Stocks
Anheuser-Busch InBev tops estimates in last quarter where Bud Light boycott hits growth
Anheuser-Busch InBev reported stronger-than-forecast first-quarter profits in what was the final period where the consumer boycott of Bud Light will impact growth.
U.S. consumers pull back sharply on credit-card use in March
Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday.
Bonds are getting a boost from oil’s dip below $80 a barrel
U.S. bonds have been getting a boost from oil prices that have dipped below $80 a barrel.
Gold prices ease back from a 1-week high
Gold prices settle with a loss Tuesday, a day after posting their highest finish in a week, though prospects for a fresh rally remain high as traders continue to monitor developments in the Middle East.
AMC and Cinemark yet to reclaim ‘pre-COVID glory’ as foot traffic still well below pre-pandemic levels, research says
Movie theater chain and original meme stock AMC reports first-quarter results after market close Wednesday.
A reliable labor-market recession indicator has triggered — but this time it could be bullish for stocks
A reliable recession indicator maintained by market strategists at Piper Sandler triggered last week — but the same strategists who developed the indicator believe that, in all likelihood, its triggering is bullish for stocks.
TikTok sues to stop potential U.S. ban, following through on its promise of a court fight
TikTok and parent company ByteDance have filed a lawsuit that challenges a new U.S. law that could lead to a nationwide ban for the app.
CVS to tap high-grade bond market with five-part deal in busy day for issuance
CVS Health Corp. is tapping the investment-grade corporate bond market on Tuesday, with a five-part deal that’s expected to price later in the day.
These U.S. stocks could suffer most from stagflation, Barclays says
The specter of waning U.S. demand combined with persistent inflation is adding up to the potential for a stagflationary environment that could hit some well-known stock names, according to one Wall Street bank.
Biden to tout Microsoft expansion at Wisconsin site where Trump-touted Foxconn plant flopped: report
President Joe Biden’s visit to the Dairy State on Wednesday will feature the Democratic incumbent highlighting a Microsoft expansion plan on land meant for Foxconn during the Trump era, according to a Milwaukee newspaper’s report.
Fed’s Kashkari doesn’t rule out a rate hike
The biggest question facing the U.S. central bank is whether inflation is going to continue to resume its downward trend or settle at around a 3% level, in which case monetary policy may have to be tightened further, Minneapolis Federal Reserve President Neel Kashkari...
BP to focus on shareholder returns over climate ambitions, CEO Murray Auchincloss says
The BP chief executive said the oil major is set to make a series of 30 decisions that will determine whether the company meets it climate ambitions
European airline shares slump on price warning from Ryanair CEO
European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.
How the outcome of Biden and Trump’s election rematch might impact stocks
The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.
International Paper stock rises on report of $15 billion buyout offer by Brazil’s Suzano
IP shares rise by 5% on potential deal that would value the company at a premium
Recovery seen ahead for German chip maker Infineon, sending shares soaring
Shares of Infineon AG stood out as a top performer in Europe on Tuesday, as analysts shook off another sales guidance cut from the German chip maker to focus on recovery hopes.
Nikola’s stock turns down as revenue dropped to less than half what was expected
Nikola’s stock dropped premarket Tuesday, reversing a brief gain, after the electric-truck maker reported first-quarter revenue that fell to less than half what was expected, offsetting a narrower-than-expected loss.
Celsius stock drops 5% in premarket trading after revenue falls short of analyst estimate
Celsius Holdings Inc.’s stock was down by 5% in premarket trading after the energy drink and protein bar maker’s revenue missed the FactSet consensus estimate.
‘We’ve had a hell of a run’: Stanley Druckenmiller cuts Nvidia stake.
Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.
Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand
Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.
Here’s what TikTok got wrong about America
TikTok could have been a positive force for change in the U.S. tech industry.
Oil prices edge lower after Russia signals OPEC+ production rise possible
Oil futures edge lower as Russia indicates OPEC+ could consider raising crude output and Israel rejects a Gaza cease-fire proposal.
Open your eyes to this one major factor that will crush bond yields, says Morgan Stanley
Residual seasonality that has boosted first-quarter price data will drag them down in the second half, say Morgan Stanley strategists.
‘He’s afraid to upset her’: I’m executor of my 78-year-old friend’s estate. He has $500K and owns a home with his girlfriend of 20 years. Will his child and grandkids lose out?
“They purchased their house for $360,000, and it is now valued at nearly $700,000. He would like to downsize to a condo due to his health, but she is reluctant as she has custody of two grandchildren.”
The reliable 2025 Lexus NX compact SUV delivers soothing luxury and solid value
The 2025 Lexus NX is a fine contender among compact luxury SUVs, with a well-rounded bundle of attributes.
You can pay off debt in many ways. Here’s how to find what’s right for you.
Start small or tackle the big stuff? Run the numbers and know your comfort level.
UBS shares surge as bank returns to profit following takeover of Credit Suisse
UBS shares surged 8% on Tuesday as the bank outstripped analysts’ expectations
Apple reportedly working on its own AI-server chips
The WSJ, citing sources familiar with the matter, said the project, dubbed ACDC — for Apple Chips in Data Center — has been underway for several years.
First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff
The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed Monday night, about two hours before it was scheduled to launch.
Goldman Sachs CEO David Solomon says AI ‘is something that people are going to have to think very strategically about’
The investment-banking executives expects AI capital-raising around power and energy to fuel data centers.
Cemeteries get a new lease on life as dog parks, antique markets and picnic grounds
“As cemeteries run out of space, they are going to have to adapt or die.”
Why a potential Israeli invasion of Rafah matters to the oil market
An Israeli invasion of Rafah in Gaza would likely stoke fears of a wider Middle East conflict that could endanger the flow of crude oil.
Cash is outperforming bonds this year. A Fed pivot could change that.
It’s been a good 2024 for the “T-bill and chill” proponents — but all eyes are on what the Federal Reserve’s next moves will be.
What would life behind bars be like for Trump? A judge raises the possibility of jail time.
Experts say the judge still has options short of sending Trump to jail for contempt.
Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation
Recent data whiplash only confirms the wisdom of being slow to move interest rates, the Richmond Fed president says.
TD Bank’s stock drop on money-laundering probe overblown says KBW analyst, but Jefferies is not so sure
Jefferies cuts TD’s price target on fears of a “lost decade” while KBW reiterates outperform rating in more bullish stance.
College commencement season in America disrupted as Columbia cancels main ceremony
Some colleges have canceled their school-wide ceremonies, while other schools are planning for disruption.
Bowlero’s stock slides 18% after earnings fall short of estimates and company offers soft guidance
Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.
Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds
U.S. consumers expect mortgage rates to rise to near double digits over the next three years, according to a new survey by the New York Federal Reserve.
Oil prices rise as Israel warns invasion of Rafah in Gaza may be imminent
Oil prices rise as Israel warned that an invasion of Rafah in Gaza may be imminent.
Treasury yields little changed to kick off quiet week for U.S. data
Treasury yields held steady Monday morning amid a limited calendar that had traders focused on auctions later in the week and developments in the Middle East.
Dave Ramsey: It’s a great time to buy a house. Experts: Not exactly.
For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.
Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed
The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging securities violations.
Boeing’s Starliner set for historic launch that will take two NASA astronauts into space
Boeing’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Monday, carrying two NASA astronauts to the orbiting space lab.
Clean-energy producer Allete agrees to go private for $6.2 billion
Canada Pension Plan Investment Board and Global Infrastructure Partners team up to pay $67 a share.
Tyson Foods’ stock rallies as strength in beef and pork sales fuel a profit beat
Shares of Tyson Foods Inc. climbed toward a 15-month high in premarket trading Monday, after the meats company reported a fiscal second-quarter profit that rose well above expectations — the first bottom-line growth in two years — as strength in beef and pork sales...
Micron’s stock is among the S&P 500’s best this year. Why it just got upgraded.
Baird sees “meaningful upside opportunities” for Micron and notes a recent pullback in the stock.
Freshpet’s stock jumps toward a multiyear high after an unexpected quarterly profit
Freshpet’s stock ran up in premarket trading Monday, heading toward a high not seen since 2021, after the dog- and cat-food company reported a surprise first-quarter profit, citing to higher sales, improved gross margin and lower logistics costs.
Morgan Stanley’s Mike Wilson offers a playbook to cope with the cautious consumer
Morgan Stanley’s chief investment officer says investors need to lean on consumer staple companies in hard times.
‘I wonder if he’s on commission’: A psychiatrist online prescribed me Prozac, punched the air in celebration — and suggested I have a beer. Is this normal?
“I processed a $50 copay, and attended my appointment with the psychiatrist. It went fast, and every time I asked a question about antidepressants, he popped a medical study in the chat box.”
Check out the 2025 Lamborghini Urus SE, a plug-in hybrid with 789 hp and a V8 engine
It’s not about efficiency, it’s just wild power for a wild ride.
Elvis Presley’s granddaughter, actress Riley Keough, lists her charming Los Angeles cottage for $1.5 million
The actress became the sole owner of Graceland in Memphis, Tenn., after her mother Lisa Marie Presley died in 2023.
The revamped 2025 Porsche Taycan EV has better range, faster charging and bigger power
The all-electric 2025 Porsche Taycan midsize luxury car puts pace, poise, and prestige into one highly desirable package.
Former CEO Howard Schultz says Starbucks needs to overhaul its customer experience
A week after Starbucks Corp. reported disappointing quarterly earnings and a gloomy annual forecast, its former chief executive said the coffee chain needs to own up to its mistakes and work harder to deliver a better experience for its customers.
Berkshire Hathaway has $189 billion in cash. Elon Musk has an idea where Warren Buffett should spend it.
The latest results from Berkshire Hathaway shows that the conglomerate had nearly $200 billion — $189 billion, to be precise —in cash at the end of the first quarter.
Stock-market bulls face test as consumers start to show signs of stress
As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.
The bar is creeping higher for second-quarter earnings
One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.
‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.
“He woke one morning and announced he was done.”
Betting on the Kentucky Derby? Here’s how to think like a professional handicapper.
This year’s race, on May 4, marks the 150th edition of the Run for the Roses.
Americans are down on the economy — but there are good reasons to be optimistic
Biden unfairly gets poor marks for handling of the U.S. economy — which is improving.
401(k) plans lack one benefit that would make a big difference in retirement
While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.
How interest in electric vehicles has stalled over the last 3 years, in one chart
The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.
Using debt to finance government spending is not a free lunch
Government debt can be a valuable tool — but it has consequences.
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.
We’re all paying a high price for letting corporations have free rein over us
Deliberately weakening social protections has created greater financial and economic insecurity.
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.
Does financial literacy actually make you better with money? Critics say ‘it’s not the salve that people think it is.’
The pandemic spurred new investment in financial-education programs. But some critics say it’s a shortsighted solution to the challenges we face in managing our money.
My wife and I are 78. This is how we manage investment risk without panicking.
Many retirees take the wrong level of risk because they don’t understand it or they don’t want to think about it
Beat Warren Buffett’s portfolio with this golden pick
Gold is not considered a respectable investment in polite circles, but maybe it should be.
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.
HSA costs you need to watch out for — and when not to worry
Health savings accounts are powerful tax-advantaged tools to pay for healthcare, but there are hidden fees that could cost consumers some of their savings, the Consumer Financial Protection Bureau warns.
With more of us living longer, traditional retirement plans just won’t cut it
Whatever your age, you need to invest more in your future to ensure you age well.
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.
I’m in my 50s, earn over $200,000, own a $1.75 million home and have $4 million in savings. Should I pay off my 2.75% mortgage?
“My business has been doing well lately, and I am able to take nice owner distributions of $10,000 to $30,000 per month,”
Corporate insiders are on a buyers’ strike — signaling more downward pressure on stocks
Executives in the know aren’t biting at discounted share prices.
We need to make a housing decision fast, and the only place to get the funds is our retirement savings
A couple needs to make a housing decision fast, and the only place to get the funds is their retirement savings.
Same job, $16 less per hour: Frustrated job hunters can’t find roles that pay as well as their old ones
The latest jobs report shows the labor market is still strong, but some workers say they’ve been forced to take jobs that pay almost half what they earned before.
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.
Here’s how much Buffett’s Berkshire Hathaway could make from Apple’s dividend hike
Apple said it will increase its cash dividend by 4%, which is good news for Warren Buffett’s company.
$7,500 for tequila? The Cinco de Mayo staple has become a super-premium spirit.
“As more consumers make tequila their spirit of choice, we’ve seen them gravitate towards high-quality, premium tequilas,” Patrón executive says.
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.
Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.
GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year
Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.
Shares of nanocap Safe & Green Holdings skyrocket in ‘insane’ move
Safe & Green Holdings Corp. shares skyrocketed 86.7% Friday, a day after the design- and construction-services company completed its reverse stock split.
Cocoa futures turn bitter as prices drop 30% from record highs
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and worries about a drop in demand.
In Norfolk Southern board battle, proxy adviser Egan-Jones throws weight behind activist Ancora
Egan-Jones has joined fellow proxy advisers Institutional Shareholder Services and Glass Lewis in stepping into activist Ancora’s board battle with railroad operator Norfolk Southern.
Financial experts told consumers to stop ‘wasting’ money eating out. They’re finally listening — and companies are rattled.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”
9 places to retire where you can go back to college practically free
What will you do in retirement? Whatever piques your interest, there’s probably a class for that.
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.
Here’s what is so amazing about Apple’s stock buybacks
Also: Mario Gabelli talks about how he selects stocks for long-term investment.
We are careening toward a loneliness epidemic. What will we do about it?
New research shows that as we get older, we get lonelier.
Jobs gains were decent in April. But here’s what Biden really has to worry about.
Voters remain most concerned about inflation.
SEC charges firm that audits Trump’s Truth Social with ‘massive fraud’ affecting hundreds of filings
The regulatory agency said that hundreds of audits done by BF Borgers CPA PC contained “deliberate and systemic failures” that included false documentation to make it appear their reports complied with standards set by the Public Company Accounting Oversight Board.
As Warren Buffett hosts first Berkshire Hathaway annual meeting without Charlie Munger by his side, here’s what to watch
Here’s what will be top of mind for investors when Warren Buffett takes hours of questions at Berkshire Hathaway’s annual meeting on Saturday.
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.
Amgen’s obesity-drug stock surge still in ‘early innings,’ analysts say
Analysts see more gains ahead for Amgen after a stock surge fueled by upbeat comments on experimental obesity drug.
IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
The tax agency announced new goals in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.
‘I see my greedy in-laws as misogynists’: I was a stockbroker in the 1980s and always kept my money separate from my husband’s. Is such self-protection justified?
“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”
Pat Gelsinger was brought in to fix Intel. 3 years later, it still seems like a mess.
Turning around Intel Corp., the second-largest chip maker in the world, is taking a lot longer than many investors were counting on — but they need to be patient because the ongoing strategic changes may yet save the company.
Mortgage-bond funds haul in billions in April
Investors are piling into mortgage bonds as the Federal Reserve looks to exit
Hershey’s stock rallies after earnings beat, as chocolate sales jump
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.
Apple vs. the world: Can the tech giant survive a global regulatory onslaught?
Apple has a strong track record fighting antitrust enforcers, but the global scope of its current fight is something new.
Here are the moves to make to counter range-bound, choppy markets, says Goldman Sachs
Stay overweight stocks but prepare for a volatile period, says Goldman Sachs
‘He’s holding all the cards’: My mother, 86, has dementia. Her partner of 30 years is on the deed to her home. How can I gain control of her finances?
“I asked to be put on the deed to my mother’s home and I was met with a swift ‘no’ from her partner. He said that since he had paid off the mortgage, the house is his.”
‘Dreamers’ to get access to Obamacare coverage under new Biden regulation
President Joe Biden’s administration is rolling out a newly finalized regulation that allows “Dreamers” to access health plans through the Affordable Care Act, also known as Obamacare.
Societe Generale and Credit Agricole shares rally as French banks beat profit forecasts
The French banks both outstripped analysts’ expectations, causing their share prices to surge
Here’s to the 2024 Mazda MX-5 Miata, an affordable sports car that’s a joy to drive
The 2024 Mazda MX-5 Miata is a superb little sports car that a wide range of drivers can relish. Pricing starts at $30,150.
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.
Anglo American shares rise on report Glencore may make rival offer
Shares of Anglo American rose on Friday after a report that Glencore was considering making a rival offer for the mining company.
Dave & Buster’s allowing arcade gambling raises ‘significant concerns,’ advocacy group says
One problem-gambling organization is concerned about ‘youth exposure’ to betting at Dave & Buster’s.
Rivian gets $827 million boost from Illinois to expand its factory in the state
Rivian said that the money will go toward factory expansion, as well as improvements in public infrastructure and job training for its workforce as the plant.
The stock market is becoming a picnic for the bears
Failed rallies, oil-price weakness and strong sell-signals.
May is usually a good time to buy Treasuries. Why investors may want to disregard this seasonal noise.
One of Wall Street’s oldest adages — “sell in May and go away” — has tempted stock-market investors into dumping equities this month and returning to the market in November. The opposite of this seasonal pattern exists in the U.S. government-debt market.
Sony and Apollo make $26 billion cash offer for Paramount: report
Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.
Kellanova earnings beat estimates and CEO strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited “tangible signs that this year’s return to full commercial activity is taking hold in the marketplace.”
Intel and Microsoft are on different paths to profit from AI. One will be right.
Tech giants’ recent earnings reveal a clear winner in market leadership and momentum.
Here’s how Carvana pulled off its ‘epic turnaround’
Wall Street lavished praise on Carvana Co.’s “epic turnaround” on Thursday following a surprise quarterly profit for the used-car retailer, which not too long ago had skirted close to bankruptcy.
Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon
The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.
Shell to focus on share buybacks to boost stock over New York listing, CEO Wael Sawan says
Shell committed to a $3.5 billion share-buyback program after it beat expectations.
‘Is this 1980 or 2024?’: The housing market has déjà vu — but don’t expect a crash
High mortgage rates are a ride that many U.S. homeowners have been on before. Ditto soaring home prices.
Animal shelters ‘can’t keep up with cat adoptions’ as today’s economy tips the scales on cats vs. dogs
Four years after “pandemic pets” offered lockdown companionship and drained shelters of cats and dogs, data suggest that more economical cats are gaining on dogs.
Highly ranked manager who bet on Mag 7 giants looks to these second-order winners from AI
The MainStay Winslow Large Cap Growth fund owes a lot of its returns to Big Tech. Co-portfolio manager Justin Kelly is hot on the hunt for new winners. Here are some ideas.
U.S. productivity slumps in first quarter
Productivity had been a bright spot for the economy over the past year and today’s data dims the outlook.
Wendy’s stock jumps as it points to successes in advertising
Wendy’s highlighted the impact of same-restaurant sales growth, advertising, franchise royalty revenue and its share-buyback program on its results.
Apple is set to throw billions more in cash at investors as its stock slumps
Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.
Jobless claims inch up to 208,000. Layoffs still extremely low.
The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy.
Cardinal Health’s stock falls on mixed quarterly results
Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.
Peloton replaces CEO after 90% stock slide during his tenure, plans more layoffs
Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.
Novartis to pay up to $1.75 billion for U.S. cancer-focused biotech
Novartis on Thursday said it will pay up to $1.75 billion for a U.S. biotech focused on cancer.
Moderna posts better-than-expected quarterly results as it looks to fall RSV vaccine launch
Moderna on Thursday reported a narrower-than-expected first-quarter loss as the COVID vaccine maker looks launch its second product in the U.S. later this year.
Universal Music artists coming back to TikTok after licensing deal
TikTok and Universal Music Group struck a new licensing deal that will return the record label’s artists and their songs to the popular video-sharing app, ending months of disagreements over pay.
A.P. Moeller-Maersk expects Red Sea disruptions through rest of the year
Shipping giant A.P. Moeller Maersk said it is planning to reroute cargo usually traveling through the Red Sea to the Cape of Good Hope for the remainder of the year, as it boosted financial guidance.
The 2025 Honda Pilot 3-row SUV is ideal transport for larger families
The 2025 Honda Pilot is one of our favorite midsize SUVs because it performs its duties so well. Pricing starts at $41,295.
Powell says he doesn’t see ‘stag’ or ‘flation.’ UBS has a playbook if he’s wrong
A team of UBS derivatives strategists led by Maxwell Grinacoff put together a playbook for a stagflation scenario
Novo Nordisk now has more than 130,000 weight-loss prescriptions as it hikes financial outlook
Novo Nordisk said its Wegovy injectable drug for weight loss now has more than 130,000 weekly prescriptions in North America alone after boosting supplies to meet insatiable demand.
Shell launches $3.5 billion buyback after earning $7.7 billion
Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off a $3.5 billion share buyback program as it hurries to close the valuation gap between it and its U.S. rivals.
A new ETF touts 100% downside protection. Here is how it works.
An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.
Baby boomers and millennials are robbing Gen Z of a bright financial future
U.S. Treasury’s bond blunder will cost young Americans dearly.
Nio’s stock soars as April EV deliveries more than double and new ET7 launches
Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.
First loan under Biden’s transit-oriented development push goes to town north of Seattle
Despite initial hiccups, interest is “growing very fast” for loans, says Build America Bureau executive director Morteza Farajian.
Trump might allow marijuana’s reclassification, but it’s a ‘close call’
While President Joe Biden’s re-election campaign is widely expected to get a lift from his administration’s push to reclassify marijuana as a less-dangerous drug, it’s not as obvious where presumptive Republican nominee Donald Trump will end up on the issue.
Walmart is closing down its health centers. What’s that mean for Amazon, Walgreens and CVS?
A look at whether rival retailers should be worried or encouraged by Walmart shuttering its health centers.
Starbucks’ ‘grande headwinds’ lead to rare downgrades for the stock
Starbucks Corp. worse-than-expected quarter and grim predictions for the year brew a mix of discontent and hope on Wall Street.
Norfolk Southern touts progress and slams activist Ancora’s ‘reckless’ plan in board battle
The board battle between Norfolk Southern and activist investor Ancora Holdings Group is intensifying ahead of the company’s annual meeting next week.
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”
UnitedHealth CEO faces Change Healthcare hack scrutiny on Capitol Hill
UnitedHealth Group’s dominance in the U.S. healthcare industry was in the spotlight on Capitol Hill Wednesday as its CEO faced two Congressional hearings on the cyberattack on its Change Healthcare unit.
Trend-following hedge funds are off to a strong start in 2024. Does the strategy deserve a spot in your portfolio?
Trend-following funds continued a run of strong performance in April, even as a selloff in stocks disrupted one of their biggest moneymaking trades.
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
A screen of companies that have consistently raised their dividends, but have also done so at annual paces exceeding 10% over the past five years.
ISM manufacturing index drops sharply in April
Index falls to 49.2% after one month of expansion
Amazon earnings cheered as ‘objectively excellent’ — with any blemishes mere ‘nitpicks’
While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.
Around the world, workers are back in the office. Just not in America.
The lingering effects of the COVID-19 pandemic and the Zoom revolution are continuing to shake up the workplace and have created dividing lines between the U.S. and many other developed countries.
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock will start trading on the New York Stock Exchange later Wednesday.
Why married couples should merge their finances
Having separate bank accounts goes against the idea of thinking for two rather than as individuals.
New Series I bond rate drops to 4.28%, but your rate could be much less if you bought at the peak
The fixed rate holds at 1.3% on new purchases for the next six months, but the inflation-adjusted rate is slightly lower than six months ago.
An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.
Move over, meme-stock millennials. Your grandma wants to trade options.
Trading covered-call options on big stashes of stock can earn retirees extra income.
GSK ups 2024 guidance as HIV drugs and new vaccines boost its bottom line
The British drugmaker’s remaining 4.2% stake in its consumer health arm Haleon also boosted its bottom line, following its spin off in July 2022
Biden administration to cancel $6.1 billion in student debt for borrowers who were scammed by single school
The Department of Education is cancelling $6.1 billion worth of student debt for 317,000 borrowers who were scammed by their school, officials announced Wednesday.
The incredible homes of Taylor Swift’s ex-boyfriends (or tortured poets?)
From John Mayer’s Beverly Hills mansion to a chic Tribeca building where 2 of her rumored exes reside, we rounded up the real estate of Swift’s former romances.
Mini’s new all-electric Aceman looks fun, and in a category of its own
The 2025 Mini Aceman is sort of like a subcompact luxury hatchback. It’s larger than a Cooper and smaller than a Countryman.
I’m 62 with no debt and a part-time job. My advisers say keep saving, but my kids say spend — do I go for a Roth 401(k)?
“My salary was never high and I lived a frugal life to accumulate these savings.”
My mother-in-law died. My husband, her executor, did not file a will or even open probate. What happens if we sell the house?
“The home was willed to her son with the provision that he paid his sisters a percentage of the home’s value.”
Binance founder CZ sentenced to four months in federal prison
Binance founder and ex-CEO Changpeng Zhao was sentenced to four months in federal prison Tuesday for violations of anti-money-laundering laws during his time running the world’s largest cryptocurrency exchange.
Proxy-advisory firm ISS steps into Norfolk Southern’s board battle with activist Ancora
Institutional Shareholder Services has recommended shareholders vote for most of Norfolk Southern’s board nominees, also recommending that shareholders support five of activist Ancora’s nominees.
‘Rearranging deck chairs on the Titanic?’ Analysts have questions and doubts after Paramount CEO Bakish’s ouster.
“Sit back, grab your popcorn, and enjoy the rest of the show,” one analyst says.
This is the big question markets have for Fed’s Jerome Powell, BlackRock says
The market will be listening closely on Wednesday for messaging from Federal Reserve Chairman Jerome Powell about whether interest-rate hikes may be on the table due to inflation worries.
Cannabis stocks rally after AP reports DEA will propose reclassifying drug as Schedule III
AdvisorShares Pure U.S. Cannabis ETF jumps 28%.
Joe Biden proposes hitting Donald Trump with a $1 billion tax bill
The president has proposed a tax on unrealized capital gains for people worth more than $100 million. Who do we know who falls into that category?
Walmart shutting down health centers and telehealth service
Walmart Inc. said Tuesday that it is shutting down Walmart Health, which offered primary-care, lab and other services across 51 locations, as well as its telehealth service, Walmart Health Virtual Care.
Trump suggests tariffs could go higher than 10%. Why one economist is saying, ‘bonkers.’
Former President Donald Trump is going beyond his initial proposal of 10% tariffs on all imports, telling an interviewer that levies could climb higher if he wins the White House in November.
House Speaker Mike Johnson’s job looks safe as Democrats say they’ll block effort to oust him
Top House Democrats on Tuesday said they would thwart an effort to remove House Speaker Mike Johnson from his post.
‘Probably everyone is interested in pursuing FIRE,’ says this single mom who retired at 49
Reaching FIRE is about more than budgeting and minimalism, says author Jackie Cummings Koski.
Guns, transgender rights: The issues Trump and Biden voters care about most when deciding where to live
It’s not just about good schools and affordable homes — voters this election year say they are considering hot-button issues including abortion rights and gun control when deciding where they want to live.
BBVA wants to buy Sabadell in what could be a $10 billion-plus acquisition. Here’s why.
It was a case of déjà vu in Spain on Tuesday as Banco de Sabadell said it had been approached by bigger rival BBVA about a potential merger — more than three years after discussions between the two banks broke down.
Consumer confidence drops to 21-month low due to worries about food and gas prices
Consumer confidence fell in April for the third straight month and touched a 21-month low, a new survey showed, due to the high cost of food and gas and and fresh worries about the jobs market.
Chicago business-activity index weakens in April to lowest level in 17 months
Index in negative territory for fifth straight month
Today is the last day of the stock market’s ‘good’ season. Should you take your profits and run for the summer?
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.
Logitech shares jump on surprise guidance, as demand stirs for computer products
Logitech results have stirred hopes for consumer buying of computer and gaming equipment.
Eli Lilly’s stock jumps as first-quarter profit tops estimates amid strong sales of Mounjaro, Zepbound
Eli Lilly shares popped early Tuesday after the drugmaker reported first-quarter profit that topped estimates amid strong demand for diabetes and weight-loss drugs.
3M’s stock surges toward a 14-month high after profit, sales beat expectations
The consumer, industrial and healthcare-products company reported first-quarter profit and revenue that beat expectations.
Oil prices consolidate after slumping on Israel-Hamas cease-fire talks
Oil futures edged higher early Tuesday.
GE HealthCare Technologies’ stock falls after it misses profit estimate
Revenue falls 1% as ultrasound and patient care units business drops
Why T-bill and chill is here to stay, these strategists say
Barclays analysts say rising budget deficits change several key assumptions underpinning the fixed-income market.
Europe’s automakers off to a weak start for 2024, with EV sales a problem for some
Mercedes-Benz, Volkwagen and Stellantis shares all fell Tuesday after the Europe automakers showed 2024 was off to a slow start.
As India heads to the polls, investors are looking to profit from Modi’s policies
Narendra Modi’s government has invested heavily in public infrastructure via polices that have boosted India’s growth
The 10 most expensive cars to maintain
Over 10 years, buying one car brand can cost you almost five times as much in maintenance fees as another.
Check out Colin Kaepernick’s pristine Tribeca condo, listed for $3.45 million
The athlete and activist, formerly of the San Francisco 49ers, picked up the condo in 2017.
Why global gold demand marked its best first quarter in 8 years
Gold demand marked its strongest first quarter in eight years, buoyed by “healthy investment” from the over-the-counter market as well as central bank purchases, which saw their best start to any year on record, according to a report from the World Gold Council...
HSBC says chief executive to retire after ‘intense’ five years
HSBC on Tuesday said its chief executive, Noel Quinn, will retire after nearly five years at the helm.
AMC’s stock on pace for biggest decline in a month after preliminary first-quarter results
Shares of AMC Entertainment Holdings Inc. are down 11.6% Monday, putting the stock on pace for its biggest decline since April 1, when it fell 15.6%.
Boeing scores $10 billion bond financing in ‘much-needed’ liquidity boost
Fresh off reporting a more than $300 million quarterly loss, Boeing Co. saw robust demand on Monday for its $10 billion corporate-bond deal.
Ford’s ‘hands-free’ driver-assistance system under investigation
U.S. highway-safety regulators have opened an investigation into two accidents allegedly involving Ford Motor Co.’s BlueCruise advanced driver-assistance features, in which two Mustang Mach-Es collided with stationary vehicles in incidents that left three people dead.
Would combining will-writing with the mortgage process help?
No, but here’s what we learned
What you don’t know will hurt your portfolio
The depressing state of knowledge about retirement planning
After being neutral on Apple’s stock since 2018, here’s why one analyst changed his tune
An analyst who had spent more than six years on the sidelines on Apple Inc.’s stock just changed his tune, joining the bull camp in a note titled “Buy the fear.”
War of words over Norfolk Southern’s board battle intensifies as railroad slams activist Ancora’s labor negotiation
The war of words in the board battle between Norfolk Southern Corp. and Ancora Holdings Group intensified Monday after the activist investor clinched the support of the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of...
Corporate bonds signal ‘clear skies’ for U.S. economy as stocks extend rally
The corporate bond market appears bullish on the U.S. economy.
I’m going to inherit $6 million in property along with my two siblings — is there a ‘clever’ way to avoid capital-gains tax?
“There are three siblings who are heirs, including me. What happens with the eventual distribution upon my surviving parent’s death?”
Amazon’s biggest earnings question mark has nothing to do with its results
Amazon reports first-quarter results on Tuesday afternoon.
Here are the most efficient companies within the S&P 500’s bargain-stock sector
The energy sector still appears to be remarkably cheap, despite outperforming all other stock sectors over the past three years.
Oil prices decline as Israel-Hamas cease-fire talks continue
Oil futures kick off the week on a soft note as pressure continues for a cease-fire between Israel and Hamas.
Deutsche Bank shares slip after lender sets aside $1.4 billion to settle Postbank lawsuit
Deutsche Bank shares fell 8% on Monday after the German lender warned it could be forced to pay out up to €1.3 billion ($1.4 billion) to settle a lawsuit over claims it underpaid Postbank’s shareholders during its takeover of the lender in 2012.
Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024
Stock is upgraded to buy from neutral by Janney on expected boost from the purchase.
AMC debt extension would be ‘key’ as company looks to clean up balance sheet, says Wedbush
AMC Entertainment Holdings Inc., which reported preliminary first-quarter results late Friday, could be poised for an important move to deal with the company’s debt burden.
Regional bank UMB Financial buying Heartland Financial in $2 bln all-stock deal
Heartland Financial’s stock jumps 16% in premarket trading
Deciphera to be acquired by Japan’s Ono in all-cash deal valued at $2.4 billion
Deciphera specializes in kinase drug discovery, where kinases are enyzmes that help regulate cellular function.
Viking upsizes IPO, as more shareholders look to sell stock
Viking Holdings has increased the size of its initial public offering, but the new shares being offered are all coming from selling shareholders
Cannabis company MedMen files for bankruptcy with about $411M in liabilities as it fortunes go up in smoke
Former high-flying cannabis company MedMen Enterprises Inc. filed for bankruptcy protection late Friday with about C$561.5 million ($411 million) in liabilities.
‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, plus our vacations and groceries. He now wants to pool our assets.
“He has $1.2 million invested. I have close to $5 million in investments.”
Elliott Management builds large stake in Warren Buffett favorite Sumitomo: report
The activist fund has built a stake in Japanese trading house Sumitomo Corp, which counts Warren Buffett’s Berkshire Hathaway as its top shareholder
Mercedes-Benz is making a radical change to the iconic G-Wagen
The electric G has shocking horsepower and an innovative frame that promises incredible off-road performance.
Puig set to launch IPO at top of price range in Europe’s top public float this year
The Spanish clothes and perfume seller is set to float itself on the Madrid stock exchange at a price of €24.5 per share
Cheaper, better, safer, healthier and more fun: Here are 20 of the best small cities to live in the U.S.
What makes a city a great place to live? The most livable cities in the U.S. offer a combination of affordability, opportunity and quality of life factors.
Philips shares soar 30% after U.S. litigation settlement far lower than feared
The company said it would pay $1.1 billion to resolve personal injury and medical monitoring litigation in the U.S. Worst-case expectations among analysts called for up to $10 billion.
Yen rebounds after breaching fresh 34-year low amid intervention rumors
The Japanese yen fell to a fresh 34-year low to the dollar early Monday, but then rallied sharply amid trader jitters that Tokyo had intervened to support its beleaguered currency.
Tesla clears China data security rules, to partner with Baidu over self-driving tech: report
Elon Musk made a surprise visit to China over the weekend, and didn’t walk away empty-handed.
Stocks risk a wild week of Big Tech earnings, Fed’s face off with inflation
“Magnificent Seven” stocks are driving market volatility. It isn’t the only worry.
The most jam-packed earnings week for the quarter lies ahead, led by these two market bellwethers
This week, 175 companies in the S&P 500 index report quarterly results, making it the busiest for the U.S. earnings reporting season overall.
Social Security’s COLA formula could change under new proposal — and mean higher benefits for seniors
Using a different index to measure Social Security’s cost-of-living adjustment could better reflect senior spending
Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry
The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.
My wife and I have $850,000 saved for retirement. I’m 66 and plan to work another four years. Should I do a Roth conversion?
“I estimate that my wife and I will receive about $4,600 per month in Social Security.”
Employees work hard when they have a sense of ownership — so make them owners
Corporations should share the wealth with those who help create it.
Biden’s new overtime rule could help millions of ‘stuck’ salaried workers. But there are hurdles ahead.
The new rule expands the number of employees eligible for extra pay after working more than 40 hours. Legal challenges have derailed previous changes.
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.
Former Reddit CEO Ellen Pao says the tech sector’s DEI push is alive and well
Despite some signs of wavering commitment to corporate diversity, equity and inclusion initiatives, former Reddit CEO Ellen Pao is bullish on DEI in the tech space.
Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs
The price of bitcoin fell to a low of $62,801 early Saturday from $63,476 late Friday after the financial services giant, the Depository Trust and Clearing Corporation (DTCC) announced it will not allocate any collateral to exchange-traded funds (ETFs) with exposure...
This couple’s quick visit to Mexico led them to a dream retirement there. Here’s how they live.
A couple visits the Mexican state of Yucatán and falls in love.
IRA rollovers: what to watch out for — and how to avoid the sharks
A new Department of Labor rule, which goes into effect in September, requires that anyone who offers advice about rollovers to be a fiduciary.
Elon Musk gives Wall Street what it wants, but more pain could be around the corner
Tesla’s promise of an “affordable EV”will not be as low priced as hoped
20 companies screened for quality in a cheap part of the stock market
Small-cap and midcap U.S. stocks are trading relatively low to historical price-to-earnings valuations, in contrast to the large-cap S&P 500.
This man claims Tom Brady’s sloppy signature turned $500,000 worth of collectibles into defaced keepsakes
Fans attending a Miami event featuring the gridiron great say he “scribbled” on valuable pieces of football history instead of providing a proper autograph.
Big Tech drives S&P 500 to best week since November as investors shrug off inflation worries
U.S. stocks pared their April losses on Friday, with the S&P 500 booking its biggest weekly gain since November as Big Tech stocks rallied.
Microsoft earnings were solid — and here’s why they’re primed to get even better
Azure hasn’t had quite enough capacity to meet booming AI demand, and Copilot software tools should contribute more later this year.
AMC takes a hit from Hollywood strikes, but narrows quarterly loss
AMC reported preliminary first-quarter earnings late Friday, ahead of expectations that it would report the results early next month.
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.
IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?
The IRS’s Direct File platform prepared federal income-tax returns for nearly 141,000 households, exceeding officials’ goal of handling 100,000 returns.
Oil prices score weekly gain, breaking run of back-to-back weekly losses
Oil futures finished below Friday’s session highs after the latest U.S. inflation data raised doubts that the Federal Reserve will lower interest rates anytime soon.
Trump invokes EVs in challenge to Biden for debate in Michigan
President Joe Biden on Friday said he’d debate Donald Trump this election cycle, prompting the former Oval Office occupant to propose a faceoff in auto-industry stronghold Michigan.
Can I contribute to a Roth 401(k) if I earn a high salary?
The rules are different for Roth IRA and Roth 401(k) accounts
Hertz’s stock is having an awful week, and BofA adds to investors’ misery
Hertz’s stock continued its dive Friday toward yet another record low, after BofA Securities added to the rental-car company’s woes by recommending investors sell.
Richard Cordray to step down from job overseeing $1.6 trillion in federal student loans
The former CFPB director will end his tenure as head of the Office of Federal Student Aid in June.
Tesla’s December recall of 2 million vehicles over Autopilot now subject of regulatory probe
The U.S. National Highway Traffic Safety Administration said Friday it has launched an investigation of Tesla Inc.’s December recall of 2 million vehicles that were equipped with its Autopilot system.
Intel’s bad year worsens, with analyst decrying company as ‘profoundly broken’
Intel’s bad year is getting worse as the chip stock experiences another sharp slide in the wake of earnings.
Chevron’s stock pulls back as profit drops amid plunge in natural-gas prices
Shares of Chevron Corp. pulled back Friday, putting them on track for their first loss in eight sessions, after the oil giant reported first-quarter profit and revenue that fell amid a sharp drop in natural-gas prices, but still managed to beat expectations.
Need to start saving for retirement? Here are 5 easy ways to get going.
One of the most important aspects of financial fitness is planning for retirement, and a crucial fact about retirement planning is that the earlier you start doing it, the easier it is to reach your goals.
Economists react to Trump possibly curbing Fed’s independence: ‘Bad idea of all bad ideas’
Economists and other analysts are sounding off after a Wall Street Journal report said some allies of presumptive Republican presidential nominee Donald Trump have proposals to erode the Federal Reserve’s independence.
College financial aid: How to navigate offers in one of the most challenging seasons yet
The botched rollout of a revamped federal financial aid form has made this year’s college acceptance season particularly vexing.
My late aunt gave her husband a life tenancy in her home — but her attorney won’t even let us see the will. Is this a bad sign?
“When she died, we were told by her attorney that we were responsible for the taxes and property insurance during the time when the life tennant lives in the home.”
Consumer sentiment weakens in late April
Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan.
Anglo American rejects BHP’s $39 billion bid as ‘opportunistic’
The British mining giant said BHP’s offer “significantly undervalues” its business and “future prospects”
Boston Beer reports a surprise profit as Twisted Tea shipments keep growing
Boston Beer’s stock surged in after-hours trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose well above forecasts, fueled by volume increases, pricing and lower returns.
Alphabet showed perfection, and that could drive the stock’s best day in 9 years
Alphabet’s stock could see its second-best single-day performance in history on Friday, following an earnings report that drew effusive praise.
Here’s the scenario that ‘nobody’s really prepared for,’ says UBS Wealth’s CIO
UBS Global Wealth Management ‘s chief investment officer Mark Haefele says investors may need to consider an economic nightmare happening.
Exxon Mobil’s stock falls after profit and production drop below forecasts
Shares of Exxon Mobil Corp. dropped Friday, after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.
Main Street isn’t saving and Wall Street isn’t shorting in an ‘Anything But Bonds’ bull market, says Bank of America
The U.S. government has spent $6.2 trillion over the last 12 months, and investors seemed to have noticed.
AI is evolving and investors need to change with it. Here’s what to expect.
Understanding the shifting landscape is key.
Centene’s stock jumps premarket after earnings crush estimates and company raises guidance
Centene Corp.’s stock rose 3.4% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance.
Airbus posts drop in earnings raising fears it may struggle to profit on Boeing’s woes
Airbus posted a 25% drop in earnings as higher costs eroded its margins, even as its sales increased
TotalEnergies chief says oil major will consider moving main listing to New York
The chief executive of French oil giant TotalEnergies said it will consider moving its primary stock market listing to New York, where energy rivals command higher valuations.
Troubling S&P 500 chart suggests that stock investors have a rough road ahead
Oversold rally earlier this week doesn’t erase the U.S. market’s negative picture.
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
Yen slumps to fresh 34-year low as Bank of Japan stands pat with no sign of intervention
The Japanese yen fell to a fresh 34-year low versus the U.S. dollar after the Bank of Japan left monetary policy unchanged and gave little indication that intervention to support the currency was imminent.
Thomas Bravo agrees to buy Darktrace for $5 billion
Private-equity firm Thomas Bravo agreed to buy U.K. cybersecurity company Darktrace for $5 billion, in what would end the company’s brief but rocky spell as a listed company.
Trump’s tariffs could overshadow the benefits of his tax cuts, economists say
As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.
GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.
GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves
Buying stocks after the “final rate hike” in a cycle demands perfect timing.
Royal Caribbean sees record bookings as demand for experiences and travel grow
There were a lot of records associated with Royal Caribbean’s first-quarter report, including ticket pricing, bookings and the stock, as demand for cruises remained “very robust.”
Half of U.S. households can only afford a $400 car payment. Their options — new or used — are scarce.
The large number of buyers seeking a low-cost, entry-level vehicle are underserved in today’s market.
Is another inflation scare coming? GDP seems to say yes.
A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.
A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.
“We’re definitely not doing what you would think somebody with our income could do with the money,” one six-figure earner said.
Long-term Treasury bond ETFs under pressure as investors weigh GDP report
Exchange-traded funds that buy long-term Treasury bonds were under pressure Thursday, as investors parsed fresh data on U.S. economic growth and inflation in the first quarter.
Yellen confident U.S. inflation will continue to cool
Treasury Secretary Janet Yellen, remains confident the U.S. economy is “on a downward path for inflation” that could enable the Federal Reserve to cut interest rates in the months ahead
Nvidia stands to benefit as Meta spurs an even greater AI spending spree
Nvidia is among a number of companies expected to benefit from Meta’s loftier capital-expense budget.
Retirees feel good about money now and love their lifestyle, but worry about inflation and Social Security
Most workers haven’t given much thought to how they’ll spend their time in retirement
U.S. oil prices poised for lowest finish in a month as traders weigh demand prospects
Oil prices head lower Thursday, with U.S. prices on track to finish at their lowest in about a month as traders weigh prospects for energy demand.
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 13%.
Trump’s immunity case goes to the Supreme Court today. Here’s why it matters.
The Supreme Court will hear arguments Thursday by Trump lawyers that the former president is constitutionally immune from prosecution on criminal charges that he conspired to overturn the results of the 2020 election.
As ketamine therapy booms, industry insiders worry about patient safety
Ketamine has become a popular alternative treatment for depression and other mental-health ailments — but doctors and regulators are increasingly concerned about its risks.
Why Microsoft’s earnings are all about ‘surviving and advancing’
Big AI gains could be ahead for Microsoft, but Thursday afternoon’s earnings may illustrate a more gradual ramp.
U.S. trade deficit in goods widens in March
The U.S. trade deficit in goods widened 1.7% to $91.8 billion in March, according to the Commerce Department’s advanced estimate released Thursday.
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levels
Altria’s earnings top estimates and tobacco company reaffirms full-year guidance
Altria Group Inc. matched profit estimates for the first quarter, while revenue net of excise taxes squeezed a small beat and the company backed its full-year guidance, reiterating its stance that there will be limited impact from enforcement efforts in the illicit...
Microsoft and Apple are safer bets than the U.S. government? Bond investors seem to think so.
Rarely have corporate bond spreads been flat, or negative, to Treasury yields.
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.
My stepfather is in a nursing home with dementia. His daughter whispers, ‘Where are your paychecks?’ in his ear. How can my mother protect him?
“My mother has a durable power of attorney for Sam’s healthcare and is his primary representative. No one has financial POA.”
Concord outbids Blackstone for rights to songs by Shakira, Justin Timberlake
The Nashville music producer, which is being financed by Apollo Global Management, outbid private equity giant Blackstone
The 2024 Kia EV9 and the Rivian R1S compared: Which of these 3-row electric SUVs is better?
These two midsize SUVs carry up to seven passengers and offer plenty of range, but they are designed to do different things.
A bucket list of cities to visit for literature lovers, from Emily Dickinson to Jack Kerouac
Literature buffs can get to know their favorite writers and walk in their footsteps just by visiting these authors’ homes and haunts.
Rubrik prices its IPO at $32, above expected range
Rubrik Inc. priced its initial public offering late Wednesday at $32 a share.
Anglo American shares surge on possible BHP offer
Anglo American shares surged Thursday after mining giant BHP approached it about making a takeover bid.
These investments will boost your net worth more than any growth stock
Why value stocks with low P/E ratios deliver long-term.
Tesla shows Wall Street a path to ‘positive catalysts,’ BofA says
Tesla Inc.’s better-than-expected quarterly earnings and reassurances from the EV maker that it is on a path of “positive catalysts” led to a stock upgrade at BofA Securities on Wednesday.
Trump Media CEO renews assault on ‘DJT’ short sellers — but the math doesn’t add up
Former President Donald Trump’s media company is waging war on short sellers, but data show they cannot be blamed for the stock’s volatility.
Molson Coors’ gains from the Bud Light boycott have run their course, analysts say
When a conservative-led boycott hit Bud Light’s sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming to an end, Citi analysts said Wednesday.
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.
Hilton’s stock pops after earnings beat estimates, despite the impact of bad weather
Hilton Worldwide Holdings Inc.’s stock rose 4.6% Wednesday after the hotel operator’s first-quarter earnings beat analysts’ estimates, even as the company grappled with bad weather and other issues.
One of Wall Street’s biggest bears hits pause on making calls on the S&P 500
One of Wall Street’s biggest bears is giving up on making S&P 500 calls, at least for now.
Alphabet earnings should show AI boosts, but Google still faces many clouds
Contrasting opinions highlight a divergent storyline as Alphabet Inc. nears its first-quarter report on Thursday.
TikTok’s potential ban is signed by Biden. Here’s what comes next.
The app has one year to ditch its Chinese ownership before any ban would take effect. TikTok has promised a legal battle.
Boston Scientific’s stock heads for record high as earnings shine and company offers upbeat guidance
Sales of cardiovascular products rose 15.9% in the quarter, helping Boston Scientific beat estimates.
Humana stock reverses lower as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook will continue.
Hasbro swings to a stronger-than-expected profit despite lower revenue
Consumer-product sales fall but gaming provides a boost.
Durable-goods orders get boost from autos and planes, but most manufacturers tread water
Orders for U.S. durable goods jumped 2.6% in March, but most of the increase was tied to new autos and passenger planes. Orders barely rose outside of the transportation sector in a sign of ongoing manufacturing weakness.
Vertiv’s stock rallies as data-center AI deployments fuel earnings beat
Vertiv cites the “acceleration of AI-driven demand” in driving new orders.
Boeing’s losses narrow, but the airplane business keeps getting weaker
The commercial-airplane business has weakened to the point that it is now Boeing’s smallest business segment.
Oil prices hold steady ahead of weekly U.S. crude stockpile data
Oil prices were steady on Wednesday morning as investors awaited the release of the official U.S. data on oil and product stockpiles due at 10:30 a.m. Eastern time.
Tesla’s Musk answers one big question — but introduces many more
Tesla says it’s still focused on a lower-cost car, but UBS thinks many aspects of it are “still in flux.”
‘Irrational excitement’ over AI will wipe out tech stocks, says contrarian investor who has nailed prior selloffs
Steven Jon Kaplan, author of the True Contrarian blog and newsletter, says a popular tech ETF is headed for hard times thanks to “irrational” AI excitement.
Roche prepares for business after boom from COVID-related products
The Swiss pharmaceutical company reiterated its outlook, predicting single-digit growth this year, following an end to the slump in COVID-19-related sales.
U.S. housing market is ‘chaotic’ — and faces one of its biggest tests, Re/Max founder says
The housing market is facing a significant hurdle in the form of higher rates, brokerage chairman says.
‘I racked up $45,000 in credit-card debt making home repairs’: Should I refinance my $1.5 million house or take out a personal loan to pay it off?
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
U.K. communications equipment supplier surges on SpaceX pact
Shares of a U.K. communications equipment company surged on Wednesday on a deal to supply SpaceX with products for the Starlink platform that will give the Elon Musk-run company the option to buy up to a 10% stake.
8 important facts you should know about taking a road trip in an electric car
A trip in an electric Audi to see the eclipse yields some valuable lessons.
Embattled grocer Casino may cut 3,000 jobs
Embattled grocer Casino Guichard-Perrachon could cut more than 3,000 jobs in a push to return to growth after a recently completed financial restructuring.
Evotec shares lose a third of their value on cloudy outlook
Shares of German biotech Evotec lost a third of its value on Wednesday on an uncertain outlook as it named a new chief executive.
Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report
Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistleblowers, according to a report by Bloomberg.
The U.S. Treasury is about to make a move designed to make the bond market more resilient
A long-awaited program intended to make the Treasury market more liquid and resilient is expected to get off the ground in a matter of days.
Jamie Dimon praises House leaders for Ukraine, Israel aid deal, but flags difficulty of getting anything done in the U.S.
JPMorgan Chase Chief Executive calls for more collaboration between government and business.
Why S&P 500’s ‘roller coaster’ Monday may bode well for stocks, according to Bespoke
U.S. stocks resembled a “roller coaster” on Monday with a pattern of swings that frequently has followed a market low, as the S&P 500 tries to recover from April’s slump, according to Bespoke Investment Group.
How populism’s worst ideas about trade and immigration threaten U.S. economic growth
Americans showing more skepticism towards affirmative action and open immigration.
‘This will be a little bit worse than a normal correction’: April’s stock-market selloff isn’t over yet
Technical analysts Ralph Acampora, Larry Williams and Vance Howard see market weakness ahead.
Here are the lobbyists working to keep TikTok on U.S. phones
A House-passed bill, which the Senate looks poised to OK this week, gives the app a year to ditch its Chinese ownership — otherwise it’s banned nationwide.
Virgin Galactic skyrockets 18%, stock on pace for biggest gain in 10 months
Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days.
GE Aerospace’s stock leaps toward a 16-year high after earnings beat forecasts
Shares of GE Aerospace got a boost premarket Tuesday as quarterly profit and revenue — including results before the spinoff of GE Vernova was completed — rose above expectations.
Oil prices edge higher as traders weigh potential for disruptions to Middle East supplies
Oil prices were edging lower on Tuesday morning, with Brent futures retreating below $87 a barrel after posting its lowest finish in nearly a month in the previous session.
Kimberly-Clark’s stock jumps 5.7% as company sweeps past earnings estimates
Kimberly-Clark Corp.’s stock rose 5.7% early Tuesday, after the parent to consumer brands including Huggies diapers and Scott and Kleenex tissues beat profit and sales estimates for the first quarter.
Sales of new homes rebound in March
New-home sales were at a 693,000 annual rate in March, compared with 637,000 in February.
Elon Musk and SpaceX set to hit rocket milestone with Starlink satellite launch
Elon Musk’s SpaceX is preparing to launch 23 Starlink satellites atop a Falcon 9 rocket from Florida Tuesday in what will be an important milestone for the private space company.
PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
The soft drink and salty snack giant beat Wall Street’s first-quarter profit and revenue estimates but said its Quaker Oats unit swung to a loss on product recalls.
Bitcoin can restore Swiss neutrality, says activist calling on central bank to invest in cryptocurrency
Crypto activist Yves Bennaïm is seeking 100,000 signatures to trigger a referendum that could amend Switzerland’s constitution and force the country’s central bank to invest in bitcoin
GM’s blowout earnings show ‘long-awaited turnaround appears to be under way’
In a letter to shareholders, Chief Executive Mary Barra said the car maker is seeing “good early sales momentum” for EVs such the Cadillac Lyriq as it benefits from “scale, material cost and mix improvements.”
Pulte’s stock rises premarket as home builder cites housing shortage boost
Shares looked to advance after Pulte beat estimates and grew its backlog to $8 billion.
JetBlue’s stock slides 10% premarket as Q1 loss widened significantly, CEO warns on full year
The airline’s first-quarter loss widened significantly from a year ago.
The worst financial move my family ever made: my wife became a stay-at-home mom
The cost of balancing child care and career decisions follows parents for the rest of their lives
Goldman hasn’t given up on the stock-market rally, but is starting to get nervous
Goldman strategists say brace for more stock volatility this year, as chances of no Fed rate cuts increase.
Amazon offering $9.99-a-month grocery delivery sub for Prime Members
Amazon.com Inc. said Tuesday it is introducing a $9.99-a-month grocery delivery subscription service for Prime members and a lower-cost $4.99-a-month service for customers using electronic benefits transfer, or EBT.
‘I don’t want to end up with stalkers’: Should I let my heirs know that I’m writing a will and what they can expect to inherit?
“Should I even let them know that there is a will in which they are mentioned?”
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
Apple iPhone sales tumbled in China in first quarter, research firm says
Apple iPhone sales tumbled in China during the first quarter, a research firm said Tuesday.
Recruitment firm Randstad says North America, Northern Europe conditions softer than expected
Shares of recruitment firm Randstad fell as much as 7% as the company said it experienced softer than expected conditions in North America and Northern Europe and that tough conditions continued in April.
JD Sports strikes deal to buy Hibbett for $1.1 billion in push for U.S. growth
The Greater Manchester sportswear seller is set to acquire the Alabama company for $87.5 per share, marking a 21% premium on its closing share price on Monday
Novartis shares jump as drugmaker boosts outlook
Novartis shares rallied on Tuesday as the Swiss drugmaker raised its outlook for the year after seeing strong demand for heart and psoriasis drugs.
Nike needs a win, and it’s betting on Caitlin Clark to deliver one
Some Nike athletes’ careers are “winding down,” one expert said, and the company is looking to make a big splash with Clark’s meteoric rise.
China’s economy is finally showing bright spots. Worrying signs remain.
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
Here’s a list of the 95 Express stores that will be closing
Express Inc. said Monday that it was closing 95 Express-branded stores as part of its bankruptcy plan.
‘We were all set to enjoy our retirement’: My son invested in startups and we bailed him out with $100,000. What now?
“When we agreed to help, it was with the understanding that this debt would be paid back with his share of inheritance.”
AMC stock continues rally as movie-theater chain updates credit strategy
Shares of AMC registered their highest close in almost a month on Friday.
People who do these jobs are 40% less likely to end up with cognitive impairment after 70
A new study on the risks of cognitive decline looked at 7,000 people in 305 occupations.
This ‘hidden gem’ of a city wants the tech world to take notice
Although it’s home to 11 Fortune 1,000 companies, Richmond, Va., has a “modesty problem.”
Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings
Technology stocks are broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.
Living to 95 may impact the world as much as AI and climate change
You need an “evergreen” approach to life, work and health, economics professor Andrew Scott says.
If recent stock-market weakness has you on edge, this might be your problem
4 ways to play defense from a market-beating fund manager
Activist investor Ancora ramps up pressure in Norfolk Southern board battle
The Norfolk Southern proxy fight is intensifying ahead of the company’s annual meeting on May 9.
Oil prices fall as analysts say Middle East tensions not likely to escalate
Oil prices retreated Monday as concern eased that the geopolitical tensions in the Middle East would disrupt supply.
CoStar pays big premium to buy tech company that creates virtual showings
Matterport’s stock skyrocketed Monday, after the provider of 3D “digital twins” of real estate properties agreed to be acquired by online real estate marketplace CoStar Group Inc. in a deal valued at $1.6 billion.
Chipotle kicks off Middle East expansion with first Kuwait restaurant
The Kuwait City restaurant marks Chipotle’s first entry into a new country in 10 years.
Albertsons’ profit tops estimates and offsets revenue miss
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”
Opening arguments kick off Donald Trump’s historic first criminal trial. Here’s what to expect.
Trump faces felony charges for allegedly trying to cover up hush-money payments to adult-film star Stormy Daniels.
My daughter has special needs. Does the IRS have the authority to take money from a trust that I set up in her name?
“I am not in any trouble and nor do I currently owe any money to the IRS. However, I’ve had several expensive run-ins with the IRS.”
My wife and I bought a vacation home with a 6.6% mortgage rate. Should we sell our rental property to pay it off?
“The way I look at it, paying the mortgage off now would give us a guaranteed 6.6% return, which is higher than our return on the condo.”
Cardinal Health’s stock falls after company says contract with OptumRx will not be renewed after June
Drug distributor backs fiscal 2024 profit guidance despite end of contract that generated 16% of its revenue last year.
Verizon loses fewer subscribers than expected on key metric, and its stock rises
Verizon lost fewer net postpaid phone subscribers than expected in the latest quarter, as consumer gross additions ticked up and churn improved.
Quanex to buy British rival Tyman in $1.1 takeover that would pull U.K. firm off the London Stock Exchange
The $1.1 billion takeover would see the FTSE 250 company taken off the London Stock Exchange following a series of exits in recent months
Gold set for biggest one-day fall since December as geopolitical concerns ease
Gold prices are under pressure as the new trading week kicks off, with geopolitical pressures seen easing in the Middle East.
The 2025 BMW Z4: This quick and agile luxury sports car drives with flair
The 2025 BMW Z4 is a luxury sports car with speed, agility, and class. It’s good at what it does, and it’s not just a weekend toy.
Cars are piling up at dealerships, and that means discounts—but not for every brand
March saw an increase in the oversupply of new vehicles, but the situation changes from brand to brand.
Tesla cuts prices for many of its models worldwide, slashes cost of Full Self-Driving in U.S.
Tesla Inc. cut prices for many of its vehicles in the U.S., China and Europe over the weekend amid slumping sales.
Salesforce, Informatica reportedly can’t agree to deal terms
Salesforce Inc.’s bid to buy Informatica Inc. has sputtered after neither company could agree to terms, the Wall Street Journal reported Sunday night.
S&P 500 heads for worst month since 2022 as bond yields jump on inflation fears
The U.S. stock market’s bull run has hit a rough patch, as bond yields spiked this month on fears that a robust economy is helping to keep inflationary pressures alive.
The Magnificent Seven have gotten less magnificent ahead of earnings. This one could have the most explaining to do.
Four of the Magnificent Seven stocks will make their case to investors this week.
I bought an air fryer from Costco. Should I now buy gold?
The warehouse chain has done a brisk business selling the precious metal.
House passes bill that could lead to U.S. TikTok ban, and Senate’s OK looks likely
The U.S. House of Representatives has voted in favor of a revised bill that could lead to a nationwide ban of TikTok, setting the measure up for a Senate vote before President Joe Biden can sign it into law.
Here is a one-year CD that now pays 5.36% — thanks to the Federal Reserve
There are safe places to park your money and get a decent return.
I love small towns and rail-trails. My house budget is $200,000 — so where can I retire?
Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.com.
Here’s what the S&P 500’s 50-day moving average is telling us now about stocks
The once-reliable market-timing indicator has lost its predictive power.
Juice up your S&P 500 fund for higher returns
What you add to the S&P 500 can spice up your results, for higher returns and possibly lower risks
Big pharma is looking to fatten profits with buyouts of weight-loss drug companies. Here are 4 candidates.
Even if they’re not acquired, these small companies are developing promising obesity and diabetes treatments.
IRA beneficiaries don’t have to take an RMD this year. But here’s why maybe they should.
Beneficiaries of individual retirement accounts don’t have to take required minimum distributions this year — a responsibility that can normally result in owing more in taxes.
Biden has lost control of the financial cycle ahead of the election
Mortgage rates are back above 7% and the Federal Reserve is no position to conduct multiple rate cuts before November.
How much stock exposure is enough for retirees? These 10 target-date funds offer clues
Funds pegged to retirement in 2020 still kept a meaningful allocation to the stock market.
This timeline charts oil prices reacting to Israel-Iran attacks so far. What comes next?
A volley of attacks between Israel and Iran isn’t rattling oil markets. Is crude priced for peace?
This chart shows why the stock-market rally should broaden out later this year
The earnings-growth differential between the largest S&P 500 companies and the rest is expected to shrink later in 2024.
I’m 55 with no kids. I was unhappy at work so I took early retirement. I’ve more than $2.7 million in stocks and $1.6 million in real estate. Is that enough?
”I expect to inherit close to $500,000, but I am not counting on that in my planning.”
Test yourself: See if you’re one of the few who can answer these 2 basic retirement questions
Financial literacy can make a big difference in how well prepared we are for retirement.
How to find off-market property listings, according to real-estate pros
Looking for off-market properties involves thick skin and some detective work, three real-estate pros say.
Why Elon Musk’s latest Tesla robotaxi promise is unlikely to deliver
If anything, autonomous vehicles seem to be further away from the ultimate goal of being fully self-driving.
Tesla earnings day is around the corner. So far, robotaxis are ‘just a buzzword.’
Tesla is heading toward its earnings day next week, and there’s plenty for investors to worry about.
Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.
Tesla’s stock suffers sixth straight slide as Cybertruck recall is announced
Tesla must recall nearly 4,000 Cybertruck vehicles due to potential problems with their accelerator pedals.
Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.
Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at least, not yet.
‘My boss didn’t even know’: Tesla employees talk about being shocked at how they were laid off
“I got the email on my off day, and they sent it in the middle of the night — no warning,” one former Tesla employee said about the layoffs.
Nvidia’s stock plunge leads Magnificent Seven to record weekly market-cap loss
The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week.
Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.
As Paramount’s stock soars, bonds see net selling despite juicy yields and discounted prices
Paramount’s bonds that mature in 2032 and 2036 are currently yielding more than 7%.
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?
Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates
Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.
AMC’s stock resumes rally, on pace for highest close since March
Shares of movie-theater chain and original meme stock AMC are up three of the past four days.
Why Super Micro’s stock is tumbling toward its worst day in two months
Some were hopeful Super Micro would give a positive update ahead of its official results, but that didn’t materialize when the company set its earnings date.
Tesla reports earnings next week — can you as an investor expect anything good?
Also: Netflix’s good numbers and a reporting change, buying a home off-market, and retirement investing strategies.
Norfolk Southern fires back at activist Ancora as proxy fight intensifies
Norfolk Southern has slammed the “flawed assumptions” of Ancora’s “highly unrealistic near-term financial targets” for the company.
Amex says cardholders are buying lots of ‘front-of-cabin’ plane tickets, as total spending grows 7%
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.
Trump Media’s ‘DJT’ stock rises again after call to stop ‘naked’ short selling
Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.
‘I’d rather wear a potato sack’: I’m a bridesmaid at three weddings. The brides chose ugly dresses — and I’m obliged to pay. Should I say no?
“I’m getting increasingly anxious about these mounting expenses, and I don’t know how I can possibly afford them.”
Netflix is undergoing a tech ‘rite of passage,’ and Wall Street doesn’t like it
Other technology companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.
Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue rose 18% to offset softness in North America, says CEO.
Mark Zuckerberg is now richer than Elon Musk as Meta launches new AI
Zuckerberg’s total net worth of $178 billion surpassed Musk’s $170 billion as of Friday, according to Bloomberg’s Billionaire Index.
P&G’s stock falls after sales miss, as baby and health-care volumes declined
Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.
Apple removes WhatsApp and Threads from China store after order from government: WSJ
The removal from the app store means Chinese mobile users are unable to download and use it via VPNs, which allow users to get around the country’s firewalls.
Five reasons why the stock-market’s ‘painful’ pullback may be nearing its end
It’s been a painful experience for investors over recent days. But it may soon come to an end says Tom Lee
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.
Seven places to retire for people who love cruises
If you plan to cruise a lot in retirement, being within driving distance of a major port can open up the world to you.
Nordstrom confirms it’s looking to go private, with founding family interested in deal
Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger profits.
Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran
Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.
Try a weekend beach escape to Pensacola: White sand, Blue Angels and blackened redfish
Opera in your flip-flops, mingling with artists, fresh seafood, white sand beaches, sailing and paddling are the makings of a fabulous Florida vacation.
Oil advances but off session highs after Israel retaliation avoids Iran’s nuclear facilities
Oil prices were modestly higher on Friday, following price spikes earlier after Iran fired defenses in military bases in response to drones in the air, suspected to be Israel’s.
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.
Stocks are bad at holding early gains lately. Can they avoid this six-year milestone?
The S&P 500 needs to end higher on Thursday to avoid a four-day streak of opening in the green, but closing in the red.
These tips for investing in mutual funds and ETFs can elevate your portfolio
This week: Retirement planning with target-date funds; fighting inflation with TIPS funds, and tapping into growth trends and buyouts.
3M may be poised to cut its dividend — and break with a 64-year tradition, says analyst
The company is grappling with legal settlements and a slowdown in growth and margins that are making its dividend difficult to sustain.
June Fed rate-hike risk looms as U.S. labor market stays strong
The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.
This century-old stock-market indicator suggests selloff is far from over
A stock-market indicator with more than a century of history is flashing a warning for investors, suggesting the selloff that began earlier this month may deepen.
White House ‘carefully monitoring’ gasoline prices to make sure they’re affordable, Biden aide says
The Biden administration is “carefully monitoring” gasoline prices to ensure their affordability for Americans, a top White House economist said Thursday, as prices have climbed compared to a month ago.
Elevance Health’s quarterly profit tops estimates to offset a revenue shortfall
The stock was on track for its highest close since Dec. 12, 2022, and its biggest percentage increase since July 14, 2023.
‘It’s the scene of an unsolved murder’: We put in an offer on a secluded cabin with 40 acres, but someone was killed there. Should we bail?
“It doesn’t really bother me that someone was killed there. However, what does bother me is the fact that this murder is still unsolved.”
Infosys’ stock falls for a 7th straight day, the longest loss streak in 2 years
Infosys’s stock continued its selloff Thursday toward a 10-month low, after the India-based information-technology consultant reported fiscal fourth-quarter revenue that missed expectations.
Eight stock picks in AI, obesity drugs, e-commerce and other growth areas beyond the S&P 500
Nicole Kornitzer of Buffalo Funds explains how she invests in “secular growth trends that can last a number of years.”
Bill that could lead to TikTok ban gets potential new path to becoming law soon
The prospects may have improved this week for a bipartisan House bill that could lead to a nationwide ban for TikTok.
Can you negotiate severance if you’re laid off? It’s possible — and it’s the ‘No. 1 thing’ most workers leave on the table.
Elon Musk apologized for “incorrectly low” severance packages in the latest Tesla layoffs. Here’s one way to protect yourself from future job cuts.
Leading index for U.S. economy retreats again in March
The leading indicators for the economy fell in March, just a month after posting its first increase in two years, but there’s little sign that growth is slackening.
Fed’s Williams says he doesn’t feel ‘urgency’ to cut rates
The Federal Reserve’s benchmark interest rate is in a “good place,” moving inflation down, and there is no need to rush to push it lower, said New York Fed President John Williams, on Thursday.
Jobless claims flat at 212,000 and still show no sign of rising layoffs
The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.
Philly Fed factory gauge jumps to highest level in two years in April
The Philadelphia Fed said Thursday its gauge of regional business activity jumped to 15.5 in April, from 3.2 in the prior month.
Oil prices on track to fall for fourth straight day as demand disappoints
Crude-oil prices continued to soften for a fourth straight day Thursday, with futures falling to their lowest level in three weeks.
The stars may be aligning for a repeat of last August’s stock selloff, warns JPMorgan
Investors dismissed a march higher in bond yields last year. That didn’t turn out so well, says JPMorgan.
Alaska Air’s stock up 1.6% after carrier’s loss is narrower than expected and revenue tops estimates
Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout
Good news for retirees as these ‘low-risk’ investments go on sale
This stampede away from certain assets has created a buyer’s market.
‘He left me for another woman’: During my divorce storm, I began withdrawing benefits from our joint and survivor annuity. Can I reverse this?
“I made a hasty decision to take early retirement as I was financially broke.”
Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package
Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.
Nokia says it expects rebound in second half of 2024 following 19% drop in first quarter sales
The Finnish telecoms company said a slump in infrastructure spending in the U.S. and India hit its first quarter revenue
Buy eBay and short Etsy, says Morgan Stanley in call on e-commerce
Morgan Stanley says investors should buy eBay and short Etsy in a call on the $1.1 trillion U.S. ecommerce market.
TSMC posts surge in profits as AI boom boosts high-tech chip sales
The Taiwanese chipmaker beat analysts’ forecasts following a surge in demand for its most advanced 3nm chips
CEO Anne Wojcicki looking to take 23andMe private
23andMe Chief Executive Anne Wojcicki is looking to take the beleaguered DNA-testing company private, less than three years after it went public.
The company that lost 99% of its value now has an explanation — a margin call
China Tianrui Group Cement last week saw its stock drop 99%, and then didn’t tell investors why for more than a week.
Silver has outperformed gold in 2024 and is on track for a 4th straight yearly supply deficit
Silver has been outpacing gold’s gain so far this year, and an annual report from the Silver Institute predicts that the global market for the metal is poised to mark a fourth straight yearly supply deficit.
Biden calls for tripling tariffs on Chinese steel and probing Beijing’s potentially unfair trade actions in shipbuilding
President Joe Biden’s administration rolled out new measures that aim to protect U.S. industries and target China on Wednesday, the same day Biden spoke in Pittsburgh to members of the United Steelworkers union.
Red Lobster may file for bankruptcy protection: report
Seafood restaurant chain Red Lobster may be headed for bankruptcy, according to a published report.
Fed’s Beige Book finds steady economic growth but little progress in reducing inflation
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in further reducing inflation.
Trump’s DJT stock rises for a change, for its best day since the ticker changed
Investors in Trump Media and Technology were enjoying a rare win on Wednesday, as Donald J. Trump’s social-media platform’s stock rallied on a day that the broader stock market fell.
AMC’s stock continues rally, on pace for best two-day stretch since October
Shares of AMC Entertainment Holdings Inc. continued their rally Wednesday, climbing 7.2% after ending Tuesday’s session up 10.1% to register their biggest gain since February.
Will the Baltimore Bridge collapse weigh on CSX’s earnings?
Railroad operator CSX reports first-quarter results after market close Wednesday.
How much money should you keep in your checking account? This TikTok user says she would ‘panic’ if her balance fell below $4,000.
There are downsides to keeping too much in checking, experts say.
Three reasons Generation X thinks reality bites when it comes to retirement
Gen X will start turning 60 next year, and they’re less optimistic than baby boomers about their retirement prospects. Here’s why.
Morgan Stanley reportedly planning four-part bond deal a day after blowout earnings
Morgan Stanley is planning to tap the investment-grade bond market later Wednesday with a four-part deal divided between four-year, six-year and 11-year notes, Bloomberg reported.
Can dementia be funny? How about elder scams? ‘The Conners’ mines difficult aging topics for laughs
You’d be surprised by the laughs you can get from a bungled attempt at credit-card fraud.
FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT
FTC’s five commissioners are due to meet next week to discuss the $8.5 billion deal.
Tech layoffs still in spotlight after Apple and Take-Two cuts. But how does 2024 compare to 2023?
The tech sector layoffs that characterized 2023 have continued into 2024 with a number of big-name companies announcing cuts.
Travelers’ stock suffers biggest selloff in 4 years after profit miss
Shares of Travelers Companies Inc. took a hit Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.
American pandemic savings have depleted faster than other countries. Is that good or bad?
Mohammed El-Erian took to social media on Wednesday to post a chart, drawing on International Monetary Fund research, showing that the U.S. has depleted pandemic savings faster than other economies.
IMF worried about global spillovers from loose U.S. fiscal policy
The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy.
Abbott Labs’ first-quarter results top estimates amid strong medical-device sales
Abbott Laboratories on Wednesday reported first-quarter sales and profit that topped expectations amid strength in its medical-device business.
Elon Musk again got no pay last year and Tesla formally asks for help changing that
Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.
Why the bond market still holds the cards as Fed walks back its pivot talk
Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cuts
Eli Lilly reports positive data in Phase 3 trial of weight-loss drug as treatment for sleep apnea
Zepbound reduced apnea effect by up to 63% and achieved about 20% weight loss after a year.
‘We’re pricing in an acceleration.’ Portfolio manager offers two stocks to protect from this big investor blind spot.
Markets are pricing in an acceleration, and not even a mild recession, warns Matt Stucky, chief portfolio manager, equities, at Northwestern Mutual Wealth Management. He’s got two stocks for that.
You’re paying a lot more for food these days. Here’s how to save money on groceries.
These expert-approved tips can help keep grocery bills within your budget.
Just Eat shares drop as falling takeaway orders in North America hit Grubhub owner’s sales
The Dutch takeaway seller reported a 6% drop in sales driven by plunging orders in North America
My mother-in-law, 75, has difficulty paying off her $52,000 mortgage and $20,000 HELOC. Should she sell her home — or take out a reverse mortgage?
“She can barely make her mortgage payment as all her income goes towards the house payment and living expenses.”
The revised, renewed and renamed 2024 Audi Q8 e-tron has longer range and better driving dynamics
The electric midsize SUV we knew as the Audi e-tron is now the Q8 e-tron, with longer range and cutting-edge Audi style.
LVMH weathers luxury market slowdown as fashion business bolsters sales
The luxury conglomerate posted a 3% increase in its organic revenue in the face of a post-COVID slump that has hit rivals including Kering and Burberry
ASML orders miss estimates as CFO says it’s still on track to meet 2025 goal
ASML Holding, the Dutch microchip equipment maker whose machines are so high tech that the U.S. limits what it can sell to China, on Wednesday reported worse-than-expected orders and a sharp drop in profit as the company works through what it calls a transition year.
Oil posts back-to-back losses, suffering from ‘uneasy calm’ on Middle East tensions
Oil futures notched back-to-back-session losses on Tuesday.
Rents have finally stopped skyrocketing. They’re now stuck at a price most Americans can’t afford.
Rent growth is slowing, but many cost-burdened households see no respite from rising prices.
ETFs that buy bank stocks are under pressure, lagging U.S. equities market
Exchange-traded funds that hold bank stocks were under pressure Tuesday afternoon, lagging the broader U.S. equities market.
‘Extremely active’ hurricane season may lead to late-summer surge in gas prices
U.S. gasoline prices at the pump probably aren’t too far from their likely peak this year, but a particularly active Atlantic hurricane season could lead to a late-summer surge in fuels costs, analysts warned Tuesday.
Fed’s Powell says likely to take longer to meet conditions to cut interest rates
Recent inflation data has not given greater confidence about declining inflation, Fed chair says.
Netflix is getting ready to body-slam the competition with live sports-entertainment content
For now, the password-sharing crackdown and advertising are likely to carry the day for Netflix, whose global membership stands at 260 million.
‘He has quit talking to me’: My father, 83, suffers from hoarding disorder and dementia. Do I have a right to intervene?
“I want to do what’s right and ethical as his child.”
Cutting interest rates is misguided — the easy money would only fuel inflation
The Federal Reserve should keep credit conditions tight for now.
Teslas have never been this cheap. Here’s why leasing or buying a used one may be the best deal.
The EV maker, which is laying off workers, has been slashing prices. ‘There’s a great opportunity for used-car buyers.’
How to save money on your internet and mobile data plan with the FCC’s new broadband ‘nutrition labels’
‘In the past, all of this stuff was hidden in small print,’ says one expert about the FCC’s new labels to help consumer compare broadband deals.
Do cash-gushing stocks outperform the S&P 500? Here’s what history has to say.
Here’s how selecting stocks five years ago by FCF yield would have worked out.
Fund managers are giving up on bonds in a way they haven’t in 20 years
Fund-manager allocations to bonds dropped by the most in more than 20 years as they become more optimistic on growth while becoming less convinced the Fed will succeed in fighting inflations, a survey published Tuesday showed.
Fed shouldn’t cut interest rates to boost U.S. financial stability, IMF says
The Federal Reserve should not cut interest rates with an eye on financial stability concerns, the International Monetary Fund said Tuesday, in its latest update on financial market risks.
Microsoft-allied Rubrik could be valued at more than $5 billion after IPO
Data security company Rubrik has set terms for its initial public offering, which puts it on course to be valued are more than $5 billion
This is the best hedge against unexpected inflation. It’s not what you think.
Gold is not the best hedge against unexpected inflation. Neither is bitcoin.
AMD’s stock can surge 40%, this new bull says — even as Nvidia still dominates
HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs.
European bank stocks are a better bet than U.S. peers, says JPMorgan
Investors should consider buying European bank stocks ahead of their U.S. counterparts, according to analysts at JPMorgan.
People who say they go to religious services weekly are probably lying, study finds
In what looks to be a clear violation of the Ninth Commandment, people are dramatically overestimating how frequently they attend religious services.
UnitedHealth swings to a loss but stock surges after adjusted profit beats views
Health insurer books a near $700 million hit from Change Healthcare hack during the quarter, sees more costs coming
Tesla’s earnings pressure builds as ‘gut-punch’ executive departure is confirmed
Tesla Inc. confirmed large-scale job cuts on Tuesday, as well as the departure of a key executive — moves that add pressure ahead of the company’s earnings report next week.
Stock-market pullbacks are price of admission, says strategist who expects bumpy gains
Keith Lerner, chief market strategist at Truist Advisory Services, said it’s normal for markets to pull back — only three years out of the last 40 was there not a pullback of more than 5%.
UBS increasing capital by $25 bln is right level, say Swiss authorities
Forcing UBS to hold some $25bn more in capital would be the “right” level, according to Swiss lawmakers.
How Salesforce’s potential Informatica deal is an unwelcome flashback to its old ways
Wall Street did not react well to reports that Salesforce Inc. might buy Informatica, as investors were reminded of its mixed track record at acquisitions.
Increase the retirement age, but only for those who can work longer
Let’s see if we agree on what the retirement age is today
Ericsson posts increase in profits as higher margins offset falling sales
Ericsson shares jumped 5% on Tuesday after the company posted an increase in its profits, as higher margins offset its falling sales
Gold to ‘shine bright like a diamond,’ hit $3,000 within months, says Citigroup
Citigroup analysts predict gold will reach $3,000 within six to 18 months, with more buyers piling in amid Fed rate cut hopes and geopolitical tensions.
Bill to boost child tax credit and corporate breaks looks almost dead on Tax Day
Analysts are not sounding optimistic on the tax package’s prospects in this election year.
They thought a degree would change their life. Instead, it left them trapped in school and in debt for years.
A $28.5 million deal between Walden University and its former students highlights claims of “reverse redlining.”
Reddit is bucking this big tech trend. Analysts view it as a positive.
‘We don’t really have capex to speak of,’ Reddit CFO Drew Vollero told MarketWatch on the day of the company’s initial public offering last month
Cisco’s stock could surge more than 20% on these three drivers, says BofA
BofA’s Tal Liani upgraded Cisco shares, cheering the company’s opportunity to benefit from networking growth on the heels of market-share gains.
‘Streamflation’ nation: Streaming platforms are overcharging us for subpar content
As costs escalate, the temptation to engage in password sharing, VPN usage, and reliance on third-party apps intensifies.
Here’s how much Caitlin Clark and the other top picks in the historic 2024 WNBA draft will make as pros
Hint: It’s less than $100,000
Oil prices a ‘chief concern’ for markets after Iran attack on Israel
U.S. stocks look to rebound on Monday, after fears over the conflict in the Middle East sparked a flight to safety Friday in U.S. markets.
12 ways to screw up your retirement savings
It’s easy to make mistakes when saving for retirement — even when you have money to invest.
The world is on fire — here are 4 economic ways to put it out
Why helping the poorest countries with debt relief and investment benefits all of us.
Gold falls from record high as market awaits Israel response to Iran attack
Gold futures trade sharply lower Monday, easing back after ending last week at a record high.
Nvidia is the No. 1 S&P 500 growth stock in this screen. See which other companies joined or left the list.
An updated screen of the S&P 500 by expected growth rates for sales, earnings and cash flow shows many changes from last year’s list.
DJT stock tumbles after Trump files for the sale of nearly 115 million shares
Trump Media’s stock tumbled Monday, after the social-media platform filed to issue new shares, and for current stockholders to sell off nearly 150 million shares.
How the WNBA is preparing for Caitlin Clark and the historic 2024 draft class
Monday is the WNBA draft, and Clark is expected to be selected No. 1 by the Indiana Fever. Ticket prices for its road games are already up 151% compared with last season.
I want to tap in to my 401(k) early. What ways are allowed?
There are a few new possibilities, thanks to Secure 2.0
‘Punishing myself would not help’: My credit card was stolen — the thief revealed lots of nasty surprises about my finances
“The best and riskiest part of credit cards is you don’t have to think about the bill for 30 days.”
It’s Tax Day. Here’s what time your return is due — and how to file for an extension.
For many taxpayers, it’s still possible to get free last-minute tax prep in time for the April 15 deadline.
Retail sales rise sharply and could boost U.S. GDP in the first quarter
Sales at retailers rose a robust 0.7% in March and outlays in February were also stronger than initially reported, indicating the economy got a decent boost from consumer spending in the first quarter.
Goldman Sachs’s stock soars 3.7% after first-quarter earnings crush estimates
Goldman Sachs saw a rebound in investment banking as deal flow improved.
Crude-oil prices slide as markets see muted reaction to Iranian attack on Israel
Crude-oil prices retreated on Monday after an Iranian attack on Israel caused little damage, helping to diminish expectations about a broader conflict involving the two bitter rivals.
Corporations have broken capitalism. Here’s how to fix it.
Customers come before shareholders.
‘She burned his papers’: My elderly neighbor named me as his power of attorney. Can his estranged daughter object?
“He and his daughter had not seen each other or spoken to each other in at least three years.”
Adidas wins double upgrade at Morgan Stanley, thanks to ‘Spezial’ and other shoes
Morgan Stanley has upgraded Adidas shares to overweight, saying “channel checks point to building positive sentiment and top-line momentum.”
Temenos shares rally as independent review says short seller’s claims were ‘misleading’
An independent review rejected allegations made Hindenburg Research that knocked $2 billion off Temenos’ market capitalization in February
Medical Properties Trust shares rally on Utah hospital deal
Shares of beleaguered hospital real estate owner Medical Properties Trust soared in preopen trade on Monday after the company agreed to sell Utah hospital properties.
Jeep’s cult-favorite pink Wranglers are back, and it’s not a Barbie thing: The ’70s sitcom that inspired the color
The last time they offered it more than 30,000 customers jumped for it, and the company had to extend its run to meet demand.
Apple loses spot as world’s top smartphone seller as iPhone sales drop 10%
Global smartphone sales increased by 7.8% year-on-year driven by Chinese firms Xioami and Transsion’s double-digit increases
The step-by-step investor guide to navigating armed conflicts
This survival guide is not specific to any particular crisis at hand but based on an analysis of the extensive empirical literature on the impact of wars, civil wars, terror acts, and similar events.
Consumers’ bad feelings about a good economy shouldn’t be ignored, Boston Fed President says
In a conversation with MarketWatch, Susan Collins said she is wary of a negative self-fulfilling prophecy among pessimistic Americans.
Fresh uncertainty around Fed rate cuts exposes the stock market’s winners and losers
Higher U.S. inflation is dashing investors’ hopes for multiple Federal Reserve rate cuts this year, while opening the door to 5% Treasury yields across the board and cleaving the stock market into distinct categories of winners and losers.
Netflix earnings on deck. It could be a lot harder to please investors this time around.
Netflix’s stock has been on a tear over the past year, as the streaming platform gradually adopts the traits of the thing it once upended — a regular TV station.
Bitcoin and other cryptos rebound, but remain lower after Iran attacks Israel
Cryptocurrencies were clawing back some territory on Sunday, the day after a selloff following Iran’s missile and drone attack on Israel.
Cryptocurrencies plunge as Iran begins attack against Israel
Demonstration of how crypto assets can react to global events when more traditional investment instruments are not available for trading.
The stock market is testing the bulls to see if they have what it takes
Maintain a core bullish position but keep your powder dry.
Do you avoid the stock market’s worst six months or hold on?
Why ‘buy and hold’ does better than ‘sell in May and go away’ and most other market-timing bets.
My teenagers filed taxes for the first time, and they weren’t happy about it
They asked some good questions I couldn’t fully answer — even though I’m a “smart money person.”
I need to take RMDs from a 401(k) with $400,000. Should I invest in a Roth IRA or CalSavers?
“Do I just have to ‘bite the bullet’ and pay the taxes?”
Extreme tariffs on Chinese imports could hurt the U.S. more than China
Americans already pay more for China-sourced goods.
Nvidia doesn’t have a monopoly in AI — though it sure seems that way
Pricing power and lack of competition are driving Nvidia’s growth, but rivals are gaining traction.
An investment club helped this woman retire at 60 — even after her employer cut her pension
“One thing I always wanted to have was financial freedom.”
Here’s a simple stock-market timing system you can use that beats all the others
‘Seasonality Timing System’ shifts into and out of stocks using nothing more than the calendar.
Got a bigger tax refund this year? It might seem like a ‘happy surprise’ — but don’t get too excited.
This year, there’s an additional reason to stay sober about refunds — and it stems from how the tax code deals with the rising cost of living.
With inflation running hot, Series I bonds are still a smart move for yield and tax advantages
Even if your high-yield savings rate stops going down, you should think about your long-term cash plan.
This fund has outperformed with stocks that are ripe targets for other companies
Here’s a look at another strategy to continue a series of articles about ways to diversify beyond broad index strategies in the stock market.
Delta’s results are further proof that the carrier is a winner, say analysts
Delta is showing strength in a capacity-constrained environment, according to Melius Research.
Fears of Israel-Iran escalation are driving stocks lower. Here is what investors need to know.
Cracks in the stock market’s big rally in the past five months intensified on Friday as investors worried about a potential escalation of tensions between Iran and Israel.
Small-cap stocks ‘challenged’ as inflation pushes out Fed rate-cut expectations, warns BofA
U.S. small-cap stocks are “challenged” as Wall Street pushes out expectations for when the Federal Reserve may begin lowering interest rates due to concerns over persistent inflation, according to BofA Global Research.
‘She doesn’t like to rock the boat’: My mother will spend millions taking care of my aging stepfather. What can I do?
“It has been stated that he is not leaving my mom anything and that all his money will go to his kids.”
Tesla’s latest self-driving push? A price cut on its FSD software.
Tesla’s FSD software is the “crux” of the bull case for the company’s stock, an analyst wrote earlier this week. Now, the company has made a move that could get more drivers to try it out.
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.
Biden’s message to Iran: ‘don’t’ attack Israel — but he warns it could come ‘sooner than later’
President Joe Biden on Friday afternoon urged Iran not to attack Israel, with his remarks coming after reports said a direct attack could come as soon as Friday or Saturday.
UL Solutions’ stock soars 21.5% in trading debut after upsized IPO priced at high end of range
Stock of the testing, inspection and certification company shines in its first day of trading on the New York Stock Exchange.
Rent the Runway is on track for its best week ever after putting up meme-stock-like gains, but the stock is still way down overall
Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting shares on pace for their best week on record.
U.S. large-cap stocks post biggest weekly outflow in 16 months, say BofA strategists
U.S. large-cap stocks saw their largest weekly outflow since December 2022 in the past week, according to BofA Global.
Iran-Israel fears sink stocks as traders rush to gold, Treasury bonds
Reports that Israel is bracing for an imminent attack by Iran sparked a scramble for safety across markets on Friday, inspiring traders to dump stocks in favor of Treasury bonds, gold and the U.S. dollar.
Zoetis’s stock falls 8% after report that its arthritis shots may have sickened pets
Company says drugs are safe and effective, but can have side effects
JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings
JPMorgan’s stock gives back some of its gains for the year as first-quarter results trigger selling.
Cha-ching! Trump on track for $1 billion stock bonus — while outside investors lose up to 50%
Donald Trump is poised to make a huge profit from his latest venture, even as outside investors lose their shirts. Stop me if you’ve heard this one before.
‘We’ve had our ups and downs’: My late in-laws left their estate to me, my husband and our son. Do we need to hire an attorney?
“None of us want to buy the other out.”
A $1.50 sandwich? Despite inflation, food at the Masters golf tournament is still among the cheapest in professional sports.
Food prices in the U.S. are up 2.2% over the past 12 months, but at the Masters, a pimento cheese sandwich is still $1.50 and no food item costs more than $3.
How to get financial advice for free
Also, estate planning, a successful stock-market timing strategy and tips about housing and taxes.
Why it’s so expensive to own a car right now, in 5 charts
The good news for car owners? The price of a new car is finally getting cheaper. The bad news? Just about every other cost of owning a vehicle is getting a lot more expensive.
Consumer sentiment falls in April on worries about sticky inflation
An early reading of consumer sentiment in April retreated from a 32-month high, a sign of some frustration on the part of Americans about lingering inflation.
Inside the secret meeting where Donald Trump’s ‘catch and kill’ trial began
Soon after Trump announced his run for president in 2015, he allegedly hatched a plot with his lawyer and the publisher of the National Enquirer to pay to make damaging stories go away.
Frustrated with filing taxes? I just fixed your 2025 return. No charge!
Americans spend an insane amount of time and money doing their taxes. There’s got to be a better way.
Nvidia just keeps getting stronger, and that could be trouble for this stock
Wall Street may be overestimating Arista’s ability to capitalize on AI, and that’s partly because of Nvidia’s growing strength, says an analyst.
Import inflation rises for third month in a row. Higher oil prices play big role.
Import price index increases 0.3% in March
Oil prices bounce on continued Mideast tensions, but head for weekly decline
Crude futures moved higher Friday morning, shaking off weakness seen after the International Energy Agency lowered its forecast for oil-demand growth, with jitters around Middle East tensions providing support.
Labour party to face ‘uphill struggle’ in fight to boost U.K. economy, JPMorgan says
The U.K.’s Labour party will cruise to victory but is set to face an “uphill struggle” in its fight to revive Britain’s troubled economy, a JPMorgan analyst said Friday.
Stocks look vulnerable now — and not because of inflation, the Fed or the election
Bearish insiders, bullish individuals and bracing for global conflict.
Musk has two weeks to turn the ship around, says Tesla bull who is losing faith
Tesla’s next earnings call needs to emphasize that Model 2 is a priority, says a leading analyst.
‘My half-siblings are trying to slither their way in to get a handout’: How do I make sure my parents only leave their home to me?
“My sister from my mom’s previous marriage lives in an RV in our driveway.”
Apple to launch new range of Macs in line with AI push: report
Apple is planning to install upgraded M4 processors in its Mac computers in line with efforts to embed AI capabilities in its products and boost its dwindling sales
Biden administration approves $7.4 billion in student-debt relief for 277,000 borrowers
More than a quarter of a million student-loan borrowers who have been in repayment for at least a decade will have their debt cancelled, the Biden administration announced Friday.
Since 1926, stock-market returns are pretty lousy when valuations are this high
It’s the sort of stat you would expect a value fund manager to highlight, but it does offer caution about the future.
Gold barrels past $2,400 to a new high. There’s not much standing in its way, say analysts.
Gold was squarely aimed at its 17th record high on Friday, with prices surging past the $2,400 level as investors continued to watch geopolitical tensions and prospects for U.S. interest rate cuts.
These in-the-know investors are more bearish than they’ve been since 2014
Corporate insiders are selling far more of their shares than buying.
Silver has outpaced the strength of gold’s gain so far this year
Silver prices have gained ground on the heels of a rally in gold, with prices for the white metal on Thursday settling at a nearly three-year high and outpacing the strength of gold’s gain in the year to date.
Aerospace SPAC Mission Space Acquisition looks to the stars in filing for $100 million IPO
The Cape Canaveral-based blank-check company is eyeing opportunities in the aerospace and defense industries.
These tips for investing in mutual funds and ETFs keep your portfolio financially fit
Getting real about weight-loss ETFs, stock returns and bearish corporate insiders.
Boeing needs to focus on solutions, not shareholders
Aerospace giant’s self-inflicted woes hold broader lessons on how not to run a company.
The bar is finally low enough for Nike, analyst says. These big events could help the stock this year
Demand for shoes and clothes has suffered as prices for more crucial things, like groceries, stay high.
StepStone’s stock rises after J.P. Morgan upgrades asset manger to overweight
Shares of private-markets investment manager and data provider StepStone Group Inc. rose 5.4% on Thursday after the stock drew an upgrade to overweight from neutral at JPMorgan Chase on Thursday on growth expectations for the sector.
Fed’s Collins: Recent data ‘reduces the urgency to ease’
Recent labor market and inflation data highlight the need for the U.S. central bank to be patient about monetary policy, and has reduced the “urgency” to cut interest rates, Boston Federal Reserve President Susan Collins said Thursday.
What is a good credit score — and how can you improve yours?
For the first time in a decade, the national average credit score in the U.S. dropped in late 2023, according to data from Fair Isaac Corporation. But what exactly is a credit score and how do you know if you have a good one?
Bad news for home buyers: Mortgage rates jump on the back of strong economic data
The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.
CarMax’s stock drops 13% after it misses analyst estimates for net income and revenue
CarMax cited economic uncertainty as it extends its long-term sales target of 2 million units a year.
Nikola’s proposal for reverse split sends its stock even further below $1
The EV company is asking shareholders to vote for a plan that would help it maintain listing requirements and potentially broaden its investor base.
Why Apple’s doubters might be getting the stock wrong again, according to BofA
Investors have found plenty of reason to sour on Apple shares lately, but BofA explores whether they’re underestimating margin potential.
Oil prices consolidate after push higher on fears of potential Iran attacks
Oil futures consolidate after rising more than 1% the previous session on fears of a more direct confrontation between Israel and Iran.
Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’
“I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent inflation readings,” Williams said Thursday.
Beer sales helped Constellation Brands, but wine and spirits revenues stayed weak
The parent company of Corona and Modelo beers cites nearly 11% net sales growth from its beer business as positive highlight
Powell’s printer went brrrr. Kashkari goes grrrr. And WallStreetBets has a new bogeyman.
Neel Kashkari is now the object of scorn on Reddit’s message board.
Zimbabwe’s new currency, the ZiG, is on a roll
Zimbabwe’s fledgling new currency has steadily gained since its launch on Monday.
Vertex Pharma’s $4.9 billion takeover of Alpine Immune expected to boost its rare-disease portfolio
Vertex Pharmaceuticals Inc.’s acquisition of Alpine Immune Sciences Inc. makes strategic sense and will bolster the company’s rare-disease franchise, analysts said Thursday.
Why Amazon CEO Andy Jassy says the company is especially suited to win in AI
It’s no surprise that AI got prominent mention in Amazon CEO Andy Jassy’s lengthy annual shareholder letter.
Micron says Taiwan earthquake will have mid-single digit percentage impact on quarterly DRAM supply
The earthquake that hit Taiwan earlier this month has not caused any permanent damage to Micron’s facilities, infrastructure or tools.
‘Playing defense.’ Three stocks this adviser is counting on to ride out uncertain economic times.
Tim Chubb, chief investment officer at wealth management and advisory firm Girard, a Univest Wealth Division, flags tech and other “durable growth stories” in an uncertain economy.
U.K. regulator issues warning to fund manager Woodford five years after fund collapse
Five years after a fund’s collapse, the U.K. financial watchdog issued a warning notice to Neil Woodford and his fund management company, Woodford Investment Management.
Morgan Stanley ups China growth forecast after strong exports boost country’s GDP
Morgan Stanley said strong exports and a Beijing led investment push will see China’s economy grow faster than previously expected in 2024
‘The ship has turned.’ JPMorgan upgrades iconic U.K. retailer Marks & Spencer
Marks & Spencer, the storied U.K. retailer, saw an upgrade to overweight at JPMorgan, as the bank said it’s the retailer demonstrating the biggest positive inflection out of the pandemic.
Ad giant Publicis Groupe sees ‘clear rebound’ in sales to tech sector following 2023 slump
The French advertising giant said it saw a clear rebound in sales to tech companies following a slump that hit ad firms’ sales in 2023
Markets are wrong to think U.K. rate cuts will track the U.S., says Bank of England policymaker
Linking the trajectory of interest rate cuts in the U.K. too tightly to the U.S. is mistaken because British inflation will be stickier, according to a Bank of England monetary policymaker.
If you won a $1.3 billion Powerball jackpot, what would you do with it? Here’s what financial advisers suggest.
Someone has come forward to claim last weekend’s big prize, but what’s the best way to spend and invest it?
USDA cuts July cattle report due to budget woes, frustrating market participants
Cattle producers fret about market transparency after USDA cancels its July cattle report due to budget constraints.
‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”
Trump’s DJT stock dives toward lowest close since Ron DeSantis dropped out
Trump Media’s stock has lost about 33% since it took the former president’s initials as its ticker.
Three directors to leave Paramount board as company holds merger talks: report
The media conglomerate is in exclusive merger talks with Skydance Media, the independent production company run by David Ellison.
Gold buyers are holding on to the precious metal as prices break records — and are ready to buy more
There are signs that retail gold investors are starting to shy away from profit-taking, even as prices for the metal rise to fresh all-time highs.
NFTs see some resurgence in interest and activity after crypto rally. Here’s why.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
I couldn’t pay my $370,000 mortgage so I applied for a loan modification. Now I have a 52-year loan. Is this normal?
“I found out last year, after talking to a few people who did the modification, that it should have been only for 10 years.”
Allen Weisselberg’s perjury sentence shows how proximity to Trump can be perilous
The Trump Organization’s former finance chief joins a long list of Trump advisors and employees who have found themselves in serious legal trouble.
Rising consumer prices show inflation heading in the wrong direction. What next?
A runup in inflation in the first three months of 2024 shows signs of persisting, potentially keeping interest rates high through the summer.
Medical Properties Trust downgraded on execution risk and rent-collection challenges
Collier Securities cut rating on real-estate investment trust to neutral from buy as stock falls.
Arizona abortion ruling could hurt Trump, but latest inflation report weighs on Biden
A hotter-than-expected reading on inflation and a swing state’s moves on abortion appeared to be having an impact on the 2024 White House race on Wednesday — but they were pulling in different directions.
Macy’s to add two Arkhouse nominees to board in deal that will end proxy contest
Arkhouse Management and Brigade Capital are seeking to acquire Macy’s in a $6.6 billion deal.
Swiss government backs tougher rules for banks, causing UBS shares to drop
Switzerland’s government’s put forward plans to curb banker’s bonuses, strengthen the country’s financial regulator, and increase capital requirements for banks
KPMG failed to stop cheating on training exams, hit with $25 million in fines
The $25 million penalty is the largest the Public Company Accounting Oversight Board has ever levied — more than 3 times larger than the $8 million settlement reached with Deloitte Brazil in 2016.
This weight-loss ETF has performed well in its first five months. How does it compare with cheaper alternatives?
GLP-1 medications will likely expand beyond their current uses for diabetes or weight loss, according to money managers at Tema
Norfolk Southern’s revenue will take a Baltimore bridge hit. This is what it means for CSX.
The shockwaves from the collapse of the Francis Scott Key Bridge in Baltimore continue to reverberate through the rail industry.
Delta’s stock jumps, as accelerating business-travel demand fuels record revenue
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.
Senators Chuck Schumer, Ron Wyden and Cory Booker pushing cannabis legalization bill
Pols send out letter to colleagues to gauge support for the Cannabis Administration and Opportunity Act
This stock lost 99% of its value, and the company still hasn’t said why
One Hong Kong-listed company lost 99% of its value and still hasn’t said why.
This JPMorgan pro says the Fed has it backward — rates need to be cut to lower inflation
The Fed and investors won’t see inflation easing until the central bank starts cutting rate says this JPMorgan strategist.
Oil prices edge higher ahead of official U.S. inventory data
Oil futures edge higher as traders await official data on U.S. crude and fuel inventories.
Where home-insurance costs are rising the fastest in the U.S. — it’s not California or Florida
Homeowners across the nation are grappling with the rising cost of home insurance. But the sharpest hikes aren’t being felt in the most disaster-prone markets, according to a new report.
European Central Bank to stand pat this week but faster-than-the-Fed rate cuts may hit euro
The European Central Bank is expected on Thursday to leave interest rates at record highs but to imply that a cut in borrowing costs is likely by the summer
I invested half of my son’s inheritance with a 13.5% return. A major broker underperformed the S&P with the rest. Do I push to manage all of his assets?
“Am I letting my ego get in the way?”
FCC’s new ‘nutrition labels’ for broadband internet aim to show you exactly what you’re paying for
Americans often aren’t clear on what they’re getting from their internet service providers, and that has spurred a new requirement from the Federal Communications Commission that takes effect Wednesday.
Fitch Ratings downgrades China outlook to negative as economic concerns rise
Fitch Ratings downgrades China outlook to negative as economic concerns rise
Philips shares climb after finalizing pact with U.S. over device sales
Philips reiterated its financial outlook on Wednesday after finalizing a consent degree with the U.S. Department of Justice and Food and Drug Administration that will prevent it from selling new respiratory care devices in the U.S. but will allow for exports.
Cinemark well-positioned for box-office rebound and market-share gains, says Benchmark
Movie-theater chain Cinemark Holdings Inc.’s growth prospects are strong, according to Benchmark analyst Mike Hickey.
4 things Wall Street will watch for when the Fed releases minutes of March meeting
Here’s what investors will be watching for when the Federal Reserve releases minutes of its March policy meeting.
Memo to Jamie Dimon and other bankers: What benefits large banks doesn’t necessarily benefit Americans
Preferential treatment of banks has fostered widespread disregard for rules.
My father is leaving me and my brother $20,000 ‘hidden’ checks to find after he dies. Is this a good idea? Will we owe taxes?
An unconventional way of leaving money to loved ones could result in some unexpected complications.
Tesla’s stock removed from Baird’s bearish list with analysts bullish on robotaxis and energy
Analysts still expect a ‘messy’ first quarter and say second-quarter expectations are too high
You’re likely being wildly unrealistic about how much money stocks can make
Here’s a key lesson for Financial Literacy month: Be real and study market history.
One in three women skip mammograms when faced with job loss and other hurdles, CDC says
Many women dealing with job loss, lack of transportation and similar issues are skipping potentially lifesaving breast-cancer screenings, according to a new report from the U.S. Centers for Disease Control and Prevention.
Rising oil prices are pushing up 10-year inflation expectations and Treasury yields
Oil appears to be playing a major factor in this week’s rise of the benchmark 10-year Treasury yield to its highest levels since November, and boosting market-based inflation expectations over the long run.
Nvidia’s stock enters a correction. Here’s where the other Magnificent Seven stocks stand.
Apple is already in a correction and Tesla is in a bear market, but the other four Magnificent Seven tech stocks are near highs.
Bank of America says the copper supply crisis is here
Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures.
Congressional push to take TikTok off your phone may ‘be lost in the fog of presidential politics,’ Pence says
Senate Minority Leader Mitch McConnell and former Vice President Mike Pence are throwing their support behind a House-passed bill that could lead to a nationwide ban for TikTok, but the measure still looks likely to face a slow process in the Senate.
Some Apple Vision Pro users suffer black eyes, headaches and neck pain
Apple’s Vision Pro is creating oohs and aahs — and black eyes — among some early adopters of the heralded VR headset.
Brent oil prices edge higher as Gaza cease-fire hopes fade
Brent oil futures move higher as prospects for a Gaza cease-fire appear to fade.
Loyal fans are turning sports teams into a multibillion-dollar asset class, Deutsche Bank says
Sports teams loyal fan bases mean they retain their value in the face of wider macro economic uncertainty
The future looks ‘cautiously optimistic’ for AMC, Benchmark says
Movie-theater chain and original meme stock AMC is well positioned for the upcoming slate of blockbuster movies, analyst says
Norfolk Southern reaches agreement to settle East Palestine derailment class action
Norfolk Southern Corp. has reached an agreement in principle to settle a class action lawsuit brought after last year’s derailment of one of the company’s trains in East Palestine, Ohio.
There’s still time to fund your IRA: Investors rush to fund retirement accounts ahead of April 15
As the April 15 tax deadline approaches, more investors are making investments in their future by making last-minute contributions to individual retirement accounts.
JPMorgan is still working on ‘orderly transition’ once CEO Jamie Dimon departs
Bank’s proxy statement highlights recent promotions for potential Dimon successor
Tilray Brands stock drops as it reports wider-than-expected loss and misses on revenue
Tilray Brands Inc.’s stock fell 16% in premarket trading on Tuesday after the cannabis company reported a wider-than-expected loss in its fiscal third quarter, while revenue fell short of analyst estimates.
Here’s the unusual way to trade gold’s breakout rally, from this hedge-fund manager.
As gold punches out its umpteeth high for the year, this hedge fund manager tells investors how to get creative when it comes to profiting off the metal’s gains.
BP says high production and strong trading will offset oil and gas price slump
The British oil major said lower oil and gas prices and a drop in the value of Egypt’s currency could cost it up to $1.2 billion
HSBC to sell Argentina business in latest market exit
HSBC Holdings is selling its Argentina business for over half a billion U.S. dollars, the bank’s latest exit from markets that are no longer core to its business strategy.
Financial scammers have a new weapon to steal your money: AI
Banks are fighting back against deepfakes and voice cloning that snare unsuspecting victims.
We’re spending more on ‘bucket list’ experiences — but are they worth the money?
Problems arise when couples clash over how much to spend.
White House again weaponizes PPP loans in defense of student-debt relief
The White House on Monday turned to a familiar tactic when defending criticism of its student-loan relief plan.
Musk stands his ground on EV adoption, but admits threat of Chinese competition
The Tesla chief executive said China is a threat across the auto sector, and not just in electric vehicles.
Target Circle 360 is live. Here’s how it stacks up against Amazon Prime and Walmart+
Target is the latest big retailer that wants you to consider same-day delivery — for an added cost.
JPMorgan, Wells Fargo, Citi first-quarter profit expected to be flat as interest rates rise and loan activity lags
First quarter saw a revival in initial public offerings and M&A, but expectations for interest-rate cuts have faded
Mortgage rates stay close to 7%. When will they fall? Three economists weigh in.
Three housing economists weigh in on what needs to happen for mortgage rates to fall.
‘It’s totally silly’: From blackout doughnuts to deli sandwiches — have solar-eclipse marketing promotions gone too far?
Perhaps you don’t need to celebrate the rare cosmic event by saving a few bucks on a deli sandwich.
This quality approach to a cheap part of the stock market garners a five-star rating
Small-cap stocks are trading at the bottom of their valuation range over the past two decades.
Treasury yields aren’t acting like the Fed is done hiking interest rates
The benchmark 10-year Treasury yield is doing something it hasn’t normally done in the past, by continuing to climb long after the Federal Reserve was presumably done with lifting U.S. interest rates.
Wells Fargo raises S&P 500 year-end target to Wall Street-high of 5,535 — but expects more volatility in first half of 2024
Wells Fargo on Monday lifted its year-end target for the S&P 500 stock index to 5,535 points, from 4,625 — implying additional upside of more than 6% above Monday’s trading level.
GE Vernova’s stock gets its first upgrade after 14% pullback in trading debut
GE Vernova Inc.’s stock soared 6% Monday, after the renewable energy and power company that was spun off from General Electric Co. got an upgrade to the equivalent of buy from JPMorgan.
Numbers don’t lie: Women’s college basketball is about to overtake the men’s game in ratings and star power
Over 14 million people just watched Iowa play UConn, a record number for a women’s basketball game, and more viewers than all but one NBA Finals game last season
Fed-funds futures point to doubts over June rate cut as inflation data looms
Traders in the federal-funds-futures market are showing signs of doubt that the Federal Reserve may begin lowering interest rates in June, wavering ahead of an upcoming inflation report.
Are employers willing to hire older workers?
A series of studies suggests tempered optimism at best
Bank of America cuts European EV car sales view as government subsidies fade
BEV sales for the 28 European Union countries are expected to rise 11% this year, half of a previous forecast for 22% growth, says Bank of America.
Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon warns
Persistent inflationary pressures driven by fiscal deficits and military conflict among other factors may lead to U.S. interest rates of 8% or even more, JPMorgan Chase & Co. Chief Executive Jamie Dimon warned on Monday.
Some eclipse watchers are spending big bucks to outrun their No. 1 enemy: clouds
Mother Nature doesn’t care about the eclipse travel plans of millions of people or the loads of money they are spending to witness the moon briefly mask the sun on April 8.
Consumers expect mortgage rates to go up in the next year, but Fannie Mae expects a ‘thaw’ in the housing market
Housing sentiment dipped for the first time since November 2023, but consumers are adjusting, survey says.
Nvidia and these other chip stocks named top plays into earnings season
Ahead of last earnings season, Cantor Fitzgerald analyst C.J. Muse advised investors not to overthink things. He says the same advice applies this time around.
Oil prices pull back on easing worries over Middle East
Oil prices pull back as traders await cease-fire talks.
Digital marketing platform Ibotta launches IPO at a valuation of up to $2.7 billion
Ibotta, a digital marketing platform that allows consumer packaged goods companies to offer promotions to customers through a network of publishers, launched its initial public offering on Monday with plans to offer 5.6 million shares priced at $76 to $84 each.
‘I want a stress-free retirement’: I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”
The energy sector’s on a tear. But $100 oil is not likely, says Goldman Sachs.
Goldman Sachs does not expect a supply shock to push prices higher
Paddy Cosgrove returns as Web Summit CEO after quitting over Israel-Hamas comments
Paddy Cosgrove on Monday said he was returning to become chief executive of tech conference company Web Summit, after quitting in the wake of controversial comments made after Israel’s initial reaction to Hamas’s attack in October.
Biden wants to cancel student debt for 25 million borrowers — here’s his new plan
President Joe Biden will announce a proposal Monday that, if implemented, will cancel at least some student debt for an estimated 25 million borrowers.
For stocks, the reaction in the 10-year will be more important than CPI itself, says Mike Wilson
Inflation data is out on Wednesday — and stock-market investors should focus on the reaction in the bond market rather than parse the consumer price index itself.
As Congress returns this week, TikTok steps up its fight against a possible ban
While the U.S. Senate is preparing to get back to work Monday on Capitol Hill, it’s not expected to move fast on a House-passed bill that could lead to a nationwide ban for TikTok – and a new advertising blitz from the app aims to help give senators pause.
‘It’s easy to hide things from ourselves’: How a budget can keep you honest and focused on your goals
Personal budgeting has a reputation for being tedious and constrictive, but the right budget can help anyone meet their goals — and even have fun along the way.
European companies are finally buying back their stock, opening up opportunities
Historically, dividends have played a much more important role in Europe than in the U.S., but that’s changing.
Stock-market rally faces key test: Will hot inflation data kill rate-cut hopes?
Can the stock market rally continue if rate cuts no longer appear imminent? Investors may soon find out.
First-quarter earnings are here. So is the ‘hard part’ in the fight against higher prices.
With first-quarter earnings reports just around the corner, the biggest battles with inflation might be out of the way for businesses and their customers.
Wegovy’s heart benefits are not just linked with weight loss, new study suggests
People with obesity-related heart failure and diabetes can get substantial heart-health benefits from weight-loss drug Wegovy, even if they don’t shed many pounds on the medication, according to new research.
AI is like the late 1990s internet boom. Here’s how to avoid AI’s Pets.com and find the winners
Focus on the many layers of technology and businesses that support, use or benefit from AI.
Intel can beat AMD and Qualcomm in the race to put AI on your PC — except for this problem
The computer-chip giant needs to show that it isn’t stuck in old ways.
Mark Zuckerberg now richer than Elon Musk for first time since 2020
Mark Zuckerberg became the third richest person in the world on Friday, surpassing Elon Musk for the first time since 2020.
Gold prices are soaring and the mining stocks are just starting to catch up
Either gold shares rise from here or gold prices take a dive.
Our father died, then our stepmother passed away. Will my siblings and I owe taxes when we sell their house?
“My father remarried at the age of 65. He kept his house in the revocable trust where he had control of his assets.”
This intervention can help Tesla and other carmakers compete against China’s EV subsidies
Western governments should subsidize domestic manufacturing — not impose import tariffs.
Bought a house during the pandemic? Here’s how much more that same home would cost today.
The pandemic-era buying frenzy helped fuel the so-called lock-in effect that’s keeping some homeowners from moving. A new report measures just how bad it is.
Beyoncé name-drops housing-finance giant Fannie Mae on ‘Cowboy Carter.’ Here’s what she meant.
She may be rich and famous now, but Beyoncé is keeping close tabs on the bills, bills, bills that millions of homeowners face today with their home insurance.
This railroad operator is most impacted by the Baltimore bridge collapse
Experts are weighing the supply chain impact of the Francis Scott Key Bridge collapse in Baltimore.
Latest threat to stock-market rally? Investors suddenly fear geopolitical risks.
Concerns about a potential Iranian retaliation against Israel added to the week’s rout in stocks
The U.S. stock market has outperformed Europe’s for years. 2024 could be different.
Europe’s economic prospects are brightening.
Some good news on inflation? Fed might get it with the CPI.
A roaring labor market and high inflation readings early this year have cast doubt on the Federal Reserve cutting interest rates soon. But the March report on consumer prices might offer a ray of hope.
Something’s got to give: European regulators crack down on AI as U.S. tech companies plunge into the market
An ever-expanding assault on Big Tech by the European Union has U.S. companies scrambling to adhere to rules there while trying to not slow their dash to embrace generative artificial intelligence.
Trump to tap Wall Street moguls for fundraiser after hauling in $66 million last month
Former President Donald Trump’s 2024 campaign plans to hold a big fundraising event Saturday featuring major Wall Street figures, with billionaires from other industries also slated to attend.
Five ways to reduce your taxable income for 2024
“By shrinking your income, you’re saving money. That’s the bottom line.”
Trump’s DJT stock trades at multiples that exceed the peak of the meme-stock era
DJT’s valuation appears disconnected from its fundamentals, even when compared with other stocks that investors bid up with high expectations.
Elon Musk says Tesla will reveal a ‘robotaxi’ in August
Tesla Inc. shares regained some lost ground in the after-hours session Friday after Chief Executive Elon Musk said the EV maker would unveil its robotaxi on Aug. 8.
Boeing CEO Dave Calhoun’s pay climbed 45% last year
Dave Calhoun, the outgoing chief executive of troubled aerospace giant Boeing Co., saw his total compensation climb last year by 45%, to $32.8 million, according to a filing Friday.
United Airlines postpones investor day
United Airlines Holdings Inc. is postponing its investor day next month amid increased scrutiny following a string of recent safety incidents.
Solar Eclipse: Airbnb, United Airlines and other brands sharing $1.5 billion in ‘path of totality’ profits
An eclipse like the one on April 8 won’t happen again until 2044, so millions of Americans are paying to get a glimpse of Monday’s total solar eclipse.
Tide Pods and other Procter & Gamble detergents recalled due to faulty packaging
Gain Flings, Ace and Ariel Pods have also been recalled because bags can split open, Procter & Gamble said.
As IPO buzz swirls, Panera Bread enjoying foot traffic ‘growth spurt’, research says
Panera Bread has been seeing an increase in visitors, which bodes well for a possible IPO, says analytics company Placer.ai
These household-name companies have bonds yielding more than 5%
Bonds issued by a group of household name companies are yielding more than 5% following the recent move in Treasurys, offering handy returns for investors with the right time frame.
Inflation may not fall for months. Here’s what that means for investors.
Now that March’s shockingly strong official jobs report is in hand, traders are expecting five more months of consumer-price index reports to show no further progress being made on the annual headline rate of U.S. inflation.
‘She was angry’: I left my girlfriend behind in San Diego to buy a home in Charlotte. Now I have ‘serious’ buyer’s remorse. Do I sell and rent again?
“We have tried to maintain a long-distance relationship. But the distance is slowly eroding our relationship.”
Millions of Americans turn 65 this year. How can they save money now to live better later?
Cash flow concerns take center stage for pre-retirees.
This mistake can cost home buyers up to $6,000 a year. Here’s how to avoid it.
Many prospective homeowners are leaving money on the table, a Swiss study found.
Fed’s Logan says ‘much too soon to think about cutting rates’
Dallas Federal Reserve President Lorie Logan on Friday said she’s uncertain about the general view that U.S. inflation will keep trending down this year and allow the central bank to start to lower interest rates.
Tesla cancels plans for ‘Model 2’ low-cost EV: report
The Tesla ‘Model 2’ is scrapped, according to a report. Wall Street had hoped the $25,000 EV would revitalize the EV maker’s lineup.
‘Eye-popping’ March jobs report shows labor market and U.S. economy are still going strong
Wall Street errs on its forecasts of slower hiring and weaker economic growth. What is the Fed to do?
Why stock-market bulls aren’t rattled by hot U.S. jobs data and fading rate-cut hopes
Another round of red-hot U.S. jobs data Friday put a deeper chill on expectations the Federal Reserve will begin in June to deliver a series of interest rate cuts in the near future, but stock-market investors seem relatively okay with that.
Zimbabwe launches new currency backed by gold and foreign currencies
Zimbabwe’s central bank on Friday said its beleaguered local dollar will be replaced by new currency backed by gold, other precious metals and foreign currencies.
Leafly stock rises after NY court strikes down advertising ban for cannabis
Judge Kevin Bryant says rule violated free speech.
Here’s the biggest risk to the ‘anything but bonds’ rally that has been driving up the rest of the market
Stocks, cryptocurrencies and commodities have been driven higher by an aversion to bonds. Here’s how that might end, according to Bank of America.
Bank of America’s paper loss on its bond portfolio reaches $110 bln and outpaces other banks: report
Barron’s report says bond prices suggest drop in value in Bank of America’s Held-to-Maturity (HTM) securities in Q1.
SoFi’s stock has faced very negative sentiment, but that seems to be softening
Wall Street has been warming up a bit more to SoFi shares this week, as they just picked up their second upgrade of the past few days.
$1.46 million is retirement’s magic number? It’s a fantasy for most.
The data only skim the surface.
Oil extends rise that sent Brent crude above $90 a barrel on Mideast tensions
Oil futures are trading at their highest since October, partly due to fears of a more direct confrontation between Israel and Iran.
China’s export-led growth model is broken and Beijing may be at a loss to fix it
China needs a new economic plan that focuses on domestic services and private consumption.
Nvidia’s stall means the momentum trade has lost its mojo. Here’s what investors should do.
Energy is picking up the baton but that’s not good for the wider market.
Don’t chase the value rebound, tech still has a few surprises up its sleeve, cautions Citigroup
Value stocks have been rebounding lately, but that is unlikely to last, warns Citigroup strategists.
The bulls still have what it takes to pull stocks back up
Volatility is higher and the market is down, but support levels are holding.
Samsung predicts 10-fold increase in profits as AI boom sees chip prices recover
The Korean tech giant said it expects to see its operating profits increase 931% year-on-year following an AI driven recovery in microchip prices
Chip sector avoids a major crisis from Taiwan quake. But one lesson should be learned.
Taiwan Semiconductor Manufacturing Corp., emerged mostly unscathed after Taiwan was struck by its biggest earthquake in 25 years.
Here’s where the surge of immigrants come from and end up, according to Goldman Sachs
Goldman Sachs is out with a new analysis of where a surge in immigration to the U.S. is coming from, and where immigrants end up.
Apple to lay off more than 600, weeks after canceling electric-vehicle project
Those are the first significant job cuts for Apple since the pandemic.
Lamb Weston leads losses among S&P 500 stocks in its largest one-day drop ever on earnings miss
Lamb Weston Holdings Inc.’s stock was down by 20% on Thursday after the potato processing company blamed a slower-than-expected switch to a new enterprise resource planning system (ERP) for impacting its third-quarter results, as well as its outlook for the year.
Why Applebee’s $200 ‘date night’ pass may not be such a bargain after all
Companies can hook customers with pass programs and other deals, but caveats and conditions often apply.
Rising bond yields haven’t kept tech stocks from outperforming — and have created this buying opportunity, says BlackRock
This year’s rise in Treasury yields hasn’t keep technology stocks from outperforming, while for bond investors, higher interest rates present a buying opportunity, according to BlackRock.
This ETF is beating the S&P 500 — and it’s completely different from the index
It is easy to add an exchange-traded fund to broaden your portfolio and possibly reduce your risk.
Nearly 55,000 home sellers to receive $62 million in refunds from Opendoor
The Federal Trade Commission is sending checks to nearly 55,000 sellers who sold their homes to Opendoor after the iBuyer settled a lawsuit alleging deceptive practices.
High-stakes job report has stock market investors ‘on edge’ — here’s why
Here’s what it might take for April jobs data to sink stocks — or spark a relief rally.
Fed’s Goolsbee says hot inflation readings ‘should not knock us off path’ back to 2% target
Large increases in labor force participation and immigration should start to bring down core services inflation, the Chicago Fed president said.
These purchases are ‘100% worth’ the high price, Reddit users say. We asked the experts.
From tooth fillings to concert tickets, here’s what they said about which expenses are actually worth splurging on.
Elon Musk’s comments ‘have no relevance to the Walt Disney Company’, Iger says
The day after Walt Disney Co. vanquished an activist investor challenge to its board, an emboldened company chief executive Bob Iger dismissed the ability of the actions of Elon Musk to sway shareholders.
Cash won’t flee money-market funds if the Fed gets its soft landing
Unlike much of the past half-century, the Federal Reserve isn’t facing a crisis or drastic rate cuts.
Walmart recalls some ‘Mini Choppers’ after some started chopping on their own
Walmart is recalling more than 50,000 Mainstays Electric Mini Choppers, because of multiple reports of cuts from the blade, with some requiring stitches.
Want to work part time in retirement? These are the 5 top cities to do it.
There are financial, physical and social benefits to working in retirement, and these cities could be good places to work.
Diabetes medication appears to slow progress of Parkinson’s disease in French-backed trial
A Type 2 diabetes medication called lixisenatide appeared to slow the progression of Parkinson’s disease symptoms in a small, mid-stage trial funded by the French Ministry of Health.
Alaska Air was paid $160 million in cash by Boeing for the 737 Max 9 issues
Alaska Air said it lost more in the first quarter than it previously estimated, but only because it changed how it recorded cash received from Boeing Co., as compensation losses suffered from the groundings of 737 Max 9 jets.
Proxy adviser ISS says Goldman should separate chairman and chief executive roles in challenge to David Solomon: report
Institutional Shareholder Services is recommending shareholders vote in favor of a measure to separate the chairman and chief executive officer roles currently held by Goldman Sachs Group Inc.’s David Solomon in a challenge to the big bank’s leadership, Reuters...
Conagra’s stock jumps as sales trend, profit margins improve
Parent company of Duncan Hines and Hunt’s Ketchup products beats quarterly profit and sales expectations, amid strength in its grocery and snacks business
Veteran strategist says grab your hammer and pick — gold is headed to $3,000
Investors need an “aggressive” overweight for gold, says the president of Rosenberg Research, David Rosenberg.
Intuitive Machines’ stock surges, boosted by $30 million NASA lunar rover contract
Intuitive Machines made history earlier this year with the first commercial lander to successfully reach the moon.
I’m 67 and upgrading to a $455,000 home with a 6.2% mortgage rate. My former house had a 3.7% rate. Am I crazy?
“Our combined Social Security and pensions provide us with an income of $176,000 per year.”
‘I have been propping her up for 15 years’: My niece, 35, is horrible with money. How can I help her become financially responsible?
“I told them I would give them some financial advice for a wedding present.”
Oil prices steady after 4-day winning streak
Oil futures consolidate early Thursday, coming off a four-day winning streak fueled by geopolitical fears and supply concerns.
California’s fast-food workers are now among the highest paid in the U.S. They still don’t make nearly enough to buy a house.
The typical home buyer would need to make nearly $200,000 a year to afford to buy in California, one analysis reveals.
Bitcoin in a 60/40 portfolio doesn’t add much volatility, fund manager finds
The fund manager WisdomTree ran the numbers on adding bitcoin to a 60/40 portfolio and found that its inclusion doesn’t add too much volatility.
Gucci owner Kering buys property in Milan fashion district for $1.4 billion
Kering is buying a historic building in Milan’s fashion district for roughly 1.3 billion euros ($1.41 billion), expanding its presence in one of the world’s most iconic avenues.
This investor says Tesla’s worth $14 per share — and if it fell that far, it’d go bust
Tesla’s had a bad year. This investor expects it to get a lot, lot worse.
Google considers charging customers to use new AI powered search tools: report
The plans would see Google put search engine features behind a paywall for the first time in its 25-year history
Volvo Car sales rose 25% in March to hit monthly record
Volvo Car said Thursday that it sold a record high number of cars in a single month in March as sales rose 25% on the year.
Where home prices are falling — and which housing markets are most overvalued, according to three experts
Home prices continue to climb nationally, but some markets — particularly in the South — are slowing down.
Amazon to slash hundreds of jobs in its AWS cloud-computing business
Amazon.com Inc. is trimming hundreds of jobs from its AWS cloud-computing business in its latest round of layoffs aimed at slashing costs.
Hycroft Mining shares are higher than investor AMC’s after skyrocketing this week
Shares of Hycroft Mining Holding Corp. are now trading higher than shares of cinema chain AMC Entertainment Holdings Inc., which stunned Wall Street when it made a $29.7 million investment in the gold and silver miner in 2022.
The company he keeps: How an investor got nabbed insider trading on Trump’s ‘DJT’ stock merger
The insider trading move that nearly scotched the recent multi-billion dollar merger of Donald Trump’s media business with a blank check company, began coming unwound following an ill-conceived phone call.
Options traders see rising risk of Fed rate hike following oil rally, solid U.S. data
A combination of healthy economic data and a rally in oil is renewing the risk of what one major Wall Street bank calls a “hawkish negative surprise” by the Federal Reserve and other central banks.
AI chip company GSI Technology continues rally after launching new products
Shares of chip maker GSI Technology Inc., an increasingly popular artificial-intelligence play, were climbing 8.8% Wednesday — continuing a rally fueled by the launch of new server products this week.
Ulta Beauty’s stock is on pace for its biggest drop in four years. Executives blame this ‘soup of activity’ for slowing demand.
The slowdown had occurred “a bit earlier” and was “a bit bigger than we thought,” the company’s CEO says.
Trendy cryptos like Dogwifhat ride meme coin comeback — don’t get too excited
Meme coins are back in the spotlight. Be aware of the risks.
Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump
Fed Chair Jerome Powell was cautious about interest-rate policy in remarks on Wednesday.
AI means a ‘four-day workweek is coming’ for most, says investor Steve Cohen
AI is a ‘transformational’ technology that will create big winners and big losers, says hedge-fund titan Steve Cohen.
Costco jumps on the weight-loss bandwagon with $179-for-three-months program
Other companies now offering access to the popular new class of weight-loss drugs include WW International Inc., the company formerly known as Weight Watchers International.
This worker was demoted at age 68 and her pay was cut 30%. She’s fighting back.
A gerontologist says she’s a victim of age discrimination and has advice for other older workers.
Cathie Wood touts $2,000 Tesla price target, says ‘now is not the time to run for the hills’ as stock craters
Wood has been a bull of Tesla for a long time.
Oil prices extend gains after industry data shows fall in U.S. crude inventories
Oil futures build on gains Wednesday after ending the previous session at the highest since late October.
Costco, Lowe’s, Five Below, Dollar Tree downgraded due to ‘extreme’ valuations
Group of retailers currently appears to be “price for perfection,” even with positive economic outlook, analyst said.
‘We were getting crushed’: Millennials reclaim the title of biggest home-buying generation, but boomers still have an upper hand
In the competitive and expensive U.S. housing market, millennials are beating baby boomers on home buying, according to a new report by the National Association of Realtors.
Here’s why SoFi’s stock racked up a rare bullish call
SoFi has a relatively small bull camp among Wall Street analysts, but that gang just got a little bit bigger.
Lightspeed to cut labor costs by 10%, but will buy back up to 10% of its stock
Lightspeed Commerce ‘s stock rose Wednesday, after the Canada-based provider of point-of-sale software announced plans to cut labor costs by 10%, but also buy back 10% of its stock.
Regular financial-health checkups are as important as annual physicals
Make sure you don’t simply set and forget your financial life.
Mortgage rates stay near 7% — but some buyers are landing low-6% rates. Here’s how.
Mortgage applications fell 0.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.91%.
A crisis of young American men will cause house prices to correct by 20%, this famous analyst says
Meredith Whitney, known for her prescient calls as a bank-sector analyst, expects house prices to slide.
I’m 74, if I went back to work could I get out of my RMD?
‘I would be partially unretired’
‘At what point do you know if you’re throwing money away?’ I’m paying 1% to my financial adviser. Is this even worth it?
Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.
‘Please don’t judge me’: I’m 54, and married with 5 kids. I have $20,000 in debt and $20,000 in mutual funds. I just inherited $10,000. How do I invest it?
“There was a lot going on and I have lots of regrets, but I can’t go back and change anything.”
Paramount shares rise on report it’s considering exclusive sale talks with Skydance
Shares of Paramount Global rose in after-hours trading Tuesday following a report that the media giant may soon be one step closer to selling.
Ken Griffin’s Citadel hedge fund outstrips rivals with gains in first quarter: report
The Miami hedge fund outperformed rivals in generating positive returns across all its funds
My elderly parents are hoarders. I see them once a year. They say cleaning up their ‘junk’ will be my problem after they die. What can I do?
“They have lived in the same house in New Jersey for 50 years and they don’t throw anything away.”
U.S. oil benchmark tops $85 a barrel, hits highest level since October as Middle East tensions escalate
The benchmark U.S. oil contract ended above $85 a barrel for the first time since October on fears of escalating geopolitical tensions.
Wells Fargo, JPMorgan named top picks by Goldman Sachs for potential first-quarter upside surprise
Analysts see Wells Fargo and JPMorgan Chase potentially outshining Morgan Stanley, Citi, PNC, U.S. Bancorp and Bank of America.
VivoPower’s stock rockets four-fold after deal to sell Tembo EV subsidiary for a big gain
Shares of VivoPower International PLC took off on Tuesday, after the U.K.-based sustainable-energy company announced a deal to sell its electric-utility-vehicle subsidiary Tembo for a big profit.
Shares of GSI Technology, which sparked meme-like buzz, surge on new products
GSI Technology’s stock, which sparked a meme-like buzz last year, is skyrocketing Tuesday
Daly says there’s ‘no urgency’ for the Fed to cut U.S. interest rates
Daly stills sees ‘path’ to reduce borrowing costs in 2024
Cal-Maine detects bird flu at a Texas plant, affecting 1.6 million laying hens
In total, 3.6% of the egg producer’s overall flock as of March 2 was killed as the company follows USDA protocols for dealing with the highly pathogenic virus.
Reflation trade may put 10-year Treasury yield on path back to 4.5%-5%
After months of rangebound trading, the benchmark 10-year Treasury yield appears to be settling into a pattern similar to what was seen last October, when the rate soared to its highest level since 2007 and briefly burst through 5%.
Yellen to visit China and press Beijing to rein in flood of cheap goods
Treasury Secretary Janet Yellen is headed to China Wednesday, days after calling out the country’s ramped-up production in solar energy, electric vehicles and other goods.
Fed’s Mester says she won’t back a rate cut in May
“At this point, I think the bigger risk would be to begin reducing the funds rate too early.”
Paychex sees employment growth for clients slow more than expected
Paychex reported Tuesday fiscal third-quarter revenue that came up a bit shy of expectations, and cut its full-year growth outlook, as the human resources outsourcing company said its clients did less hiring than expected.
Amazon and Tesla are ‘conviction’ picks at Wells Fargo — but only one’s bullish
Shares of Amazon and Tesla are among Wells Fargo’s “high-conviction” picks for the second quarter, but the analysts there see those stocks heading in different directions.
Job openings stay at 8.8 million. Labor market still plenty robust.
The number of job openings in the U.S. totaled 8.8 million in February for the second month in a row, showing a labor market with plenty of residual strength.
GE Vernova debuts on NYSE, as spinoff from GE’s aerospace-only unit completes
GE Aerospace and GE Vernova begin life Tuesday as two, separate stocks as they ring the opening bell on the New York Stock Exchange.
AT&T data-breach victims: Here’s something better than credit monitoring — and it’s free
‘The reality of living in 2024 is your information is going to be stolen, so you need to act accordingly’
Hated and cheap: Why Ray Dalio says he’s not giving up on this embattled asset class.
The hedge-fund founder defends his investments in China as others start to warm up to those embattled stocks.
How much will you need to retire? America’s ‘magic number’ surges to $1.46 million
The gap between our goals and reality has never been wider
Schlumberger to spend $7.8 billion in stock to buy ChampionX
Oil services company Schlumberger Ltd. announced Tuesday an agreement to buy chemical and drilling technologies company ChampionX Corp. in an all-stock deal valued at about $7.8 billion.
UL Solutions launches IPO with plans for valuation of up to $5.8 billion
UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.
Tesla deliveries are on deck, but Wall Street gets a somber signal out of China
Tesla’s March sales of China-made EVs in the country were nearly flat from a year before.
Jon Stewart takes on AI, a topic he says Apple wouldn’t let him tackle
Jon Stewart took aim at the burgeoning technology in a segment that aired on Monday night.
Ajax suspends new CEO Alex Kroes over insider trading allegations
The Dutch football club said Kroes decision to buy 17,000 Ajax shares prior to announcement of his new position amounts to insider trading
BlackRock, Vanguard probed over U.S. bank stakes: report
A federal regulator is examining index fund giants over their massive stakes in U.S. banks, according to a published report.
UBS restarts share buybacks with program of up to $2 billion
UBS Group said it plans to repurchase up to $2 billion of its own stock, restarting share buybacks that were put on hold last year due to its acquisition of Credit Suisse.
Country Garden shares suspended from Hong Kong stock exchange
The heavily-indebted property developer halted trading of its shares pending publication of its 2023 results
This boring sector is becoming sexy again
Some of the hardest companies to get excited about are construction companies — but they’re outperforming the market.
Rubrik files for IPO as market continues to display signs of unfreezing
Investors hungry for more technology IPOs look to be getting another one soon, as cybersecurity company Rubrik just filed paperwork for a stock-market debut.
Fidelity to charge $100 servicing fee on some ETFs
Fidelity Investments is planning to charge investors a $100 servicing fee when placing buy orders on exchange-traded funds issued by nine firms.
These 10 college athletes are making over $1 million a year in NIL deals
Iowa’s Caitlin Clark has made more than $3 million from NIL deals, but she’s not the highest earner in the country.
High-flying stocks mean everything to Wall Street — but not Main Street
Microsoft, Nvidia, Apple, Amazon, Meta Platforms and Alphabet aren’t good measures of the U.S. economy’s strength.
Trump Media lost $58.2 million in 2023 and sales totaled just $4.13 million
Numbers revealed in a regulatory filing Monday stand in contrast to company’s $7.7 billion market cap.
The cost of employer-sponsored healthcare appears to have stabilized
Good news for wages and Social Security tax base, but will costs stay flat?
‘I’m guilt-ridden’: Our waitress’s behavior was so egregious that I wrote ‘NO TIP!’ on the check. Was I wrong?
“When is the service so bad that you can actually, in good conscience, refuse to tip?”
Canopy Growth wins ISS support for vote to pave way for entry into U.S. cannabis market
Institutional Shareholder Services, which makes recommendations on shareholder votes, has given a green light for April 12 ballot to create exchangeable shares.
Virginia’s Republican Gov. Youngkin and GOP policy panel both say ‘no’ to cannabis
Virginia Republican Gov. Glenn Youngkin vetoed a measure that would have established a legal recreational-cannabis market because, as he said, ”Cannabis is bad” for the state.
Nikola’s stock heads for a record win streak as EV maker sues Heavy D, founder
Nikola’s stock rallied Monday toward a record-long win streak, as investors wouldn’t be distracted by the electric vehicle maker’s dispute with those connected to its convicted founder and former chairman, Trevor Milton.
The average S&P 500 stock is as overvalued as the ‘Magnificent Seven,’ Goldman says
While this doesn’t necessarily mean the rally is nearing its end, high valuations typically lead to weaker returns over the months ahead, according to Goldman’s analysis.
Tech-heavy Nasdaq is up five straight months. History shows this happens next, Bespoke says.
The U.S. stock market has been on a tear over the past five months — and more gains may be in store for the technology-heavy Nasdaq Composite Index, if history is any guide, according to Bespoke Investment Group.
Manufacturers show sign of revival as ISM index turns positive for first time in 17 months
A barometer of business conditions at American manufacturers turned positive in March for the first time in 17 months in another sign the industrial side of the economy is on the mend.
Construction spending posts bigger-than-expected drop
Construction spending fell 0.3% in February, the Commerce Department reported Monday.
AMC CEO says domestic box office has ‘finally turned upwards’
The domestic box office has had its best March in five years, according to AMC CEO Adam Aron.
Ballard Power’s stock rallies on largest order in company history
The fuel-cell maker said it inked a deal with a European bus manufacturer to supply up to 1,000 hydrogen-fuel-cell engines — its largest supplier deal since it was founded in 1979.
Disney’s board battle heats up as two notable investors back Nelson Peltz
CalPERS and Neuberger Berman are supporting Trian director candidates ahead of Wednesday’s vote deadline.
Treasury yield curve steepens as traders react to latest inflation data
Yields on longer-duration Treasurys ticked higher on Monday while short-dated yields declined as traders reacted to an inflation report and commentary from Federal Reserve Chair Jerome Powell from Friday.
FedEx’s stock dips after parcel-delivery company says its USPS contract will expire in September
Rival UPS said it will become the primary air-cargo provider for the United States Postal Service.
Take MarketWatch’s 2024 Financial Literacy Quiz. Will you get a 100% score?
Financial literacy helps us to plan for the future, and makes the often obtuse world of investing and retirement more accessible.
The bullish case for this asset class is building, and big investors are AWOL
Our call of the day says big investors are missing out on a potentially lucrative trade right now: commodities.
Early look at key data: Strong job growth expected in March
The most critical question facing the U.S. economy this week is how many jobs were created in March.
From ‘Ripley’ to ‘The Jinx: Part 2,’ here’s what’s worth streaming in April 2024
Hulu and Netflix are still the best of the bunch in a surprisingly slow month for streaming services.
Gold hits fresh record as rate cut hopes build after data shows inflation ease
Gold continues its march higher on Monday, following data last week showing an ease a Fed favored inflation gauge.
Nippon Steel’s new president says he’s committed to U.S. Steel acquisition
The new president of Nippon Steel Corp. says he’s determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help strengthen the American steelmaker.
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs
More individual stocks pitched in to help drive the S&P 500 to record highs during the first quarter, rebutting skeptics’ concerns that the market’s gains were too narrow to endure.
San Francisco’s performing arts scene takes on our love-hate relationship with tech
Recent productions of ‘Mere Mortals’ and ‘Big Data’ reflect the unease we feel with emerging technology
I’m in the military and I’ve been relocated. Where do I file my state taxes — and where does my spouse file her taxes?
More than 400,000 service members get “permanent change of station” orders every year.
Companies will soon have to disclose how they’re managing climate-related risk. That’s good news for stock investors.
A long-overdue step toward giving investors crucial information to make informed decisions.
Bitcoin halving gives investors a full picture of crypto hope and hype
Increased market interest and speculative activity potentially leads to short-term price surges.
I inherited an inherited IRA. How can I withdraw from it, especially if I’m going to be hit with a big tax bill?
The rules surrounding inherited IRAs can be complicated.
Renting is now cheaper than owning in all of America’s 50 biggest metro areas
It’s more affordable to rent rather than buy in the top 50 metros in the U.S., according to a report by Realtor.com.
Our mom is 80 and in a downward spiral, and we don’t know how to protect her money. How do we avoid high taxes?
A trio of siblings is worried that their elderly mother will burn through her money because of healthcare costs and taxes.
Malls were a dirty word in commercial real estate. Now retail is a bright spot.
Foot traffic at top shopping centers is coming back, but “dying malls” are still a problem.
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.
Boeing had a good week cleaning house — but now comes the hard part
These 7 steps can give Boeing a path to recovery.
What could spark the next stock-market selloff? Here’s what history tells us.
The S&P 500 has marched higher by nearly 30% over the past five months, prompting even bullish market strategists to entertain, or even welcome, the prospect of a “healthy” correction.
Here’s how Wall Street analysts’ favorite stock picks performed over the past five years
The results of a performance comparison of highly rated stocks and ones selected through analytics might surprise you.
Here’s what the Trump DJT and Reddit stock deals might mean for the broad market
Also, what might push stocks lower, AI-investment alternatives and how brokerage accounts work.
Why the owner of the NBA’s Timberwolves could make $1 billion more now that his sale to A-Rod has ‘expired’
In 2021, Glen Taylor agreed to sell the Minnesota franchise for $1.5 billion. The team is now likely worth at least $2.5 billion.
‘I was devastated by her infidelity’: I’m still on the deed of my ex-wife’s house, but our divorce decree says she gets the property. Am I sitting on a golden goose?
“I harbor no ill-will towards her and I’m not looking to extort her, I just think we’re long overdue for a clean break.”
Tupperware sounds another warning for investors with more filing delays
Tupperware Brands Corp. will miss the deadline to file its 2023 annual report amid cascading delays and trouble retaining employees involved in accounting.
What do the latest inflation figures mean for the next Social Security cost-of-living adjustment?
There’s good news, and there’s bad news.
Inflation is heading higher again. Is it a ‘bump’ in the road or something more?
An uptick in inflation early this year and remarkably strong economic growth are likely to keep U.S. interest rates high, but probably not for long.
Beware Nvidia and the S&P 500 ‘index waltz,’ says this market-beating fund manager
The current stock-market mania could come for your retirement accounts.
AMD CEO Lisa Su earned nearly double what Intel CEO Pat Gelsinger did in 2023
Intel Chief Executive Pat Gelsinger got a big bump in compensation in 2023, but it still amounted to just over half what Lisa Su made as CEO of rival Advanced Micro Devices.
Eleven Republican-led states sue Biden administration to block student-debt relief plan
Eleven Republican-led states are suing the Biden administration to block its new student-loan repayment plan, SAVE, which has already resulted in more than $1 billion in debt cancellation for more than 150,000 borrowers.
Add FOMO to the list of reasons stocks can keep climbing, Natixis says
The S&P 500 is up almost 50% since October 2022.
Lowe’s customers slam retailer for ‘predatory’ 31.99% credit-card APR
“These interest charges could be astronomical on a big purchase,” says one credit-card expert of the 31.99% interest rate on the Lowe’s credit card.
Nvidia’s stock snaps a record weekly winning streak but a monthly streak still lives
Nvidia’s stock did something this week that it hasn’t done since the first week of the year. It fell.
A third of home sellers are dropping list prices in this market. They may have ‘misjudged the market,’ economist says.
Some markets have seen a big bump in newly built homes, which is affecting supply-and-demand dynamics.
Bowlero’s stock is a buy after strong boost in foot traffic in February, says Jefferies
All 10 analysts that cover Bowlero rate the stock a buy.
Easter falls really early this year. Why that could cost retailers $1.6 billion.
Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year.
Ex-FDIC Chair Sheila Bair says it’s wrong for regulators to ‘discourage’ regional bank mergers
The U.S. banking system may become more of a barbell made up of the biggest and smallest banks if more regional banks go away: Bair
Is the 3% cash-back Robinhood Gold card worth it? ‘There’s one audience this card is really good for.’
Robinhood wants to be ‘a one-stop shop’ for your financial life with its new credit Robinhood Gold credit card.
U.S. trade in goods deficit widens to highest level in ten months in February
The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department’s advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
Warren Buffett spent more than $350 million to buy these stocks in the past week
Warren Buffett now owns about 30% of Liberty SiriusXM’s outstanding shares.
The S&P 500 and Wall Street’s ‘fear gauge’ are both up in 2024. Should investors be worried?
Something unusual happened in the stock market this quarter: Both the S&P 500 and Cboe Volatility Index, better known as the Vix, rose.
The stock market roars when the VIX is tame — like now
Tranquil markets aren’t considered bullish, but this year proves otherwise.
‘I find this evil’: My stepfather, who was worth $14 million, put my mother in a facility — then they both died. He did not honor their prenup. What can I do?
“I have two biological brothers. My stepfather had four children of his own from a previous marriage that helped him with this scheme.”
Retirees are more afraid of healthcare than they are of running out of money
Even more scary than running out of money in retirement is paying for healthcare, which can be a major drain on any retiree’s nest egg.
This small-cap stock is expected to take off — if its weight-loss pill trial succeeds
Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.
France inflation dips more than expected in March
French inflation fell more than expected, closing in on the European Central Bank’s target as recent trends of easing prices continued.
Stocks can keep going up — as long as this one key indicator stays down
Low VIX readings continue to vex market bears.
The maker of Tommy Bahama says shoppers are still hesitant. It’s investing in new stores anyway.
Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.
ETF flows in first quarter reflect investor hopes for ‘soft landing’
For this week’s ETF Wrap, I caught up with State Street’s Michael Arone to talk about flows and performance this month and quarter — as well as risks to his soft-landing outlook.
‘We are blessed’: My mother, 72, gets $11,000 a month, not including income from retirement savings. Should she get long-term care insurance?
“She worked for 25-plus years as a county nurse and, as such, she has a healthcare plan and a great pension, both for life.”
These tips for investing in mutual funds and ETFs can help you go with the market’s flow
A winning fund’s strategy, a bitcoin milestone and a proven way to manage risk.
How Sam Bankman-Fried’s 25-year sentence compares to Bernie Madoff and Elizabeth Holmes’s jail time
As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.
RH shares are on pace for their best day in more than three years. Some analysts aren’t buying it.
The home-furnishings company’s fourth-quarter results didn’t “provide resolutions to the key debates” around its future performance, one analyst says.
Gas prices topping $4 a gallon this summer is possible — but not expected
Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.
Palantir’s ‘egregiously rich valuation’ draws downgrade to sell
Monness Crespi Hardt analyst cuts AI technology company’s rating to bring it ‘back to reality’
Good Friday’s PCE data brings crucial inflation reading — but markets are closed
Stock-market investors get a key piece of economic data on Good Friday, but won’t be able to trade on it.
Disney steels for April 3 shareholder showdown with activist investors
Rest assured, Walt Disney Co.’s annual shareholders meeting next week will not be the happiest place on earth.
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.
Inflation is taking a bite out of retirement savings — but there might be hope in sight
Persistent inflation has eroded Americans’ ability to prepare for their financial futures by causing them to reduce savings, take on debt and withdraw from retirement accounts.
Consumer sentiment climbs to 2½-year high as inflation eases
Americans express increasing confidence that inflation will continue to ease — and reduce the financial strain on households.
Oil prices move higher, on track for solid quarterly gains
Oil futures rose Thursday, on track for solid quarterly gains.
Jamie Dimon sells $32 million in JPMorgan Chase stock as shares vest
JPMorgan Chase & Co. Chief Executive Jamie Dimon has sold another batch of stock about a month after he raised $150 million through an earlier insider transaction.
Chicago business-activity index weakens further in March
The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”
It’s time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
Citigroup analysts are greenlighting the next round of AI stock buying, but say look beyond U.S. shores.
Jobless claims fall slightly to 210,000 and show robust labor market
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.
Tesla has had a ‘nightmare’ first quarter amid weak China demand, says this longtime bull
Wedbush’s Dan Ives trims his stock-price target to $300 from $315 after a “perfect storm” of issues.
My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?
“We are in our late 60s, in good health and we have a second home worth $900,000 that is fully paid for.”
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.
‘I have a physical disability’: My sister and I will inherit our mother’s house, but it’s miles from anywhere. Should I force her to sell?
“I’d like to have a nest egg of my own for the future as I will need to pay for private care or for a senior-living center.”
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.
Spirent turns back on Viavi in backing Keysight’s $1.46 billion takeover bid
London listed Spirent Communications called on shareholders to back Keysight Technologies’ takeover plan
RH expects furniture demand to improve, after ‘the most challenging housing market in three decades’
Shares of RH rallied after hours on Wednesday, after the luxury furniture chain said it expected demand to pick up through this year, after contending with what it said was “the most challenging housing market in three decades.”
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’
Walmart to refile paperwork on Vizio deal after ‘informal’ antitrust talks with feds
Walmart Inc. and smart-TV maker Vizio Holding Corp. said late Wednesday that they would refile paperwork related to their proposed merger.
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.
Here’s how much cord-cutters need to pay to watch MLB games — over $1,000 if you’re a Yankees fan
Opening Day is here. With more people cutting the cord and additional games only available on streaming networks, watching baseball has gotten more complicated — and expensive. Here’s how much.
Canopy Growth rally continues with 28% gain after recent talk about federal cannabis reforms
Cannabis stock Canopy Growth has been rising sharply since March 14 and has gained 140% in the past week.
Carnival provides estimate of what the Baltimore bridge collapse will cost it
Carnival Corp.’s stock dropped Wednesday after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also provided an estimate for what the collapse of the Francis Scott Key Bridge in Baltimore would cost it this year.
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.
Oil could trade near $100 this year. Here’s what could drag prices back down.
Russia’s decision to deepen its oil production cuts could lift global benchmark crude near $100 a barrel by September, but demand destruction may play a part in dampening price prospects, said analysts at J.P. Morgan.
Land’s End’s stock rallies as retailer posts stronger-than-expected sales
Shares of Land’s End surpassed the $10 mark for the first time since August 2023.
Tesla joins forces with Chinese battery maker CATL, and it’s a ‘game changer’ for this analyst
“The U.S. is an under-penetrated EV market in need of high quality, cheap battery tech. China is a highly penetrated EV market with an oversupply of batteries.”
A third of Asian Americans who live in poverty have college degrees. What’s going on?
A new Pew report on Asian-American poverty finds that education does not always create opportunities.
Is the stock market open on Good Friday?
The Treasury market closes early on Thursday, March 28
Biden’s late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines.
Oil prices pare losses as official U.S. data show rise in crude supply of more than 3 million barrels
Oil futures declined on Wednesday but pared some of their early losses after official U.S. data revealed a weekly increase in commercial crude inventories that was smaller than what was reported by an industry trade group.
GameStop’s demise could come later this decade, analyst says
GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this decade, according to analyst firm Wedbush.
Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.
Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.
Reddit IPO is telling stock investors what they should know about the market now
A growing ‘wall of worry’ that U.S. stocks are entering a period of irrational exuberance.
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury Department.
This was a hot and promising sector for 2024. That’s over for now, says this strategist.
Much chatter has been devoted to what’s needed for the U.S. stock market rally to continue this year. A big one on the to-do list? Seeing gains spreading beyond the “Magnificent Seven” tech stocks, which themselves have not been moving in tandem.
S&P issues negative outlook on five U.S. regional banks due to office space exposure
Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall looms
Merck’s stock rallies toward a record after FDA OKs arterial-hypertension drug
Merck’s stock rallied into record territory Wednesday, after the drug giant’s treatment for pulmonary arterial hypertension, Winrevair, was approved by the U.S. Food and Drug Administration.
Boeing is paralyzed, and this failing by its executives and directors is to blame
The problem isn’t a lack of controls, visibility or knowledge. It’s the lack of innovative thinking.
Amazon and other tech giants can’t afford to lose power — so they’re making it
Traditional utilities are no match for upstart rivals seeking fast growth.
Should we pay cash for a $900,000 dream retirement home or take out a 6.5% mortgage?
When borrowing costs are high, cash deals can be enticing — but they can also eat up a nest egg.
Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.
DS Smith shares surge as International Paper’s takeover offer threatens to spark bidding war
International Paper has offered to buy DS Smith for £5.72 billion after Mondi submitted a bid to buy the firm for £5.12 billion earlier in March
Peacock, Amazon get exclusive streaming rights to two high-profile NFL games
Peacock to stream Week 1 game from Brazil, while Prime Video gets a wild-card playoff game.
What’s behind Tesla’s stock rally? A short test drive.
A new sales directive is boosting Tesla’s stock on Tuesday.
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.
Shockwave Medical shares rise on report of acquisition talks with Johnson & Johnson
Shares of medical-device maker Shockwave Medical Inc. rose Tuesday following a report that Johnson & Johnson was in talks to acquire the company.
Oil prices remain steady as investors weigh supply outlook
Oil futures were little changed on Tuesday, consolidating after bumping higher in the previous session on worries over the global supply outlook.
Should parents ‘charge’ a 6-year-old for rent and groceries? Here’s what financial therapists think about this TikTok money lesson.
“Starting them at that age is great,” one financial adviser says of a viral TikTok video about a mom who makes her young children “pay” for rent, groceries and utilities.
Apple’s big AI news is coming — and Wall Street likely just got a date for it
WWDC kicks off June 10 and is expected to feature an AI announcement.
NC State’s DJ Burns doesn’t just rely on NIL deals. He owns vending machines too.
Burns, about to play in March Madness’ Sweet Sixteen, says, ‘I’m gonna be honest, I can’t eat what’s in my vending machines’
Will hackers get my $3 million retirement savings if I keep it all at one investment firm?
Many people think spreading their accounts around to different institutions will keep their money safe, but that might be more trouble than it’s worth.
Economist Claudia Sahm created one of the most accurate recession predictors. Here’s why she’s getting worried.
Sahm has been calling on the Fed to cut interest rates since December.
‘She cleaned him out’: My dying father, who had stage 4 cancer, moved in with his girlfriend. She sold his house and pocketed the money.
“She flipped the title on his car, sold all his furniture and told us that our dad didn’t leave me or my sister anything.”
Trump’s campaign is bleeding cash. Here’s why he could win anyway.
Trump has some unique political strengths, experts tell MarketWatch. But it’s not clear if it can overcome his dollar deficit.
CPI inflation will almost surely be above 3% well into midyear, Garda’s Magnusson says
The first two months of 2024, which brought more signs of surprisingly persistent U.S. inflation, have paved the way for the annual headline rate of consumer-price gains to remain above 3% well into June or July.
Early reviews of the IRS Direct File free tax-prep tool are in. Here’s what taxpayers say so far.
‘It was the fastest I’ve ever done my taxes,’ says one user. An estimated 19 million people could be eligible to use Direct File, the IRS says.
The deadline to receive 2020 stimulus-check money is fast approaching. Here’s how to finally get yours.
Three years after the Internal Revenue Service began sending out stimulus checks amid the pandemic, the IRS is reminding taxpayers that there’s one more chance to claim any missed-out money and other overlooked refunds from 2020. But the deadline is coming up fast —...
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.
BlackRock’s Larry Fink calls for urgent national action on retirement crisis
The retirement crisis facing America is so “big and urgent” that government and corporate leaders need to stop business as usual and tackle the problem so that future generations will be able to grow older with dignity, according to the chair and chief executive of...
Trump’s stake in Truth Social swells by $2 billion in less than 24 hours
Trump Media & Technology Group’s stock soared Tuesday on their debut under the new DJT ticker symbol, providing a windfall for the former president.
Home prices reach new high in January, Case-Shiller says
Case-Shiller 20-city home price index up 6.2% year-on-year in January.
Micron’s stock heads for best month in 13 years as bulls see more AI gains ahead
Micron has cemented itself in Wall Street’s eyes as a financial beneficiary of artificial intelligence, and investors are excited about what’s to come.
Microsoft is already bigger than Apple, but its ‘iPhone moment’ could be coming
Wedbush is excited about the potential for AI to give a big boost to Microsoft’s cloud business.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
Krispy Kreme’s stock rockets toward a record gain after McDonald’s announces it will sell the doughnuts at all U.S. restaurants
Krispy Kreme’s stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant’s U.S. restaurants.
Here’s how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
Is it now time for 55% stocks, 40% bonds and 5% bitcoin in a portfolio?
Donald Trump joins list of world’s biggest billionaires, boosted by Truth Social stake: report
Former President Donald Trump has joined the ranks of the biggest billionaires in the world, thanks largely to his stake in a social-media company that just completed a merger with a blank check company.
Boeing’s CEO is departing, but the company’s problems run far deeper
Troubled aviation giant needs to restore its engineering and safety reputation.
Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago
If you want to get a fascinating insight into the crisis that has enveloped Boeing, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder.
‘He demonizes me’: My delightful father, 95, has substantial assets. I’m afraid my right-wing brother will steal his money. What can I do?
“My brother is named executor, and he also has the sign-in passwords to all our father’s investment accounts.”
Adam Neumann reportedly bids to buy back WeWork for more than $500 million
WeWork Inc.’s co-founder and former chief executive Adam Neumann has submitted a bid to buy the bankrupt company for more than $500 million, the Wall Street Journal reported late Monday.
India must avoid the mistakes of China and Big Tech to keep attracting investors
Recognizing its financial and political clout and adapting accordingly is the key to India’s continued growth.
Caitlin Clark and March Madness: TV networks hope she keeps winning, but sportsbooks hope she loses ASAP
Over 27% of all money wagered on the women’s NCAA Tournament winner was bet on Iowa, according to BetMGM.
Trump scores two financial victories with appeals-bond ruling and Wall Street stock listing
A bond decision lifts immediate financial pressure off the former president while a Nasdaq listing windfall moves closer to fruition — but trouble still looms as a first criminal-trial date is set.
EU opens probes of Big Tech under new law
EU opens probes of Big Tech under new law
EV maker Lucid Group rallies on heavy volume after $1 billion investment by majority stockholder
Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.
U.S. stock-market rally could hit the skids if companies miss this mark, strategist warns
The record-setting rally in U.S. stocks could run into trouble if companies report disappointing profits, according to a top equity-market strategist at Morgan Stanley.
DWAC’s stock soars ahead of switch to ‘DJT’ ticker
Digital World Acquisition Corp. powered higher Monday, after the merger with former President Donald Trump’s social-media company officially closed.
U.S. charges Chinese cyber company with hacking U.S. infrastructure as part of an attack on China’s critics
The DOJ said that more than 10,000 individuals and organizations were targeted in total, including “government officials around the world who expressed criticism of the PRC government.”
Masimo’s stock gains on report of activist campaign, disclosure of spinoff plan
Masimo Corp.’s stock was up by nearly 5% on Monday after Politan Capital Management said it plans to nominate two more members to the patient-monitoring-technology company’s board.
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.
California homeowners face an insurance crisis. What will it mean for home prices in the state?
Californians face yet another setback on the housing front as a major insurer pulls out of 72,000 home-insurance policies, citing costs.
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.
Vista Outdoor’s stock rises on boosted $3 billion acquisition offer
MNC ups its take-private price to $37.50 a share from $35 a share.
Sales of new homes inched down in February
New home sales at 662,000 annual rate in February versus 664,000 in the prior month.
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.
Boeing CEO Dave Calhoun to step down, and the stock surges
Steve Mollenkopf elected to become board chair, and will lead efforts to select next CEO.
Super Micro’s stock stands out by these metrics, JPMorgan says in bullish call
Another analyst has joined the bull camp on shares of Super Micro, which have experienced a nearly 800% surge over the past 12 months.
Here’s one good reason to be glad that Tax Day is coming
Over the past 70 years, the first two weeks of April have boosted U.S. stocks.
Buy gold or gold miners? You don’t have to dig deep to hit paydirt.
Why gold-mining stocks look set to outperform physical gold.
Big tech companies could drive the S&P 500 to 6,000 this year or crash it to 4,500, says Goldman Sachs.
Goldman Sachs lays out a scenario for the S&P 500 to hit 6,000 by the end of the year thanks to Big Tech.
Oil prices buoyed by geopolitical tensions
Oil futures rose early Monday, lifted as investors monitored geopolitical tensions in the Middle East and kept an eye on developments in the Russia-Ukraine war.
China reportedly seeks to block Intel, AMD, and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese tech
Going where the growth is means going to Europe
Earnings growth is where Europe has turned a corner without investors in the U.S. realizing it.
The Fed’s less concerned about inflation so buy energy stocks, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.
U.S. stocks shot up nearly 30% in 5 months. Is it time to worry about a correction?
Investors betting on a ‘perfect’ landing will focus on PCE inflation data in the week ahead
‘I’m spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?
‘When I married my husband, he sold his house, which was valued at about $100,000 more than mine, but he had no equity in it.’
This vaccine may help protect against dementia — and it’s already available
Data show a correlation between use of a common vaccine and lower risk of getting dementia, a drug company executive said
I’m 60 with $6,100-a-month in Social Security disability and a pension. I want my money to work for 20 years — what do you recommend?
“I live in a small town home. I refinanced my $185,000 mortgage a few years ago at 3.1% interest.”
Online shoppers are feeling frustrated. Blame it on the ‘Amazon effect’?
A new survey says consumers find e-commerce sites often fail to meet expectations. Experts say that’s because shoppers have become accustomed to how Amazon gets things done to their liking.
U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion
Retroactive removal of deduction limits is a giveaway to corporations.
Aging-in-place may be a luxury you can’t afford
Cost of in-home care soars by double digits in just a few years
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.
Big Tech just lost a round in its fight to profit from our private data
The Biden administration is taking steps to protect Americans’ sensitive personal information and government-related data.
Fund managers who let politics direct their portfolios shouldn’t get your money
Politically diverse fund-management teams perform better.
If you’re joining a Mega Millions lottery pool and hoping to share in the $1.1 billion jackpot, here’s how to avoid legal issues
The goal is to spell out everything in advance just in case you hit the jackpot, attorneys say.
After a dementia diagnosis, these 3 questions can help ease money worries
Ways to figure out whether your savings will cover your care.
Why the ‘Magnificent Seven’ and other momentum stocks may be hitting a wall
Riding a wave is exciting as long as it lasts — but watch out when it crashes.
Videogame voice actors poised to strike as they battle AI for their jobs
Videogame makers like Epic and Electronic Arts are facing a strike threat over AI-generated voices.
Here’s the reality about the mutual funds and ETFs that beat the stock market in 2023
One good year doesn’t make a trend.
S&P 500 isn’t letting anything get in its way as momentum and fundamentals stay strong
Volatility is low and market signals are still flashing green.
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.
Nvidia shows it’s still on track for AI dominance
The chip giant is poised to sell more recurring-revenue products, rather than just one-and-done hardware sales.