling compound that they just bought last year.
Ryanair expects slump in air fares over key summer months
Shares in Ryanair fell 12% on Monday as the low-cost airline said lower air fares and higher costs had led to a 46% drop in its first quarter profits
Delta cancellations extend into a fourth day
Delta Air Lines is still struggling to overcome the disruptions caused by CrowdStrike’s errant software update, cancelling 11% of its flights on Monday.
Here’s how a President Kamala Harris could act on key economic issues
Investors should expect a potential Kamala Harris administration to defend the economic policies that Biden instituted during his term, experts say.
Here’s the bad news for tech investors wondering if AI spending is paying off
Tech earnings still won’t answer the question of whether AI spending is paying off beyond Nvidia and a few chip and hardware makers.
Stocks wobble after rotation from Big Tech leaves broadened rally in question
U.S. stocks are wobbling, as volatility rises in the bull market.
Two Magnificent Seven companies report this week. Only one will likely be among the biggest profit drivers.
Second-quarter earnings reporting season is heating up, with much of the action likely hitting markets on Tuesday, when both electric-vehicle maker Tesla Inc. and Google parent Alphabet Inc. — two Magnificent Seven companies whose stocks are headed in opposite...
Lineage is going public: 5 things to know about the cold-storage warehouse REIT
Lineage IPO is expected to be the biggest of 2024 by a wide margin
CrowdStrike outage affected 8.5 million Windows devices, Microsoft says
Microsoft said Saturday it estimates that worldwide about 8.5 million computers were disabled by the outage caused by an update from the Texas based cyber security company, CrowdStrike on Friday.
How to know if a financial planner is a good match or a mismatch for your money
Get the lowdown on a financial adviser before you give them a dime.
‘Taylor Swift is my nemesis’: Hotel prices soar due to pop star’s Europe tour
As Swift makes her way through major European cities this summer, lodging rates have jumped accordingly.
This hedge-fund icon has been investing for 60 years. Here’s his take on stocks now.
‘Probably by the end of this year or next year, the bear market will have resumed in the U.S.,’ Jim Rogers predicts.
How old is too old for CEOs — and presidents?
The private sector has term limits of a different sort: deliver or you’re gone
‘Sell the S&P 500’ is looking smarter as tech stumbles and support levels crack
VIX volatility index holds clues about the market’s direction.
It’s hot — and getting hotter. Here’s what that means for the global economy.
Climate change is worse for worldwide output than previously thought, a new study says.
Rich people know about this investing trick — it’s time retail investors do too
While many people favor high-yield savings accounts, investing in bonds instead may prevent a tax headache.
Nearly a third of home sellers are cutting prices as housing supply balloons in these areas
Nearly a third of home sellers in Sun Belt cities are slashing their asking prices as the number of properties for sale in those markets surges.
Tesla earnings bring focus on self-driving, and a new appreciation for energy-storage business
Tesla Inc. nears its earnings day with the stock firmly in the black for the year but facing concerns about its robotaxi aspirations, EV demand, and Chief Executive Elon Musk’s deeper wading into politics and divisiveness.
Medicare Part D: How the latest changes in drug pricing will affect you
There are big changes coming for anyone on a Medicare Part D drug plan.
Older adults are drinking more. Could that pose a public-health risk?
The rise in alcohol consumption among older adults comes as drinking trends are holding steady or declining among other age groups.
Is this heavy-hitting American Express card worth the $695 fee? Yes, if you’re in this group.
The American Express Platinum card offers perks such as airport-lounge access and hundreds of dollars in travel credits. But some finance influencers have called it “overhyped.”
Why Trump will need help from Saudi Arabia and Iran to help feed energy bulls
A win by Republication presidential nominee Donald Trump would be bullish for oil producers, but he’ll need help from Saudi Arabia and Iran to help offset the price impact from his push for higher output.
‘I’m slowly learning’: I’m in my 70s and suddenly widowed. My financial adviser wants me to invest 20% of my assets in annuities. Is that a good idea?
“I do need the additional monthly income and it would be good to have with my pension and Social Security.”
How a Trump presidency could ‘rock’ the EV market — and bring Tesla prices way down
Tesla and other electric-vehicle makers stand to face major price competition if Donald Trump wins the presidential election and opens the U.S. to cars produced by Chinese manufacturers.
How to decide between Treasury, corporate and municipal bonds
A guide to the tax implications of owning Treasury, corporate and municipal bonds.
Want a refund for your delayed or cancelled flight after the CrowdStrike outage? You can get it — here’s the trick.
Airline passengers faced the choice of waiting hours for their delayed flight, rebooking or just canceling their trip after a cybersecurity platform’s software update snarled computer systems and toppled travel plans.
Why bonds are important and how to invest in them
There has been quite a buzz about investing in bonds among younger investors who may previously have found them boring or appropriate only for retired people seeking income.
Here’s how stocks performed the last time a president ended a re-election bid — in 1968
S&P 500 rose after LBJ’s surprise announcement, but the market is already pricing in Biden’s withdrawal.
I put $6,000 on my credit card after a house renovation and face a Social Security overpayment. Do I use my emergency savings to pay it off?
“I have $14,000 in an emergency fund, but I have earmarked $6,000 for a Social Security overpayment, for which I’ve submitted an appeal.”
Bitcoin jumps thanks to Trump, as investors weigh Democratic ticket change
Bitcoin’s price jumped on Friday as crypto investors continued to be buoyed by Republican presidential front-runner Donald Trump’s embrace of digital assets and digested reports that President Joe Biden could drop out of the White House race.
Blackstone steps up real-estate investments — but challenges remain in office sector
Blackstone more than doubled its real-estate investment activity to $10 billion in the second quarter, as the private-equity firm continues to see a bottoming out in the broader commercial real-estate sector.
Comerica cuts net interest income view and flags loss of a government contract
Comerica Inc.’s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn’t expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.
RMD rules for inherited accounts are here. You may have less time to act than you thought.
The IRS issued final regulations for inherited retirement accounts that are set to begin in 2025.
Trump says mortgage rates have quadrupled since Biden took office. Is he right?
Housing prices have hit an all-time high, and both Biden and Trump say they plan to address the issue.
Oil heads for back-to-back weekly declines as demand worries weigh on crude
Oil futures declined on Friday, with worries about the demand outlook from of China putting a damper on crude this week, while supply concerns have helped limit downside.
CrowdStrike outage thrusts Paris Olympics partner into the spotlight
The massive CrowdStrike Holdings outage, which may be world’s largest ever, has underlined the critical importance of one of the lesser-known partners of the Paris Olympic Games, according to branding expert Jim Andrews.
CrowdStrike outage affects Schwab, E*Trade and other brokerages — preventing people from trading
Friday’s IT outage was particularly felt in the brokerage industry, where any technical issue preventing people from trading can lead to money being lost.
Mortgage rates fall to the lowest level in four months, while refinances jump 15%
Mortgage applications rose 3.9% in the last week, the Mortgage Bankers Association said.
CrowdStrike CEO George Kurtz is taking a $32 million personal hit from stock’s drop
The global computer outage caused by CrowdStrike is getting personal for Chief Executive George Kurtz, as it’s costing him a lot of money.
Hospitals, 911 systems scramble to respond to CrowdStrike issues
Hospitals and 911 systems were racing Friday to respond to outages linked to a CrowdStrike cybersecurity platform issue.
Bud Light sales extend their drop but Michelob Ultra takes up some slack: report
Anheuser-Busch InBev’s former No. 1 beer Bud Light has continued losing market share to Modelo from Constellation Brands Inc. and Coors Light from Molson Coors Beverage Co., but has made up some ground with Michelob Extra and Busch Light, the Wall Street Journal...
How Robinhood lost $2 million to scam artists with names like ‘Ghost’ and ‘Payday’
A group of Long Island men pleaded guilty to using an elaborate “free-riding” scheme to manipulate prices of illiquid stocks using money they stole from the trading platform.
Student-loan payments paused for millions after court blocks Biden debt-relief plan
Millions of student-loan borrowers will have their payments paused and interest put on hold amid legal wrangling over a signature Biden student-debt initiative.
We’re retired and in our early 60s. We want to buy a $900,000 house. Would it make sense to take out a bridge loan?
“We would like to buy a house before we sell our current home.”
Netflix is doing the impossible, and that could be bad news for bears
One analyst doesn’t see a “realistic bear-case for Netflix in the foreseeable future” given Netflix’s recent subscriber performance and fundamental strength.
Travelers’ stock rallies after big profit beat, even as catastrophe losses rise
Travelers’s stock was set to resume their rally in early trading Friday after the insurer beat second-quarter profit expectations by a wide margin, even as revenue missed and catastrophe losses increased.
Hawaiian Electric stock rallies on report of Maui wildfire settlement
Shares rise nearly 37% on report of $4 billion settlement.
What are the most profitable stocks of all time? The answer might surprise you.
There is an old saying about investing: time in the market trumps timing the market.
Halliburton’s stock falls 2% after revenue falls short of estimates
Halliburton Co.’s stock fell 2% early Friday, after the oil services provider posted second-quarter earnings showing profit matching consensus but revenue falling short.
I’m 42, married with kids and live overseas. I don’t have a 401(k) and I don’t expect Social Security. What can I do?
“My employer typically gives housing, insurance, and schooling.”
Former Trump adviser Sebastian Gorka is selling this doomsday-prepper cabin on 33 acres in the West Virginia woods
There’s a backup generator, a hand pump for the well, and an outdoor stove, plus just acres and acres of woods, wild animals, and birds.
CrowdStrike stock could see its worst day ever after worldwide outages
CrowdStrike Holdings may be looking at worst single-day stock-market performance ever, after a computer outage worldwide was pinned on the cybersecurity company.
Citi advises investors to ‘election proof’ their portfolios — here’s how
Strategists at Citi say it’s time to election-proof portfolios, and that mostly means shedding overseas stocks, while loading up on banks.
Why Netflix and YouTube are miles ahead in streaming
Netflix Inc. wants Wall Street to think of it and YouTube as the top two streaming players, putting all the other streaming services in the category of also-rans.
Trump promises ‘massive tax cuts’ and an end to inflation in convention speech
Republican presidential nominee Donald Trump speaks on the final night of his party’s convention in Milwaukee.
Airlines grounded, companies experiencing outages tied to CrowdStrike issue
Major airlines grounded flights and companies globally were experiencing IT outages, believed to be caused by a CrowdStrike cybersecurity platform issue on Friday.
Mortgage rates just fell to a four-month low. Should you buy a house or wait?
Mortgage rates seem poised to come down in the coming months. That’s prompting some home buyers to pause and wait for more certainty before acting.
Nvidia, AMD shares move in opposite directions after good news on AI demand
Nvidia’s stock is leading the chip sector late on a volatile day of trading, while other prominent semiconductor names are seeing an extension of recent weakness.
Amazon Prime Day set records this year — but TikTok’s foray into summer deals had a slower start
The e-commerce giant said its 2024 Amazon Prime Day event was its biggest ever.
Small-cap stocks are perking up. Here’s how to pick winners.
A mad rush for U.S. small-cap stocks over the past week has investors weighing whether to chase the rally or proceed with caution in one of the most speculative corners of the stock market.
Retail investors are buying these bonds right now
Data from online brokerage Public shows us exactly which bonds people are buying on the platform.
‘Inflationary’ tariffs by U.S. could upset expectations for multiple Fed rate cuts into 2025
If the levying of tariffs causes inflation to jump higher, then the Fed “may not cut rates as aggressively” as estimated, a Wells Fargo team says.
Political unrest got you rattled? Experts share what to do with your money.
Financial experts offer money tips for people trying to navigate feelings about the uncertain future. “What we can control is what we’re doing with our money today.”
I thought I had planned for every risk, until the unexpected happened
Today’s financial lesson: We can manage risk—but terrible stuff can still happen. This thought, of course, was prompted by my recent cancer diagnosis. But the notion is also all too relevant to money management. But let’s start with health matters. In 1995, I began...
Manpower says AI is a worry for many workers and ‘front of mind’ for employers
In headhunter Manpower’s post-earnings call with analysts, CEO Jonas Prising addressed what everyone was thinking, how artificial intelligence was affecting the job market.
Who might be the Democratic vice-presidential nominee if Biden steps aside? Here’s what betting markets say.
With pressure growing on President Joe Biden to step aside as the Democratic nominee, who might a new nominee’s running mate be?
‘I walked away furious and with an empty stomach’: The food at my Italian restaurant was inedible. Am I expected to tip?
“I was flabbergasted. Why should I pay for a dish that I didn’t eat?”
CommScope rallies on deal to sell units to Amphenol for $2.1 billion
CommScope Holding Co. Inc.’s stock jumped more than 11% on Thursday after the networking technology company said it agreed to sell two business units with a combined 4,000 employees to Amphenol Corp. for $2.1 billion.
Infosys sales edge past consensus as it nudges up outlook
Indian outsourcing giant Infosys reported growing profits as it forecast a slight pickup in sales growth for the year.
Meta in talks to buy a near $5 billion stake in Ray-Ban sunglasses parent: WSJ
Meta Platforms is in talks to pay nearly $5 billion for a 5% stake in France-based eyeglass giant and Ray-Ban parent EssilorLuxottica SA, according to a report in The Wall Street Journal.
Nearly 50 million people play pickleball. Will they also try this pickleball videogame?
PPA Pickleball Tour 2025, a game that launches this week, aims to expand the audience for the sport.
Philadelphia Fed’s factory gauge improves markedly in July
The Philadelphia Fed said Thursday its gauge of regional business activity rose to 13.9 in July from 1.3 in the prior month.
Jobless claims jump t0 243,000 and match nearly one-year high
The number of Americans who applied for unemployment benefits last week shot up to 243,000 and matched a nearly one-year high, driven by a spike in new job less claims in Texas after hurricane Beryl.
Ryan Cohen reiterates support for Donald Trump ahead of former president’s RNC speech
GameStop Corp. Chief Executive Ryan Cohen reiterated his support for Republican presidential nominee Donald Trump late Wednesday, just days after endorsing him.
TWFG Insurance IPO prices above range ahead of trading debut as IPO market heats up
Deal is latest in an IPO market that is gradually heating up again.
These small stocks with big dividends can grow even after the small-cap rally fades
Think twice before shifting your stock portfolio toward smaller-cap names.
Don’t buy the dip as the summer slump is officially here, says Goldman strategist
Wading in for bargains right now is not the way to go, says Goldman Sachs’ tactical strategist Scott Rubner, who offers seasonal caution.
These stocks offer some insulation against election volatility
As the U.S. gears up for November’s presidential election, stocks across sectors such as defense, telecom, water, environment and construction could provide refuge from any volatility that arises, according to KeyBanc Capital Markets.
My daughter died without a will, but her undocumented husband refuses to claim her estate. What can we do?
“How do I collect it as her next of kin if her husband is refusing to collect his inheritance?”
Hedge funds that try to avoid pain just saw their worst day in nearly two years
Managers with long/short strategies — i.e., funds that combine bets that companies will appreciate in value with bets that others will decline — had their worst single day of trade since the fourth quarter of 2022.
Check out this cool surfer beach house in Malibu that actor Jonah Hill just listed $16.7 million
The beach is just steps away from this charming and discreet Malibu escape featuring lush landscaping and ocean breezes.
J.D. Vance blasts ‘Wall Street barons’ and Biden in GOP convention speech
Republican vice presidential nominee J.D. Vance speaks Wednesday night at the GOP convention in Milwaukee.
Novartis lifts guidance again as demand climbs for top drugs
Novartis has boosted its 2024 outlook for a second time this year, thanks to strong sales for some of its biggest drugs used to treat heart failure and other ailments.
Walmart’s stock climbs into record territory after new top bull says to keep buying
Shares of Walmart Inc. climbed into record territory Wednesday, after the discount retailer’s management did its job to convince investors of the strength of its business and growth initiatives.
Tech selloff has erased $1.1 trillion of ‘Magnificent Seven’ market cap in 5 days
The seven Big Tech companies collectively have shed more than $500 billion in market cap on Wednesday alone.
5 of 12 Fed districts report flat or declining economic activity, Fed’s Beige Book finds
U.S. economic activity seemed to soften in the past two months, with five of the 12 Fed regions reporting flat or declining activity, a Federal Reserve survey released Wednesday found.
T-bill and chill: Americans are holding a record $2.4 trillion in Treasurys
U.S. households own more Treasurys than ever before as investors have sought to profit from Federal Reserve interest-rate hikes.
People may be devouring $5 value meals, but such deals can hurt McDonald’s and other restaurants’ bottom lines, analyst says
As more chain restaurants offer discounts and deals to woo inflation-weary customers, a prominent industry expert is warning that they may soon pay a price in terms of their bottom lines.
Stocks do better when Congress is in recess — like now
Wall Street welcomes Washington’s summer break.
Roche obesity-pill trial results weigh on shares of Eli Lilly, Novo Nordisk
Shares of weight-loss drug developers including Eli Lilly & Co., Novo Nordisk and Structure Therapeutics fell sharply early Wednesday after Roche Holding AG announced early-stage trial data for its experimental obesity pill.
Industrial production surges again amid high demand for air-conditioning during heat wave
Industrial production rose in June for the second month in row, driven by rising car sales and high demand for air-conditioning during a summer that has seen especially hot weather.
Waller says Fed getting closer to cutting interest rates as inflation slows
Federal Reserve Gov. Christopher Waller said the central bank is “getting closer to the time when a cut” in interest rates is warranted, but he still wants more evidence that inflation is slowing before he’s ready to move.
U.S. stock market’s 2024 rally gets ‘healthier’ as breadth broadens and small-caps soar
The U.S. stock market’s breadth is improving, a positive sign for the momentum of the rally so far this year, according to BofA Global Research.
U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues
Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group both rose on mostly positive quarterly results.
Why Intel’s stock is bucking the semiconductor sector’s worst selloff since 2022
Intel and GlobalFoundries could benefit from potential semiconductor-industry restrictions on China and Taiwan.
This major Treasury market shift could signal serious pain ahead for stocks
An inverted Treasury yield curve is supposedly a harbinger of recession. Does this mean that, when the curve un-inverts, it is tantamount to the market sending the all-clear signal?
This small-cap stock-market rally is remarkably unusual. That’s why it has ‘further to run’
The rally for small-cap stocks over the past week is a historical and statistical outlier that marks a ‘dramatic’ shift in investor sentiment, says a widely followed Wall Street analyst.
Johnson & Johnson stock turns up after profit beat, while outlook was mixed
Johnson & Johnson’s stock climbed back into the green in early trading Wednesday, after the drugmaker beat second-quarter profit expectations but trimmed its full-year outlook.
‘She screamed and raged at me’: I have power of attorney for my mother’s $3 million estate — but my sister feels sidelined. How do I get her off my back?
“I want to act ethically and responsibly on behalf of our mother.”
Traders seek clues on likely pace of eurozone rate cuts
The European Central Bank is expected to stand pat on interest rates after its policy meeting on Thursday, emphasizing that it is prepared to be cautious in trimming borrowing costs further without more evidence that inflation will hit its 2% target.
U.S. stocks are headed for their calmest stretch since 2007, by one measure. What that means for your portfolio.
An unusually tranquil stretch for U.S. stocks is poised for a new milestone on Wednesday just as the rally appears to finally be broadening out beyond a handful of megacap names.
Nearly half of U.S. adults struggle to afford healthcare, research shows
Nearly half of U.S. adults are struggling to cover the cost of prescription drugs and doctor visits, new research shows, marking a new low for healthcare affordability.
Druckenmiller may have done it again, loading up on small caps before Great Rotation. Analysts say the move isn’t done.
The star investor seems to have correctly made a giant call.
Vans parent VF Corp. sells Supreme skating brand to France’s EssilorLuxottica for $1.5 billion in cash
‘Strategic portfolio review concluded there are limited synergies between Supreme and VF, making a sale a natural next step,’ says CEO
HSBC appoints current finance chief Georges Elhedery to CEO
The Lebanese born banker, who first joined HSBC in 2005, had been seen as the natural successor to Quinn who announced he would be stepping down in April
‘I’ve been locked in a battle to recoup my money’: My debit card was cloned and charged $2,300, but my bank insists my actual card was used. What can I do?
“At the time, I only had one family member in the state and they did not have access to the card.”
This stunning, beautifully designed Hudson Valley country estate could be yours for $22.5 million
The property sits on 127 acres rich with history and includes a historic and beautifully restored Dutch barn from the 17th century.
No, waiting to claim Social Security is not a ‘big con’ — even if a TikTok finfluencer says it is
Yes, sometimes it makes sense to claim at 62 — but there’s a catch.
Did Trump actually say he would let Powell serve out his full term? Look closely at his response
The former president shared his thoughts on the dollar and Jerome Powell in an interview with Bloomberg Businessweek.
Traders trim Bank of England August rate cut chances after U.K. inflation data
The British pound rose on Wednesday as an August interest rate cut by the Bank of England was considered slightly less likely after U.K. inflation for June matched the central bank’s target but was a touch faster than economists’ forecasts.
Inflation won’t fall to 2% but stocks should get a lift from a growing economy
Good news for the U.S. economy, plus this being a presidential election year, set the stage for higher equity prices.
State of corruption: With conviction, Sen. Robert Menendez joins long list of scandal-scarred New Jersey politicians
New Jersey Sen. Robert Menendez’s conviction on corruption charges adds his name to a long list of disgraced politicians tarnished by scandals in the Garden State.
I don’t need the money from my IRA right now — should I do a Roth conversion to avoid RMDs?
A pension, Social Security and military retirement pay cover our expenses
Prime Day means injuries for almost half of Amazon warehouse workers, Senate investigation finds
For Amazon, the annual sale event leads to massive revenue. For warehouse workers, it leads to injuries, lawmakers say.
Why gold prices look to smash more records
Gold climbed sharply on Tuesday as bets for U.S. interest-rate cuts prompted prices to touch fresh record intraday highs, and some analysts touted long-term prospects for further gains in the precious metal.
These Trump-linked crypto tokens have surged, but here’s the catch
Crypto traders have been doubling down their bets on a Donald Trump victory in November’s U.S. presidential election.
‘We don’t need a Republican Bernie Sanders’: Why Trump’s choice of Vance spooks Wall Street
Donald Trump’s choice of Sen. J.D. Vance as his running mate has some investors and executives worried that a second Trump administration could be far less friendly to corporate America than the first, given the Ohio Republican’s history of populist rhetoric and...
Warner Bros. Discovery to miss out on ‘about $600 million of profit’ a year if it loses the NBA
TNT recently signed deals to show the French Open as well as more college sports.
Bond fund managers absolutely can beat an index fund — but most don’t
Bond managers, on average, lag the market over time regardless of whether interest rates are rising or falling.
The Nvidia-led AI gold rush is paydirt for these data-center growth stocks
Providers of AI infrastructure ‘picks and shovels’ stand to benefit from growing demand.
Traders pivot back to multiple rate-cut view, reviving one of 2024’s biggest trading themes
It didn’t take long for one of the biggest and most important trading themes at the start of 2024 to come back in the minds of investors and traders, after having faded a month ago.
20 value stocks with high dividend yields and expected room to raise payouts
Last week’s action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.
Oil prices fall a third straight day as China data fed worries over demand
Oil futures on Tuesday were on track to stretch their losses into a third consecutive session, as investors worried about demand from China, the world’s second-largest consumer of crude.
More builders slash home prices as confidence in the market falls to seven-month low
Builder sentiment fell as mortgage rates stay elevated, the National Association of Home Builders said.
Hugo Boss shares sink as company becomes latest fashion seller to cut guidance
Hugo Boss shares fell sharply on Tuesday after the suit seller followed rivals Burberry and Swatch Group in cutting its guidance over concerns that a slump in the global economy is set to hit sales in key markets including the U.K. and China throughout the remainder...
This is what a Trump White House could mean: From tech M&A to tariffs and Tesla
A victory for Donald Trump in the November presidential election could have widespread implications for a host of industries, from big tech M&A to electric vehicle makers, say analysts.
Retail sales fall flat in June due to lower gas prices and auto cyberattack
Sales at U.S. retailers were flat in June because of falling gas prices and a nationwide cyberattack on auto dealers, but most other stores showed an increase in spending in a sign of stable economic growth.
Macy’s junk bonds that would pay off in the event of a takeover fall after talks end with private-equity suitors
Macy’s outstanding high-yield bonds were trading mixed on Monday after the company said it has ended takeover talks with two private-equity suitors after they failed to come up with a compelling enough offer and committed financing.
Four deep value stocks flagged as this asset class seeks a comeback
Miller Value Deep Value Strategy flags small-cap diamonds in the food, energy and media sectors.
5 strategies for a midyear financial tune up
Uncover blind spots and clarify your goals
Trump’s VP pick J.D. Vance is seeing his ’Hillbilly Elegy’ book sales soar again
J.D. Vance now tops the Amazon bestsellers list for his 2016 book. ‘I wouldn’t be surprised if Vance outsells Stephen King this year.’
Biden proposes nationwide rent cap to lower housing costs, experts say it’s counterproductive.
President Joe Biden has proposed capping rent increases nationwide to 5%, in an attempt to reign in surging housing costs. But housing experts are calling it counterproductive.
‘King of Queens’ star Leah Remini just sold this Studio City mansion for $9.3 million: Take a look
The elegant home features a black, white, and gray color scheme; custom millwork and a guest cottage.
Ocado shares rally as British online grocer narrows losses
Ocado shares increased sharply on Tuesday following a crash in its share price on Monday after it was downgraded by analysts
New pro-Trump super PAC reportedly has Elon Musk’s support after raising millions in Q2
A new super PAC supporting Donald Trump’s presidential run has the backing of a number of tech and finance figures, and multiple reports contend that Elon Musk will soon join them.
Chinese central bank’s new policy tools let it act more like the Fed
Chinese central bank’s new policy tools let it act more like the Fed
Options traders flash rare bullish signal for small-cap stocks
The options market is sending an encouraging message for small-cap investors: The latest stock rally might have room to run.
Immigration is soaring. Here’s what it’s doing to the labor market.
Millions of immigrants are entering the country and joining the workforce.
Why the ‘Trump trade’ is boosting bitcoin, and what’s next for the crypto
Bitcoin jumped on Monday as investors raised their bets on Donald Trump’s potential victory in the presidential election in November.
‘Capacity missteps’ and fare promotions are plaguing major U.S. airlines
U.S. airlines have struggled with weakness in the domestic market, facing a mismatch between capacity and demand that is casting a shadow over the second half of the year.
How Trump assassination attempt is helping lift gold prices toward record highs
Gold futures inched closer to fresh record highs on Monday, as the assassination attempt on former president Donald Trump raised political uncertainty, boosting safe-haven demand for the precious metal.
Investing in real estate isn’t all it’s cracked up to be
This asset class went 68 years with no net gain
Are AI stocks overvalued? Investors think so — but still expect tech outperformance
Retail investors still believe in the tech sector, but expect volatility in the second half of the year.
From Trump’s DJT to crypto plays, these stocks are climbing after failed assassination attempt on former president
Market speculation over former President Donald Trump’s re-election chances following an attempted assassination were driving up the price of bitcoin and several stocks on Monday, including a massive rally for his social-media group.
The time may be right for value stocks — here are Wall Street’s favorites
Investors have been looking beyond Big Tech in recent trading, signaling a possible shift to a value focus
This is not a scam: Social Security needs you to update your account
A recent email from the Social Security Administration may look suspicious, but it’s real.
Goldman Sachs profit more than doubles on stronger dealmaking as bank sees more opportunity ahead
Bank approves 9% boost to quarterly dividend, to $3 per share starting in the third quarter.
How Apple’s stock can reach $300, according to Wall Street’s new biggest bull
Analyst upgrades Apple shares, saying the company can capitalize on generative AI to spur device sales like it did with digital music and social media.
AutoNation issues profit warning after disruptions from CDK cyberattack
AutoNation said Monday that it expects the recent cyberattack at dealership software company CDK Global to shave about $1.50 off its June quarter per-share earnings.
Why AMD’s stock finally faces an attractive setup after a volatile run
TD Cowen says AMD’s data-center business has a chance to shine as pressures ease on other segments.
Ascend Wellness announces one of the largest debt deals ever among cannabis companies
Ascend Wellness is using proceeds of $235 million debt offering to prepay a three-year note.
Macy’s stock tumbles after takeover talks with Arkhouse and Brigade were ended
Macy’s stock tumbled early Monday, after the department-store chain said it terminated talks with private-equity firms Arkhouse Management Co. LP and Brigade Capital Management LP after failing to reach a compelling deal with committed financing.
New York Empire State factory gauge contracts for eighth straight month in July
Index falls slightly to negative 6.6, slightly below forecast
SolarEdge to cut 400 jobs, or about 7% of its workfoce
Company cites weak market conditions in Europe.
Cleveland Cliffs stock down 6% after steel producer says it’s buying Canada’s Stelco in $2.5 billion cash-and-stock deal
Stelco ships about 2.6 million net tons of flat-rolled steel annually, primarily hot-rolled steel to service center customers.
Apple’s sales increase by a third in India to $8 billion: report
Apple’s sales have reportedly surged to around $8 billion in the year ending in March compared to $6 billion a year earlier.
‘It’s a very ugly American trait’: I cried foul when basic-economy passengers grabbed premium-economy seats. The airline has finally shown me respect.
“That woman and her mother were selfish and self-interested, and believed that they were entitled to get those seats.”
Are you wealthy, or just rich? Here’s how to tell, according to financial advisers.
“I know folks who make seven figures a year … but are a couple of missed paychecks away from bankruptcy,” one financial adviser says.
‘I want to get control of her money’: My brother left my sister and me $3 million, but she is in hospital with schizophrenia. Will this inheritance be the worst thing for her?
“At the moment, we are both in Florida, but the inheritance is in a California probate court.”
There’s something about this house: Cameron Diaz and Benji Madden are asking $17.8 million for their lush Beverly Hills estate
The forested farmhouse compound in Benedict Canyon is a slice of paradise, with an entire wing devoted to the primary suite.
Dow futures edge higher after Trump assassination attempt
U.S. stock-index futures saw a modest rise Sunday night, as financial markets reacted to an apparent assassination attempt on former President Donald Trump a day earlier at campaign rally.
Families will spend as much on back-to-school shopping this year as they do on holiday shopping. ‘That hurts.’
Ten percent of shoppers said they’ll likely go into debt to pay for school supplies this year.
Burberry shares sink as CEO exits amid profit warning and dividend suspension
Burberry shares sank on Monday after the U.K. luxury fashion group said it’s chief executive officer will be replaced, following a profit warning and suspension of its 2025 dividend.
Google parent Alphabet may buy cloud-security startup Wiz in $23 billion deal: report
Google parent Alphabet Inc. is poised to make its largest acquisition ever, the Wall Street Journal reported Sunday, with a roughly $23 billion deal to buy cybersecurity startup Wiz.
Photos of bloodied Trump after rally shooting are already iconic — and selling on T-shirts
There’s speculation the Trump campaign may also try to capitalize on the imagery: “That picture is going to be one for the century.”
Postage rates increase to 73 cents today. Here’s why snail-mail loyalists don’t care.
This marks the second rate hike the U.S. Postal Service has instituted this year alone.
For stock market, Trump rally shooting pits election odds vs haven demand
A dark day in U.S. history will offer a test for financial market participants as they react to an apparent assassination attempt on former President Donald Trump.
High stakes for investors as Fed tries curing inflation without causing a recession
The seemingly impossible task facing the Federal Reserve and Chairman Jerome Powell is to achieve a decisive victory against inflation, without pushing the world’s largest economy into a recession or, at least, a deep and prolonged one.
Is Netflix’s next big rival YouTube?
Netflix Inc. reports second-quarter results on Thursday, as a bigger portion of Wall Street concludes that it has essentially won the streaming wars.
Elon Musk, Bill Ackman say they are endorsing Trump for president
Hedge-fund manager Bill Ackman and Tesla CEO Elon Musk have said they would support the re-election campaign of former President Donald Trump’s.
Bitcoin surges and reclaims $60,000 level after shooting attack on Trump
Bitcoin, which trades around the clock, surged after former President Donald Trump was shot, potentially a reaction both to the perceived increased likelihood the Republican will win as well as to a more unstable political environment.
For these people, turning 65 means falling off the ‘Medicare cliff’
Losing Medicaid coverage leaves some older adults facing higher medical costs.
Whatever the inflation reports say, the Fed has no business lowering rates now
Fed policymakers appear to have lost touch with economic reality.
Nvidia’s stock is soaring largely thanks to Microsoft, Alphabet and tech’s other AI giants. That won’t last.
Companies are spending big to develop their own AI chips so they don’t have to keep paying Nvidia.
Serena Williams once tried to deposit a $1 million check at her bank’s drive-through. Here’s why you can’t do that.
Large deposits do not go unnoticed by financial institutions — and for good reason, experts note.
It’s time for Gen X–ers nearing 60 to give their retirement plans a reality check
The oldest members of Generation X are hitting a key retirement milestone, but they may be on a “collision course.”
Social Security’s 2025 COLA is forecast to be lower than in 2024
The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.
Social Security depends on immigrants — especially those in the U.S. unlawfully
How immigrants subsidize Social Security for the rest of us.
People who do these two things at work are nearly 60% more likely to live longer
A 13-year study of more than 10,000 middle-aged U.S. adults found that these habits were associated with longer life
Time is running out for boomers behind in their retirement savings — but here’s what you can still do
Don’t give up just yet, advisers say: “The next few years are so crucial to get right.”
Berkshire Hathaway shares close at record high in latest triumph for value stocks
Berkshire Hathaway shares reclaim record territory on Friday for the first time in months, boosted by investors’ growing appetite for value stocks.
These popular TikToks correctly picked winning stocks. Here’s why it’s not that impressive.
The majority of stocks picked in 2023’s most popular stock picking TikToks ended up profitable.
Small-cap stocks get some revenge after Big Tech rally pauses. How long can they keep it up?
Investors this week dumped megacap technology stocks and turned to roughed-up corners of the market. What do investors need to know before piling into small caps?
Stock market’s long-awaited Great Rotation needs to overcome this nagging worry
Bulls hope they just witnessed the start of a major rotation away from a narrow band of Big Tech winners to unloved parts of the market. But will the consumer play along?
Why you’ll want to stay bullish on stocks — even at these heights
S&P 500 fundamentals point to continuing gains.
I’m 55, divorced and make $500K. I want to buy a house in Seattle, but don’t have a 20% down payment. What are my options?
“I have $1.5 million in retirement accounts, but just $160,000 in savings. I currently pay $4,000 in rent.”
‘Their relationship was solid’: My friend died, leaving his $500,000 life insurance to his sister. Before he died, his wife had asked him to leave it to his son. What now?
“Their relationship was solid without any drama or suspicion.”
Salesforce and other software stocks are expected to bounce back in a big way
This year’s rally for technology stocks hasn’t been broad-based. Analysts see opportunities among some of the software companies that have been left behind.
5 things investors learned from JPMorgan Chase’s earnings
Despite record levels for stock prices and rising bullishness on Wall Street, JPMorgan Chase didn’t stray from its more conservative outlook on the risk to the economy from inflation, geopolitical upheaval and other potential pitfalls.
Meta to lift restrictions on Trump’s social-media accounts ahead of election
Facebook and Instagram parent Meta Platforms Inc. on Friday said it would lift restrictions placed last year on the social-media accounts of former President Donald Trump — a move the company said is intended to level the playing field for this year’s presidential...
The Summer Olympics are near — and you’ve got less than a week to save $2 on Peacock
Peacock, which will stream every Olympics event live, will raise prices by $2 a month starting July 18.
Did hackers get your cellphone number from AT&T? Be extra vigilant about these money-related scams.
As “a general rule,” people should be on guard about unfamiliar senders and suspicious texts, AT&T said.
StubHub delaying IPO due to ‘tricky’ market conditions: WSJ
StubHub is postponing its initial public offering until at least September because of “tricky” market conditions, according to a Wall Street Journal report Friday that cited one person familiar with the matter.
Nvidia’s stock bounces back and could rally another 30%, analyst says
Nvidia’s stock bounced Friday as investors shook off the jitters that led to a massive selloff in megacap technology companies in the previous session.
Biden’s other gaffe
The president didn’t do much to dispel his opponents’ claims that his policies fueled inflation.
After Starlink mission hits problems, SpaceX says satellites will re-enter Earth’s atmosphere and ‘demise’
The Starlink satellites were deployed at a lower-than-intended orbit Thursday night because of a rocket problem.
Corn prices touch a nearly 4-year low, then rise as USDA lifts demand forecast
Corn futures turned higher in Friday dealings, finding support from data showing that U.S. corn use, a proxy for demand, rose more than supply — prompting prices to give up early losses that had pulled them to their lowest level since 2020. In its monthly World...
These are the biggest danger zones in your home as you age. Here’s how to make them safer.
Many of us would like to age in place, but will it be possible?
My wife and I are in our late 60s. Should we downsize now — and ditch our attractive 1.8% mortgage rate?
“We have IRAs of $1. 2 million, stock investments of $50,000 and $30,000 in cash in a local bank.”
This investment fad looks good, but the math says you should probably avoid it
Also: Estate planning mistakes, a hot bond market and a possible rotation for stocks.
Fisker, Invitae and other fallen ‘unicorns’ are casualties of Silicon Valley’s broken venture capital system
Startup funding meltdown could be severe, depending on how long the AI bubble lasts.
Biden and Trump are split on a key issue that could be a ‘wildcard’ for gas prices
This may come as a surprise to some: U.S. presidential elections and policies don’t impact the short-term cost of gasoline at the pump, according to Patrick De Haan, head of petroleum analysis at GasBuddy.
Consumer sentiment falls to 8-month low on frustration with inflation
Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year.
‘Our wills are an open book’: We have a net worth in the millions and promised our three children a free education. Some of our kids are now crying foul.
“We are now 70, have a few health issues and do not want to be a financial burden to our children as we age.”
Want 16-year-old soccer wunderkind Lamine Yamal on your team? It will cost you $1 billion.
Yamal’s release clause is by far the most expensive ever. Would a team actually pay it?
Why your grocery bill could be getting lower
PepsiCo and Conagra are among the companies dropping prices in response to inflation-weary consumers
Not sure how to invest? Be a Dorothy, not an Alice.
Set a goal for your investments and keep these four things in mind
OK, boomer: You’re hoarding your nest egg, but your kids need financial help now
A viral X post asking whether to give your beneficiaries the money today, or let them wait to inherit it, has drawn more than 10 million views
Oil prices higher after cooler inflation data
Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected June consumer-price index reading that reinforced expectations for the Federal Reserve to begin cutting...
AT&T’s stock slides 3% after company discloses hack of calls and texts
The company said that the hacked data “does not contain the content of calls or texts, personal information such as Social Security numbers, dates of birth, or other personally identifiable information.”
Tech stocks could see a Brexit-like rerun, this fund manager says. A big test is brewing.
Lake Cornelia Research Management’s chief investment officer Judd Arnold says stocks could be looking at a repeat of recent history if an unwind of a popular trade continues on Friday.
Report of assassination attempt brings Europe’s thriving defense stocks into focus
A CNN report that Germany, with the help of U.S. intelligence, foiled an assassination attempt on the chief executive of an arms manufacturer helps bring the surging stock-market gains of the European defense sector into focus.
‘Big Short’ investor Steve Eisman says shorting current market would be ‘insanity’
Eisman, who was played by Steve Carell in the 2015 movie ‘The Big Short,’ played down concerns about the current economy as he argued AI will boost the world’s top tech companies
Traders piled into bets against small-cap stocks at exactly the wrong time
History suggests the unloved group of stocks could outperform once the Fed cuts interest rates, which now looks increasingly likely.
Cathie Wood has been pleading for rate cuts. Her flagship fund missed the rally.
Thursday should have a banner day for Cathie Wood. It wasn’t for her flagship fund.
Biden praises U.S. economy’s strength as he insists he’s staying in race. He also referred to Kamala Harris as ‘Vice President Trump.’
President Joe Biden spoke Thursday at a much-anticipated press conference as he faces calls to end his re-election campaign following a poor debate performance.
Dollar General to pay $12 million fine and take steps to make its stores safer
Dollar-store chain Dollar General Corp. has agreed to pay $12 million and take more steps to make its workplaces safer, following longstanding complaints over working conditions, the Department of Labor said Thursday.
One part of the housing market is doing brisk business, says analyst who called 2008 housing crash
“It’s been a rocket ship,” Ivy Zelman, the chief executive of Zelman & Associates, a research firm focused on the housing industry, said Wednesday.
Oil prices end higher as CPI data boost Fed rate-cut expectations
Oil futures finished higher on Thursday to tally back-to-back session gains as a decline in a key U.S. inflation gauge fueled expectations for interest-rate cuts this year that may lead to a rise consumer energy demand.
Fight for your right: Beastie Boys sue Chili’s for using song ‘Sabotage’ in ad without permission
The seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.
Costco shares have reversed lower after their membership-fee rally. That’s actually normal, analysts say.
When Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such a move cheered the news. Yet on Thursday, the stock fell.
As Costco charges more for membership, here’s how much it has gone up since Ronald Reagan was president
Costco membership fees are going up to $65 for its Gold Star plan, and $130 for its Executive plan, representing a roughly 8% annual increase
Tesla’s stock falls on reported Robotaxi delay, while Uber and Lyft shares rise
Tesla Inc.’s stock fell more than 6% on Thursday afternoon on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
The CPI fell in June. Great! But the Fed wants confirmation from its favorite inflation gauge.
The first decline in consumer prices in four years is just an hors d’oeuvre for the Federal Reserve. Its appetite to cut U.S. interest rates won’t be fully sated until the Fed gets more weak readings in its preferred inflation gauge.
Tech selloff may drive Magnificent Seven’s worst day since 2022 by this metric
Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.
Intuitive Machines’ stock climbs 9.3%, on pace for longest winning streak since March
Shares of Intuitive Machines, which is currently up seven of the last 10 days, rose on no apparent news Thursday.
Free checking isn’t free: How your bank could be stiffing you out of $831 a year
Low-paying checking accounts cost Americans $103 billion in lost interest.
SoundHound’s stock pops again en route to best two-day stretch since March
The company recently announced live voice-assistant integrations with carmakers in Europe.
Trump could ‘seek vengeance’ on Powell, Fed for September rate cut
If Federal Reserve Chairman Jerome Powell and his fellow board members “proceed with an interest rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”
Ether could jump 90% following ETF approvals, even if the funds lack popularity of bitcoin
Ether ETFs, which could arrive as soon as next week, are unlikely to see as much demand as their bitcoin counterparts. However, they are still likely to drive up ether’s price by up to 90%.
Jobless claims drop sharply to lowest level since late May
The weekly decline in claims is the highest since last September.
Conagra’s stock drops after sales miss as frozen, refrigerated food prices fall
Conagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye reported quarterly revenue that fell short of forecasts and provided a downbeat profit outlook.
Why AMD’s stock has been on a recent tear — and how it can keep cruising
AMD shares could continue to benefit from upbeat PC-chip trends and more realistic AI-revenue expectations, according to an analyst.
Investors stay subdued as China prepares to outline plans for economy
The Chinese Communist Party is set to outline its plans for the future of China’s economy at its upcoming Third Plenum meeting which starts on July 15
Vista Outdoor again urges shareholders to vote for sale of ammunition business to CSG
Vista Outdoor Inc. on Thursday urged shareholders to vote in favor of its proposal to sell its Kinetic Group ammunition business to the Czechoslovak Group, a Czech conglomerate, at a coming special meeting.
Delta Air Line’s stock falls after a profit miss and a downbeat revenue outlook
Delta Air Lines’ stock took a dive toward a four-month low in premarket trading Thursday, after the air carrier reported second-quarter profit and load factor that missed expectations, and provided a downbeat revenue outlook.
There’s a very short window to bet against the dollar, says Goldman Sachs.
Should inflation behave as economists expect, there may be a window — a very brief window — to bet against the U.S. dollar, according to a senior Goldman Sachs strategist.
UBS recommends these options trades to sponge off rival earnings reports
UBS offers a strategy to profit from what they call “gamma rentals” — the idea of earning income by profiting off the volatility rather than the direction of the underlying asset
‘She lives in squalor’: My mother, 90, says I want to commit her to an ‘insane asylum’ so I can take all her assets — yet her doctor says she’s fine. What now?
“She’s had an untreated abscessed tooth for over a year and she’s been scammed out of more than $5,000.”
IEA trims oil-demand outlook for 2025 as it sees supplies rising further next year
The Paris-based agency says demand for oil be lower next year, while supplies continue to grow.
Robert Redford’s wife is selling this idyllic cabin retreat in Sundance, Utah, for $3.9 million
The charming home showcases Mount Timpanogos views from every room and includes an art studio.
7-Eleven owner posts profit drop on weak North American earnings
Seven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor in the U.S.
Costco stock rallies after membership fees raised for first time in 7 years. But high expectations could limit gains, analyst says.
The warehouse retailer gave the investing world what it wanted — announcing its first fee hike on millions of its shoppers since 2017.
Britain makes biggest overhaul of listing regime in decades
The U.K.’s Financial Conduct Authority outlined its new listing rules with a view to reinvigorating the country’s troubled capital markets via the biggest overhaul in decades
Wall Street is becoming more skeptical of artificial-intelligence hype helping to power stocks
After 18 months of hyping up artificial intelligence and its potentially transformative impact on both corporate profits and human productivity, Wall Street appears to be turning more skeptical.
Republicans say that limiting immigration will help reduce inflation. Economists aren’t so sure.
Securing the border and undertaking “the largest deportation operation in American history” are key focuses of the Republican Party’s new plan to “quickly bring down all prices” for inflation-hit consumers and businesses. But economists say that these policies may not...
The stock market now is ‘numb to all news’ — but the trend is still your friend
The U.S. market is due for a correction, this veteran trader says — but he’s staying invested.
They don’t make $1.8 million houses like they used to: Home inspectors use TikTok to reveal ‘shoddy’ new homes
In TikTok videos, home inspectors are highlighting flaws in newly built homes, some of which can cost upwards of $1 million.
Cannabis ballot measures brewing in North Dakota, Nebraska and Arkansas: reports
Proposals range from adult-use pot to introduction of a medical-cannabis program.
While Carvana’s stock is soaring, bondholders see a good time to exit
Carvana, which almost went out of business in 2022, has staged an impressive turnaround.
These bitcoin miners are expanding into AI. Why they may be a good buy despite the crypto’s selloff.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Privatization is taking over Medicare — and it cost taxpayers an extra $61 billion last year
Privatization is taking over Medicare — and it’s a poor deal for the rest of us
NASA astronauts ‘confident’ in Boeing Starliner’s ability to get them home safely
NASA astronauts Butch Wilmore and Suni Williams are confident in the ability of Boeing Co.’s Starliner spacecraft to bring them back to Earth in an emergency despite ongoing tests into issues with the spacecraft that have extended their stay on the International Space...
AMD looks to ‘move fast’ and swipe at Nvidia with its purchase of Silo AI
Acquiring Europe’s largest private AI lab is AMD’s most expensive AI-focused purchase so far.
Oil prices inch higher as crude stockpiles fall for a second straight week
Oil futures headed higher on Wednesday, finding support after official U.S. data revealed a weekly decline in crude inventories for a second week in a row.
Visa and Mastercard shares draw downgrades as BofA analyst breaks from the pack
BofA sees a potentially more volatile regulatory landscape as well as limited valuation upside.
Target won’t take your paper checks anymore, but these major retailers will. The humble check isn’t dead yet.
Target will stop accepting checks July 15, but several major retailers told MarketWatch they still take personal checks.
The Fed said it needs more low-inflation signs to cut interest rates. The CPI might deliver one.
The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s likely to get another one on Thursday.
Manchester United’s losses jump and revenue falls with fewer games played
Shares of Manchester United fell Wednesday after the U.K.-based soccer club reported a big jump in fiscal third-quarter losses and a drop in revenue due primarily to fewer games being played.
Here are the best and worst U.S. airlines, according to passenger complaints
Customers lodged 61,233 complaints against U.S. airlines in 2023, new Transportation Department data shows, with this airline getting the most gripes.
Carvana’s stock is up 2,700% over 18 months. Here’s the case for more upside.
Needham upgrades Carvana shares, saying the company is a “secular growth story with a cyclical-recovery kicker.”
Fear of missing out could spark a parabolic melt-up. This manager likes Nvidia and some non-tech plays.
Jim Worden, chief investment officer of the Wealth Consulting Group, is watching out for a lot of money to go rushing back into stocks, lifting all boats.
Virgin Galactic’s stock rises as company completes manufacturing facility for new Delta spacecraft
Virgin Galactic says that commercial operations of its new Delta spacecraft will begin in 2026.
Honeywell to buy Air Products’ LNG business for $1.81 billion in cash in fourth deal of 2024
The deal will add a portfolio that includes in-house design and manufacturing of coil-wound heat exchangers and related equipment.
Mortgage demand dips as rates stay at 7%. This is ‘the absolute best thing we can do for the housing market,’ Fed Chair Powell says.
Mortgage applications fell 0.2% in the last week, the Mortgage Bankers Association said.
Norwegian maker of missiles and marine equipment reports profit boom
Shares of Kongsberg Gruppen rallied on Wednesday as the Norwegian maker of defense systems and marine equipment said it benefited both from increased defense spending and the green energy transition.
Immigration surge has bolstered economy, generated little inflation, regional Fed bank finds
A wave of immigration has bolstered the economy while generating little inflation, a new report from a regional Fed bank finds.
‘I’m not jealous — just genuinely curious’: How can a woman work from home and mind her 3-year-old child at the same time?
“What do you all think about employees who work from home and have little kids to watch at the same time?”
‘Wholly unique’: This midcentury marvel in L.A., an architectural riddle, floats on to the market for $2.3 million
The 1960 home built on what had been deemed an unbuildable hillside is a testament to ingenuity, engineering, and architecture.
TSMC outstrips forecasts in posting 40% surge in second quarter sales
The Taiwanese chipmaker has seen its sales buoyed by the race to develop new AI infrastructure
LegalZoom’s stock slides as company cuts sales outlook, announces new CEO
LegalZoom said now is the right time for the move as it “increases its focus on shifting towards subscription-based revenue to drive long-term profitable growth.”
China consumer inflation stays tepid, factory-gate prices continue to fall
Wednesday’s figures came as no surprise for many economists, who expect inflation to stay low throughout the year as a drawn-out property slump continues to dent consumer confidence and spending.
Buy this healthcare company’s stock because it’s an AI play, analysts say
A number of Wall Street analysts on Tuesday made bullish calls on the shares of a newly public healthcare company that uses artificial intelligence to differentiate itself in the cancer-diagnostics space.
Hopes for cooling inflation are stifled by Wall Street’s expectations for Trump 2.0
Just as many investors and traders remain sanguine about the prospects of cooling U.S. inflation when Thursday’s consumer-price index for June comes out, Wall Street is pointing to the potential inflationary impacts of a second presidency under Republican Donald...
As Hurricane Beryl makes ‘explosive start’ to hurricane season, these disaster-recovery stocks are in the spotlight
Hurricane Beryl, which made landfall on the Texas coast Monday, is the first hurricane of what is expected to be an above-normal Atlantic hurricane season.
Some Airbnb users feel like its rating system is wildly inaccurate. Here’s why.
Human psychology means that Airbnb users often leave reviews that don’t necessarily accurately reflect their experience.
Tesla’s stock continues to cruise — toward its 10th day in a row of gains
The stock has increased by more than 40% over the current 10-session stretch of gains.
‘I’m waiting for them to pay us to eat’: Fast-food chains are now offering items for as low as $1.99
Sonic and Subway have recently launched menu options in the $2 to $3 range.
Boeing’s Q2 airplane deliveries dropped more than 30% from last year
Boeing reported second-quarter commercial airplane deliveries that improved from the previous quarter, helped by a strong June, but fell more than 30% from a year ago.
‘Crash proof’ your portfolio with these 10 stocks and 3 ETFs
Hedging against a market downturn comes at a price.
Is my boss a narcissist? Watch out for warning signs that say: ‘I don’t care what happens to these people’
Ramani Durvasula, author of “It’s Not You: Identifying and Healing from Narcissistic People,” says some industries attract more narcissists than others. Is yours one of them?
Amazon Prime Day will have more travel deals this year. Here are the good ones — and the ‘terrible’ ones.
Amazon Prime Day, which runs July 16 – 17, will have a landing page for travel deals.
Silicon Valley Bank buyer First Citizens seen as value play among bigger firms
Jefferies initiates coverage of North Carolina-based lender with a buy rating
Oil prices edge lower after Beryl leaves energy infrastructure largely unscathed
Oil futures lost ground Tuesday after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage.
Software company UiPath announces layoff of 400 employees
The move may include up to $25 million in expenses.
Novo Nordisk’s stock slumps after study finds Wegovy lags Lilly’s Mounjaro in speed and scale of weight loss
The stock of Danish biotech Novo Nordisk was down 2.2% Tuesday, after a study found that the company’s obesity drug Wegovy lags its main rival, Eli Lilly & Co. Inc.’s Mounjaro, in speed and magnitude of weight loss.
Prescription-drug middlemen face more pressure from FTC in new report
The Federal Trade Commission on Tuesday ramped up the pressure on prescription-drug middlemen who influence the accessibility and affordability of medications.
Why Schwab’s stock is getting new respect from Wall Street analysts
KBW joins the ranks of analysts who see banks benefitting from a Fed rate cut.
Koss’s stock set for another day of losses after spiking on rumors of interest from Roaring Kitty
Koss shares continued their slide in premarket trades Tuesday.
Helen of Troy’s stock rocked as hair-care weakness leads to big earnings miss
Helen of Troy’s stock plummeted toward a record one-day selloff, after the consumer products company reported a big fiscal first-quarter earnings miss and slashed its full-year outlook, amid particular weakness in its beauty and wellness business.
Investors are bracing for an action-packed week in markets. Here is what to watch for.
Investors better buckle up, because markets could be in for a wild week.
A ‘triple-whammy’ threat is building for U.S. stock investors, strategist warns
U.S. stock investors face three big threats: “overvaluation on over-euphoria, misunderstanding the economic reality, and the political aspect,” argues strategist Bill Blain.
‘I made a very stupid mistake’: I spent $50,000 renovating my fiancé’s kitchen prior to buying a 50% share of his home. Now he’s going back on his word.
“My house sold for $337,000 within one day and it was mortgage-free.”
Tesla’s the latest example of options underpricing the possibility of big moves
Tesla shares surged last week when it released surprisingly strong delivery figures — so much so that it was nearly twice as large as its straddle cost.
Sorry, but retiring ‘comfortably’ on $100K is a myth for most people. Here’s why.
There are a lot of ifs involved in just being “okay” at that savings level too.
Tennis star Caroline Wozniacki and David Lee just sold this Miami Beach island penthouse for a whopping $37 million
The building is on an elite island, accessible only to residents, which once included the likes of Oprah Winfrey.
BP joins Exxon in saying weak refining margins will hit second-quarter profits
The British oil major said it expects to take a $500 million to $700 million hit from weak refining margins in the second quarter of 2024
Debt-saddled Thames Water says it has enough money until the end of May
Thames Water Utilities said it has enough money to fund its operations for less than one year, and reported an increase in net debt.
Raw rolling-papers founder Josh Kesselman’s quest: An IPO that doesn’t kill the company’s vibe
Inventive entrepreneur figuring out how to sell shares of Raw to its avid customer base without diluting its brand.
‘History has been made.’ Why promises by Trump, GOP platform to defend crypto are a big deal for the industry.
In a move that could significantly impact the future of digital assets, the Republican Party has included language in its 2024 platform promising to defend cryptocurrency.
This tennis player has made $170,000 so far this year. She’ll make at least $474,000 more this week at Wimbledon.
Lulu Sun had to play in the qualifying tournament to make it into the main draw.
Bond funds on record pace after raking in nearly $400 billion in first half of 2024
Investors are pouring into fixed-income funds as interest-rate cuts by global central banks begin.
I’m 65 and five years away from retiring. Is it worth paying an investment adviser a fee to manage my $1.5 million nest egg?
“They recommend shifting to a 70/30 mix since I plan to work until I’m 70.”
The stock market’s breadth may have already peaked. Here’s why a 20% drawdown could follow.
A few large-cap tech companies continue to drive up the S&P 500, and one strategist believes a significant drawdown for U.S. stocks could be on the way.
UBS leans into Bank of America ahead of micro-focused bank earnings
UBS analysts on Monday called Bank of America the “most interesting money center,” as major banks approach second-quarter earnings season later this week.
Your stocks don’t care about the overall economy. These 2 gauges matter more.
Stock investors emphasize interest-rate trends and investor sentiment.
HilleVax’s stock craters after biotech says it’s scrapping a norovirus vaccine for infants after a failed trial
HilleVax Inc.’s stock cratered 89% early Monday, after the biotech said it would discontinue development of a vaccine against norovirus for infants after a trial missed its main goals.
Airline stocks gain as daily travelers top 3 million, exceeding 2019 high
The airline sector traded mostly higher Monday, after data showed there were more travelers at the end of the July 4 weekend than on any day last year or in 2019.
S&P 500 rally is ‘unusually strong’ in 2024. Here’s why stocks may keep rising.
The U.S. stock market’s rally is facing a test that begins this week with company earnings.
Devon Energy to pay $5 billion for unit of EnCap-backed Grayson Energy
Devon is buying acreage in the Williston Basin, an energy-rich area mostly in Montana, North Dakota and Saskatchewan.
Oil prices move lower as Israel-Hamas cease-fire talks ease supply worries
Oil futures moved lower Monday, slipping after Hamas over the weekend gave its initial approval of a U.S.-backed proposal for a phased cease-fire deal with Israel in Gaza.
Why Nvidia’s stock can scale the ‘wall of worry,’ according to UBS
Nvidia’s stock is staging a sharp rally on an upbeat day for the chip sector.
EV maker Lucid’s stock leaps after deliveries jump 70% in Q2
Lucid’s stock rallied Monday, after the electric-vehicle maker reported a big jump in deliveries in the second quarter.
JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst
Wolfe Research cuts JPMorgan to peer perform and highlights Bank of America as an outperforming stock.
Koss’s stock pares gains after spike amid rumors of interest from Roaring Kitty
Koss shares were down 15.4% in premarket trades Monday, putting it on pace to snap a two-day winning streak.
Ubisoft shares surge on Jefferies’ double upgrade to buy rating
Ubisoft’s strategic pivot towards subscriptions and the release of two new games could boost the French company’s share price, Jefferies analysts said
Momentus’s stock climbs, as space-services company is on pace to snap five-day losing streak
Shares of Momentus, which provides satellite transportation and servicing, jumped in premarket trades Monday.
Corning’s stock soars 7% after company raises Q2 guidance to reflect AI bump
The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024.
Tesla’s upcoming earnings report needs to divulge its AI plans and Nvidia’s role
AI mastery could cement Tesla’s lead in autonomous driving and beyond.
Three reasons bulls should be stoic in the face of legitimate stock-market worries
Ed Yardeni offers three important reasons why investors should be less worried.
‘This feels like a wild approach to estate planning’: My mother wants to leave everything to me — so I can take care of my feckless younger brother
“What are the tax and financial implications of receiving an estate and then passing on a large percentage of it to someone else?”
Troubled Spanish pharma company Grifols says it may go private for $6 billion
Shares of Grifols were halted on Monday, following news the indebted Spanish blood plasma pharmaceutical company may go private.
Hedge funds pile into commodity sensitive stocks at fastest pace in five months: Goldman data
Hedge funds were net buyers of energy and materials stocks for the third week in a row, Goldman Sachs’ analysis shows
This $1.8 million Frank Lloyd Wright home in Kalamazoo, Mich., is a restored masterpiece
This Wright-designed Usonian-style home underwent an $800,000 restoration.
French stocks and bonds slip after deadlocked election
French stocks and bonds slipped on Monday after voters surprisingly rejected a far-right party that led in the first round of voting as the eurozone’s second-largest economy looked set for possibly months of protracted negotiations for control of the country’s...
Carlsberg agrees $4.2 billion Britvic deal after third approach
The third time looks to be a charm for Carlsberg, which announced Monday that it has agreed to take over Britvic in a deal valuing the U.K. drinks giant at £3.3 billion ($4.2 billion).
The rush to exit commercial real-estate funds is going mainstream
The plight of investors looking to pull money out of commercial real estate funds has gone mainstream.
How stock-market investors are making sense of Biden candidacy uncertainty
Stock-market investors are taking uncertainty around President Joe Biden’s candidacy in stride, but analysts see volatility ahead.
This week’s U.S. inflation report could have serious implications for stocks
Like all marquee economic releases, the June inflation numbers could have serious ramifications for markets. But investors will be paying especially close attention this month, as the timing of the Federal Reserve’s first interest-rate cut could hang in the balance.
Wall Street is feeling better than normal about Q2 earnings. Will companies?
As big banks like JPMorgan Chase & Co. and air carrier Delta Air Lines Inc. lead off second quarter earnings reports, Wall Street analysts say profit growth will be just fine.
From Eggo-flavored coffee to freeze-dried candy, here are seven food trends of note
Don’t forget the mushroom-flavored coffee, either
Stock market’s upcoming earnings season may delay ‘overdue’ pullback for S&P 500
The U.S. stock market’s upcoming earnings season should be “solid,” but expecting growth estimates over the next couple months to increase for the second half of 2024 seems “a lot to ask,” according to LPL Financial.
Is the market peaking? Not yet. But we’re getting closer.
10 signs that stocks are short of breath.
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.
I’m a retired cardiologist, 64, with a $9 million net worth. I want to buy my ‘forever home.’ How much should I spend?
“What is the maximum should I safely spend assuming I live into my 80s?”
We’re in our mid-50s and planning to retire soon. We have $2 million saved. How can we extract income from our $900,000 home?
“We have no children or heirs, and have no one to leave our estate to other than charitable causes.”
A surge of new apartments is hitting the market. Renters in these cities stand to benefit the most.
The recent supply surge means apartments are sitting vacant for longer, which means renters are in a good position to ask for discounts.
U.S. presidential election highlights biggest risk to a bond-market rally in the second half
Of all the wild cards in the months ahead for the $27 trillion Treasury market, an increasing U.S. government deficit is regarded as perhaps the greatest long-term risk facing the market right now because of its potential to translate into higher volatility through...
Why this fund manager trimmed his Nvidia position — and has a warning about AI
Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful.
Mother of six whose $444 Trader Joe’s receipt went viral still considers the store ‘super cheap’
A video showing a California mom’s $444.38 grocery bill has been viewed more than 17 million times. And she told MarketWatch she’s actually OK with the total tab.
Tesla’s stock extends winning streak, turns green for first time in 2024
Tesla’s stock battled through a seesaw start to close higher Friday, extending their longest winning streak in more than a year and turning positive for 2024.
This new S&P 500 buy signal gives you another reason to stay bullish about stocks
NYSE new highs overtake new lows, and there’s activity in Akamai and Walgreens shares.
S&P 500 scores record high as jobs data point to cooling ‘but not collapsing’ economy
The U.S. stock market has extended its summer rally, with the S&P 500 index climbing to yet another record peak Friday as investors weighed the latest jobs report.
If your mother had Alzheimer’s, your chances of getting it are higher
If your mother had Alzheimer’s disease at any age, your chances of getting it are higher, according to a recent study in JAMA Neurology.
Nio’s stock hit hard as E.U. to charge China-based EV makers sharply higher duties
Nio’s stock pulled back sharply Friday in the wake of the European Union’s decision to impose higher tariffs on electric vehicles imported from China.
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.
How the IRS is using a bigger budget — and more ‘swagger’ — to audit more rich taxpayers. ‘They are pushing hard now.’
Longtime tax avoiders are realizing they had taken “false comfort” in thinking they weren’t on the IRS’s radar.
Oil prices on track for 4th straight weekly gain
Oil futures climbed on Friday, with U.S. and global benchmark prices headed for their fourth straight weekly gain as a recent drop in U.S. crude supplies and a rise in gasoline demand helped to ease some concerns over the outlook for energy demand.
How a burger shack owner allegedly toppled a government and evaded taxes on $7 billion in U.S. military contracts
Douglas Edelman has been charged with hiding $350 million in income. He allegedly spent the money on yachts and an Austrian chalet.
How to trade Tesla’s stock
Also: An expensive stock market, improving home affordability in some areas, and a different way to think about Nvidia’s success.
Macy’s stock rallies as Arkhouse, Brigade reportedly sweeten their buyout offer
After earlier unsuccessful buyout bids for Macy’s Inc., investment firms Arkhouse Management and Brigade Capital Management are trying again, raising their offer for the retailer by around $300 million, the Wall Street Journal reported on Wednesday.
IRS leaves no wiggle room on higher taxes for legal cannabis companies
The IRS says legal cannabis companies cannot take the usual tax deductions.
Gold and silver futures look to end at 1-month highs after monthly U.S. jobs data
Gold and silver futures looked to post their highest settlements in a month on Friday as downbeat U.S. economic data fueled expectations for an interest-rate reduction by the Federal Reserve.
Why one Wall Street strategist is giving up on publishing year-end targets for the S&P 500
One Wall Street macro strategist has decided to abandon the practice of publishing year-end targets for the S&P 500, arguing that these forecasts no longer provide much benefit to clients.
Should you get travel insurance? Why it might be a smart buy after Hurricane Beryl — with one caveat
As Hurricane Beryl churns through the Caribbean, its strength so early in the hurricane season — and the summer travel season — is a reminder of the value of travel insurance, experts say.
The debate about ‘quiet vacationing’ is as American as the Fourth of July
“It’s not just dishonest workers trying to steal time. It’s people that feel burdened by the weight of the workplace.”
JPMorgan Chase, Citi and Wells Fargo earnings to follow relative strength in their stocks
U.S.’s largest banks draw investor support as havens from sector headwinds from commercial real estate woes.
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.”
What Nvidia investors can learn from the roaring 1920s and the radio bubble
Nvidia’s rise in the past two years shares some similarities with RCA’s in the bull run of late 1920s, representing an emerging hot technology, but one that also faced many questions.
EU could fine X for hosting ‘illegal’ content in aftermath of Hamas October 7 attacks: report
The European Commission is set to serve X, formerly Twitter, with a formal warning for allegedly breaching the EU’s new Digital Services Act
Koss continues rally as meme-stock chatter continues around the headphone maker
Shares of Koss Corp. rose 7.6% in premarket trades Friday as meme-stock chatter continues to swirl around the headphone maker.
‘I’m appalled’: My grandfather co-signed his grandson’s student loan. After my grandfather died, my cousin skipped town. Will the estate have to pay the debt?
“The loan is now in default, and I have no idea where this grandson is.”
Big tech is not the haven some claim, so it’s time to raise cash, says this hedge fund
Tech winners are not immune to an economic slowdown
Labour’s landslide victory sees U.K. housebuilder stocks surge
The Labour Party has pledge to build 1.5 million homes over the next five years in what analysts said could mark the ‘dawning of a new age’ for British housebuilders
The legacy of a market debacle — former U.K. Prime Minister Liz Truss is out of a job
Liz Truss, who was the shortest serving prime minister in the country’s history in 2022, lost her South West Norfolk seat by around 630 votes to Labour candidate Terry Jermy.
NBA star Chris ‘CP3’ Paul is selling this modern SoCal home for $16.5 million
The modern farmhouse in Southern California was built just four years ago. It has a stunning glass-box wine cellar.
Ray Dalio says Trump and Biden reflect decades of ‘horrendous leadership’ by Baby Boomers
Bridgewater Associates founder Ray Dalio said decades of ‘chronically horrendous leadership’ has now reached an apex in the form of Joe Biden and Donald Trump
Bitcoin may head towards $50,000 as the crypto falls to a four-month low
Bitcoin on Friday plunged to the lowest level in over four months.
Saks Fifth Avenue buying Neiman Marcus in $2.65 billion deal, with backing by Amazon
High-end retail chains Saks Fifth Avenue will buy rival Neiman Marcus in a deal that will see Amazon.com and Salesforce also take stakes, the companies said in a statement on Thursday.
This July 4, here’s how much money you need to declare ‘financial independence’
About 160 million of us are still working for The Man.
I considered taking Social Security at 62 instead of waiting. Why you should too.
Your health, life circumstances and the viability of Social Security might conflict with your ideal age to start taking benefits.
These tips for investing in mutual funds and ETFs give your portfolio a leg up
Trimming Nvidia, earnings season prep and thematic ETFs lose popularity.
Tesla stock shows this curious pattern before and after earnings that you can trade
Shares typically decline during the two weeks ahead of earnings and gain over the following two weeks.
Smith & Nephew shares surge as activist Cevian Capital reveals 5% stake
Shares in Smith & Nephew increased 7% on Cevian’s disclosure that it had built up a 5% stake
Without Joey Chestnut, the July 4 Nathan’s hot-dog-eating competition could be an actual contest
“This event is bigger than any one eater,” an event spokesperson said.
Is it ‘Joe-ver’ for Biden? It could be donors’ call.
Democrats need money to keep campaigning through the November election. That means donors have the power to force the party’s hand now.
Retail investors have reached peak bullishness for Nvidia, these analyst say. Here’s where they may go next.
While Nvidia remains a top investment for many who believe the artificial intelligence story is here to stay, retail investors have likely hit “peak” bullishness.
A financial markets ‘mystery.’ The Japanese yen’s slide is upending a once-reliable relationship
The yen weakens as the spread between Japanese bonds and U.S. Treasurys moves in Japan’s favor.
4 things crypto investors should be watching the rest of this year
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
If Biden drops out of the race, this is what will matter to the stock market
With President Joe Biden’s re-election campaign appearing to hang by a thread after last week’s debate debacle, investors understandably may wonder whether a change at the top of the Democratic ticket would move the stock market.
Why Trump’s running-mate choice could matter for oil companies, banks, tech and other sectors
As Donald Trump gets closer to announcing his pick for running mate, the presumptive Republican presidential nominee’s decision on his No. 2 could end up having an impact on industries.
GDP malaise? Why U.S. second-quarter growth will be weak again.
The U.S. economy grew a drab 1.4% in the first three months of the year — and it looks like a shabby performance is in store for the second quarter.
How Kamala Harris’s policies may differ from Biden’s, if she’s the Democratic nominee
If President Joe Biden were to bow out of the White House race, Vice President Kamala Harris is widely viewed as mostly likely to take his place as the Democratic nominee. So what would her policy proposals look like?
Is the stock market open on July 4 (and July 5)?
Expect plenty of closures on Independence Day, but some stores will be open.
‘I’m watching every last cent’: For July 4, my friend booked an Airbnb on Cape Cod — and said I’m welcome to visit. Should I offer to pay half?
“This vacation is already nearly breaking my budget.”
Continental AG shares jump 10% as German firm predicts boost from China
Continental AG told analysts that it expects to achieve higher margins in the second quarter of 2024 compared to the first quarter of the year
Factory orders in Germany slide in May
German factory orders tumbled in May, marking the fifth month of a decline from Europe’s industrial powerhouse, according to data released Thursday.
Roche to halt lung-cancer drug trial after disappointing data
Roche Holding said it plans to halt a mid- and late-stage clinical study for a combination of drugs to treat lung cancer after it failed to meet the trial’s primary efficacy goals.
For all the fear of black swans, the stock market is acting roughly the same
“If the modern world is growing ever more complex and more black swans are flying around as a result, it is not apparent in the historical return data,” says one market observer.
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand.
Koss shares skyrocket as meme-stock chatter again swirls around headphone maker
Koss shares saw their biggest daily percentage gain in over three years amid a frenzy fueled by the return of “Roaring Kitty” to social media.
Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months.
Is your active mutual fund beating the U.S. stock market this year?
Professional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of this year, according to BofA Global Research.
‘None of these will survive’: The Supreme Court’s immunity decision may kill all the criminal cases against Trump
The opinion could hamstring all four criminal cases Trump has faced, legal experts say, leaving prosecutors in several — if not all of them — unable to proceed.
In 99% of the U.S., homes became less affordable this year. Here are the 7 places where they didn’t.
Housing prices have hit a new high, making it tougher for prospective buyers to afford a home in most places in the U.S., Attom Data Solutions said in a new report.
Famed NYC restaurant Serendipity 3 is opening a Times Square location
EXCLUSIVE: The privately owned business, a celebrity magnet that’s beloved for its frozen hot chocolate, joins such national brands as Hershey’s and Hard Rock Cafe in the tourist-centric locale.
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion.
I’m in my 60s and mentored Gen Z students from NYU. This is what we taught each other.
Why mentoring in unretirement is great for you and young adults
Most people earning $100K or more are making this huge 401(k) mistake
For high earners, saving up to your company match isn’t going to be good enough to replace the income you’ll need later on.
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.
Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.
Hurricane Beryl puts focus on oil with climate change likely to intensify storms
Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on high alert over climate change and the risk of more frequent, more intense storms posing a growing challenge for the market in the...
Is it possible to get a 5% mortgage rate? Yes, but here’s the catch.
Mortgage rates are hovering just below 7%, but there are ways for home buyers to get much lower rates.
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.
U.S. trade deficit jumps in May to highest level in 19 months
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
Jobless claims rise to 238,000 and stay near one-year high
Three states, New York, New Jersey and California, accounted for most of the increase
Cathie Wood’s ETFs sell Tesla’s stock for the first time in 9 months
The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data.
Southwest Airlines adopts shareholder rights plan after Elliott Management discloses 11% stake
Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.
Intuitive Machines stock continues rally as next moon mission looms
Shares of Intuitive Machines Inc. continued their rally Wednesday as the space-exploration company’s next mission moon mission edges closer.
A Trump trade war won’t be good for the stock market, warns Dr. Doom
Nouriel Roubini, the economist who is nicknamed “Dr. Doom” for his often-gloomy predictions, says a Trump win could spark a stock-damaging trade war.
‘Our loyalty isn’t worth anything’: I paid $70 for a seat with more legroom, but two women grabbed similar empty seats for free. Is that fair?
“I wrote to the airline to explain what had happened and asked for a refund of my miles.”
Keywords Studios agrees to EQT’s $2.8 billion takeover offer
The Irish company, which is listed on London’s AIM, is set to be fully-acquired by the Swedish private equity firm in a deal worth £2.2 billion
Trump’s tariff plans could lead to five extra Fed rate hikes, Goldman Sachs chief economist says
The tariff plan proposed by former President Donald Trump would lead to five extra rate hikes from the Federal Reserve, according to Goldman Sachs chief economist.
Biden offers latest debate excuse as Harris pulls level in one betting market
President Joe Biden offered a new excuse on Tuesday for his poor debate performance as Vice President Kamala Harris drew level in one betting market as to who would be the candidate to fight former President Donald Trump in the presidential election.
After a roaring first half, stocks are stretched — but the rally isn’t over yet
Earnings season is coming — here’s what you need to know.
Paramount and Skydance are back on with a preliminary merger deal, WSJ reports
The on-again, off-again courtship between Shari Redstone, Paramount Global Inc. and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.
Intuitive Machines’ stock rockets as next moon mission approaches
Shares of Intuitive Machines Inc. surged 12% Tuesday as the space-exploration company edges closer to its next mission to the moon.
Eli Lilly’s Alzheimer’s drug wins FDA approval
An Eli Lilly & Co. Alzheimer’s drug won Food and Drug Administration approval Tuesday, capping the medication’s bumpy ride through the U.S. regulatory process and adding a second new treatment option for patients in earlier stages of the disease.
I’m 73 and have $930,000 in my IRA. Should I wait for the market to go down before I do a Roth conversion?
Trying to time with the market is usually a fool’s errand, but there are several schools of thought about how to best do a conversion.
Annovis Bio’s stock rockets 119% after reporting positive data in Parkinson’s disease trial
The stock is on track for its best performance since May 21, 2021, when it gained 127%.
Novo Nordisk, Eli Lilly singled out by Biden, Sanders over drug prices
Shares of Novo Nordisk and Eli Lilly & Co. dropped early Tuesday after President Joe Biden and Sen. Bernie Sanders took aim at obesity and diabetes drug prices in a USA Today opinion piece.
FTC votes unanimously to block Tempur Sealy’s proposed $4 billion takeover of Mattress Firm
Deal documents show company wants to “kneecap competitors and dominate the market,” one Federal Trade Commission official says.
Tens of millions of people are watching videos of home buyers sitting in empty houses
It costs a lot more to buy a house today than it did just a few years ago. And that expense starts with the down payment.
This cheap biotech offers investors a play on ALS if trial data continues to impress
NeuroSense Therapeutics Ltd.’s stock rose 6.5% Tuesday, as analysts cheered data from the biotech’s late-stage trial of a treatment for the fatal disease amyotrophic lateral sclerosis, or ALS.
U.S. stocks could rise another 10% by the end of 2024 after a strong first half, history shows
The U.S. stock market just scored a gangbusters first half of the year. If history is a guide, Wall street could be in for another robust six months, according to Comerica Wealth Management.
Why Adobe and Uber are newly named top stock picks at Deutsche Bank
Adobe is having success in AI and Uber is having success with its membership program.
Job openings rebound, showing U.S. labor market is still pretty warm
The number of job openings in the U.S. rebounded in May after falling to a more than three-year low, indicating there’s still plenty of demand for labor.
Nvidia is most-owned chip stock in active funds — but another is moving up fast
Broadcom continues to see its ownership grow.
6 reasons active management is a bad idea for your investments
Timing the market is a recipe for failure. Do this instead.
Rivian’s stock rallies after EV deliveries beat by wide margin
Rivian’s stock rallied Tuesday, after the electric-vehicle maker reported quarterly deliveries data that beat expectations by a record margin.
Tesla’s stock surges after deliveries surprise to the upside by a wide margin
Tesla’s stock reversed sharply higher toward a near six-month high Tuesday, after the electric-vehicle giant surprised investors by reporting second-quarter deliveries that beat expectations.
How did older households react to inflation?
Preserving consumption in the short-term means less resources for the future
10-year yields have ‘little to no’ downside — which means stocks can’t climb much from here, strategist says
Yields on the benchmark 10-year Treasury have little room to fall, which will cap valuations on U.S. equities from already elevated valuations, says a market strategist.
Why CrowdStrike’s stock just got downgraded after a monster rally
CrowdStrike’s enterprise-value-to-sales ratio is the highest among large software stocks that Piper Sandler tracks.
Moderna gets U.S. government funding for bird-flu vaccine development
Moderna Inc.’s efforts to develop a bird-flu vaccine are getting a $176 million boost from the U.S. government, the company said Tuesday.
The S&P 500’s reliance on a few winning stocks is getting worse
S&P 500’s performance in the second quarter would be negative without these 10 stocks
Advice from a ‘nervous and jumpy’ Wall Street bull as second half gets under way
RBC Capital’s Lori Calvasina joins other Wall Street banks in lifting her S&P 500 target, but says she’s plenty jittering about where markets go from here.
‘This is my big chance to secure my future’: I’m about to inherit $600,000. What should I do with all this lovely cash?
“Should I go for a high-yield account or a money-market for savings? I already have 401(k), IRA, and brokerage accounts, and laddered CDs.”
The real cause of post-pandemic inflation was demand, not supply, argues new research
A new research paper argues that the driver of a surge in post-pandemic inflation on both sides of the Atlantic was driven by demand, not supply.
Shell halts construction of major biofuels facility in the Netherlands
Shell has halted work on the biofuels facility in Rotterdam to ensure it remains competitive in the face of an anticipated flood of supply from the U.S.
Out-of-this world concrete fortress in Beverly Hills for sale by billionaire James Jannard for $68 million
The billionaire who founded the Oakley sunglasses company is selling this futuristic compound featuring Brutalist architecture.
Salesforce shareholders reject compensation plan for Benioff, other top execs
Salesforce Inc. shareholders rejected a compensation plan for Chief Executive Marc Benioff and the company’s other top executives after it was opposed by two large advisory firms.
At least 30 injured after flight hits turbulence — sending man into overhead bin
At least 30 people were injured on Monday after an Air Europa Boeing 787-9 Dreamliner flight hit turbulence over the Atlantic, sending passengers flying out of their seats with one man appearing to have gotten stuck in the overhead bins.
Silver beat gold, copper — and even the S&P 500 — in the second quarter. What’s next?
Silver marked an impressive gain for the first half of the year, outpacing the rise for gold, copper and other major financial assets just over a month after prices for the metal touched their highest level on record.
Fed’s Williams defends response to postpandemic inflation surge
New York Fed President John Williams defended the central bank’s delayed response to the outbreak of inflation in 2021 — saying that policymakers were grappling with extreme downside threats to the economy and financial markets in an atmosphere of tremendous...
Bond market’s weakness for such a long stretch is ‘unprecedented,’ Bespoke finds
Bonds are kicking off July with losses as yields climb following an extended rough stretch for long-term Treasurys.
Chewy’s stock pares back gains after Roaring Kitty’s 6.6% stake is disclosed
Investor Keith Gill, also known as Roaring Kitty, was a pivotal figure in the 2021 meme-stock frenzy.
Apple iPhone 7 owners still have a chance to claim up to $349 in class-action settlement
The deadline has been extended for certain iPhone owners to claim a settlement payout.
‘Any technology stock with an AI story is rising too far and too fast,’ this veteran trader warns
The market is in a huge tech-led bubble — but you’d be wrong to bet against it.
Forget about your retirement portfolio beating inflation over the next 10 years
Expect stocks to produce a negative-1.9% post-inflation return between now and 2034.
Your Social Security math may be wrong — and it could cost you a lot of money
Here are 3 key factors you may have overlooked.
Blue Ocean Tech sees no need for closing bell with overnight-trading platform
Nasdaq veteran heads up fintech that’s growing its off-hours trading platform for Robinhood, Webull, Interactive Brokers and others.
Tupperware extends debt agreement until July 7
Tupperware’s debt agreement aims to provide flexibility while the food-storage-container company examines strategic alternatives.
Here’s why a repeat of the Trump 2016 stock playbook may not work, Morgan Stanley says
Reaction by some stocks last week revealed hopes for a repeat of the Trump 2016 playbook, but Morgan Stanley says beware.
Manufacturers are mired in a slump, ISM finds, and aren’t adding much to the U.S. economy
A key barometer of U.S. factories fell in June for the third month in a row, signaling that an ongoing slump in the industrial side of the economy shows no sign of ending.
Nio’s stock, other EV makers rally after upbeat delivery data
Nio’s stock bounced Monday, as the China-based electric-vehicle maker and its peers reported upbeat EV-delivery data for June and the second quarter.
Maersk shares jump on decision to scrap plans for DB Schenker takeover
The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company.
July is historically a great month for U.S. stocks. Here’s why this year might be different.
The U.S. stock market is on pace to finish the first half of 2024 on a positive note. If the past is any guide, the good times for U.S. equities may keep rolling into July, but not every stock may enjoy this summertime rally.
This is how much the largest 20 U.S. banks raised dividends after stress tests
Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon.
Pitney Bowes increases cost-savings target to a range of $120 million to $160 million
The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review.
Ryan Cohen makes first X post in months as GameStop seeks app developers
The GameStop CEO’s posts are closely followed for hints about his plans for the company.
Buying a home can’t get any worse, right? It can — and probably will.
Lower interest rates spur housing demand — but with supply so tight, prices have nowhere to go but up.
Head of Boots pharmacy chain to depart as owner Walgreens struggles
The head of British pharmacy chain Boots is stepping down, amid turmoil for parent company Walgreens Boots Alliance Inc.
Oil ticks higher to begin July as traders eye demand outlook, drilling activity
Oil futures edged higher early Monday, building on a solid June gain as investors weighed the outlook for summer demand and a continued fall in the number of active U.S. rigs.
Bill Ackman’s new Pershing Square USA fund wants to lure investors with no performance fees
The closed-end fund has vowed not to charge performance fees as it prepares to float on the New York stock exchange
‘He thinks I’m too materialistic’: My husband and I are in our 40s with two kids. He takes zero interest in our finances. He doesn’t even know the name of our mortgage company.
“I am really worried that if I’m not around, he will not be able to manage the basics of everyday life for himself and our children.”
Kanye West left this architectural masterpiece in a shocking state, but wants $39 million for the Malibu mansion
West gutted the home and walked away from the unfinished project, and now it’s languishing on the market.
BlackRock buying Prequin for $3.2 billion as private markets interest surges
BlackRock has announced a deal to buy privately held U.K. data provider Preqin.
Boeing agrees to buy supplier Spirit Aerosystems for $4.7 billion
Boeing Co. has agreed to buy parts supplier Spirit Aerosystems Holdings Inc. in an all-stock deal worth more than $4 billion.
French stocks see strongest rise in nearly two years after first round of elections
French stocks surged on Monday after the first round of parliamentary elections was interpreted to mean the far-right National Rally party was unlikely to form a majority.
If jobs keep getting harder to find, the stock market could be in trouble
Once the unemployment rate starts creeping up, it’s pretty hard to stuff that back in the bottle, says Schwab strategist
Student loan borrowers share their ‘roller-coaster’ year since the Supreme Court struck down Biden’s debt-forgiveness plan
Recent court decisions and the upcoming presidential election have borrowers wondering if they can count on repayment and cancellation initiatives.
Trump’s legal cases: Here’s where they stand post-debate and before the Supreme Court immunity decision
Donald Trump’s ongoing court cases got some airtime during the first matchup with President Joe Biden of 2024
Lower inflation and no recession set stocks up for a summer stunner
Ed Yardeni: Ignore the inverted yield curve — this “Roaring 2020s” market is alive and well.
Whole Foods is promoting ‘little luxuries’ as the next big food trend
It’s a way of indulging without overindulging, said Whole Foods CEO Jason Buechel
Workers care more about enjoying work than a flexible schedule, new data shows
An ADP survey of about 35,000 people around the world also found that salary is still king
Nvidia’s rebound from its correction only makes the stock more dangerous to buy
Semiconductor stocks are bubbling and could lose 40% of their value.
Apple’s huge stock buyback proves one thing: companies are lousy market timers
Share repurchases are at a record, but that isn’t necessarily bullish for the U.S. market
Euro 2024 prize money: How much do the winners get?
Each team gets about $10 million for taking part in the European Championships — but none of that goes directly to the players.
Apple ‘Mac killers’ might be lurking in those new AI-powered Windows PCs
Qualcomm is strongly positioned, while AMD and Intel may be vulnerable.
Boeing Starliner crew not stranded in space, says NASA, but no date set for return
Boeing Co.’s Starliner spacecraft will remain docked at the International Space Station while the aerospace company and NASA conduct further tests into thruster issues and helium leaks.
How Apple is borrowing from its 1980s playbook when it comes to AI
Oppenheimer sees compelling parallels between what Apple is doing in AI and its 1980s Macintosh strategy.
To prepare for another Trump presidency, start saving now
Trump’s plans cannot help the retirement safety net.
S&P 500 gain in first half of 2024 blows historical average ‘out of the water’
The S&P 500 is on course to post big gains for the first half of 2024, with its runup in the first six months of this year so far crushing the historical average, according to Bespoke Investment Group
I want to buy an apartment in Manhattan, but it’s on the 6th floor — with no elevator. Is it worth it?
“If I want to rent or sell in the future, am I going to have a tough time?”
Consumer stocks made a comeback in June — but U.S. households are still feeling the pinch
Consumer-discretionary stocks bounced back in June, raising hopes of a recovery after their tumultuous start to 2024. But market analysts warn that a comeback in this sector could belie underlying consumer weakness amid ongoing concerns over the health of American...
This bank stock’s unique combination makes it a bargain
KBW has upgraded Bank of New York Mellon to an “Outperform” rating, supported by a strong financial performance and a low price-to-earnings valuation.
Can McDonald’s make money on $5 meals when inflation is so high?
Also: Stock-market winners and losers for the first half of 2024, a possible AI infrastructure bubble and personal financial advice
Stocks will fall 30% as the U.S. economy heads for a painful recession, strategist says
Move over, J.P. Morgan — we have a new contender for most apocalyptic stock-market forecast.
Cassava Sciences shares fall after onetime advisor indicted on fraud charges
Shares of biotech company Cassava Sciences Inc. plummeted on Friday after a federal grand jury indicted a onetime science advisor to the company and charged him with falsifying data to obtain millions of dollars in government funds
Is golf an elitist sport? Biden and Trump argue over their golf handicaps during their first 2024 presidential debate.
Just 22% of golfers are people of color and 42% have household incomes of $100,000-plus, according to the National Golf Foundation.
How can we tap the equity in our home without paying a 7% interest rate? We currently have a mortgage rate of less than 4%.
“Should I accept that 7%-plus interest rate is the starting rate these days?”
Some analysts are questioning Nike’s leadership as downbeat forecast sends stock toward biggest drop ever
As Nike shares on Friday headed toward their biggest drop ever following the sneaker maker’s pessimistic outlook a day earlier, Wall Street analysts were retrenching — with some even questioning the company’s management.
Trump and Biden dodged debate questions on soaring child-care costs. Families don’t have that luxury.
Parents “are frankly pissed off and anxious about what the future looks like, and that’s what was so disappointing about last night.”
Here’s what Trump and Biden got wrong about Social Security during the first debate
Both candidates missed the chance to discuss plans to fix the program.
Biden says, ‘I can do this job,’ as betting markets put chance of re-election at new low
While President Joe Biden offered an upbeat speech Friday in the wake of his widely panned debate performance, his chances of winning this year’s White House race appear to have tumbled.
Biden, Trump campaigns both report millions in donations after debate
The campaigns of President Joe Biden and former President Donald Trump said Friday they had each raised millions of dollars around their first debate Thursday.
Abortion is now illegal in 14 states. Here’s how that could widen the gender pay gap.
“Abortion is deeply rooted in the class system,” a law professor tells MarketWatch two years after the end of Roe v. Wade
‘Our children have varying degrees of success’: My husband and I are in our 80s and have $300,000 to leave our 3 children. Do we give more to our underemployed son?
“At 56, he has few prospects for his future.”
PCE inflation report may help Biden, but his post-debate focus is damage control
While Friday’s encouraging inflation data might be helpful to President Joe Biden, the spotlight at the moment remains on his widely panned performance in a debate against presumptive Republican nominee Donald Trump.
Ai demand for data centers boosts Digital Realty’s prospects, stock wins upgrade
JPMorgan ups data center owner to outperform as a ‘substantial beneficiary of cloud and AI demand for data center capacity.’
Nvidia has added $1.8 trillion of market cap in 2024. Here’s how big that is.
Besides Nvidia itself, there are only four U.S. companies with valuations greater than the amount of Nvidia’s market-cap gains.
Consumer sentiment perks up at the end of June, but inflation still a big worry
Consumers were slightly more optimistic about the economy at the end of June, but the effects of high inflation in the past few years still weighed on their minds.
Chewy’s stock slides one day after Roaring Kitty’s cryptic dog post
Shares of Chewy Inc. are down 9.7% Friday after spiking Thursday in the wake of a cryptic post from influential trader Keith Gill, also known as Roaring Kitty.
These 20 stocks have been the S&P 500’s biggest losers so far in 2024
The S&P 500 is up nearly 16% so far this year with dividends reinvested. Artificial intelligence has been the big theme driving gains for Big Tech, especially Nvidia Corp. But 38% of the S&P 500 have had negative returns during the first half of 2024.
Tech’s dominance of Russell 1000 will hit record levels after latest reconstitution
This year’s furious rally in technology and megacap stocks is set to leave its mark on Friday when FTSE Russell carries out its latest annual index reconstitution.
Why was Alphabet’s stock just downgraded? An analyst sees six risks for Google.
One Rosenblatt analyst recommends that investors take a pause on Alphabet shares given changes around AI and the broad ad market.
I’m 40 with two school-age kids. I want to leave my corporate job and live off the interest from my $500,000 investments. Is this a wise move?
“Should I pay off the mortgage or go with the plan to make money through investments?”
Bankrupt Fisker is recalling 12,523 vehicles to address outer door handle defect
Fisker Inc. said Friday it has issued a voluntary recall of 12,523 vehicles in North America and Europe to address an issue involving the outer door handles.
Moderna’s RSV vaccine gets positive opinion from EU advisory panel
The vaccine, called mResvia, has already been approved by the U.S. Food and Drug Administration, becoming Moderna’s second approved product after its COVID-19 vaccine, Spikevax.
Oil prices rise, head for monthly gains as Middle East fears simmer
Oil futures rose Friday, on track to book monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.
Engaged couples spend a fortune on weddings. They’d be happier investing in their marriage.
“We don’t need to learn anything about money for our marriage,” one bride says. Actually, they do.
Trump Media’s stock up 8% as markets react to Biden’s uneven debate performance
Trump Media & Technology Group Corp.’s stock rose 8% early Friday, after widespread criticism of the performance of incumbent President Joe Biden in his first presidential debate with former President Donald Trump.
After Biden’s debate showing, markets confront chance of a new candidate
Polling expert Nate Silver says California Gov. Gavin Newsom or Vice President Kamala Harris would be better choices.
Your 401(k) is easier to manage than ever thanks to these 3 game changers
Younger workers are reaping the benefits of years of improvements to employer retirement-savings plans.
‘The time to figure out what went wrong is after you stop the bleeding,’ Jefferies CEO says on Archegos meltdown
The Wall Street veteran said it’s better to exit any positions quickly and take a manageable loss
Nike wants to sell fewer classic sneakers, roll out more new ones in bid to revive demand
Shares of Nike Inc. tumbled after hours on Thursday after the athletic-wear giant dimmed its expectations for the year as it grapples with wobbling consumer demand, cuts production on lower-selling classic sneakers and waits for potential gains from newer shoes to...
Infinera’s stock rockets 18% after $2.3 billion purchase by Nokia
Shares of Infinera Corp. rally after hours Thursday after a $2.3 billion deal with Finnish telecom giant Nokia Corp.
‘My stepmother makes me feel unwelcome’: I bought a house for my father in 2008, but now he wants me to sign over a 50% share for his third wife
“He has been married to his third wife for three years; she has asked him where she will live when he passes.”
Treasury-market liquidity is back in focus — but don’t panic yet
Questions are being raised again inside the $27 trillion Treasury market, home of one of the world’s safest and most liquid assets, about the ease with which some U.S. government securities can be bought and sold without a big impact on price.
Oil gains on hopes for better demand as worries over wider Middle East conflict linger
Oil futures settled higher on Thursday, building on price gains for the month so far, as traders hoped for a rebound in U.S. summer gasoline demand, despite data showing a slowdown in consumption of the fuel at the pump last week.
Roaring Kitty posts cryptic dog image, and shares of Chewy, GameStop climb
In his latest social-media post, influential trader Keith Gill, also known as Roaring Kitty, on Thursday posted an image of a dog, marking the latest in a series of cryptic posts on X.
Jefferies’s stock pops to all-time high on dividend boost and earnings beat
The investment bank rallies as it lifts its dividend by nearly 17% and gives a bullish outlook.
Walgreens’ junk bonds among biggest decliners in high-yield market after earnings disappoint
A bond issued by Walgreens Boots Alliance Inc. was one of the biggest decliners in the high-yield market on Thursday, swept up in the downdraft of a stock that was trading at a 27-year low.
SpaceX tender offer would value Elon Musk’s space company at $210 billion, report says
Elon Musk’s SpaceX will sell insider shares in a tender offer that values the private space company at over $200 billion, according to a report.
Recession almost ruined our retirement — but now we’re living the good life in Ecuador for $2,000 a month
The financial wreck of their lives was replaced with an upscale lifestyle they never could have imagined
Fed’s Bostic sees one rate cut as likely this year but says he isn’t ‘locked in’
Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he is sticking with his forecast of one quarter-point interest-rate cut this year, sometime in the October-December quarter.
PCE inflation report likely to show little or no price increases in past month
The Federal Reserve has been waiting for good news on inflation all year — and now it looks like it’s going to get it on Friday.
Supreme Court gives emergency abortion care in Idaho a temporary reprieve
The U.S. Supreme Court on Thursday allowed for provision of emergency abortion care in Idaho hospitals but avoided wading into the legal issues at the heart of a case that has broad implications for the emergency care of pregnant people.
Palo Alto Networks, Salesforce shares see big boosts as Nvidia stock rally cools
A Mizuho analyst is intrigued by what he views to be a rotation into the software sector as the chip trade fades.
Analysts praise banks and puzzle over Fed after stress tests
Oppenheimer warns investors to “try not to burn too many brain cells on deciphering the Fed’s logic.”
First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step
The U.S. economy’s performance in the first three months of the year didn’t look much better the third time around: The government’s latest estimate of first-quarter annual growth was lifted slightly to a lackluster 1.4%.
Rivian’s stock pulls back as company keeps yearly production target steady
Rivian kept its production outlook for the year intact, even as the company signaled upbeat delivery numbers for its ongoing quarter.
Billionaire Ken Griffin got an apology from the IRS, while everyday taxpayers struggle with this ‘unconscionable’ problem
Taxpayers are facing longer wait times for the IRS to resolve identity theft cases, a new report from the National Taxpayer Advocate finds
Four-week average of U.S. jobless claims hits highest level since September
Claims in latest week fall to 233,000 versus 235,000 expected
This pioneering JPMorgan portfolio manager says it’s a lot easier these days to find market losers
A long-time JPMorgan fund manager finds it’s easy to find short opportunities.
Here’s the good news on Micron even as stock heads for a post-earnings decline
High-bandwidth memory is becoming a rapidly growing part of Micron’s business.
Walgreens Boots Alliance’s stock slides after profit miss and lowered guidance
Walgreens Boots Alliance Inc.’s stock fell 12% early Thursday, after the drug store chain’s fiscal third-quarter profit fell short of estimates and it again lowered guidance to reflect a stressed consumer following a period of high inflation.
Trump and Biden will surprise us if their debate deals with these 4 real dangers to the economy
Deficits, immigration, trade and an independent Fed must be discussed.
What should Biden and Trump say to America’s most important voting bloc — seniors?
Presidential debate topics crucial to older Americans — Social Security, Medicare and Medicaid — must get some airtime.
Will Biden and Trump need caffeine to debate? A look at today’s $24 billion energy-drink market.
There are now dozens, maybe hundreds, of brands competing in the energy-drink space, with new ones being launched constantly.
Here’s what to watch in the first round of France’s parliamentary elections
The first round of France’s complicated parliamentary election is held Sunday, with the eurozone’s second-largest economy likely headed to a legislative stalemate.
Check out Olivia Newton-John’s 12-acre California ranch, asking $9 million
The picturesque estate is just steps from the Santa Ynez River, nestled amid lush greenery and mountains.
Bank stress tests are like Monopoly, says one former banker. ‘Do not mistake either for reality.’
One former banker says bank stress tests are essentially worthless exercises after the Federal Reserve gave passing grades to all 31 institutions it tested.
Micron investors will have to wait for 2025 for a bigger AI payoff
Amid a forecast that was just on target, some may be concerned by set contracts for HBM chips
GSK stock falls more at London open following RSV vaccination news
GSK’s London-listed shares fell even more swiftly their ADRs to news that advisers to the Centers for Disease Control and Prevention shifted their recommendations for who should be vaccinated against respiratory syncytial virus.
GameStop’s trading volume slips to lowest level since early May
GameStop Corp.’s trading volume fell to its lowest level in nearly eight weeks on Wednesday as the dust continues to settle after the recent meme-stock frenzy.
Most-active gold futures mark lowest settlement since early May
Gold futures tallied back-to-back losses on Wednesday, sending the most-active contract to its lowest finish in more than seven weeks, as prices on the spot market dipped below a key technical level of $2,300 an ounce.
Why bitcoin and small-cap stocks could rally together
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Nvidia controls the AI universe now — but these tech giants will lead the next boom
Simple, out-of-the box AI to run a business will be a moneymaker for software providers.
Southwest Airlines’ stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.’s stock tumbled 10% premarket Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment.
Biden and Trump: Your presidential debate should tell us tough truths. Start with taxes, tariffs and immigration.
Americans are ready for an honest talk about the country’s direction.
Amazon crosses above $2 trillion market cap as only fifth U.S. company to do so
After all the recent attention on Nvidia’s market-capitalization milestones, now it could be Amazon’s time to shine.
Most retail investors are holding on to their cash these days. Here’s why.
The S&P 500 index is up over 14% year to date and the Nasdaq Composite is up 18%, but retail investors still think cash is king.
You think your 401(k) looks bad? These people are doing worse — don’t be one of them.
Retirement may be out of reach for the average person lacking financial education and resources.
She was a C-suite exec ‘aggressively pursuing success.’ Then her ambition turned toxic.
A difficult childhood left Jennifer Romolini “addicted” to career success, she writes in her new memoir, “Ambition Monster.” Here’s her advice for a healthier relationship with work.
Interactive Brokers accepts $48 million loss tied to NYSE glitch
Some investors who tried to buy shares of Berkshire Hathaway Class A stock during a New York Stock Exchange Trading glitch earlier this month were horrified to learn that their orders had been filled at full price — not the more than 99% discount they had been...
If you haven’t moved to a high-yield savings account, half the country is beating you
Are you getting less than 1% or more than 5%? Do you even know?
New-home sales plunge to lowest level since November
New home sales at 619,000 annual rate in May versus 640,000 in prior month.
Nvidia’s stock is set to gain as rivals play perpetual catch-up, analyst says
The Nvidia stock rally has reignited, with the stock heading to a second consecutive day of gains after a recent slide into correction territory.
FedEx cost cuts are delivering results, and potential freight spinoff is ‘tantalizing’: analysts
FedEx has placed its freight business under strategic review, the company said when it reported fiscal fourth-quarter results Tuesday.
Whirlpool’s stock rallies as report emerges that Bosch may try to buy the appliance giant
With a market cap of about $5 billion, Whirlpool would represent a major deal for Bosch.
Greenlight Capital’s clash with ex-staffer has hurt its business, lawsuit says
Greenlight Capital has said an ongoing spat with one of its former staffers over his job title is hurting its business, deterring investors from putting money in the multi-billion-dollar hedge fund and hindering its ability to recruit new employees.
Rivian’s VW partnership seen as ‘game changer’ for the company’s prospects
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker’s joint venture with German care giant Volkswagen.
General Mills’ stock falls after revenue miss and soft guidance
General Mills’ CEO said the company “enhanc[ed] our efficiency in response to a more challenging operating environment.”
MNC Capital raises all-cash offer for Vista Outdoor to $3.2 billion
Vista Outdoor, parent to brands including CamelBak and Bushnell, has been the subject of several M&A offers.
The S&P 500 is at a critical juncture, says this strategist. Here’s his stock game plan.
Societe Generale’s U.S. equity team says investors looking for the next leg of this stock rally will have to wait until early 2025.
Why inflation could take several years to get back to 2%
A senior research economist at the Federal Reserve’s Cleveland branch, Randal Verbrugge, says the intrinsic characteristics of inflation make it unlikely to get down to the Fed’s 2% target in a timely way.
‘In a worst-case scenario, a stock-market bust could occur’: We are ‘healthy boomers’ in our 60s with a net worth of $4.2 million. Is it time to diversify?
“We have no debt and live comfortably on $150,000 per year.”
Rivian’s stock surges on $1 billion Volkswagen investment and joint-venture plan
Shares of Rivian Automotive Inc. skyrocketed after hours Tuesday after Volkswagen AG said it will invest $1 billion in the electric-vehicle maker, with plans to pour billions more if an EV-focused joint venture between the two companies gets off the ground.
Deliveroo shares jump on report of DoorDash’s interest in takeover
DoorDash reportedly approached Deliveroo last month before negotiations between the two companies broke down over disagreements about valuations
Investors still don’t appreciate Gap’s turnaround — but retailer’s room for error is shrinking, analysts say
Gap Inc. stands to gain from the back-to-school season, increasing relevance at its namesake stores, a product refresh at its Old Navy stores and early signs of improvement at its fitness brand Athleta, TD Cowen analysts said Tuesday.
VW shares slip on plan to spend up to $5 billion in Rivian deal
VW shares slip on plan to spend up to $5 billion in Rivian deal
Growth stocks are trouncing value stocks in 2024, even in struggling small-cap universe
The small-cap focused Russell 2000 index is trading well below its record high in 2021.
Here’s how much profit McDonald’s makes on its new $5 meal
The margins are tight, but there’s still a profit to be made on the offer, according to restaurant-industry experts
Here’s where bond yields are beating inflation
Inflation is sticky, but these bond yields are eclipsing it.
Broadcom on track to lose a Boeing’s worth of market cap in five-session slide
Broadcom’s furious stock rally has cooled in recent days, such that the company could shed more than $100 billion in market cap across its current five-session losing streak.
‘Freefall’? ‘Staggering losses’? Trump is doing a lot better right now than you might think.
If you’ve been casually following the news lately, you might think Donald Trump has suffered massive financial losses on the stock market since his recent criminal conviction, and that the presidential race is now neck and neck.
GameStop’s Roaring Kitty could trigger another meme-stock frenzy anytime he wants
Roaring Kitty’s reappearance is about so much more than just one stock.
Rising unemployment points to weakening economy. Or does it?
Are rising jobless claims a sign of emerging weakness in the economy? Don’t bet on it — at least not yet.
People aren’t spending on swimming pools right now, an industry-leading company warns
The stocks of companies that make swimming pools and related equipment were sharply lower Tuesday, after industry leader Pool Corp. issued a profit warning for 2024 amid weak demand for new pools.
Hardship withdrawals from 401(k) plans rocket nearly 40% — as savers fight to save their homes
Vanguard data casts a shadow on the economy
Many law-school students carry six-figure debt loads — but most don’t earn six-figure salaries after they graduate
Women and members of marginalized racial and ethnic groups are hit hardest by the disparity in outcomes.
As the ‘Sunbelt’ fries, how long will America’s seniors keep flocking there?
Phoenix, Las Vegas already seeing record June temperatures
Consumer confidence dips again. Americans anxious about the economy.
Consumer confidence fell slightly in June and reflected the ongoing uncertainty among Americans about the future of the economy
Carnival Cruise Line’s stock rises after company swings to a profit
Carnival also signaled smooth seas ahead for its financial performance, with advance bookings for 2025 now running ahead of 2024 in both prices and occupancy.
My adviser of 10 years left and his replacement is young. My retirement nest egg might be seven- or eight-figures. Should I find someone else?
“My wife and I are not financial wizards.”
Novo Nordisk gains approval to sell weight-loss drug Wegovy in China
Europe’s most valuable company said Chinese regulators have approved its marketing application to sell Wegovy as a long-term weight-loss treatment for patients with obesity.
Investors only have eyes for tech stocks right now. Here’s what they’re missing.
Fundstrat’s Mark Newton sees a short-lived tech and market selloff running its course and urges a focus on some other sectors largely ignored up to now
Amazon unveils Prime day dates — but Target and Walmart events come first
Walmart Inc. and Amazon.com Inc. have announced their competing summer shopping events, offering discounts on a wide range of goods to inflation-weary consumers.
How much long-term care insurance do I need?
You don’t want to have too little coverage or too much — but it’s almost impossible to know the ‘Goldilocks’ amount without crunching a lot of data.
Oil prices consolidate after Brent’s highest finish in nearly 2 months
Oil futures were lower Tuesday morning, consolidating after front-month Brent ended the previous session at a nearly two-month high, buoyed in part by geopolitical worries.
Why GameStop’s $2.1 billion stock sale taxes its shareholders and hurts the economy
Foolish traders are indirectly funding GameStop’s balance sheet.
‘She told my grandchildren lies about me so they would despise me’: I’m disinheriting my ungrateful and selfish daughter. Could she contest my will?
“I once complimented my daughter and her partner on a nice plant in their garage and they started laughing, and told me it was marijuana.”
Something unusual is happening on Wall Street — and it likely bodes well for stocks
Something unusual is happening on Wall Street that is helping to boost the confidence of stock-market bulls as the first half of 2024 comes to a close.
Merck shares drop 10% as pharma giant scraps trial of promising cancer drug
Merck & Co called off a Phase III trial of its promising cancer drug Xevinapant after an independent panel concluded it is unlikely to meet its goals
Don’t miss this 1929 Hudson River home of Michael Douglas and Catherine Zeta-Jones, listed for $12 million
The power couple’s mansion boasts eight bedrooms, 11.5 baths, and more than 11,600 square feet on 12 acres.
‘His wife is manipulative’: My father married a woman, 60, with no money, then changed his will. How can I preserve my inheritance?
“He changed his will, leaving his new wife his share of the estate, plus all of the contents of the house, including family heirlooms.”
Airbus shares drop 10% as plane maker cuts guidance and forecasts fewer deliveries
Airbus said supply chain issues will see it deliver fewer planes this year and lead to a slower-than-expected increase in production of its A320 aircraft
Warren Buffett and other billionaires are buying blue-chip energy stocks. Here’s why.
The energy sector is keeping the lights on for investors.
Even the bulls are getting trampled by the tech-sector-heavy U.S. market. A meltup could be coming.
Ed Yardeni: Why Nvidia and stocks now might remind you of Cisco and the 1990s market bubble.
Coinbase may be facing regulatory action over its accounting for crypto assets
Coinbase Global Inc. may be at risk of a regulatory enforcement action over its accounting for crypto assets, according to accounting experts, who reviewed the crypto trading site’s numbers before and after it opted for early adoption of a new rule.
The S&P 500 is blowing past the Dow by double digits — here’s why that will change
Nvidia and Meta Platforms are 2 reasons for the S&P 500’s outperformance.
Is Nvidia doomed to be the next Cisco or Intel? Here’s what investors need to know.
Recent volatility in Nvidia Corp.’s stock is bringing back memories from the start of this century, when companies like Cisco Systems Inc. and Intel Corp. saw their shares crash and never fully recover after the dot-com bubble burst.
Trump beats Biden for ‘king of debt’ title as market braces for crush of federal bonds
Excluding COVID stimulus money, President Trump approved $4.8 trillion in new debt to President Biden’s $2.2 trillion.
My wife and I are in our 60s. We applied for a HELOC to protect our assets from unknown risks — what else should we do?
“We are looking for income in retirement.”
Expect the stock market’s winners to keep on winning — until this happens, Morgan Stanley’s top strategist says
There has been a stark divide in the U.S. stock market recently between winners and losers. Morgan Stanley’s top equity strategist, Michael Wilson, expects the winners to keep on winning — and he is recommending that clients keep their portfolios positioned...
Are stocks melting up? Two S&P 500 sectors swell to level before ‘Tech Wreck’
The U.S. stock market may be in a melt-up, with two sectors in the S&P 500 swelling to a high level seen before the technology bubble burst in early 2000, according to Yardeni Research.
Why Broadcom’s stock just got its most upbeat endorsement yet
BofA sees plenty of reasons to like Broadcom’s stock, including its management team, growth profile and free-cash-flow yield.
Medical-device makers ResMed and Inspire slump after Lilly’s Zepbound trial shows benefits for sleep apnea
ResMed and Inspire Medical make devices that help patients with sleep apnea breathe better.
11 favored semiconductor stocks expected to outperform Nvidia over the next year
Nvidia Corp. dominates coverage of the semiconductor industry, but there are other semiconductor manufacturers that are also growing quickly during this upcycle for the industry.
Nvidia is ‘both king and kingmaker,’ and these chip stocks could pop in its wake
Marvell and Astera Labs can continue growing alongside Nvidia, according to Jefferies.
AI revolution is still a long way off, Oaktree founder Howard Marks says
Howard Marks said he believes it will take a good amount of time before AI technologies start impacting non-AI companies.
A former Estée Lauder executive wanted to create a Harvard scholarship for students of Armenian descent. The school turned her down.
The case comes as scholarships tied to race and ethnicity are posing challenges to donors and schools in the wake of the Supreme Court’s affirmative action decision
Alnylam’s stock surges as heart drug vies with a Pfizer blockbuster
Alnylam Pharmaceuticals’ stock jumped nearly 40% premarket on Monday after the company released results of a late-stage trial for a heart drug that analysts see competing with a key Pfizer treatment.
Apple’s stock is up 25% from its April low. Here’s how it can gain another 25%.
An analyst thinks Wall Street still underestimates AI’s potential to drive iPhone device upgrades.
Vista Outdoor says CSG has raised its bid for its sports business to $2 billion
The move is the latest in a wave of M&A offerings aimed at Vista, a maker of outdoor products and ammunition, for all or parts of its business.
Oil edges higher after back-to-back weekly gains
Oil futures edged higher Monday morning, attempting to build on back-to-back weekly gains as crude rebounded from an early June slump that took prices to their lowest since early February.
Group 1 Automotive says CDK cyberattack has disrupted processes at U.S. operations that rely on its systems
An estimated 50% to 60% of U.S. dealerships use CDK’s software, which offers one-stop-shop service for sales, title work, financing and services and parts orders.
An overbought market is a worry for traders but great for investors, according to Jefferies
Critical information for the U.S. trading day
‘My mother is being catfished’: She fell ‘madly in love’ with a man over Facebook. How do I convince her that it’s a scam?
“My sister and I found loads of evidence online that this is a fake account. There are actually numerous fake accounts on various platforms that use this guy’s images.”
Apple’s App Store rules breach EU competition law, European Commission says
Apple could be facing a fresh fine after the European Commission said the rules it uses to govern its AppStore are in breach of the Digital Markets Act
Trump is trying to win a nonconsecutive term. Here’s how another president did it.
Donald Trump is looking to become the second president to win nonconsecutive terms, after Grover Cleveland. A Cleveland biographer offers his take on the 1892 and 2024 elections in this Q&A.
Take a look at Meghan Trainor’s completely renovated $12 million mansion in Encino, Calif.
Trainor and her husband stand to make a tidy profit on the posh property, which they bought in 2020.
UPS sells its Coyote Logistics business to RXO for $1 billion
United Parcel Service Inc. said Sunday it has agreed to sell its freight-brokerage business, Coyote Logistics, to RXO Inc. for $1.025 billion in cash.
Multinational insurer Prudential PLC announces $2 billion stock buyback
Prudential PLC announced a $2 billion share-repurchase program Sunday, starting with a $700 million tranche.
Stocks are having their best election year since 1976. What the rally needs to continue.
U.S. stocks have posted an impressive election-year rally so far in 2024. But as investors question whether that rally will continue, they’re watching inflation and economic-growth data to gauge the Federal Reserve’s potential interest-rate path, as well as corporate...
Wall Street sees corporate profit margins creeping toward 2021 levels, as three household names prep earnings
Nike, Levi’s and FedEx report earnings this week, offering an early look at demand for sneakers, clothes and things sold online.
Apple’s OpenAI partnership threatens your online privacy and data security. Here’s what we can do.
Apple and other tech giants must be pushed to adopt more secure and ethical AI practices.
Higher taxes, more inflation and lost benefits: How you pay the price for supersized U.S. debt
Growing deficit puts dollar’s global dominance and U.S. living standards at risk.
Why AMD, Intel, Qualcomm and other PC giants need Apple’s AI effort to succeed
Apple’s consumer AI raises all boats — as long as Microsoft navigates.
Why Nvidia’s bonds are a safe-haven alternative to its high-flying stock
This analyst is recommending buying the bonds given the company’s huge free cash flow and minimal leverage.
‘It’s pure greed’: Parking prices for concerts now often top $50 — and can reach $1,000-plus
The most expensive city for concert parking, according to a new survey? San Francisco.
I’m confused: Should I pay tax now or later on my retirement savings — and from what funds?
The best Roth conversion strategy can be elusive when you get conflicting advice.
I’m 39 with nearly twice my salary in retirement savings, plus a government pension. Should I be saving less for my retirement?
“I assume in my planning that I won’t get Social Security benefits as currently defined.”
MicroStrategy’s bitcoin approach has pushed its stock up over 1,000% since 2020
MicroStrategy’s stock has been one of the best performing equities in the U.S., since it adopted bitcoin as its primary treasury reserve asset four years ago, according to bitcoin financial services firm NYDIG.
As Nvidia drives a chip rally in 2024, why are some AI stocks getting left behind?
Nvidia has once again taken center stage in 2024 — propelling the stock-market rally but leaving some AI names trailing in its wake.
Junk bonds are beating the broader market so far in 2024 — but watch this shift
Junk bonds are beating the broader U.S. fixed-income market so far in 2024 — but pummeled Treasurys have attempted a comeback lately.
If Nvidia stumbles, how far will the stock market fall?
Nvidia Corp. shares stalled at high altitude this week, leaving investors to ponder whether the S&P 500 and Nasdaq Composite are poised for a major setback if the ringleader of an increasingly concentrated cohort of market winners sees a sustained stumble.
Here’s how people with $1 million or more changed their asset allocation last year
A new report from the Capgemini Research Institute has detailed where the world’s high-net-worth individuals (HNWI) invest their money — and just as importantly, how it changed in the last year.
Ardent Health Partners files for IPO
Hospital operator Ardent Health Partners, which is backed by an investment firm founded by the late real-estate magnate Sam Zell, has filed for a initial public offering, according to regulatory documents submitted Friday.
Trump Media expects nearly $70 million from move that helped cause stock’s skid
Trump Media & Technology Group Corp. on Friday said that it expects to bring in more than $69.4 million, at least initially, from the exercise of warrants over the past two days, after regulators cleared the move earlier in the week and sent shares tumbling in the...
Bullish bets on top-performing stocks like Nvidia surged to a record high this week
Trading in bullish calls tied to megacap growth and tech stocks outnumber bearish puts by the widest margin on record, according to data.
Why Trump is ‘getting only upside’ for his crypto reversal
Donald Trump is embracing cryptocurrency in his bid for the White House, and the crypto industry is hugging back.
Fed may ease stress capital buffers for Goldman, Citi and other big banks: analysts
The Federal Reserve may increase stress capital buffers at Truist Financial Corp. and KeyCorp and ease them for Goldman Sachs Group Inc., Citigroup Inc. and other big banks when the central bank releases stress-test results Thursday, analysts at KBW said.
Retail investors are having a pretty good year. Here’s why that could continue no matter what happens next.
Aggregate retail-investor portfolios are beating market benchmarks like the S&P 500 this year and closely trailing the Nasdaq, according to data from Vanda Research.
Tech-savvy Gen Z consumers are forcing retailers to adapt to their digital life
Tech-savvy Gen Z consumers are forcing retailers to adapt to their digital life.
The S&P 500 and its biggest stocks are showing cracks and fissures
Bulls are hanging on even as the market looks increasingly overbought.
Fed and FDIC flag problems with ‘living wills’ of four of the largest U.S. banks
Bank of America, Citibank, Goldman Sachs and JPMorgan are flagged, while BNY Mellon, Morgan Stanley, State Street and Wells Fargo get passing grades.
How jumping on the biggest stocks — Nvidia, Apple and Microsoft — can hurt you
Also: How to broaden your exposure to semiconductor stocks, help with retirement planning, and a complex financial crime.
Here’s what to expect from gold, oil and other commodities in the second half of 2024
Commodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. Analysts aren’t surprised.
Oil prices on track for solid weekly gains on fears of wider Middle East conflict
Oil futures edged higher on Friday and remained on track for solid weekly gains as investors gauged the potential for a wider Middle Eastern conflict that could endanger crude flows from the region.
Home prices hit an all-time high, despite sluggish spring home-buying season
Existing-home sales fell to a rate of 4.11 million in May, the National Association of Realtors said.
U.S. economy flexes muscles in June, S&P finds, and poised for ‘robust end’ to second quarter
The U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.
Why Miller High Life is now on the menu at some of the fanciest restaurants in America
It’s really living up to its nickname: ‘The Champagne of Beers’
Leading economic index falls again, but it’s not signaling recession
The leading indicators for the U.S. economy sank again in May and declined for the third month in a row, but the index “doesn’t currently signal a recession.”
Legal cannabis sales eat into beer revenue, survey data shows
Consumers in areas where pot is legal say they’re drinking less alcohol, according to data cited by Bernstein analyst Nadine Sarwat.
Palantir’s stock draws a downgrade over its ‘gluttonous valuation’
An analyst thinks Palantir will see AI benefits but deems the stock’s valuation to be steep on a relative basis and given industry pressures.
Hertz upsizes junk-bond offering to $1 billion as it pushes ahead with fleet refresh
The offering is aimed at boosting liquidity and paying down part of a $2 billion revolving-credit facility.
Apple offers a bullish lesson for Nvidia, even as the chip stock heads for a dip
“Just because market value is transferring quickly, doesn’t make it wrong,” an analyst says.
Asking ‘now what?’ keeps this 65-year-old lifetime learner putting off her retirement — in a good way
What Pamela Teaster really wants to be is a paramedic, and she’ll think about retirement when she hits triple digits.
Trust your money to a young financial adviser? Increasingly you’ll have little choice.
As veterans retire, freshly minted advisers in their 20s and 30s are replacing them.
Wall Street’s favorite strategist discusses how to be a better investor
Morgan Stanley’s Michael Mauboussin has cultivated a loyal following over his nearly four decades on Wall Street. He joined MarketWatch for a brief interview earlier this week.
The bull market has crushed the shorts. That leaves stocks more vulnerable to bad news, says JPMorgan.
Short positions in popular assets are at record lows, implying a bet that volatility will stay low.
‘Her world is rocked’: A friend hit the jackpot, but her old friends are abandoning her one by one. Is there a cure for jealousy?
“Is this jealousy or a change in perceived status that has upended her friendships? Any ideas or cures?”
Actress Sydney Sweeney just bought this $13.5 million breezy retreat in the Florida Keys
Sydney Sweeney is on a red-hot streak with her real estate purchases, and this one is surrounded by water and palm trees.
Britvic rejects $3.9 billion takeover offer from Carlsberg
The British company which sells J2O said it had rejected Carlsberg’s offer to acquire it for 1,250 pence per share
Zealand Pharma shares surge after positive results of weight-loss drug that could contend with GLP-1s
Zealand Pharma said a second trial of patients on a higher dosage of its weight-loss drug showed an 8.6% drop in body weight.
Hacked customer data from LendingTree subsidiary is being auctioned: report
Hackers are auctioning off consumer data from QuoteWizard, a subsidiary of the lending platform LendingTree Inc., Bloomberg News reported on Thursday.
Autodesk’s annual meeting still on track after judge denies investor’s attempt to delay
Autodesk Inc.’s annual shareholders meeting will be held as scheduled on July 16, the software company said Thursday, after a judge rejected a bid to delay the meeting.
Most Americans think it’s a great time to sell a house. But watch out for the unexpected costs.
It may be a seller’s market, but homeowners thinking of listing their homes should be prepared for the costs that come with selling, which often amount to nearly $60,000, according to a new report.
Banks face $141 billion in commercial-real-estate losses, but they’ll handle it: analyst
Janney analyst Chris Marinac sees the largest potential losses in commercial real estate and offices for banks with more than $50 billion in assets, but said their reserves should hold.
Gold and silver futures settle at two-week highs
Gold and silver futures climbed Thursday, with prices for both metals marking their highest settlements in two weeks, as U.S. economic data raised prospects for Federal Reserve interest-rate cuts later this year.
Nvidia’s stock turns sharply lower with a $230 billion swing in market cap
A Mizuho analyst says investors shouldn’t flee big momentum plays like Nvidia, while a BofA analyst says the chip maker’s rally still has juice.
Trump Media’s stock has slid more than 30% over the past five days
Shares of Trump Media & Technology Group continued to fall on Thursday, after regulators this week cleared former President Donald Trump’s social-media platform to take steps that risked diluting shareholders.
AI drone fighters; robot cells, cows combating climate change — this fund manager focuses on life-altering technology
Aging, health and environmental challenges could get help from these innovations.
Hertz’s stock and bonds fall after company warns of much bigger quarterly loss as it unwinds EV fleet
Hertz Global Holdings Inc. warned of a much larger adjusted loss for the current quarter as it tries to unwind its bet on EVs and refresh its fleet.
Mortgage rates drop to a two-month low: Here’s how much a buyer would need to put down to afford monthly payments
The 30-year mortgage rate is averaging 6.87%. Freddie Mac said in its latest weekly survey on Thursday.
Winnebago’s stock slides after earnings fall short of estimates
Winnebago Industries Inc.’s stock fell 4% Thursday, after the recreational vehicle maker’s fiscal third-quarter earnings fell short of estimates.
I’m being pressured to buy an immediate annuity although I’m in poor health. Is this a bad idea?
The potential for loss makes buying an immediate annuity scary, especially for people with health issues.
Pandemic-related stress affected babies’ brain development, researchers find
The COVID-19 pandemic’s mental-health effects may reverberate through a new generation, research published Thursday suggests.
Good luck trying to buy a house — housing costs are at an all-time high, Harvard says
Renters looking to buy a house are facing the most expensive housing market in at least three decades, according to a new report by Harvard University.
Nine hot stocks, including Nvidia, that have become more attractive by this critical metric
For this group of soaring stocks, analysts’ earnings estimates have been rising more quickly than the share prices.
Jobless claims stay near a 10-month high. The end of the school year might be the reason.
The number of Americans who applied for unemployment benefits last week fell slightly, but new jobless claims stayed near a 10-month high, which may be related to the end of the school year.
‘His wife is manipulative’: My father married a woman, 60, with no money, then changed his will. How can I preserve my inheritance?
“He changed his will, leaving his new wife his share of the estate, plus all of the contents of the house, including family heirlooms.”
Housing starts fall to a four-year low
Construction on new U.S. homes fell 5.5% in May, the Commerce Department said Thursday.
Philadelphia Fed’s factory gauge barely grows in June
Index slips to 1.3 versus forecast of 5
Aurora Cannabis stock rises in premarket on narrower loss from the year-ago period
Revenue rises 5% to C$67.4 million.
Here’s why AMD’s stock was just dubbed a top pick
Piper Sandler likes the stock’s relative valuation and the company’s opportunity to benefit from the easing of supply constraints on its AI offerings.
Bank of England keeps rates steady, eyes August for inflation review
The Bank of England on Thursday decided to keep interest rates steady, possibly the last meeting it does so after inflation returned to its target.
AI mania is creating opportunities elsewhere, says money manager, who has three stocks to consider.
A “singular focus” on AI is creating a lot of opportunities for investors right now, if they will just look, says this money manager.
Danone announces plan to reverse performance which has lagged rivals
Danone aims to increase sales and earnings through 2028, aided by an expansion of its footprint and a focus on health and nutrition, as the company moves ahead with the strategic overhaul it put in place more than two years ago.
It’s all-round wild: This ‘salad spinner house,’ rented by Justin Bieber, can be yours for $35 million
Built by a prominent architect, the 6-bedroom, 7,500-square-foot glass-walled mansion is a bit of a landmark in L.A.’s ritzy Coldwater Canyon.
Steve Cohen’s Point72 looks to raise $1 billion for new AI-focused fund: report
The New York Mets owner has previously said he believes AI will be ‘transformational’
Dollar rallies after Swiss National Bank quarter-point rate cut
The dollar rallied against the Swiss franc after a quarter-point rate cut from the Swiss National Bank, its second of the cycle.
The highest government estimate of immigration is still too low, a new Wall Street report says
Barclays, in a new report on immigration in conjunction with the bank’s half-year outlook, estimated net immigration reached 4 million last year.
‘A few motherly words of wisdom can go a long way’: My two 30-something sons will each inherit $100,000. What should they do with it?
“We live in the greater Boston area, so housing costs are extremely high.”
Builders say they’re stuck as sentiment slumps to lowest level since December
An economist for a home builder group said there’s a catch-22 between inflation and interest rates.
Nvidia is one of the ‘three horsemen of AI.’ Here are the others.
Broadcom and Micron have distinguished themselves enough to earn a place alongside Nvidia as AI leaders, by one analyst’s assessment.
France and U.K. elections loom. One of them may be a big problem for markets.
The people of France and the U.K. will partake in overlapping elections starting towards the end of June. The market impacts are very different.
U.S. stocks remain a sweet spot at the half-year mark, but investors need this extra protection, says Societe Generale
There’s no reason to flee U.S. stocks, but investors should start broadening out that equity exposure to China, for one, says Société Générale strategists.
Stocks down 40% would pop this market bubble — but slow deflation is more likely than a quick crash
The U.S. market’s current bull run will end with a whimper, not a bang.
U.K. opens inquiry into Hewlett Packard Enterprise’s $14 billion deal for Juniper
Britain’s competition regulator on Wednesday said it’s opened a merger inquiry into Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks.
Who’s behind the mysterious DJT coin? Martin Shkreli claims ownership with Barron Trump.
Shkreli, who is widely referred to as ‘Pharma Bro,’ said he created the DJT crypto token with Donald Trump’s 18-year-old son after the price of the meme coin surged
Home buyers come off the sidelines as mortgage rates drop to the lowest level in two months
Mortgage applications rose 0.9% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.94%.
Nvidia’s rally faces latest test in Friday’s record-setting ‘triple witching’ options expiration
Nvidia shares could be in for a wild ride on Friday, as trading in contracts tied to the chip maker has surged ahead of a record-setting “triple witching” expiration.
My husband and I are retired and are invited to our niece’s destination wedding. Do we have to go — and buy a gift?
“We haven’t been to a wedding in decades.”
Sean Hannity cuts ties with New York, sells his Long Island estate for $12.7 million
The Fox News host traded New York for Florida earlier this year, declaring “I’m done” with the Empire State.
Shares of Warhammer maker Games Workshop surge on preliminary profit figures
Games Workshop, one of the most lucrative stocks in U.K. history, on Wednesday said its profit rose at least 17% in the just-completed financial year.
AbbVie says FDA approves Skyrizi for ulcerative colitis
AbbVie said that the heavily-advertised drug was now approved for four conditions across different so-called “immune-mediated” inflammatory diseases.
‘Make no mistake: Willie Mays was a baseball god’ — a fan’s appreciation
When it comes to Willie Mays, everyone wants to talk about “The Catch.” But I want to talk about the hit.
Inflation returns to Bank of England’s target for the first time in nearly three years
Inflation in the U.K. returned to the Bank of England’s target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.
Why the immigration surge under Biden is saving taxpayers money
A wave of illegal border crossings in recent years has sparked heated debate over U.S. immigration policy, but official estimates suggest the surge in migration over the U.S.-Mexico has done wonders for the federal budget outlook.
Oil prices settle at highest since April on brighter demand prospects
Oil futures on Tuesday notched back-to-back session gains to settle at their highest level in seven weeks, buoyed by upbeat prospects for global crude demand.
This family of four is hoping GoFundMe will save them from eviction — similar fundraisers have increased 40% since the pandemic
Rents aren’t growing as fast as they once were, but they’re stuck at a level where many people can’t afford them.
Vanguard, the low-cost investing pioneer, will now charge $100 to close an account — unless you’re a multimillionaire
The account-closure fee is a first for Vanguard, long a provider of low-cost investing options and a pioneer in passively managed index funds, and it’s not sitting well with some customers.
Meet the 10 biggest megadonors in the 2024 election cycle so far
Learn about each of the top 10 megadonors in the current election cycle.
New St. Louis Fed president says first rate cut might not come for months — or even longer
St. Louis Federal Reserve Bank President Alberto Musalem, in his first speech in his new role on the economy, said it could take months or even longer for conditions to emerge that would warrant cutting interest rates.
Fed’s Kugler sees interest-rate cut this year and says economy is ‘moving in right direction’
Federal Reserve Gov. Adriana Kugler on Tuesday said “it will likely become appropriate” to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.
Fed’s Barkin: More data is needed before any changes are made to interest rates
Richmond Federal Reserve Bank President Tom Barkin on Tuesday described the outlook for the U.S. economy as uncertain and said the Fed should keep its benchmark rate steady until a clearer picture emerges of the path of inflation and the labor market.
This hasn’t happened to restaurant spending since the pandemic
A sign of financial stress? Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic.
Scams against seniors are on the rise: ‘There’s no magic wand to get that money back’
How older adults can avoid cybercrimes and financial scams
Your family will love you even more if you simplify your estate
Have a clear road map for your estate so your heirs don’t drown in paperwork and probate after your death
Silk Road Medical’s stock rallies on Boston Scientific acquisition deal
Boston Scientific to pay double-digit premium to buy carotid artery disease treatment specialist.
New Boeing whistleblowers come forward ahead of Senate safety hearing
Boeing employee Sam Mohawk alleges that the company is improperly tracking airplane parts that should not be installed on airplanes for safety reasons.
Micron’s stock extends rally as analyst expects ‘only positive news’
Micron’s stock gains look poised to build Tuesday, reflecting growing optimism for next week’s earnings report.
This basic stock market truth shows why index funds are so hard to beat
Dow history shows that the odds favor bullish investors — regardless of market conditions.
Bacon-topped ice cream and other failures end McDonald’s AI drive-through experiment
Some of the mistakes the technology caused include adding nine sweet teas to one customer’s order and offering another an ice-cream cone topped with bacon.
Inflation and high interest rates constrain U.S. retail sales in May
Sales at U.S. retailers barely rose in May, suggesting Americans are feeling the weight of lingering inflation and high interest rates.
BlackRock launches more active ETFs, ramps up lineup amid ‘tremendous’ demand
BlackRock is launching two more exchange-traded funds that are actively managed by the firm’s professional stock and bond pickers amid rising investor interest in active ETFs.
Nvidia’s stock packs 50% more upside, says Wall Street’s new biggest bull
Many analysts have yet to update their Nvidia price targets to account for the stock’s rally over the past month, but a Rosenblatt analyst just did so in a bold way.
GameStop’s stock slides 1.7% as investors digest short annual meeting
Roaring Kitty weighed in on the event with fresh cryptic tweets.
Amazon’s New York Union votes overwhelmingly in favor of ratifying Teamsters deal
Amazon Labor Union members have voted overwhelmingly in favor of ratifying their affiliation with The International Brotherhood of Teamsters in a 98.3% vote, the Teamsters said on Tuesday.
Broadcom just keeps getting bigger as it’s deemed best AI stock besides Nvidia
Broadcom has passed Eli Lilly to become the eighth-largest U.S. company by market cap.
Record percentage of central bankers expect gold holdings to increase
The highest percentage of central bankers in at least six years expect their holdings of gold to increase, according to a closely watched survey released Tuesday.
Kansas sues Pfizer, saying it misled the public over COVID-19 vaccine
The lawsuit says Pfizer concealed information about adverse events while working to censor information on social media
Yogis who stole millions from ailing Malibu doctor expose the perils caregivers can pose to the vulnerable
Anthony David Flores was sentenced to nearly 16 years in prison.
Carrefour shares skid on report of possible fine
Shares of French supermarket giant Carrefour slumped on Tuesday after a report the French government wanted to levy a 200 million euro fine.
Troubled EV maker Fisker files for bankruptcy protection
The electric vehicle maker Fisker on Tuesday said it filed for bankruptcy protection, a step that came as little surprise after recently defaulting on a bond payment and halting manufacturing.
French stocks are pressuring widely held equities indexes. Should you buy the dip?
French stocks have taken a beating on election worries, dragging down popular equity indexes focused on countries outside the U.S.
How Nvidia’s new Street-high stock-price target stacks up in the chip sector
The new highest price target for Nvidia’s stock implies 21% upside from Friday’s close, but the most bullish targets for numerous other chip stocks suggest more room to run.
AMC’s theaters have their best weekend of 2024 thanks to ‘Inside Out 2’ — but its stock is falling
AMC Entertainment Holdings Inc. said Monday that its theaters just had their best weekend of the year in terms of moviegoers, but that didn’t stop the company’s shares from dropping in sympathy with those of fellow meme stock GameStop Corp.
A popular Wall Street currency trade is getting hit by geopolitical uncertainty
Concerns are being raised about how well the so-called carry trade in currencies can do after the foreign-exchange market was rocked earlier this month by Mexico’s election results.
Popular tech ETF forced to dump Apple stock, buy Nvidia in upcoming rebalancing
A major shakeup is coming to a popular tech-sector exchange-traded fund.
Is the stock market open on Juneteenth, June 19? Will the post office deliver mail?
The newest federal holiday will see many closures.
Harker says air of ‘uncertainty’ surrounds inflation, sees just one Fed rate cut in 2024
The chief of the Philadelphia Federal Reserve on Monday said one reduction in interest rates “would be appropriate by year’s end” based on the current trajectory of inflation and the U.S. economy.
8 stocks other than Microsoft, Apple and Nvidia that could be worth $4 trillion in three years
Stocks reaching the top of the market-cap rankings will often follow with below-average growth.
Apple and Alphabet are paying stock dividends. Amazon is next, these fund managers say
Amazon.com is primed for a payout, two investment pros believe. Knowing how companies use cash have helped them beat the market.
Former Chicago Fed President Charles Evans says September rate cut is possible
Economists are divided between a first cut in September or waiting for December. Traders in derivative markets see the Fed cutting interest rates twice starting in September.
This fund’s winning formula is diversified from your heavily weighted index fund
The Hennessy Cornerstone Mid Cap 30 Fund is highly rated and follows a fascinating stock selection methodology.
Steel stocks fall after a crop of profit warnings for the second quarter
Steel stocks moved lower early Monday, after a crop of steel companies issued profit warnings for the second quarter, amid pressure on prices.
GameStop investors brace for rescheduled annual shareholder meeting
GameStop Corp.’s stock shed early gains to trade flat on Monday, as investors braced for the company’s annual shareholder meeting which will take place at 11.30 a.m. Eastern after it was delayed by technical issues last week.
The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.
The sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductions,” Deputy Treasury Secretary Wally Adeyemo said.
Cannabis company Columbia Care to cut costs and sell its Florida business
Cannabist, the parent of Columbia Care, to shed workers as part of a plan to save $10 million.
New York Fed’s Empire State factory gauge contracts for 7th straight month in June
Headline index moves up 9.6 points, but only to negative 6 reading
Oil prices hold ground after slowdown in China crude demand
Oil futures edged higher early Monday, holding their ground after an initial dip following data that showed a fall in China crude demand in May.
Darts, monkeys and Wall Street: Your stock market success might just be dumb luck
Why stock investing is best done through an index fund.
When estate planning gets testy, this expert help can avoid probate and family fights
Here’s how to know that a financial adviser understands wills and trusts.
Wall Street’s new top S&P target is 6,000 — here’s why.’
AI exuberance can last longer than many reckon, lifting S&P 500 earnings multiples
‘It’s the saddest thing’: I’m happily retired and my friends want to know my secret. Should I give them financial advice?
“I’m in a comfortable position now where I can live off of my interest, dividends, Social Security, and retirement account.”
Goldman ups S&P 500 target for a third time — and says 6,300 is possible
The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
UBS offers to return money in Credit Suisse funds tied to Greensill Capital
The Swiss bank offered to give back 90% of any investments in the Credit Suisse funds that had put $10 billion into Greensill Capital before its collapse in 2021
Kaskhari says it’s ‘reasonable’ to predict Fed won’t cut rates until December
It’s a “reasonable prediction” that the Federal Reserve will wait until December to cut interest rates, Minneapolis Fed President Neel Kashkari said Sunday.
Activist investor Starboard reportedly seeking changes at Autodesk
Activist investor Starboard Value has taken a roughly $500 million stake in Autodesk Inc., the Wall Street Journal reported late Sunday, and is seeking changes at the software company.
There’s an unbalanced economy of have and have-nots. Here’s how investors should approach that, says Morgan Stanley.
There’s an unbalanced economy of have and have-nots. Here’s how investors should approach that, says Morgan Stanley.
Big Tech—not the Fed—is driving the stock-market rally. Here’s what investors need to know.
Big tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock market could shrug off concerns about the interest-rate outlook to sustain its upward momentum.
Inflation is widening the divide between how the wealthy and everyone else sees the economy
A steadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.
This crypto ETF could give you income and hedge inflation
Ether ETF with a ‘staking’ feature would offer something bitcoin ETF doesn’t — potential for capital appreciation and dividends.
These stock sectors have fallen so much they now look attractive, analyst says
The sharp selloffs some sectors have been seeing relative to the broader market could be a sign of underlying weakness, but Janney analyst Dan Wantrobski says they are actually presenting near-term buying opportunities.
Baby boomers are retiring. Helping fill those work vacancies is government’s job.
This federally funded program successfully connects job seekers with employers. Give it the money it needs.
Nvidia could pass Apple, Microsoft to become world’s most valuable company and first $4 trillion stock
CEO Jensen Huang is several moves ahead of Nvidia’s rivals, money manager Louis Navellier says.
These 4 S&P 500 stocks are helping to tame U.S. market volatility
Stocks not only can gain with the VIX at such extreme lows — they usually do.
Scientists can now tell if you’ll get Alzheimer’s years in advance — with more than 80% accuracy
A breakthrough will help treatment and drug trials, scientists say.
‘We get a raw deal’: On Father’s Day, here’s the worst thing you can do — and it doesn’t involve giving your dad a ‘crummy’ tie or tickets to see Taylor Swift
“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
Investors in recent Broadway shows could lose a staggering $200 million
Ahead of the Tony Awards on Sunday night, the industry has yet to regain its prepandemic form at the box office.
Will Nvidia spur a stock-split frenzy? Why companies have been waiting longer to split.
Companies like Broadcom and Chipotle say lower stock prices are more accessible. But the prevailing mindset has been that a higher price signals companies are “doing something right.”
How much do you need to earn to buy your first home? Here’s what the typical home buyer looks like today.
Thinking of buying a house? You’ll probably need to make nearly six figures — and have $13,000 in the bank — to achieve that dream, according to a new report.
Reports of the petrodollar system’s demise are ‘fake news’ — here’s why
Stories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi Arabia spread like wildfire on social media. But the agreement never existed.
These numbers show that banks’ risk from office real estate has been exaggerated
Christopher Marinac of Janney Montgomery Scott says banks are providing a lot of information that is being ignored.
‘She won’t be happy until he’s in a homeless shelter’: My sister wants our father to refinance his $1.2 million home to pay off her $120,000 debt
June 15 is World Elder Abuse Awareness Day.
As Nvidia soars, the stock market’s deflated laggards spark concern
America may love a winner, but it’s the losers — and there are lots of them in the stock market — that are starting to attract attention.
What Wells Fargo’s ‘mouse-jiggler’ scandal says about the problem with work right now
Devices that help people fake time at their desks may also be a symptom of employees struggling to keep up with the always-on, always-available expectations of their jobs.
This spot-on recession indicator is flashing red
‘Schannep Recession Indicator’ typically triggers within six weeks of the start of a recession
‘We, his children, do not trust her’: My elderly father is recently widowed. His new girlfriend is putting him under pressure to get married. What can we do?
“We are so worried she will convince him to sneak off and marry at the courthouse.”
Index funds are ruining the stock market
Passive investing is making market concentration worse, says new research
This underrated Hasbro business is gaining traction amid weaker toy demand, analysts say
BofA analysts said Wall Street hasn’t appreciated the potential of the toy maker’s digital-gaming business, which they believe could help drive a rebound for the company next year.
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.
French banking-sector bonds buckle as Paris awaits snap elections
Bonds issued by French banks have been selling off, along with government bonds and stocks, as Paris prepares for snap elections that aim to limit the role of the nation’s far-right party in the government.
Apple’s stock is leading the Dow this week — and could see more momentum ahead
If Apple shares sustain their gains, more long-only funds that are underweight Apple could pile into the name, one analyst noted.
Bond market’s rally may have more room to run: ‘What a week it’s been’
The $27 trillion U.S. government-debt market is about to conclude a momentous week of trading that’s sending the 10-year Treasury yield down to an 11-week low of 4.2% and could even have more room to run.
The Supreme Court sided with Starbucks in its labor dispute. One expert says it probably won’t stop people from unionizing.
Starbucks Workers United said the ruling “underscores how the economy is rigged against working people.” The coffee chain, meanwhile, said it levels the playing field.
Americans really hate inflation. But is it actually worse than a recession?
Some consumers seem to prefer an economic downturn to inflation, the Minneapolis Fed president said. MarketWatch asked economists which is worse.
Why Roaring Kitty is a GameStop ‘true believer’
Influential trader Keith Gill, also known as Roaring Kitty, is a “true believer” in GamepStop Corp., according to Derek Horstmeyer, a professor of finance at the Costello College of Business at George Mason University. Gill this week increased his stake in...
Are you experienced? How your years in the labor force could work against you.
When having work experience is a bad thing: Older workers are “discounted simply because of their age.”
Trading watchdog FINRA’s new post-COVID work-from-home rules ‘causing headaches’
Industry members say changes are confusing financial-services firms.
Arm’s latest bit of good news? Respect from a high-profile index.
Arm’s stock is heading for its fifth day in a row of gains — and soon it will be part of the Nasdaq-100.
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
Consumer sentiment index drops to 65.6 in June from 69.1
‘Don’t be a cruise snob’: How I learned to love sailing on the high seas
In the post-pandemic world, cruising has become an increasingly popular vacation choice — and for good reason, the author argues
Popular tech-sector ETF could see major shakeup as Apple, Microsoft and Nvidia jockey for position
One popular passive exchange-traded fund could soon see a major shakeup with potentially serious ramifications for the technology stocks that have been driving much of the market’s gains in 2024.
Zscaler’s stock has been a laggard this year. Why JPMorgan says it can rise 25%.
Zscaler shares are down 18% so far this year, and JPMorgan sees a buying opportunity in the cybersecurity name.
Import prices fall sharply in another sign of fading inflation
The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.
Israeli 3-D printing company Xjet pulls its planned IPO
The company was planning to raise $6 million at a $77 million market cap. Proceeds of the deal were to be used for working capital, but also to fund acquisitions of new businesses or technology.
Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide
Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.
GameStop’s stock pares back gains as Roaring Kitty grows stake
Influential trader Keith Gill, also known as “Roaring Kitty” has grown his stake in video game retailer and original meme stock GameStop.
When stock markets are a mess, this asset is a great guide to risk appetite
There’s a handy tool for gauging underlying sentiment in a messy, volatile stock market.
If you’re a retiree and you need income, grab these savings rates while you can
If inflation forecasts keep plunging, interest rates will follow.
‘I am paralyzed’: I have $68,000 in credit-card debt. I have a $250,000 mortgage and earn $55,000. How can I dig myself out of this trap?
“This is all so stressful — and it’s all I think about.”
Take a look inside Shirley MacLaine’s New Mexico ranch
After appearing on and off the market over the past year, Shirley MacLaine‘s Pueblo-style ranch in Santa Fe, N.M., has finally sold.
Tesla’s scare tactics worked to win shareholder approval of Elon Musk’s pay, but problems remain
Many Tesla Inc. shareholders bought into the veiled scare tactics about keeping Chief Executive Elon Musk motivated at the electric-vehicle maker, as they ratified his massive, $46 billion stock plan Thursday.
Yen, Japanese bond yields fall on Bank of Japan ‘stalling tactic’
The Japanese yen and bond yields fell on Friday as the Bank of Japan opted to wait a month before telling the market how it will reduce its purchases of bonds.
Spread between French and German yields widens on poll nervousness
The spread between French and German 10-year government bonds continued to widen on Friday on nervousness that French parliamentary elections could yield a fractured body.
Is GameStop the next Berkshire Hathaway? Here are 3 ways the company could spend its $4 billion cash pile.
The videogame retailer appears to be angling to become an investment-holding company, some analysts say. But there are other ways it could put its money to work.
Stock buyers are keeping S&P 500 momentum strong and volatility low — for now
A low VIX is an overbought condition, but it is not a sell signal.
Yellen says ‘tax cuts for those at the top’ and deregulation don’t deliver broad-based prosperity
Treasury Secretary Janet Yellen on Thursday criticized some economic policies backed by presumptive Republican presidential nominee Donald Trump and his allies, as she delivered a speech at an Economic Club of New York event.
We’re in our 70s and don’t trust our family to handle our estate. What can we do?
There are options for people who don’t have family — or don’t want their family — to handle their affairs
GameStop shareholder meeting runs into technical issues, but stock continues to rally
The videogame retailer and original meme stock postponed its annual shareholder meeting amid technical issues, according to social-media posts.
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‘Gensler will be gone.’ Here’s why Democrats are getting on board the crypto train.
Former Democratic Rep. Tim Ryan says crypto is gaining traction in his party.
Early signs of dementia may show up in your credit score and mortgage payments. Here’s how to catch it.
Signs of cognitive decline can show up in everyday financial transactions. Here’s what to do if you spot any.
These space stocks deserve attention, analysts say
It has been a busy few weeks for the U.S. commercial space industry, marked by milestone launches that have thrust space-related stocks into the spotlight.
Jobless claims jump to highest level in 10 months
The labor market may no longer be overheated
‘Definitely hold on to your Apple position,’ says ‘Big Short’ investor Steve Eisman
Apple Inc. remains a central figure in an AI story that’s driving the economy and markets, says investor Steve Eisman of ‘Big Short’ fame.
Abortion pill mifepristone survives Supreme Court challenge
The U.S. Supreme Court on Thursday unanimously rejected a challenge to the abortion pill mifepristone, saying the plaintiffs in the case did not have the legal standing to sue.
Wholesale prices drop and add to evidence of easing inflation
U.S. wholesale prices fell in May for the second time in three months — thanks partly to lower gas prices — in perhaps another sign an upturn in inflation earlier this year is fading.
Publisher of ‘For Dummies’ series is training AI with its content, and its stock is rallying
John Wiley & Sons’ stock was up by 16% after the publisher said it is “seeing significant interest in leveraging our authoritative content to train AI and machine-learning models.”
Why Broadcom’s stock could book its biggest gain in four years
The stock is up 13% in morning action, putting the semiconductor and software company on pace to add about $90 billion in market cap if that rally holds through Thursday’s close.
Treasury yields have entered ‘the soft landing zone.’ Regional banks could benefit.
Treasury yields touched their lowest levels in more than two months following Wednesday’s cooler than expected CPI print, bringing them to the upper bound of what analysts at Renaissance Macro deemed “the soft landing zone.”
Students at nation’s largest Christian college allege they were duped into enrolling through racketeering scheme
They signed up to earn their graduate degrees with promises they could complete school quickly and affordably. But they wound up mired in extra courses and on the hook for thousands of dollars more than they were told.
Retirement is about much more than having enough money
Some financial advisers are trying to help clients with the nonfinancial aspects of retirement
Tesla expects to raise price of Model 3 in EU as bloc preps import duties on cars made in China
The EU is planning to levy import duties on cars made in China, starting in July.
A higher return than Nvidia’s by 2030? Here’s the stock that will do it, says this analyst
Lead tech analyst at the I/O Fund, Beth Kindig, who has made some prescient calls, says Nvidia can be beat in the long run.
I’ll have a monthly income of $12,000 in retirement. My mortgage rate is 2.25% — should I pay it off with funds from my 401(k)?
“Throughout our 40-plus year marriage we have been a one-income home household.”
Inflation is cooling — but Americans’ concerns about it are hotter than ever, by one measure
Wall Street investors are cheering an inflation report showing no monthly increase in the cost of living during May — but good luck convincing consumers that the flat numbers are positive news.
Wait, your baby doesn’t have a credit card? These 8 steps will put your infant on a strong financial footing.
There are steps parents can take to bolster their children’s financial security, and many are relatively easy and inexpensive.
‘Bachelor’ creator Mike Fleiss is looking for a renter for his cliffside Malibu pad for just $65,000 a month
Take a look at the pretty details of this Mediterranean-style villa in this rare offering.
‘Thanks for your support!’ Musk says Tesla shareholders have backed his $56 billion pay package
Elon Musk said in a post on X that Tesla shareholders have voted to approve two controversial proposals
Virgin Galactic shares plunge on reverse stock-split announcement
The 1-for-20 reverse stock split will take effect at the close of trading Friday.
Online broker eToro partners with X to educate investors through social media
Online brokerage eToro has announced a partnership with social-media platform X to provide educational resources about investing on the platform.
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Tame CPI data sent investors back into beaten-down regional-bank stocks and bonds.
Biden’s small-business boom may undercut Trump’s economic edge
Entrepreneurship is nothing short of a civic religion in America, and so it’s no wonder that President Joe Biden’s administration is loudly touting a recent surge in the formation of new businesses ahead of November’s election.
U.S. budget deficit hits $1.2 trillion with fiscal year now two-thirds over
The cumulative U.S. budget deficit has reached $1.202 trillion with the federal government now two-thirds through its current fiscal year, driven in part by rising interest payments on the national debt.
Fed’s $1 trillion pile of paper losses are turning into actual losses — with more in sight
The Federal Reserve’s roughly $1 trillion pile of paper losses stemming from its underwater securities holdings have begun to turn into more than $100 billion in actual losses, with no relief in sight.
As HPE’s stock heads for another high, its bonds have been selling off
CreditSights is advising investors to await new bond issuance related to HPE’s acquisition of Juniper Networks.
Hedging against a stock-market selloff has almost never been cheaper
A team of analysts at SocGen recommend investors protect their gains by buying a put spread that would deliver a max payout if the S&P 500 falls 15%
Inflation data throws President Biden a lifeline
Two big things just happened on Wall Street in response to the latest inflation data. And both of them should give President Joe Biden some rare relief in his presidential campaign.
Bitcoin ETFs are supercharging this popular crypto trading strategy — what you need to know
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.
Dividend stocks can help lower your risk. Many are bargains right now.
Ben Kirby of Thornburg Investment Management says the timing is right for diversifying your stock-market exposure with high-dividend payers.
Social Security’s COLA could be lower in 2025 amid cooling inflation
The cost-of-living adjustment is supposed to keep pace with inflation and preserve buying power for its recipients
How will the soft May CPI reading impact the Fed? By starting the clock on a potential September rate cut.
The Federal Reserve is seen as likely to pencil in two cuts over its last four meetings this year, which would keep the door open for a September move.
Stocks’ path to record highs is increasingly narrow. Why a selloff may be overdue.
The S&P 500 and Nasdaq Composite marched to record highs on Tuesday — their 27th and 15th of 2024, respectively. But beneath the surface, signs of weakness proliferated.
Battery-metals maker Umicore cuts guidance on EV market slump
Umicore said it expects sales of its battery metals could be “equal or lower” than last year due to a “sharp slowdown in the growth of demand for EVs.”
GameStop says it raised $2.14 billion in share sale. Roaring Kitty memes continue.
GameStop Corp. said it raised around $2.14 billion in a share sale. Shares were dropping in premarket on Tuesday.
My husband and I are in our 30s, earn $120,000 a year and pay $1,500 in rent. Will we ever own a home?
“We both have a 401(k), his totalling $20,000 and mine just over $56,000.”
Oil’s last ‘hurrah’ is coming. Here’s the commodity investors should be buying instead, says Citi
Citigroup analysts are bearish on oil, but say copper is firing on all cylinders.
FedEx laying off up to 2,000 workers to save up to $175 million a year
Stock price rises on plans by package-delivery giant to become leaner.
SEC fines short-seller over secret payments to publisher of bearish reports on cannabis stocks
Anson Funds Management and Anson Advisors were fined $2.25 million for making secret payments to a researcher who published bearish reports and negative tweets about two cannabis stocks
Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories
Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.
EU to impose tariffs of up to 38% on Chinese electric vehicles
EU to impose tariffs of up to 38% on Chinese electric vehicles
Nelson Peltz’s activist fund Trian Partners takes ‘significant position’ in U.K. pest control firm Rentokil
Shares in Rentokil Initial jumped by up to 16% on Wednesday on reports Nelson Peltz’ Trian Partners had acquired a substantial stake in the pest control firm
This widespread inflation myth is a big problem for Biden
Many consumers think the government is to blame for higher prices, new research shows. That’s “punishing” for the president, one expert says.
‘I have a new lease on life’: I sold my business for $130,000. It’s the first time in my life I’m not living paycheck to paycheck. What should I do with this cash?
“I have $150,000 left on my mortgage with 7.3% interest.”
Gwyneth Paltrow is selling this show-stopping Brentwood estate for $30 million
The eight-bedroom, 11-bath estate includes a chef’s kitchen, wine cellar, estate manager’s office, gym, and game room and home theater.
Nathan’s hot-dog eating champ Joey Chestnut is now promoting plant-based franks
The competitive-eating great is joining forces with plant-based meat company Impossible Foods — but he’s been banned from the Nathan’s Famous Fourth of July event as a result.
Oracle’s cloud AI deals excite investors, but do they have long-term potential?
‘We do not believe these AI demand-driven partnerships will last forever,’ one analyst says.
Natural-gas surges over 7% to end at 5-month high on forecasts for extreme heat
Natural-gas futures jumped more than 7% Tuesday, lifted by weather forecasts calling for above-average heat across much of the U.S.
Apple Intelligence today is like seeing the first iPhone back in 2007. You know great things are coming.
If you had judged the iPhone based on the original product, you would have missed the entire vision.
Fed’s rate-cut path in 2024 is a ‘very close call’ as market awaits Powell’s guidance
Markets are gearing up for a big day on the U.S. economic calendar.
Virgin Galactic shares skyrocket, on pace for biggest gain in 2 weeks
The space-tourism company’s stock rallied Tuesday after ending Monday’s session down more than 5%.
GM cuts EV production outlook but stresses that demand remains strong
Shares of General Motors Co. were trading at more than a two-year high but pared earlier gains after the automaker cut its full-year outlook for electric-vehicle production.
Buffett partner Charlie Munger kept these rules about investing and life that you can use too
A tribute to the late ‘architect’ of Berkshire Hathaway highlights his guiding principles and philosophy.
I met a woman on Hinge who says she wants a man who believes in ‘chivalry.’ Is this just code for a free meal?
“She said her ideal date was a man who would give her a choice of three restaurants and take charge of the date.”
Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.
Trump wants IRS to stop taxing workers’ tips, as Americans say tipping is ‘out of control’
While Americans mull which workers to tip and how much they should be paying them, former President Donald Trump is saying tip earners shouldn’t have to give the Internal Revenue Service any cut of the gratuities they receive.
Affirm’s stock charges up after Apple announces payments partnership
Affirm Holdings’s stock rallied Tuesday after the provider of buy-now-pay-later payment options disclosed a partnership with Apple.
Americans agree: No one knows what to do about student debt
A new poll finds that the majority of Americans don’t approve of how government leaders, regardless of their party or position, are handling student loans.
GM board approves a new $6 billion stock-buyback program
In another shareholder-friendly move, the company raised its quarterly dividend in the first quarter to 12 cents a share from 9 cents previously.
Wells Fargo exec sees the most loan stress in older office buildings
Wells Fargo CFO Michael Santomassimo points out some bright spots along with loan problems in commercial real estate.
This cell-tower REIT is laying off more than 10% of its employees
Crown Castle announced Tuesday some changes in how it will run its fiber business, which the cell-tower real-estate investment trust said will lead to a workforce reduction of more than 10%.
Good news on inflation? CPI might show signs of easing prices.
A surprisingly muscular May jobs report didn’t give the Federal Reserve any comfort that inflation is softening, but the latest consumer-price index might offer some good news.
Roaring Kitty shows he’s holding his GameStop position as stock continues slide
Influential trader and analyst Keith Gill, also known as Roaring Kitty, sparked the recent meme-stock rally with his return to social media.
I’m 64 and retired to watch my grandkids. My husband, 65, and I have $1.7 million. When should we claim Social Security?
“Should we wait longer to collect Social Security and live off of our 401(k) plans for two years?”
Grab these CDs with rates of up to 5.4% while you can
You may be thanking yourself in a few months.
Apple Intelligence could be the superpower AI assistant we’ve always wanted
Apple’s WWDC announcement is all about you and your digital life.
BJ’s expands same-day delivery to big-ticket items such as outdoor furniture and TVs
Retailers are stretching to find ways to attract shoppers stressed by a long period of inflation, as they have become highly selective in purchasing.
Why this famed value investor sees bitcoin as ‘significantly undervalued’
Our call of the day from Bill Miller IV, portfolio manager and co-founder at Miller Value Partners, says he’s “still betting on bitcoin.”
‘I once felt that I had nothing’: I had a $8,000 debt that I was ashamed to reveal to my boyfriend, but I turned my life around
“I now see the light at the end of the tunnel.”
Taylor Swift favorite Golden Goose aims for $2 billion valuation in upcoming IPO
Golden Goose, which makes the scruffy sneakers worn by Taylor Swift, is looking to raise $600 million in what is set to be Italy’s biggest public float in more than a year
Bill Gross prefers European bonds over Treasurys and says U.S. stock market is valued at historically high levels
Bill Gross said he would not be comfortable taking a broad position in U.S. stocks, and preferred European government bonds over Treasurys, which could be significantly impacted by the U.S. election.
Jessica Chastain’s elegant Gilded Age New York apartment is yours for $7.4 million
The circa-1885 apartment is in the center of Manhattan, across from Carnegie Hall, near Broadway theaters and Central Park.
Elon Musk rails against Apple-OpenAI deal, threatens to ban iPhones from his companies
Tesla Chief Executive Elon Musk threatened to ban Apple iPhones from his companies Monday, calling the tech giant’s new deal with OpenAI a security risk and escalating his long-running feuds with both companies.
OpenAI taps veteran of Nextdoor and Square as new CFO, dismisses IPO speculation
Artificial-intelligence developer OpenAI said Monday that Sarah Friar would become its next chief financial officer, as it prepares to work more closely with a growing number of large companies and deal with an increasingly fraught landscape for the technology.
Boston Beer merger with cannabis company Green Thumb seen as ‘low-hanging fruit’: analyst
A proposal by Green Thumb CEO Ben Kovler to merge with Boston Beer Co. would capitalize on growing cannabis consumption as some alcohol sales drop, an analyst said Monday,
Cooling costs are expected to soar this summer. Here are 5 ways to keep your bills down.
Air-conditioning bills are expected to soar this summer, but there are steps consumers can take to control them.
Newsmax plans to go public in deal expected to raise $75 million
The company will list on NYSE or Nasdaq later this year or early in 2025 as “NMAX.”
Monster’s co-CEOs sold a chunk their company’s stock — but wanted to sell a lot more
Monster Beverage Corp. said Monday that it has completed its tender offer to buy back $3 billion worth of its shares, including about $24 million worth of shares that were owned by co-Chief Executives Rodney Sacks and Hilton Schlosberg.
The bank stocks that conservative investors should consider
The stocks and funds popular among top performing investment newsletters
Elon Musk says it’s ‘not cool’ that big Tesla shareholder opposes $56 billion pay package
Musk says that “roughly 90% of retail shareholders” support a plan to give him a $56 billion bonus this week.
These restaurant companies are expected to show the fastest growth through 2026
Recent winners that are expected to continue rapid expansion include Wingstop, Domino’s and Chipotle, while Starbucks is expected to get its house in order.
Walmart upgraded to buy as third-party sellers, advertising and improved fulfillment are winning customers
Advertising, online third-party marketplace sales and fulfillment services now account for about 80% of operating profit in the U.S.
Here’s when the inflation-fighting power of TIPS bonds and ETFs really kicks in
As inflation expectations rise, so does the average amount by which TIPS outperform U.S. Treasurys.
Republican or Democrat doesn’t matter. Presidential elections boost stocks.
The Dow’s average return is higher in the five months prior to voting.
As Nvidia’s stock split takes effect, this stat shows how far it’s come
Nvidia’s stock is trading Monday near $120, a function of the company’s 10-for-one stock split that was enacted after Friday’s close.
Oil prices nudge higher after third straight weekly loss
Oil futures saw tiny gains early Monday, attempting to find a footing after an OPEC+ decision to begin unwinding some voluntary production cuts later this year helped crude post a third straight weekly decline.
Southwest Airlines’ stock surges after activist Elliott says it can soar 77%
Southwest Airlines’ stock surged toward their best day in more than two years Monday, after The Wall Street Journal reported activist investor Elliott Investment Management has amassed a near $2 billion stake in the airline.
Perion’s stock falls after ad-tech company loses Microsoft Bing business
Perion’s stock was down 27% on reduced revenue outlook.
FuelCell’s stock gains after earnings but is still in delisting territory
FuelCell’s stock got a slight lift Monday after the fuel-cell-technology company reported fiscal second-quarter results, but the boost was not enough to get the stock out of delisting territory.
Krispy Kreme’s stock soars after Truist upgrades it to buy on high hopes for McDonald’s deal
Truist analysts say it’s time to “indulge in an underappreicated story.”
Adobe’s stock gets a downgrade as its AI narrative is nuanced
The software company reports earnings on Thursday.
PishPosh is again seeking to go public
Just two months after pulling plans for a deal, the online retailer of baby products is again filing for an IPO.
‘People get wealthy in many different ways.’ Money you keep matters more than how much you make.
Save diligently and spend prudently — unless of course money is no object.
Nvidia, Intel, Qualcomm and other chip giants are competing to put AI on your PC. Here’s the front-runner.
How Big Tech’s big week in Taiwan and Nvidia’s Jensen Huang revealed AI’s future on the laptop.
Moderna’s combo COVID and flu vaccine works better than stand-alone shots on the market, study finds
Moderna’s experimental combination COVID and flu vaccine triggered better immune responses than stand-alone shots currently available on the market, according to clinical trial data the company released Monday.
‘She has been homeless at times’: How can I leave my financially irresponsible daughter $500,000 without asking for trouble?
“She should at least have a roof over her head as she ages.”
How Wall Street’s hopes for multiple Fed rate cuts this year came undone
May’s jobs report shocked traders and economists and complicated the question of where policymakers should go from here.
The famous ‘Home Alone’ house lasted just a week on the market at $5.25 million
The 9,126-square-foot home in Winnetka, Ill., was featured in the beloved 1990 holiday film .
Elliott reportedly builds big stake in Southwest Airlines, will seek changes
Activist investor Elliott Investment Management has taken a large stake in Southwest Airlines and intends to push for changes, the Wall Street Journal reported late Sunday.
Driller Noble to buy Diamond Offshore for $1.6 billion
Offshore drilling contractor Noble Corp. on Monday said it will acquire rival Diamond Offshore Drilling in a cash and stock deal with an implied value of $15.52 per share.
Euro slides, French stocks slump as EU elections lead to turmoil
The euro fell vs. the British pound on Monday after European political turmoil that saw France call an unexpected election and Belgium’s prime minister resign.
Stock market faces midweek double whammy with Fed decision following CPI inflation reading
Stocks will enter the week near all-time highs as investors await a key inflation reading and guidance from the Federal Reserve.
Executives’ ‘recession’ chatter hits lowest point since post-lockdown rebound year
After 2022’s inflation surge, many economists were convinced the nation was destined for a recession. Today, executives, at least, are not nearly as worried.
Apple’s WWDC is on deck. Here are 5 things to expect as AI comes into focus.
Apple’s WWDC kicks off Monday with CEO Tim Cook’s keynote address.
Virgin Galactic completes final Unity flight, sets sights on new Delta spacecraft
Virgin Galactic Holdings Inc. successfully completed the final commercial flight of the space tourism company’s Unity spacecraft Saturday, marking an important milestone for the firm.
Boeing could have learned from McDonald’s about how to manage a crisis — and its customers
3 warning signs investors need to watch out for.
Why the Dow brushed off surging Treasury yields after a hot May jobs report
Treasury yields are jumping, but stock-market investors appear unfazed by a hot May jobs report.
Norway’s oil fund to vote against Musk’s $56 bln Tesla pay award
The world’s largest sovereign wealth fund has said it will vote against ratifying Elon Musk’s $56 billion pay award at Tesla, as the largest remuneration package in U.S corporate history comes under shareholder scrutiny.
Roaring Kitty is taking us to GameStop fantasyland: No short squeeze is coming
Here’s the reality: GameStop has few growth prospects and questionable survival potential.
These 5 metro areas have hot job markets — and rents that you can actually afford
MarketWatch looked at the places where unemployment is low and rent is still cheap compared to incomes. One small Midwestern metro area came out on top, thanks to “jobs that support families.”
Watch out, job hunters: If you want to get hired, you might have to work for free first
As the job market slows, applicants say employers are increasingly asking them to complete time-consuming projects, presentations and extra work as a part of the interview process.
A look inside a $1 billion real-estate bet on the future of San Francisco
Developer Michael Shvo is getting ready to show off his revamped Transamerica Pyramid.
S&P 500 is now giving a ‘buy’ signal and there’s strong support for a summer rally
Plus, action for options traders in Walgreens Boots Alliance and Core Scientific shares.
My wife and I are nearing retirement — and have $4 million in real estate. Should we sell our properties and invest the money?
“Retirement for me does not look like sitting still anywhere.”
Crypto bulls celebrate latest price run-up with RFK Jr. and take pot shots at Jamie Dimon
Crypto enthusiasts celebrated the presidential candidate and mocked the JPMorgan CEO at this year’s Consensus conference in Austin, Texas.
Fidelity is winning ETF revenue-sharing deals after its service fee shook the booming industry
‘Everyone is fighting to preserve their slice of the economic pie,’ in the booming world of ETFs
Fed won’t move interest rates next week, but meeting will still be a feast for economists
The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely for any clues on the timing of the first rate cut in four years.
Nvidia CEO on work/life balance: ‘When I’m not working, I’m thinking about working. And when I’m working, I’m working.’
Jensen Huang, founder and chief executive of Nvidia, leans a lot more toward work in his work/life balance.
Beyoncé tickets and a luxury trip to Bali: What Supreme Court justices got as gifts
Justice Clarence Thomas disclosed additional luxury vacations funded by Republican megadonor and real-estate tycoon Harlan Crow.
Why Tesla’s latest Model 3 financing offer still isn’t a good deal for many car buyers
The 1.99% promotional rate is for orders placed through June 16. Here’s what else potential Tesla customers should know.
SL Green to start deploying $1 billion arsenal for New York real estate this year
Landlord giant SL Green Realty expects to raise more than its initial $1 billion target for a new war chest aimed at distressed New York commercial real estate, and plans to begin deploying it this year.
CrowdStrike, KKR and GoDaddy to join S&P 500
Cybersecurity company CrowdStrike Holdings Inc., private-equity giant KKR & Co. Inc. and web host GoDaddy Inc. are set to join the S&P 500 index at market open on June 24.
Stock market’s records belie the cracks forming beneath the surface
The S&P 500 and Nasdaq Composite both claimed record highs this week. But fewer stocks are marching higher alongside them.
‘The China equity trade is back’ and here are the stocks to pick, says SocGen
Analysts are getting increasingly more positive about Chinese stocks.
Credit-card borrowing drops unexpectedly in April for first monthly decline in 3 years
While total consumer credit rose in April, consumers shied away from using credit cards, according to the latest government data released Friday.
AMD’s stock hasn’t been feeling the love. Here’s why that could change.
AMD and Nvidia shares have been on different tracks in recent months, but one analyst says AMD “deserves more attention” for its AI offerings.
College tuition is due soon. What to do if you can’t write a $45,000 check right now.
If coming up with that first tuition payment is making you panic, there are some options that could help.
Possible Trump pick for Treasury lays out 3-point economic plan that calls for deregulation, lower deficit
Hedge-fund manager Scott Bessent — viewed as in the running to become Treasury secretary in a second Trump administration — has offered a three-point economic agenda, with his proposal coming Thursday evening as he spoke at a conference run by the Manhattan Institute,...
Tech stocks see biggest weekly inflows in over 2 months as megacaps stage comeback
U.S. technology stocks just posted their largest weekly inflows in nine weeks, with the sector seeing a comeback after its megacap-led rally lost steam by the end of May, strategists at BofA Global Research said Friday.
My wife has Parkinson’s, I want to protect her if something happens to me. How should I handle power of attorney?
It’s important for her to maintain independent decision-making authority as long as possible
What Nvidia’s stock split means for investors
Nvidia’s stock will start trading Monday on a split-adjusted basis, and while shares have surged in recent weeks, one strategist says the effects of a split are largely psychological.
Biden or Trump? Watch these 2 economic indicators for clues on the election.
The November election will be about many issues that aren’t directly tied to the economy, but economists and political scientists say in a close election, economic conditions can be a critical determinant of the outcome.
Oil is ‘best hedge’ against geopolitical risk ahead of U.S. election, BOfA says
Investors looking for the perfect hedge for geopolitical risks ahead of the U.S. election have a perfect option in crude oil, according to Bank of America.
Roaring Kitty livestream: GameStop shares fall ahead of Keith Gill’s YouTube return
You can watch Roaring Kitty’s eagerly-anticipated livestream here.
‘They think I’m rich because I have a very nice house’: My friends order drinks and pricey dishes in restaurants. Is it rude to ask for a separate check?
“I am comfortable. I retired four years ago. I don’t drink much alcohol.”
Gold suffers a ’double whammy’: strong U.S. jobs growth and pause in China buying
Gold futures were on track to post their lowest finish in about a month on Friday, pressured after stronger -than-expected monthly U.S. jobs data and a report that China’s central bank paused its year-and-a-half long streak of bullion purchases last month.
GameStop’s stock falls following downbeat earnings and plan to sell more shares
GameStop’s stock erased premarket gains as well-known meme trader Roaring Kitty readied for his livestream.
7 myths that undermine Social Security
These false narratives can erode support for Social Security
Nearly 9 in 10 people say it’s a bad time to buy a house. ‘Consumers struggle to find the positives,’ economist says.
People are getting fed up with the housing market, with the home-buying sentiment plunging to an all-time low, according to a new survey by Fannie Mae.
Eli Lilly’s Alzheimer’s drug to face safety, dosing scrutiny from FDA advisers
When a Food and Drug Administration advisory panel meets Monday to size up an Eli Lilly experimental Alzheimer’s drug, questions about safety, selection of patients for treatment, and dosing will be at the fore, documents released Thursday show.
Waystar is valued at about $3.7 billion in IPO that raised $967.5 million
Waystar Holding Corp., a healthcare-payments software company, said its initial public offering priced at $21.50 a share, the midpoint of its proposed price range.
Oil prices tick higher after Saudi Arabia reiterates output boost can be reversed
Oil futures rose Friday, finding support after Saudi Arabia’s energy minister reiterated that an OPEC+ plan to unwind 2.2 million barrels a day in voluntary cuts later this year can be paused or reversed.
Virgin Galactic’s stock climbs ahead of final Unity spacecraft mission
Virgin Galactic shares have been on a three-day losing streak.
This fast-growing country is minting one new millionaire every 15 minutes
India and investors in its stock market are getting rich quick — and that should give us pause.
Three stocks now account for 20% of the S&P 500’s value. That’s making some investors nervous.
For the first time dating back to at least 2000, three U.S. stocks — Microsoft, Nvidia and Apple — account for more than 20% of the value of the S&P 500, Dow Jones Market Data show.
I own a rental property with a 2.6% interest rate fixed for 10 years, but I live in another state. Should I sell it?
“My rental income is around $2,600 a month.”
These restaurant stocks could still thrive despite spending pressure
Chipotle, Texas Roadhouse and Domino’s are UBS’s top restaurant picks.
Moody’s puts several U.S. regional banks on downgrade review over commercial real-estate concerns
Old National Bancorp. and several other U.S. regional banks come under the microscope at Moody’s, which flags CRE exposure.
DocuSign says business is stabilizing, but stock falls despite earnings beat
Despite upside in DocuSign Inc.’s latest quarterly results, the electronic-signature software company’s stock was falling in Thursday’s extended trading.
Mexico’s unbanked population ‘now big enough to count’ for fintech companies
An underbanked and heavily cash-based economy offers fertile ground for a trio of fintech-oriented companies offering mobile financial services in Mexico.
Lower profit forecast, less snowfall send Vail Resorts stock on a downhill run
Shares of Vail Resorts Inc. dropped in extended trading Thursday after the ski-resort operator cut its full-year profit outlook and offered up figures that pointed to slowing demand for the key upcoming ski season.
Charles Barkley says the best financial advice he ever got was from this NBA star’s mom
‘When you start giving people money…no matter what you do for them, the first time you tell them no, they hate you.’
‘Buckle up!’ Social media reacts to news of Roaring Kitty’s first livestream in 3 years
GameStop shares surged on news that influential trader Keith Gill, also known as Roaring Kitty, will host his first YouTube livestream in three years.
Retailers are telling you everything is on sale this summer. They’re also hoping you’ll fall for impulse buys.
While sales offer relief to inflation-weary shoppers, people may not actually save money due to one key consumer behavior: impulse buying.
Why these cannabis stocks can grow with the Biden administration’s help
U.S. reclassifying marijuana would give companies a tax break and more cash to spend.
Lyft offers up ‘long-awaited’ long-term forecast — and this key metric could hit $25 billion, analyst says
Lyft shares climbed after the company said it expects gross bookings to grow around 15% between this year and 2027.
Why nothing seems to improve Americans’ gloom about the U.S. economy now
The ‘vibecession’ isn’t our fault — it’s our nature.
Toyota unveils safety projects in wake of vehicle-testing violations
Toyota’s North America Collaborative Safety Research Center (CSRC) announced this week 15 new projects aimed at advancing automotive safety industrywide, just after the Japan-based vehicle maker suspended vehicle production due to safety certification misconduct.
This bond-market recession signal has been flashing since 2022, with no downturn
One of the bond market’s most widely followed recession indicators has been pointing to the possibility of an economic downturn for almost two years. And it could keep doing so, even though no U.S. contraction has materialized.
NBA Finals tickets for Celtics-Mavericks are the most expensive in league history
The lowest ‘get in’ price for Game 1 in Boston is $794, and the cheapest ticket to Game 7, should it be necessary, is $1,862
Juul e-cigarettes’ FDA ban lifted
The U.S. Food and Drug Administration said Thursday that it has rescinded orders blocking the marketing of Juul Labs Inc.’s e-cigarette products in the U.S.
Mortgage rates at 3% were an ‘anomaly.’ Here’s what a normal 30-year rate looks like.
Home buyers are frustrated by 7% mortgage rates. One economist suggests that they’ll need to get used to them.
Medicare and Social Security could be the keys to the presidential election
These Americans are terrified about the future — and they vote.
Oil prices rise as worries about economic outlook fade
Oil futures on Thursday were on track to post back-to-back session gains as worries about the outlook for U.S. economic growth faded, though concerns remain about fuel demand as the summer travel season gets under way.
Jobless claims climb to 4-week high of 229,000, but layoffs still show no sign of accelerating
The number of Americans who applied for unemployment benefits last week rose to a four-week high of 229,000 — likely in part due to the end of the school year — but there was little sign of rising layoffs.
These tips for investing in mutual funds and ETFs keep your portfolio in the race
Read about alternative investments, bitcoin ETFs and a top stock fund that invests in AI.