Stocks
Elon Musk’s SpaceX launches fourth Starship flight test
SpaceX launched the fourth flight test of its Starship Thursday, marking another milestone for the private space company’s giant spacecraft and rocket.
Canopy Growth shares fall after company proposes $250 million stock sale
Proceeds from this expected stock sale will be used for working capital and general corporate purposes, as well as for acquisitions and to pay down debt.
Affirm introduces new buy-now-pay-later options to capture more daily spending
New options allow consumers to have more flexibility in their payback.
Big Lots’ stock slides 19% after retailer posts bigger-than-expected loss
Consumers are still under pressure from inflation and higher prices — and are avoiding big-ticket items, says Big Lots.
Too soon for small caps? This money manager is picking up bargains.
This wealth manager says investors are overlooking bargains in small-cap stocks. A dating app, a trading platform and a biopharma are among his picks.
ASML overtakes LVMH on AI boom to become Europe’s second most valuable firm
ASML Holding saw its share price surge on excitement surrounding Nvidia and news it is on course to deliver its latest machines to Samsung and TSMC
‘He married a manipulative, unlikeable woman’: My father-in-law, 85, named his wife as sole beneficiary to his $230,000 annuities. Can we undo this?
“This woman has isolated my father-in-law and we must go through her to communicate with him via speaker phone.”
Mortgage rates can vary significantly by state. Here’s why — and which states have the lowest rates.
As with everything in real estate, where you live also has an impact on what kind of mortgage rate you can get.
‘Late Show With David Letterman’ band leader Paul Shaffer just sold this beautiful Westchester County home for $2.3 million
The spot is ideal for someone who wants a high-end home with a country feel that’s still a hop, skip, and a jump away from the Big Apple.
Microsoft’s $650 million deal with Inflection AI is facing FTC probe: report
The U.S. competition watchdog is investigating whether Microsoft’s deal was structured in a way to avoid scrutiny from the FTC
Squishmallows are creating a tougher bar to clear for Five Below
Shares of Five Below Inc. slid after hours on Wednesday after the teen-centric discount retailer cut its full-year sales forecast,
Amazon’s Zoox to expand testing of its self-driving cars to Austin and Miami
Zoox, the self-driving-vehicle unit of Amazon.com Inc., will soon expand street testing to Austin, Texas, and Miami, Fla.
Corporate restructurings on rise because ‘nobody is coming to save you’, says Ken Moelis
An extended cycle of corporate restructurings is ahead as companies feel the heat from higher interest rates, says investment banker Ken Moelis.
Barry Sternlicht says investors shouldn’t think of his Starwood REIT property fund ‘as an ATM’
Barry Sternlicht, chairman and CEO of Starwood Capital Group, defended the decision to cap how much investors can withdraw from his $10 billion property fund.
Amazon union in New York adds Teamsters affiliation before ratification vote
The International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation to take place in “the coming weeks.”
Crypto-AI startups are getting the most funding now — and that could be a problem
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.
Resist the urge to ‘treat yourself’ — and reset your financial habits for life
The earlier you start to save, the more likely you can achieve your goals.
Apple looks to clinch $3 trillion market cap again, while Nvidia is on its tail
Apple is on the brink of crossing back into $3 trillion market-capitalization territory for the first time since January.
Plummeting oil, diesel, and copper prices signal economic stress. Here’s why.
Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U.S. economy that has been “struggling.”
Feeling great about your 401(k)? Don’t be overconfident — a significant downturn could crush your retirement.
Nearing retirement? How to harvest gains from your investments.
3 things to know before shopping the summer discounts at Target, Walmart, Amazon and more
Five retailers — Target, Walmart, Amazon, Aldi and Walgreens — have slashed prices. But only one says the discounts are permanent.
Vast majority of Republican voters favor ‘painful’ tax hikes as part of deficit deal, poll finds
Americans across the political spectrum see the U.S. budget deficit as an urgent challenge that should be addressed with a combination of tax increases and spending cuts.
Boeing’s Starliner launches on historic first crewed flight
Boeing Co.’s Starliner spacecraft has launched on its historic first crewed flight, carrying two NASA astronauts to the International Space Station.
A few stocks are driving most market gains. Here’s why investors shouldn’t worry too much.
A handful of Big Tech stocks are once again dominating the stock market. But that’s not necessarily a bad thing.
U.S. services sector bounces back in May, ISM says
The Institute for Supply Management said on Wednesday that its service-sector PMI rebounded to 53.8% in May from 49.4% in the prior month.
‘I’m divorcing after a lot of heartache’: Should I suggest my husband keep his $200,000 401(k), so I can take our $360,000 house?
“My early career 401(k)s were used as house down payments.”
Is my annuity a scam? They won’t give me the information I ask for when I call.
A reader is confused about the terms of the financial contract her late husband set up.
McDonald’s loses ‘Big Mac’ trademark in European Union
Europe’s top court ruled in favor of Supermac’s in revoking McDonald’s exclusive rights to use the Big Mac trademark to sell chicken sandwiches
Who is Anat Ashkenazi, the Eli Lilly veteran becoming Google’s next CFO?
As Alphabet looks to fill a vacancy in its senior ranks, it’s turning to a longtime Eli Lilly veteran who helped build the healthcare company into a juggernaut.
These popular stock-market trades are unwinding as Fed bets shift. Here’s what happens next.
Higher 10-year yields have been hitting some hot AI plays, but benefiting other beaten-down stocks. Here’s the next move for investors.
‘What am I saving for?’ Even if you’re child-free with plenty of money, you’ll still have money worries.
If you don’t have kids (and don’t plan on having kids), the trajectory of your financial life changes.
Emerging-market stocks’ latest bout of weakness likely won’t last, but that doesn’t mean they will outperform the U.S.
Emerging-market stocks have stumbled since hitting their strongest level in more than two years last month.
SAP to acquire WalkMe in all-cash deal valued at about $1.5 billion
German enterprise software company SAP SE said Wednesday it has agreed to acquire WalkMe Ltd. in an all-cash deal valued at about $1.5 billion.
The road trip is back as more Americans search for savings on summer travel. Here’s how to pull off a great road trip.
Some 66% of American travelers are planning to take a road trip this summer, up from 56% last year. Most say they’re hitting the road to save money.
The No. 1 issue for young Americans this election? Not student loans, abortion or guns — it’s housing.
Americans across demographics shared the issues they care about the most in a Redfin survey.
Zara-owner Inditex beats expectations in face of mounting competition from Shein
The fast fashion company increased its sales and profits as it outlined plans to further grow its sales in the face of mounting competition from Sino-Singaporean retailer Shein
New York Jets QB Tyrod Taylor lists his $5 million Georgia mansion—you won’t believe the shoe closet
The seven-bedroom, 10-bath, Atlanta-area estate sits on a 2-acre lot and shows off the athlete’s impressive sneaker collection
Elon Musk confirms reallocating thousands of Nvidia AI chips from Tesla
Tesla Inc. Chief Executive Elon Musk confirmed Tuesday that he diverted thousands of Nvidia Corp. chips from the EV maker.
Equities in Dallas could have new meaning as BlackRock, Citadel back upstart Texas Stock Exchange
BlackRock and Citadel Securities are backing an upstart stock exchange to be called the Texas Stock Exchange that will be based in Dallas
Oil ends lower as OPEC+ output cut phaseout feeds prospects for a supply surplus
Oil futures tallied a fifth straight session loss on Tuesday as OPEC+’s decision over the weekend to begin unwinding some production cuts later this year fed concerns about the prospects for a supply surplus.
Biden’s new border move aims to win over voters — but there’s reason for skepticism
The Biden administration on Tuesday rolled out new executive actions that aim to deny asylum to migrants who illegally enter the U.S. at the southern border — and analysts are already expressing doubts about the move.
Massachusetts securities regulator ‘looking into’ Roaring Kitty’s activities
Influential trader Keith Gill, also known as Roaring Kitty, recently sparked meme-stock rallies that sent shares of GameStop Corp. and AMC Entertainment Holdings Inc. skyrocketing. But his trading activities have also caught the attention of the commonwealth of...
Why oil’s recent drop is not a recession signal — and good news for stocks
The recent decline in oil prices is not a sign that the U.S. economy is heading for a recession — with the downward trend instead considered positive for stocks, according to DataTrek Research.
Bond yields are falling. This time, it’s not being treated as good news.
“We are back at a point where the Fed might need to help the economy,” one trader says.
These stock-market risks could rattle summer trade the most
Friday’s jobs report is one of three looming economic and policy updates that could upend a summer calm in the stock market, says UBS.
This Trump-linked company’s stock-sale plan is more than double its market value
Phunware’s stock tumbled Tuesday toward the lowest price seen since January, after the mobile-advertising software company announced a relatively large stock-sale program.
With MDMA on the brink of FDA approval, psychedelic medicine faces a critical moment
A panel of independent advisers to the Food and Drug Administration is meeting Wednesday to discuss the agency’s potential approval of MDMA-assisted therapy for post-traumatic stress disorder, marking a pivotal moment for the booming field of psychedelic medicine.
‘Please, please stop filming us’: Chipotle employees rail against being filmed and say it won’t get you bigger portions
“There have been no changes in our portion sizes,” Chipotle’s chief corporate affairs officer said.
Women are America’s safety net. Holding society together is wearing them down.
Policy makers and business leaders have shifted financial risks onto American families, and women in particular, according to sociologist Jessica Calarco.
Job openings in U.S. fall to three-year low as labor market cools
The number of job openings in the U.S. sank to a more than three-year low of 8.1 million in April, another sign the labor market is cooling off as the economy slows.
Why does an entry-level job now require three years of experience? Here’s how that hurts workers and companies alike.
“We’re not helping people learn how to get proficient in their jobs,” one Wharton professor says. That could hurt young college grads.
Standard Chartered processed payments for terror groups and Iran, lawsuit says
The British bank processed billions worth of payments on behalf of sanctioned entities including Al-Qaeda and Hamas, a lawsuit says
I’m 51, make $80,000 a year and just inherited $170,000. I want to beef up my retirement savings — but how?
“I own a home with my husband with about $150,000 and 23 years left on our mortgage.”
Why the NYSE and Nasdaq have become full-fledged party planners
Sure, they’re about buying and selling stocks, but they’re also about serving up the breakfast bacon — or hosting a pickleball match.
Latest GameStop stock rally fueled by ‘baseless speculation,’ brokerage CEO says
In meme-stock rallies such as GameStop’s latest surge, “baseless speculation is misunderstood as strategy,” says Dan Raju, CEO of cloud-based financial-services provider Tradier.
Intel’s stock has struggled this year. Now the company is upping its AI game.
Intel made a series of AI announcements in a bid to capture more spending in red-hot market.
Warren Buffett’s Nebraska grabs top spot in new ranking of state finances
Nebraska, an energy-producing state with a relatively low debt burden, jumped seven spots to the top the Conning’s 2024 ranking of all 50 U.S. states from a credit perspective.
Get ready for stocks to hit a wall this summer, says JPMorgan
The stock market could see upside peak this summer as investors fail to read signs of a slowdown and keep piling into stock markets, says JPMorgan strategist Marko Kolanovic.
Biden administration needs a winning EV strategy or Chinese carmakers will take American jobs
U.S. auto manufacturers could require indefinite subsidies that would strain the federal budget.
Does temporary disability insurance help or hurt the Social Security disability program?
It reduces Social Security applications and new beneficiaries
‘My husband does all our finances’: We have $200,000 in a high-yield savings account at 3.75%. Are we beating inflation?
“We rely solely on his income to support our family and we have eight kids, so I have aimed high for our emergency fund.”
Why U.S. oil production isn’t a huge threat to OPEC+ market share anymore
Assuming domestic oil production has reached its limit for now, the U.S. could pose less of a threat to OPEC+ market share moving forward. Instead, it is the potential for weaker-than-expected global energy demand that could end up being the cartel’s bigger enemy.
Take a peek at Judge Judy’s luxurious Manhattan penthouse, listed at $9.5 million
The thoughtfully restored penthouse has a wraparound terrace with views of the city.
BP shares under pressure after S&P Global downgrade over share buyback plans
S&P Global said BP’s plans to use 80% of all surplus cash to buy back shares from shareholders will see it struggle to reduce its debts
Auto sales climb for 4th straight month, but high interest rates discourage buyers
Sales of new cars and trucks in the U.S. rose in May for the fourth month in a row, to their highest level of the year, signaling that the economy is still expanding. Yet high interest rates continue to hold back buyers.
Indian stocks crushed as ruling BJP may fall short of majority
Indian stocks were crushed on Tuesday after election tabulation showed Prime Minister Narendra Modi’s Bharatiya Janata Party may fall short of a majority.
Your taxes will likely have to go up, despite Biden’s $400K pledge
President Biden has pledged to not raise taxes on Americans making less than $400,000 per year, a group that makes up about 98% of the U.S. population. But experts say that maintaining this pledge will require Biden to abandon his plans for new spending.
Oil prices at a four-month low as OPEC+ plans to phase out voluntary cuts later this year
Oil futures fell sharply on Monday to mark their lowest settlement since February, following a decision by OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year.
Anthony Fauci addresses COVID-19 controversies on Capitol Hill
Top infectious-disease expert Anthony Fauci on Monday addressed some of the COVID-19 pandemic’s most heated controversies at a hearing on Capitol Hill.
Bitcoin’s bright future: Viable currency and an inflation hedge like gold
Bitcoin has the potential to become a stable, long-term asset.
Should investors expect more record highs?
The monthly contrarian update of market-timer sentiment
Tried to buy the dip after the Berkshire Hathaway glitch? Be ready for some bad news.
Many investors apparently tried to pounce on the opportunity to buy Berkshire Hathaway’s Class A shares at a discount of more than 99% on Monday.
Berkshire Hathaway resumes trade after NYSE glitch showed shares down 99.97%
The New York Stock Exchange on Monday morning said it resolved a technical problem that resulted in the halt of trading in stocks of several high-profile companies, including Class A shares of Warren Buffett’s Berkshire Hathaway Inc.
Some relief for home buyers: Listings have increased in 90% of major housing markets
Home listings have ticked up across the U.S., providing the real-estate sector with much-needed supply, according to a report from ICE.
India ETF jumps as stock-market investors await country’s election results
Shares of an exchange-traded fund focused on stocks in India were climbing sharply Monday, as investors await results of the country’s general election.
Want to volunteer? Put your skills and passion to work raising puppies, helping the homeless or fixing broken items.
Here are ways to give back that may surprise you.
Roaring Kitty’s GameStop position worth over $386 million as of Monday morning
After three years of Reddit silence, the investor known as Roaring Kitty revealed on Sunday evening that he was holding a massive GameStop position. As of market open on Monday, that position would be worth over $386 million.
Here’s what could slow Nvidia’s momentum
Nvidia needs to grow by 70% a year to support its stock price.
Construction spending falls for second month in a row
Construction spending fell 0.1% in April, the Commerce Department reported Monday.
Hedge funds should stop charging fees for ‘skill-less’ returns, top investors say
Hedge funds are collecting ‘significant’ fees on returns that would be ‘easily obtainable’ for free in the current higher interest rate environment
Are European stocks doomed to underperform?
European stocks could rally over the next few years when the current “U.S. equity mania” ends, analysts say.
Best Buy gets double-upgrade at Citi on expectations of sales growth
Analysts at Citi gave electronics retailer Best Buy a rare double-upgrade on Monday, boosting their assessment in anticipation that same-store sales will start rising.
Shares of Faraday Future, SunPower, MicroCloud Hologram and other memes surge, lifted by another meme-stock revival
The latest post from influential trader Keith Gill has lifted shares of original meme stocks GameStop and AMC, as well as other heavily shorted names.
Bill Ackman’s Pershing Square sells 10% stake for $1.05 billion to investors
The hedge fund has struck a deal to sell a 10% stake in itself to an consortium of investors following reports it is preparing for a public float
These alternative ETFs are costly options for your money — in more ways than one
Above-average management fees and overvalued investments are a toxic mix.
Tesla recalls more than 125,000 EVs, will issue an over-the-air software update
Tesla issued a voluntary recall of more than 125,000 of its electric vehicles because a warning light and chime that may not activate when a seat belt isn’t being used.
‘He’s an egomaniac’: My husband said he’ll flush his $1.5 million IRA ‘down the toilet’ rather than split it with me in our divorce. What can I do?
“He has promised to put me through hell.”
The S&P 500 can hit 6,500 next year if these two factors work together
IF AI works with Treasurys then the bull market can pick up steam in the next year and a half
Roaring Kitty post appears to show a big stake in GameStop. The stock surges again.
Meme-stock influencer posts screenshot apparently showing a $116 million stake, plus a bunch of call options.
Raspberry Pi prices London IPO with up to $688 million valuation
Raspberry Pi, the U.K. maker of low-cost computers, is expected to be worth up to 540 million pounds ($688 million) when it floats on the London Stock Exchange next week.
‘A piece of Hollywood history’: Pee-wee Herman actor Paul Reubens’ home for sale for $5 million
The midcentury home of the actor, famous for his TV show “Pee-wee’s Playhouse,” is for sale for the first time in almost 40 years.
Indian stocks rally to a record as exit polls show Modi and BJP party headed to third term
Stocks hit a record in India as exit polls show a general election win for Prime Minister Narendra Modi’s Bharatiya Janata Party.
GSK shares tumble by most in two years after Zantac ruling
GSK shares dropped by the most in nearly two years after a ruling by the Delaware State Court that will allow jury trials in cases brought by cancer sufferers who say the heartburn drug Zantac caused their condition.
OPEC+ agrees to extend oil-production cuts in effort to boost prices
The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to extend deep production cuts in an effort to buoy oil prices.
Stocks are up but investors seem ‘fragile.’ Is the bull market in early stages?
The U.S. stock market is turning a corner into a new month, with bullish investors looking to overcome lingering anxieties over inflation and higher interest rates.
First crewed launch of Boeing’s Starliner spacecraft scrubbed as another delay hits historic mission
The launch of Boeing Co.’s Starliner was scrubbed just minutes before what would have been the first crewed flight of the spacecraft Saturday, marking the latest in a series of delays for the historic mission.
Trump guilty verdict: 5 things to know about the trial and what comes next
Criminal-law professor: Conviction could impact Trump’s other criminal and civil cases.
The world’s largest pension fund may be running dry
A population equaling that of the entire U.S. will retire from China’s workforce by 2035, and the country isn’t reproducing sufficiently to mend its fraying social safety net.
The 4% rule is ‘blind to the new reality’ of retirement life — do this instead
Retirees need more freedom to spend earlier in retirement, researchers say
At 40, he thought it was ‘too late’ to attend law school. Now, this father of four is a Yale grad.
“I don’t think many of us are as stuck as we think we are,” Teddy Ray told MarketWatch. Here’s his advice for a midlife career change.
How to write a résumé when you’re retired and looking for work again
Writing a retirement résumé? Drop the AOL email and 5 pages of experience, and follow these tips to get hired while retired.
$6 for a hot dog? That’s how much Americans now expect to pay.
The summertime classic has climbed in price by 7.1% during the past year, according to the latest government figures.
You can retire safely — even if you don’t have tons of money
How to meet your needs and preserve your peace of mind
A $114,000 salary makes you feel poorer than your parents. These 6 metrics show why.
The GDP of the United States grew by 2.5% last year, the unemployment rate stands at an incredibly low 3.8% and the stock market has rallied to new highs. Yet Americans are frustrated financially and exasperated with the economy.
2024 is being called ‘the year of the dividend.’ These 5 stocks keep on giving.
Declining U.S. interest rates will boost yield-paying shares.
‘It’s better for humans in general’: The four-day workweek is closer than you think
Software companies, big conglomerates and even police departments are experimenting with a concept that no longer feels like a far-fetched fantasy.
How Trump will be able to use his guilty verdict to his advantage
Fueling a tale of grievance, persecution and a system ‘rigged’ against him.
Boeing’s Starliner spacecraft set for historic first crewed launch after a series of delays
Boeing’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Saturday after a series of delays for the historic mission.
The stock market is defying ‘sell in May and go away’. Why the U.S. presidential election could aid summer rally.
Presidential election years are more favorable to summer stock-market rallies, researcher notes, as S&P 500 defies ‘sell in May’ adage.
What’s worth streaming in June 2024: ‘House of the Dragon,’ ‘The Bear’ and much more
‘Bridgerton,’ ‘The Boys,’ ‘Hit Man’ and ‘The Acolyte’ co-headline a blockbuster month. Here’s how to spend your streaming money wisely.
Live Nation confirms Ticketmaster was hacked with user data at ‘dark web’ risk
Impact not material business operations, Live Nation said.
S&P 500 is looking for direction. Here are the signs traders shouldn’t miss
Stocks are set to break out of a trading range — one way or another.
Target’s plan to scale back Pride Month merchandise puts it in ‘a no-win situation,’ retail expert says
Target said its 2024 Pride collection will be available on its website “and in select stores, based on historical sales performance.”
Can a felon get a commercial real-estate loan?
Donald Trump’s real-estate business has been dealt another blow by another guilty verdict in New York
Faraday Future’s stock slips as ‘classic’ meme stock ends roller-coaster month
Faraday Future shares made eye-popping gains during the recent meme-stock rally
Losing a pet is heartbreaking. These emotional-support humans can help.
Pet doulas represent a small but growing niche in death care for animals.
Why stock-market gains seen after April’s PCE inflation report faded so fast
Investors were trying to balance everything from typical month-end squaring of stock positions to Salesforce Inc.’s revenue guidance on Thursday, Friday’s April PCE inflation print, and even the guilty verdict against former U.S. President Donald Trump.
‘We got to keep the consumer in the game’: Brian Moynihan worries about a spending slowdown
The Bank of America CEO says that inflation has been sapping U.S. sentiment.
Dow Jones trails S&P 500 by most in a year. What it means for the stock market.
Remember the thrill when the Dow Jones topped 40K for the first time earlier this month? That milestone feels like ancient history now. Here’s what happened.
GameStop’s stock on pace for its best month since 2021
GameStop and fellow meme-stock darling AMC skyrocketed earlier this month following the return of influential trader Roaring Kitty to social media.
‘We’re on good terms’: My wife and I are getting divorced, but want to keep our 3% mortgage rate. What could go wrong?
“Given that she’s not planning to buy a house, it should not impact her by keeping her on the loans and the deed.”
My mom, 91, has a $5 million portfolio, but leaves her passwords lying around the house. Could a nefarious caregiver steal her money?
“Mom recently had a heart attack and isn’t as sharp as before, and no longer can drive or live independently.”
Why Dell’s stock is having its worst day on record despite strong AI demand
Investors “likely to get anxious relative to the cost of driving the strong revenue-growth trajectory,” according to JPMorgan.
Medicare drug premiums are going up — ‘dramatically’ — just in time for open enrollment this fall
Expect Medicare Part D premiums to be “much, much higher,” warns a senior health insurance executive
Trump raises $35 million after guilty verdict as donors crash website
Donald Trump’s 2024 presidential campaign said it’s enjoying record success with fundraising after a jury found him guilty on all 34 counts in his Manhattan hush-money case.
I’m 57 and single. I have $630,000 in retirement savings. Should I pay my 3.75% mortgage before retirement?
“The savings I have gets very little in interest.”
Costco doesn’t raise membership fees, says $1.50 price for hot dogs is safe
Costco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-based warehouse retailer pulled back from a record high.
Even with guilty verdict, Trump unlikely to be put behind bars before November’s election
Even after being found guilty of trying to cover up hush-money payments to make stories of affairs go away, Donald Trump may well remain a free man until long past November’s election.
Why are so many young adults getting financial help from their parents? It’s the economy, stupid.
“Early-career recessions can have permanent effects,” one economist told MarketWatch.
VF Corp.’s stock rises after ex-Lululemon chief product officer joins Vans as global brand president
VF Corp.’s stock rises after ex-Lululemon chief product officer Sun Choe joins Vans as global brand president.
Is it better to die in debt or declare bankruptcy in retirement? You might be surprised.
As consumer debt rises, so will bankruptcies. That might not be the best choice for seniors.
Oil prices steady as traders await OPEC+ decision on production cuts
Oil futures were little changed early Friday, but were on track for their first monthly declines of 2024 as traders fretted over gasoline demand and awaited a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies.
The 5 states where homes face the biggest risk of hurricane damage — and how much it costs a homeowner to repair it
U.S. homeowners gear up for another record year of hurricanes. CoreLogic expects nearly 33 million homes to be at risk of damage.
McDonald’s is mad about $18 Big Mac meal complaints and these other ‘myths’
All those stories about how expensive Big Mac burgers are now have made McDonald’s Corp. very mad, and the fast food giant isn’t going to take it anymore.
Don’t fear the PCE. The recent market dip leaves stocks more likely to rally in coming days
Don’t be frit. After the stock market’s latest dip the Fed’s favored inflation gauge is more likely to trigger a rally
Gen Z says they’re on track for retirement — but they might be overconfident
The youngest workers believe they’ll be able to retire earlier than previous generations. But earlier generations have run into problems — and so will they.
A 13-year-old girl worked 60 hours a week making car parts for Hyundai in Alabama, Labor Department says
Lawsuit alleges that a supplier for the South Korean car giant broke child-labor laws so egregiously that it “shocks the conscience.”
Billy Joel just bought this East Hampton estate for $10.7 million
Just in time for summer, the music legend scored this equestrian retreat just down the road from Alec Baldwin.
Elon Musk’s pay package ‘outsized,’ proxy adviser says, urging shareholders to say no
A second proxy adviser has come out against Tesla Inc.’s Chief Executive Elon Musk’s pay package, dealing the EV maker another blow as it tries to win shareholder support for a slew of proposals at its June meeting.
Liquidity is starting to dry up as the Fed conducts QT and bank lending slows, says JPMorgan
Liquidity is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorgan.
Rising Treasury yields have rattled the stock market. Relief may be on the way.
Buyers returned to the U.S. government-debt market on Thursday, following a two-day selloff in the longest-dated maturities that sent yields to one-month highs. It’s the type of buying interest that could keep Treasury yields in check from here.
Elon Musk denies talking crypto with Trump. But here’s what he is ‘in favor of’ with digital assets.
Trump reportedly could tap Musk for an advisory role if the former president is re-elected.
Fed’s Williams expects inflation to cool in the second half of the year
New York Fed President John Williams said that recent hot monthly readings are a pause, not a break, in the cooling-inflation trend.
You don’t have to be dead to use life insurance. It can also fund long-term care.
The insurance industry is tying together life insurance with long-term care. The policies are expensive, but they cover events people are likely to experience.
Hormel misses on sales as ‘whole-bird turkeys’ sees significant weakness
Hormel Foods, the parent of food brands including Skippy, Spam, Dinty Moore and La Victoria, beat fiscal second-quarter earnings expectations and raised its full-year outlook as profit margins improved, but fell short on sales.
Cost of Trump tax cuts soars 50% amid ‘abuse’ of business loopholes
Extending the 2017 tax law that was the signature achievement of Donald Trump’s administration will cost 50% more than originally forecast, because wealthy taxpayers have found loopholes that significantly reduce their tax burdens.
Bulletproof to bust: Top AAA bonds tarnished by a Blackstone office deal’s blow up
Investors in a Blackstone-financed property recently took a loss on AAA bonds, the first of this cycle
‘He always managed to play golf’: My husband of 14 years never worked and now we’re divorcing. He wants half of my $1 million home. What can I do?
“I made all the mortgage payments, in addition to paying for health coverage for both of us.”
Mortgage rates post biggest jump in over a month as the market dials back expectations of Fed rate cut, Freddie Mac says
The 30-year mortgage rate is averaging 7.03%, Freddie Mac said in its latest weekly survey on Thursday.
Scotts Miracle-Gro’s RIV Capital to merge with Cansortium in cannabis tie-up
Cansortium to add RIV Capital’s Etain dispensaries in New York; Scotts Miracle-Gro eliminating $175 million in debt.
C3.ai’s stock is bucking the software selloff. Here’s why.
C3.ai CEO says the company is not dealing with the same budget pressures as more generalized software players.
AST SpaceMobile’s Verizon deal ‘another vote of confidence,’ UBS says
Space-based broadband company AST SpaceMobile Inc.’s deal with Verizon Inc. is further evidence of its strength in the emerging satellite cellular broadband market, according to UBS.
Cannabis company Canopy Growth loss narrows as operating expenses drop
Stock rises 6% as company’s revenue matches Wall Street estimates.
Why UiPath shares are cratering toward their worst day on record
The automation-software company’s earnings packed a triple whammy of customer pressures, leadership shakeup and sales tweaks.
Dollar General’s triple-play earnings beat was fueled by strong traffic growth
Dollar General’s stock marched higher Thursday after the discount retailer reported fiscal first-quarter profit, net sales and same-store sales that all beat expectations, again, as more people visited stores.
PayPal’s stock packs nearly 50% upside, a renewed bull says. Here’s why.
Mizuho analyst Dan Dolev moved to the sidelines on PayPal shares earlier this year, but now he’s back in the bull camp.
BlackRock’s bitcoin ETF becomes biggest after eclipsing Grayscale’s fund
BlackRock is vying for the most assets managed by exchange-traded funds that track bitcoin prices, making a quick ascension to challenge the dominance of Grayscale Investments.
Foot Locker’s stock soars as lower costs fueled a big profit beat
Foot Locker’s stock was headed sharply higher Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that beat expectations by a wide margin, while sales fell a bit short.
Oil prices sink as wider market selloff continues and traders await inventory data
Oil futures fell Thursday, feeling pressure as equities and other assets perceived as risky extended a selloff and traders awaited official data on U.S. inventories.
Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend
OPEC+ members have incentive to avoid drama this weekend when they decide whether to extend production cuts.
Fed fears have rattled stocks, but that’s not the biggest risk to the market, says Josh Brown
If the big tech companies start to ease up on AI spending, that could derail stocks, argues Josh Brown, CEO of Ritholtz Wealth Management.
Nike has a $28 million decision to make with its Caitlin Clark shoe: Design it for women or make it unisex?
Retail expert says Nike is making a mistake if it doesn’t design the shoe for women’s feet.
Anglo American rating downgraded after BHP talks collapse
Anglo American was downgraded to neutral from buy at UBS, after BHP on Wednesday didn’t launch a formal offer after suggesting it could buy the company for £38.6 billion ($49 billion) if stock.
Telecom Italia backs its full-year guidance after posting higher revenue
Telecom Italia has confirmed its guidance for the year after posting higher revenue for the first quarter.
Brookfield leading talks to buy renewable energy provider for $6.5 billion
Canadian alternative-investment giant Brookfield said it’s leading talks to buy a majority stake, and then buy out, French renewable energy provider Neoen from other shareholders.
Credit Suisse’s last CEO to leave UBS, which also shakes up wealth management unit
UBS Group said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit Suisse, the troubled banking rival it took over last year.
Blackstone executive says commercial real estate is bottoming
Blackstone’s chief operating officer told analysts that now is the time to invest in commercial real estate because there are early signs of recovery.
Jamie Dimon sees potential trouble — and opportunity — in private credit
JPMorgan chief foresees clients with locked-up funds demanding their money back and calling their congressperson to complain if trouble arises in the private-credit world
Faraday Future’s stock plunges, on pace for largest-ever daily decline
Shares of electric-vehicle startup Faraday Future Intelligent Electric Inc. plunged Wednesday, weighed down by the company’s full-year results late Tuesday.
How fast food became America’s hot new status symbol
The once humble combo value meal is, increasingly, a habit of well-heeled diners who are also looking for ways to spend less as prices rise. In this economy, being high-income isn’t what it used to be.
U.S. economy is expanding, Fed’s Beige Book says, but businesses are less gung-ho
Inflation and high interest rates hold back growth
Is Donald Trump’s run of good fortune about to end? It’s all in a jury’s hands now.
A guilty verdict could cause significant problems for Trump, who would face a possible jail term and continued distractions from his presidential campaign.
‘My peers have 10 to 20 times more set aside for retirement’: I’m 67 and have $100,000 saved. I want to retire in three years. Can I do it?
“I’m estimating an income of $3,500 to $3,700 per month from Social Security, and around $750 a month from a pension.”
Bitfarms says Riot Platforms buyout offer is too low as it weighs potential sale
Stock cools off after it pours cold water on unsolicited purchase offer from larger rival.
Older workers opting out: Fewer people plan to work after age 62
Are older workers more confident in their finances or more realistic about their prospects?
Goldman Sachs executive Beth Hammack named next president of Cleveland Fed
Beth Hammack, a top executive at Goldman Sachs, will become the next president and chief executive of the Federal Reserve Bank of Cleveland, the bank said Wednesday.
Nvidia, AMD shares see their rallies cool. Will software stocks soon get their moment?
After three days of red-hot gains, Nvidia’s stock is seeing its rally cool, but not to the degree of some other names in the chip sector.
Walgreens to cut prices on over 1,300 products as stock keeps sinking
Walgreens said Wednesday it was continuing to lower prices as part of its “Summer of Savings” promotional campaign, this time on more than 1,300 products.
Medicare drug plans are slashing drug coverage — and it’s going to impact everyone
The private health insurance companies that administer Medicare drug plans have drastically increased the number of exclusions and restrictions
AI replicating human thinking is more Big Tech ‘fake-it-till-you-make-it’ hype
ChatGPT and its peers do not understand what words mean.
Rock star Huey Lewis on his new Broadway show — and what he hates to spend money on
The ’80s hitmaker, who has found a new life on Broadway, chatted with MarketWatch about his views on money, fame and making your way in the music business
‘I’m a mother in my 40s and I’m financially independent’: I’m about to inherit $850,000. What should I do with my windfall?
‘I make about $100,000 annually, and I have $50,000 in savings and stocks.”
Commodities have been on a tear — and the next trade is in the stock market, say these strategists.
The next way to play the commodities boom is in the stock market, say these strategists, who say the long copper/short oil trade has played out.
I’m a millennial mom. Why are world leaders looking at me to fix the birth-rate problem?
The panic about falling birthrates is divorced from the realities of raising kids in today’s world
Abercrombie & Fitch’s stock extends record run after Q1 sales top $1 billion
Abercrombie & Fitch’s stock was set to continue their record run on Wednesday after the apparel and accessories retailer reported quarterly profit that beat expectations by a wide margin, as sales rose to a record for the first quarter.
Bank OZK rating cut to sell from buy at Citi on ‘trepidation’ over two loans
Analyst Ben Gerlinger flags ‘substantial concerns’ with Atlanta project and life science construction.
Here’s one more reason why day trading and market timing can cost you
A surprisingly small number of days account for the market’s entire annual return.
Oil prices boosted as traders await OPEC+ decision on production cuts
Oil futures rise Tuesday, with traders penciling in an extension of OPEC+ production cuts beyond June 30.
Anglo American rejects last-minute request by BHP for more time for deal
Anglo American on Wednesday rejected BHP Group’s last-minute request to extend a deadline for deal talks just hours before they expire.
My sister inherited $350,000 from her father’s estate, but her husband was diagnosed with dementia. Should they divorce so he can qualify for Medicaid?
“She owns the home in her name only, and has a pension and Social Security. He has a 401(k) and Social Security.”
Cathie Wood’s latest bold forecast: El Salvador economy to grow tenfold in five years
Cathie Wood is not shy to make bold predictions, and after meeting El Salvador’s crypto-loving leader, she said the country’s economy could soar tenfold in five years.
Vivek Ramaswamy calls on BuzzFeed to cut staff and hire ‘top talents’ like Tucker Carlson
Vivek Ramaswamy, who has built an 8.3% stake in BuzzFeed, said the media company should admit it “repeatedly lied” to public
I wish Grandma would help with 529 college savings instead of buying our baby even more toys. How do I get her and others to contribute?
At 31, this mom is too stressed from struggling to repay her own college loans to think about what’s coming up for her kid in 17 years.
Why a possible ConocoPhillips/Marathon Oil merger may be the last among the majors
With ConocoPhillips reportedly on the cusp of an all-stock deal to buy Marathon Oil Corp., the end of several years of consolidation among the industry’s big players is nigh.
Room for gold, oil and copper to rise, keeping commodity rally alive, UBS says
Commodity prices still have room to rally, according to UBS Global Wealth Management.
Why the stock-market rally can strengthen despite a slowing U.S. economy
“The equity cycle feels different than the macro cycle today,” say analysts at BofA Global Research.
New T+1 stock-settlement rule could help active traders avoid getting their accounts frozen
One effect of the Securities and Exchange Commission’s new settlement rule is that it could mean fewer violations for active traders.
Virgin Galactic’s stock rallies as milestone mission looms
Virgin Galactic is targeting a launch window that opens June 8 for the final flight of its Unity spacecraft before it halts commercial operations to develop its new Delta-class spacecraft.
Nvidia’s stock extends its surge — and this number shows why it’s ‘truly unique’
Nvidia Corp. shares are making sizable gains Tuesday as the company continues to rack up its share of plaudits.
Glass Lewis urges Tesla shareholders to block Elon Musk’s $56 billion pay package
The proxy advisor said the pay award would be “excessive” as it raised concerns that control over Tesla would be concentrated under Elon Musk
How to play the robotics revolution? Try Tesla, Nvidia and Amazon, for starters.
The robots are coming, and they’ll run on AI. Companies behind these technologies will win big.
The world is bullish on the U.S. — but Americans shouldn’t get too comfortable
American exceptionalism is on full display in the financial markets.
These companies are expected to be the fastest earnings growers in the S&P 500’s cheapest sector
Energy stocks as a group are cheaply priced to expected earnings, even though the sector has been the best performer in the S&P 500 over the past three years, by far.
Novo Nordisk blames middlemen in U.S. healthcare system for high prices of weight loss drugs Wegovy and Ozempic
In a letter to Bernie Sanders, Novo Nordisk said it only retains 60% of the list price of either Ozempic or Wegovy
Campbell Soup to cut costs, 415 employees affected
Food giant shutting down soup plant in Oregon and moving potato chip production at another facility.
Palo Alto Networks, Zscaler shares lead broader cybersecurity selloff
Zscaler’s stock picked up a downgrade ahead of its earnings report later this week.
U.S. consumer confidence rebounds in May after three months of decline
The index of consumer confidence rebounded to 102 in May from a revised 97.5 in the prior month, the Conference Board said Tuesday. This is the first increase in the index after three straight declines.
Bitfarms stock rallies as rival Riot Platforms discloses rejected merger deal
Riot Platforms says Bitfarms nixed deal that would create ‘word’s largest publicly-listed bitcoin miner.’
This is why another bout of inflation could occur sooner than markets expect
Inflationary surges do not happen every year. But when faced with economic uncertainties, central banks may adjust their policies in a way that makes inflation more likely.
Calliditas Therapeutics’ stock surges after $1.1 billion takeover bid
Calliditas Therapeutics’ American depositary receipts jumped more than 70% premarket on Tuesday after a nearly $1.1 billion takeover bid from a Japanese conglomerate.
Why PayPal is making a bet on advertising as it looks to reignite its business
PayPal is trying to execute a turnaround, and its latest initiative involves the creation of a new advertising business.
U.S. Cellular enters $4.4 billion deal to sell T-Mobile its wireless ops, assets
The deal includes $2 billion in debt and a license agreement on the use of more than 2,000 towers.
Before your teen starts a summer job, have ‘the talk’ about taxes
They’ll still complain, but at least kids will know why they’re taking home less money.
Healthcare-payments company Waystar seeks to raise about $1 billion in IPO
The healthcare-payments software company, makes claims-management and patient-payment software to help its network of about 90,000 healthcare providers reduce costs associated with managing insurance claims.
Why financials and oil merit top spots in this award-winning fund manager’s portfolio
Find one approach and stick to it, is our call of the day advice from Morningstar’s “outstanding portfolio manager” of 2024
Door slammers, workaholics and micromanagers: What do you do when you have a bad boss?
Few things can make work more challenging than a difficult manager. Here’s how to deal and when to get the heck out, according to experts.
DraftKings and FanDuel parent hit by Illinois sports-tax legislation
Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.
UBS leapfrogs UBS with new S&P 500 price target
UBS has moved its S&P 500 target ahead of a division of its own bank that only last week raised its forecast.
Rihanna just sold this stunning Los Angeles penthouse. The asking price? $25 million.
Singer, fashion icon, and beauty-product billionaire Rihanna has found buyer for her penthouse apartment that was once owned by Matthew Perry.
Oft-criticized MLB umpire Ángel Hernandez to retire effective immediately
One of MLB’s most infamous umpires, Ángel Hernández, is planning on retiring on Tuesday, The Post’s Jon Heyman confirmed.
ECB ready to start cutting interest rates, chief economist says
The European Central Bank will likely cut interest rates from historic highs at its meeting on June 6th and, and in an interview with the Financial Times on Monday, its chief economist, Philip Lane, brushed off fears that doing so before the U.S. Federal Reserve could...
China semiconductor stocks rally on reports of $48 billion chip fund
The third phase of the China Integrated Circuit Industry Investment Fund has reportedly doubled what was raised in 2014 and 2019,
German Ifo business sentiment index idles as services sector falters
German Ifo business sentiment index idles as services sector falters
Shares of China Evergrande’s EV unit soar on potential investor support
China Evergrande New Energy Vehicle shares jumped 92% on Monday after the EV startup said liquidators were in talks to sell a 29% stake in the unit to an unnamed buyer.
Musk’s xAI raises $6 billion in fresh funding from Fidelity, Sequoia Capital and others
Elon Musk’s xAI company has raised $6 billion in a series B round of funding from investors including Fidelity Management & Research Co. and venture-capital firm Sequoia Capital.
Wall Street economists expect ‘friendly’ U.S. inflation data this Friday
Expectations about the future path of Federal Reserve interest-rate policy has been on a roller coaster this year and the next potential swoon could come Friday with the release of the Fed’s preferred inflation measure of consumer inflation.
Stocks are making Americans feel richer — and the Fed’s inflation fight harder
With an estimated 62% of U.S. adults owning stocks, it becomes increasingly difficult to see how consumer demand can taper off by enough to bring down inflation.
Some buzzy AI names highlight this week’s earnings slate — along with Costco
Dell and Marvell will offer glimpses into AI spending, while Costco and Gap are among big retail names due to report.
Is the stock market open on Memorial Day? Does the post office deliver mail?
It will be a busy holiday weekend, with some 43.8 million Americans hitting the road, according to AAA.
Rudy Giuliani is now hawking his own coffee line, but celebrity branding is a risky business
The former New York mayor-turned-Donald Trump attorney has launched Rudy Coffee. Marketing experts weigh in on his chance to succeed.
Bradley Cooper says caring for his father was a ‘wake-up call’ to the caregiving crisis squeezing millions of families
Cooper is producing a documentary about caregiving with PBS.
This restaurant chain has been named the most affordable in America
Little Caesars, once known for its $5 pizza pies, is still the low-cost champ, according to a new survey.
I’m 54 and have $2.6 million saved. My husband, 68, wants me to retire early, but he has very little retirement savings. What should I do?
“I own $1.6 million in real estate.”
This financial adviser breaks down taxes and estate planning into 3 simple charts
These images can help you wrap your head around how to manage your money.
Americans must pay higher taxes if they want to keep a high standard of living
Financial challenges face the next U.S. president — but one candidate’s remedies would be a ‘train wreck.’
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.
This Nvidia-heavy investing strategy has been outperforming the S&P 500
A low-cost index strategy tracking stocks with the highest risk-weighted returns has fared well during a period of high inflation and “clear, defined leadership” for the technology sector.
Home builders are slashing prices to lure home buyers, but it may not be enough
New home sales at 634,000 annual rate in April, versus 665,000 in prior month.
Nvidia is sporting growth one tech CEO says hasn’t been seen ‘in the history of capitalism’
One tech CEO remarked that Nvidia’s ability to post $22.6 billion in quarterly data-center revenue, after having seen just $4.3 billion a year before, is simply one-of-a-kind growth.
A ‘liar’s dividend’: AI deepfakes are a powerful tool for criminals and political control
Awareness, voluntary best practices and detection technologies are the best defense.
We have $4,000 a month in retirement income — and want to put $200,000 toward an annuity. Is this a wise decision?
“We hope we are headed in the right direction.”
HPV vaccine can have big health benefits for men, research shows
A vaccine that’s widely known to help protect women from cervical cancer can also offer big health benefits for men, new research shows.
Stock trades must now settle in just one day. Here’s why Wall Street should move even faster.
A new one-day settlement rule for stocks and many other securities takes effect on Tuesday. Advocates say same-day settlement would be even better for investors.
During our final walkthrough, the seller’s agent told us someone died in the house. After we moved in, I found a lot of blood. What should we do?
“We just gave our condolences and, honestly, we were shocked that this had happened and the sale was still going through.”
Memorial Day kicks off a cruel summer for inflation-weary Americans — with one bright spot
This Memorial Day weekend marks the informal start of the third summer where inflation will be buzzing around like a fly at a barbecue.
‘I feel like an idiot. I need every cent to retire’: I gave a friend $20,000 to buy me a car. He ghosted me. I called the police. What options do I have?
“We met several times in person, and he explained that once I gave him the money that I could trust him.”
8 in 10 baby boomer renters would rather rent than buy a house. Here’s why.
The vast majority of baby boomers who rent would rather not buy due to the high costs of homeownership, a Bank of America survey says.
How Morgan Spurlock and ‘Super Size Me’ changed our view of fast food
The 2004 film brought home the idea that we are what we eat.
U.S. stocks rise ahead of Memorial Day weekend as Nasdaq scores fresh peak
Major U.S. stock indexes rose Friday, with the technology-heavy Nasdaq Composite scoring a fresh record peak ahead of the three-day weekend honoring Memorial Day.
GameStop shares soar on completion of $933 million stock sale after meme frenzy
The videogame retailer has been a major beneficiary of yet another “Roaring Kitty”-fueled meme-stock rally.
Finnish entrepreneur Thomas Zilliacus wants to buy Inter Milan from club’s new owner Oaktree
Thomas Zilliacus has shifted his attention to Inter Milan after his unsuccessful bid for Manchester United last year.
Housing has raised the cost of living — but higher rates aren’t the culprit, say analysts
Go head and blame higher interest rates for the “lock-in effect” gripping the U.S. housing market — but don’t call higher rates inflationary, say Ned Davis Research analysts.
Memorial Day car sales will be ‘raging’ — and these brands will have the best deals
People who have been waiting to buy a new car may spot some good discounts over Memorial Day weekend on 2023 model-year vehicles, especially on some domestic cars, as affordability issues have led inventory to pile up.
This is why the bull market for stocks could continue for years
Also: Boeing’s compelling bonds, new help with down payments and advice for a retiree who is drowning in debt.
‘Are they cheap?’ I’m taking a trip with two friends for Memorial Day. I’m spending $90 on gas, and neither offered to chip in. What should I do?
“I’m not sure if I’d describe them as ‘ride or die,’ but we are good buddies.”
These are the most popular flights in the U.S. this summer — and how much they’ll cost you
Airfares for domestic flights are trending lower this summer when compared with last, Kayak says, based on flight-price data.
55% of swing-state voters dislike Bidenomics more than Trump’s abortion stance: poll
The 2024 White House race is close but presumptive Republican nominee Donald Trump appears to have the edge at the moment thanks in large part to swing-state voters who are frustrated with President Joe Biden’s handling of the U.S. economy, said analysts at the...
HSBC’s new offices are coaxing hybrid workers into the office more frequently
The bank is keeping its hybrid policy in place, but more employees are choosing to commute to its new office building.
Don’t worry about a ‘magic’ retirement number — but make sure you have this one thing.
‘Most people have an idea of what’s important, but don’t know how to get there’
One of the biggest U.S. lenders is offering 0%-down-payment mortgages for first-time home buyers. Here’s the catch.
Prospective home buyers should fully understand the terms of a “silent” second mortgage before taking one on, one expert said.
U.S. consumer sentiment darkens in May on worries of higher inflation
Final May reading of 69.1 was a slight improvement from preliminary estimate of 67.4
Watch out for this ‘contrarian’ sell signal for stocks, says Bank of America
Global breadth is rising — and that could be a warning for stock market investors, says Bank of America.
AMC and GameStop shares rally after registering biggest declines in a week
Shares of AMC Entertainment Holdings Inc. and GameStop Corp. were rallying in premarket trading Friday after registering their biggest declines in a week during Thursday’s session. Both stocks saw massive volatility last week amid a meme-stock rally fueled by the...
Copper prices to quadruple on surging green demand, legendary oil trader Pierre Andurand says
Hedge fund manager Pierre Andurand said copper prices could surge to heights of $40,000 a ton as soaring demand outstrips supply
U.S. durable goods rise for third straight month in April
Orders for durable goods rose 0.7% in April, for the third straight monthly gain, the Commerce Department said Friday.
Deckers Outdoor praised as ‘one of the strongest names’ by Wedbush
Analyst Tom Nikic hikes Deckers Outdoor’s price target after retailer posts strong results and hikes profit view.
Oil prices on track for 5-day losing streak
Oil futures are falling for a fifth straight session.
Japanese dog who inspired cryptocurrency DogeCoin dies aged 18
Kabosu, a Japanese Shibu Inu who became the face of the popular ‘Doge’ internet meme, passed away peacefully on Friday
Goldman Sachs pushes back timing for first Fed rate cut to September
Economists at Goldman Sachs on Friday pushed back their expectations for the first Federal Reserve interest rate cut of the cycle to September from July.
Cathie Wood sees a Great Depression-like search for safety in the stock market
ARK Invest CEO Cathie Wood says there are Great Depression parallels in markets right now.
Yes, the American dream is dead, this money influencer says — but here’s how to get rich anyway
“We cannot use the same playbook our parents gave us,” says Your Rich BFF creator Vivian Tu. Here’s what she says is keeping the white-picket-fence fantasy out of reach.
10 places to visit where you can step right into these famous song lyrics
From Gin Blossoms and Tom Waits to Sir Mix-a-Lot and Bob Seger, here are 10 great tunes about real-life places in America that you can visit to this day.
This regal castle in Wyoming is your fairy-tale dream come true for just $14 million
Nestled on 40 acres with breathtaking mountain views from two towers, this castle abounds with fairy-tale vibes.
Elon Musk denies report SpaceX may make tender offer with $200 billion valuation
The aerospace company has “no need for additional capacity” and will buy back shares, said SpaceX CEO and founder Elon Musk.
Ether ETFs near debut as crypto’s Washington win streak continues. Here’s what it means for markets.
U.S. regulators took a major step forward Thursday toward green-lighting a spot ether exchange-traded product that could potentially lead to mainstream adoption of the world’s second-most popular cryptocurrency.
The average concert ticket hit $120 last year, but the Live Nation antitrust case may not make them cheaper
The U.S. Department of Justice is suing to break up Live Nation Entertainment, the parent company of Ticketmaster, for allegedly cranking up fans’ costs by controlling the concert industry.
Morgan Stanley’s James Gorman stepping down as executive chair by year-end
Gorman was chief executive of the bank for 14 years before retiring on Jan. 1.
Why gold and silver fell for a third day in a row
Gold and silver settle sharply lower Thursday, extending losses into a third straight session a day after minutes from the Federal Reserve showed that some policymakers were willing to raise interest rates if needed to fight inflation.
Why Snowflake’s stock is falling despite a boost to guidance
Bernstein worries that “expectations may creep too high for next quarter” and says the AI messaging looks murky.
‘I have a modest Roth IRA that hasn’t performed well’: My wife and I are savers — and happy driving our old cars. Where should we invest $15,000?
“We are satisfied with our older Toyota and Honda for now.”
Stocks are holding their own at these levels
The market seems to be trying to gather momentum for another push higher.
Norfolk Southern agrees to settlement of more than $300 million with federal government over East Palestine, Ohio, derailment
Norfolk Southern has reached a settlement with the federal government over last year’s derailment of one of the company’s trains in East Palestine, Ohio.
Live Nation’s stock falls after DOJ seeks company’s breakup in antitrust suit
The Justice Department alleges that that Live Nation wielded its monopoly power to stifle competition in the live-events industry.
Mortgage rates fall below 7% for the first time in more than a month
The 30-year mortgage rate is averaging at 6.94% Freddie Mac said in its latest weekly survey on Thursday.
Medtronic’s stock drops after profit beats again but outlook disappoints
Medtronic has raised its dividend for 47 straight years, with the implied dividend yield more than double that of the S&P 500.
Buy-now-pay-later will be regulated like credit cards under new Biden rule. Here’s how that will affect shoppers.
The growing number of people who use buy-now-pay-later loans are poised to receive stronger protections when they want their money back, the federal consumer watchdog said Wednesday.
Biden administration should focus on funding the next Tesla — not crack down on Chinese EVs
The U.S. and China are now in a full-blown economic war, and the climate will be a casualty.
Alibaba to sell $4.5 billion in convertible debt to fund stock buybacks
Alibaba’s stock fell Thursday, after the China-based ecommerce giant said it planned to sell $4.5 billion worth of debt that can be converted into cash for stock.
BJ’s first-quarter earnings top estimates. Consumers still ‘discerning’ in their spending, says CEO.
BJ’s said that fiscal first-quarter earnings exceeded expectations and it backed its full-year guidance.
Schwab’s stock looks to thrive from wealth management growth, analyst says
One analyst sees growth ahead despite downside surprises on expenses and client cash trends.
Ralph Lauren’s fourth-quarter earnings beat offset by soft revenue guidance
Chief Executive Patrice Louvet said the company is now in the second year of its “Next Great Chapter: Accelerate” plan as it navigates a “highly dynamic global operating environment.”
These tips for investing in mutual funds and ETFs get your portfolio in the groove
Summer stocks, some corporate insiders like their odds, and why Dow 1 million is doable.
Rio Tinto should scrap its primary London listing, activist hedge fund says
London hedge fund Palliser Capital said Rio Tinto should switch its primary listing to Sydney to boost its share price
Oil prices attempt to snap 3-day losing streak
Oil futures traded higher early Thursday, attempting to shake off worries about the economic outlook.
Microsoft and Qualcomm team up to make AI the future of the PC
Microsoft’s AI vision is winning over customers and developers, and the tech giant intends to bring the industry along with it.
Oreos maker Mondelez fined $365 million by EU competition regulator
European Union antitrust authorities fined Oreo maker Mondelez International 337.5 million euros ($365.3 million) for restricting sales of its products among the bloc’s member states.
Wages in the eurozone picked up in the first quarter, ECB says
Negotiated wages edged higher in the eurozone in the first quarter, data that could limit the pace of rate cuts by the European Central Bank, which are expected to start next month.
News Corp. shares climb on OpenAI licensing pact
News Corp. shares traded higher on Thursday after the media conglomerate inked a content deal with artificial-intelligence leader OpenAI.
Tory MPs jostle for finance jobs after Sunak calls election
Conservative politicians are strengthening their ties to City firms, priming for potential job opportunities that could open up after the general election as Prime Minister Rishi Sunak reveals the date of the contest.
Take a peek at Kiefer Sutherland’s charming, low-key L.A. home he just sold for $1.6 million
There’s so much to love about this sweet, low-key, humble home, remodeled but with its original charm preserved.
401(k) millionaires surged 43% in the past year — here’s how long it took them to reach $1 million
Becoming a 401(k) millionaire doesn’t happen overnight. Here’s how many years it took, on average.
Nvidia is set to be worth as much as all German stocks put together
Nvidia’s standout first-quarter puts the chipmaker at the forefront of the artificial intelligence revolution to have nearly the same market value as all listed German companies put together.
Moderna, CureVac, other vaccine stocks jump after new human bird-flu case reported in Australia
Vaccine-related stocks moved sharply higher Wednesday in the wake of a new human bird-flu case reported in Australia.
Dow 1 million? It’ll take awhile — but not as long as you might think
7% average yearly gain pushes the U.S. stock index to 1 million in 48 years.
Cannabis companies continue federal legalization push despite marijuana’s rescheduling
Attorney David Boies argues that moving pot to Schedule III won’t remove the threat of prosecution for state-legal pot companies.
‘Various’ Fed officials said they were willing to hike interest rates if needed, minutes show
“Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate,” the minutes said.
The stock market has already chosen a winner in the 2024 presidential election
‘It’s the stock market, stupid,’ and that’s why the Dow Jones Industrial Average is a surprisingly reliable election predictor.
Why bond returns could hit double digits in 2025
Bonds would benefit if the Federal Reserve cuts rates more deeply next year than traders currently expect.
We the incorrect people: 49% of Americans say stocks are down for the year, 72% say inflation rising
A new poll is offering fresh evidence that the U.S. economy’s strong performance isn’t resonating with many Americans, even as numerous conventional economic indicators are encouraging.
I want to retire on a lake. Where should I go?
Retirees who want to live on or close to a lake can look at these locales.
TJX’s stock rises toward a record after earnings, as customers shopped more
TJX’s stock rose toward a record Wednesday after the discount apparel and home fashions retailer beat fiscal first-quarter profit expectations and raised its full-year outlook.
Who pays for long-term care? A shocking number of people get this wrong.
People are confused and overestimate Medicare’s role in paying for long-term care
Target’s stock dives after profit misses, as many Americans have ‘maxed out’
Target’s stock took a dive Wednesday, after the discount retail giant reported fiscal first-quarter profit that missed expectations, amid weakness in sales of discretionary items.
Oil prices on track for 3-day losing streak as U.S. supplies post a weekly climb
Oil futures trade lower for a third straight day as investors await official data on U.S. crude and product inventories.
Vivek Ramaswamy bought a bunch of BuzzFeed stock, to spark a big rally
BuzzFeed’s stock soared on heavy volume Wednesday, after the Vivek Ramaswamy, a former presidential candidate, disclosed that he took a large equity stake in the digital news service.
Robert F. Kennedy Jr. invests $24,000 in GameStop in apparent play for ape vote
Is this the 2024 presidential election’s “Pokémon Go to the polls” moment or something bigger?
Just 9 days account for all the stock market’s 2024 gains. Here’s what they have in common.
Nearly 100 trading days into 2024, just nine days account for all the S&P 500’s year-to-date gains — and then some. Two themes are key drivers, a top Wall Street analyst says.
Williams-Sonoma’s stock heads for record after profit crushes estimates
Williams-Sonoma Inc.’s stock WSM rose 8% early Wednesday and was headed for a fresh record, after the upscale home goods retailer crushed profit estimates for the first quarter while revenue also came in ahead of consensus.
Charles Schwab’s mobile app ‘sucks,’ says Robinhood’s chief brokerage officer
Rival brokerage Robinhood says it has seen an influx of new customers since TD Ameritrade users were transitioned to Charles Schwab.
Biogen to acquire privately held Human Immunology Biosciences for $1.15 billion upfront
Biogen Inc. said Wednesday it’s acquiring privately held Human Immunology Biosciences for $1.15 billion upfront and up to $650 million in potential milestone payments in a move aimed at bolstering its immunology portfolio.
Women live longer than men, but there’s a ‘dark side’
“Ageless Aging” looks at the importance of women’s diet, exercise, sleep and social connections
Lululemon’s stock falls 4.4% after yoga-gear maker says its chief product officer is leaving
Lululemon’s stock was set to open lower Wednesday, after the company announced the departure of its chief product officer and said it would overhaul its product and brand teams.
The SEC’s T+1 settlement rule will transform stock trading: Here’s what you need to know.
The new settlement rule will affect most security trades, but how will it affect investors?
‘He’s planning to bleed me dry’: My husband turned into a monster after we married. I own a $1.3 million home. How do I save myself and my finances?
“I am planning my escape after five long years, feeling foolish for staying in this marriage for so long.”
‘Is he trying to launder money?’ I loaned a friend $30,000. Now he wants to pay me back using an offshore account.
“Am I asking for trouble?”
A Citi trader intending to sell $58 million of shares ended up selling $1.4 billion. Now the bank has been fined.
Trading incidents including one where Citigroup executed $1.4 billion of sell orders when intending to sell $58 million of shares led British regulators on Tuesday to fine the bank over trading controls.
Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom
Money managers invested in utility companies, chip makers, and technology firms that could benefit from the growth of the AI sector, Goldman Sachs analysis shows
‘Once a cheater, always a cheater’: I’m the beneficiary on my ex-husband’s $250,000 life insurance. He’s now threatening to change it. Is he in breach of our divorce decree?
“I’m 50 years of age and only have $45,000 saved.”
Crypto bulls think ether ETF approval could send prices to new highs — and make way for more funds
It seems more likely that a spot ether exchange-traded fund could arrive as early as this week amid a sudden change of stance by the U.S. Securities and Exchange Commission.
Oil prices settle lower as traders fret over the outlook for demand
Oil futures finished lower Tuesday to notch back-to-back session losses, with traders concerned about the outlook for crude demand as the Federal Reserve maintains higher interest rates.
Uranium ETF soars to 10-year high on rising demand and Russia import ban
Exchange-traded funds that track uranium-related stocks have skyrocketed this year, with prices for the heavy metal widely used for nuclear-power generation hovering around its highest level in 16 years, buoyed by tight supplies and expectations for rising demand.
Scarlett Johansson’s fight with OpenAI isn’t the star’s first legal battle over artificial intelligence
Last year, Johansson’s lawyers went after an AI firm for using her image without permission — an early salvo between artists and the emerging technology.
Here’s what the U.S. government is doing to help lower gasoline prices
Gasoline prices at the pump are little changed from a year ago, but the Biden administration on Tuesday said it’s taking action to help lower prices at the pump for the summer.
Don’t get swept away by ‘S&P 500 envy’ as stocks shatter records and bonds lag
Here’s how to remind yourself that diversification still matters in the long run
The crypto Congress: momentum builds for ‘most significant’ digital asset law in history
Crypto industry insiders are becoming more optimistic that new legislation that would sideline the U.S. Securities and Exchange Commission will get strong bipartisan support in a vote this week, and potentially even become law before the end of the year.
Trump’s tariffs would cost U.S. families $1,700 a year, think tank says
Presumptive Republican presidential nominee Donald Trump’s proposed tariffs would “cost a typical household in the middle of the income distribution about $1,700 in increased taxes each year,” the Peterson Institute for International Economics, a nonpartisan think...
Trump’s “unified Reich” video controversy is a win for Truth Social
Donald Trump mints free publicity. And for a startup, especially a “social media” startup, publicity like this is worth more than gold.
Eli Lilly’s stock on pace for record close as Crohn’s disease trial hits the mark
Eli Lilly shares were on pace for a record closing high Tuesday after the drugmaker released data from a late-stage Crohn’s disease trial and struck a deal to develop new cancer-targeting medicines.
Bond king Jeffrey Gundlach still sees a U.S. recession coming. Here’s when.
Jeffrey Gundlach, chief executive of investment-management company DoubleLine Capital, is continuing to hold on to a view that he’s had since at least late last year — that the world’s largest economy will likely experience a recession.
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered prices
The six most surprising things that happened at Trump’s hush-money trial
With the conclusion of testimony, it was David Pecker, Stormy Daniels and Michael Cohen who provided fireworks as Trump seethed in the courtroom
XPeng’s stock soars after EV maker’s sales beat by widest margin in 2 years
XPeng’s stock powered higher Tuesday, after the China-based electric vehicle maker reported first-quarter results that beat expectations by wide margins, fueled by higher deliveries and cost-cutting.
Why Palo Alto Networks’ earnings report missed the mark once again
“Apparently, our assumption that management had reset expectations after last quarter in order to return to a beat-and-raise cadence was incorrect,” an analyst wrote.
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.
Robinhood introduces lower margin rates in bid to wow advanced traders
Robinhood announces new margin rates.
One way to combat housing affordability and loneliness: Matching senior citizens and students. ‘Intergenerational living is not some new crazy idea’
Many older adults have room to spare — and many young adults need a place to live.
Macy’s stock climbs after sales fell again, but beat expectations
Macy’s stock rose Tuesday, after the department store chain reported fiscal first-quarter results that fell from a year ago but that beat expectations, and nudged up its full-year outlook.
GameStop and AMC pare back gains as dust settles from Roaring Kitty-fueled meme-stock frenzy
GameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday’s gains in premarket trades Tuesday as the dust continued to settle from last week’s meme-stock frenzy.
Odey Asset Management closed in a crisis. Two of its former funds are now top performers.
The two funds managed by James Hanbury were transferred to Lancaster Investment Management after Odey Asset Management closed, on the back of sexual assault allegations against its founder, in 2023
JPMorgan is the last bear on Wall Street. It’s not budging.
Marko Kolanovic is not about to turn bullish on stocks, even after a bunch of his colleagues have started upping their S&P 500 targets.
‘Is he trying to bamboozle me?’ My husband wants a divorce after 20 years. He offered his $275,000 401(k) in exchange for our $275,000 house.
“I used my 401(k) for life expenses because doctors found a parasite behind my husband’s eye.”
Yellen says U.S. wants to diversify, not decouple, from China
Treasury Secretary Janet Yellen said the U.S. is trying to diversify but not decouple from China, a week after a series of new tariffs were introduced.
ASML machines can be disabled if China attacks Taiwan, report says
A published report says sophisticated ASML microchip making equipment being used by Taiwan Semiconductor could be remotely disabled in the event that China attacks Taiwan to regain control of what it says is part of its country.
GSK says late-stage trials of potential blockbuster asthma drug met their goals
GSK on Tuesday said two late-stage trials of an asthma drug that could have peak sales of more than £3 billion ($3.8 billion) met their goals.
AstraZeneca kicks off ‘new era of growth’ with aim to hit $80 billion of sales by 2030
The Anglo-Swedish pharmaceutical company’s CEO Pascal Soriot said the announcement marks the start of a “new era of growth”
What killed Red Lobster? Endless shrimp was just one factor, says its new CEO.
Red Lobster’s new CEO pins the blame for the company’s bankruptcy on a host of factors
Apple has a chance to change investor minds
Apple’s hardware events are usually most exciting to investors. But this time, Wall Street is highly anticipating the company’s annual software preview.
JPMorgan’s Jamie Dimon suggests he may retire early
JPMorgan Chase & Co.’s Jamie Dimon on Monday implied that he may retire earlier than planned as the bank’s chief executive.
How Ivan Boesky became one of the most infamous figures on Wall Street and the inspiration for Gordon Gekko
Ivan Boesky’s 1986 guilty plea to insider trading, accompanied by a then-record $100 million fine, brought to a close a period of roaring 1980s exorbitance on Wall Street and beyond that became the calling card of the so-called Me Generation.
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.
The 401(k)’s success has been overlooked and the retirement plan will continue to help even more Americans
The 401(k) of 2024 is nothing like the 401(k) of 1984
Micron’s stock rises as Morgan Stanley admits its bearish stance ‘was a mistake’
An analyst said he failed to properly appreciate how high-bandwidth memory would drive stock momentum.
Hims & Hers Health says it will offer compounded GLP-1 drugs, despite FDA warnings
Hims & Hers Health’s stock jumped more than 30% Monday morning after the health and wellness platform said it would offer compounded versions of popular GLP-1 drugs.
U.S. travelers are hungry for international travel. These stocks will likely benefit.
“Airports are bracing for a spike in travelers.”
Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.
Ryanair chief says recessionary feeling in Europe is limiting fares
Ryanair’s chief executive blamed what he called a “recessionary feel around Europe” for the airline’s inability to increase prices very much.
Nvidia’s stock is a bargain — provided this pattern continues
Nvidia’s stock is trading lower to expected profit than it did three years ago, before its AI-related sales exploded.
Deutsche Bank raises S&P 500 price target to 5,500
Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month’s selloff.
Keywords Studios’ stock surges as videogame company mulls improved £2 billion bid from EQT
The Swedish private -quity giant is considering acquiring Keywords Studios for 2,550 pence per share, in what would mark a 73% premium on its closing price Friday.
Target announces lower prices for 5,000 popular items heading into holiday weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.
Fed’s Bostic expects inflation to keep coming down — but slowly
“We do a lot of talking to business leaders and what they’re all telling us is that things are slowing down.”
Texas-based Independent Bank to be bought for $2 billion by Florida’s SouthState
Independent Bank Group will no longer be independent, after the Texas-based bank announced Friday an agreement to be acquired by Florida’s SouthState Corp. in an all-stock deal valued at about $2 billion.
Corporate insiders at these companies are telling us that consumers are cruising
Executive and director buying supports these 9 travel, gaming and recreational boat stocks.
Oil prices give back gains seen after death of Iran’s president
Oil futures lost ground early Monday, giving back modest gains seen after the death of Iran’s president and the emergence of concerns about the health of Saudi Arabia’s king.
10 best new cars for new college grads
These cars are all under $30,000, have top safety ratings, and at least one cool feature.
My second husband spent $85,000 on repairs to my house before we were married. Does he have the right to remain in my home if I die before him?
“My will, created before my 2021 marriage, states that my home should go to my children.”
Li Auto says order intake misses expectations as earnings slump
Chinese electric vehicle maker Li Auto said order intake was worse than expected in March as its profit declined in the first quarter.
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks to
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.
Gen Z knows it has a debt problem — and it’s getting help for it
“Instead of suffering in silence or going purely self-help,” younger people in debt “are looking into their options and talking to people,” one expert said.
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.
Stocks may rise into the summer. These 3 risks could derail the rally.
Given how stocks have reacted to the latest flurry of mixed economic data, a summertime rally feels almost inevitable. Still, investors would be remiss not to consider the myriad risks that could possibly derail it.
The biggest earnings heavy hitter reports this week, and so do Target and other retailers
Blowout results for Nvidia Corp., the S&P 500 Index’s biggest profit driver, have become part of the ritual when the chip maker reports quarterly results.
Looking to place a wager on the Preakness? Here’s how to become a savvy bettor.
The second leg of racing’s Triple Crown is set for Saturday at 6:40 p.m. Eastern time.
Social Security’s COLA could be 3.2% in 2025
The average cost-of-living adjustment over the last 20 years has been about 2.6%, according to the Senior Citizens League
Our adviser put 50% of our holdings in individual stocks, but now we fear a big tax hit by switching to index funds
Changing investment strategies midstream can lead to significant capital gains when you sell.
Take these two simple steps to get wealthier, says finance guru Dan Solin
‘Wealthier’ offers a deceptively simple way to avoid meme-stock distractions and other investing mistakes
Russian court seizes assets worth over $700 mln from UniCredit, Deutsche Bank and Commerzbank
A St Petersburg court has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — according to court documents.
These behavioral trends drove the GameStop and AMC meme-stock rally
The meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral finance expert Victor Ricciardi.
‘Bidenomics’ 2.0 or ‘Trumponomics’ 2.0? Both would hurt trade and growth.
Joe Biden and Donald Trump are each pushing a protectionist agenda that weakens U.S. interests at home and globally.
The war over nursing homes is heating up
Staffing mandates are just the beginning
The 5 changes to the 401(k) that could make a big difference to your retirement
From blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the Best New Ideas in Money.
Why bitcoin and gold might be your move to keep your wealth safe
Both assets are far removed from government’s grasp.
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.
Missed the gold and silver rally? Metal mining stocks may be a way to catch up.
Gold and silver look ripe to extend a powerful rally, but shares of miners of precious metals still poised to play catch up
Apple has lost its shine. Here’s what can help it regain luster.
Apple historically has managed to be both a Wall Street and Silicon Valley darling. Now, it’s worth asking whether the company will remain either one.
If you’re a woman, this one food slashes your dementia risk by a third
If you’re female and want to avoid dementia, stock up on this.
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.
Your Social Security benefits won’t disappear after 2035 — even if Congress doesn’t act
The average monthly payment in 2036 will be $2,077 — versus $1,907 now.
Gold and copper are breaking records. Silver is at an 11-year high. But the narratives vary.
Factors named as powering gains in the metals markets include relative dollar weakness, U.S. debt and electrification needs.
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.
I’m 49 and my husband is 59. We have a $2.2 million house and $885,000 saved for retirement. Can we retire by 2030?
“We are homebodies with fairly simple and inexpensive tastes.”
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can anyone help me?
“I’m current with all my bills but barely make minimum payments.”
Social Security’s annual report is terrible news for seniors
The revised forecast doesn’t mean we can worry less
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.
Boeing’s Starliner launch pushed back to May 25 for first crewed mission
The historic first manned launch of the spacecraft has been hindered by delays.
The folks who are most excited about Dow 40,000? The hat sellers.
There’s a market for headwear tied to the stock market.
Reddit OpenAI deal highlights demand for the social-media platform’s data
Reddit already has a longstanding partnership with Google, and more deals may be in the pipeline, says Deutsche Bank.
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.
My father ‘deliberately and hurtfully’ cut my late sister’s two kids out of his will. How can I ensure they get their fair share?
“How can I best do this in such a way that nobody is penalized from gift taxes and other costs?”
Cathie Wood’s ETFs have been buying up stock in this online-gaming company
Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes them much more attractive.
The furniture industry’s recovery relies on customers getting used to paying more
Here’s what the furniture industry is counting on to power its upswing.
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?
Roaring Kitty rollercoaster: Why GameStop and AMC meme madness is an ‘outlier event’
“It felt as though the market briefly took a trip back to 2021 this week” — but the spike in GameStop and AMC will not be a long-lasting or market-moving event, according to experts.
Fed’s Powell tests positive for Covid for second time
Federal Reserve Chairman Jerome Powell contracted Covid-19 for the second time and is working from home while he recovers, the Fed said Friday.
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”
Robinhood’s stock rockets as BofA sees retail renaissance in ‘early innings’
BofA double upgraded Robinhood shares while abandoning its bearish call on Coinbase’s stock.
Nvidia is seeing ‘insatiable’ demand, but these are the key questions
Investors are focused on the Blackwell ramp, prospect of an “air pocket” and margin trends.
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.
Apple could owe you up to $349 in the iPhone 7 settlement. The deadline to register is coming up.
To qualify, you’ll need a piece of information from Apple.
Tilray to sell a large block of stock as it preps for cannabis reclassification
Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.
Oil futures edge higher, set for modest weekly gains
Oil futures headed for modest weekly gains on Friday early morning as economic data from the U.S. and China raised hopes for stronger crude demand.
GameStop’s stock slides premarket after company issues profit and sales warning for its first quarter
GameStop Corp.’s stock fell 11.8% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter.
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital Economics
Technology stocks are once again leading the way in 2024. Why these ETFs tell a different story.
U.S. stocks are rallying in 2024, but some of the most popular ETFs tracking key sectors haven’t kept pace, leading to significant gaps between their returns and the indexes they are designed to mirror.
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.
‘I was hospitalized due to blood poisoning from a feral cat bite — and the copay wiped out my savings’: Should I cash out my $12,000 life-insurance policy?
“I am now in my 50s and have no family. I have no children and no siblings left.”
The stylish, coupe-like 2025 BMW X6 SUV—a niche model worth serious consideration
The 2025 BMW X6 puts a coupe-styled roof on a midsize luxury SUV’s foundations, then adds extra poise and equipment.
‘Real Housewives’ star Sonja Morgan is auctioning off her N.Y. townhome—no reserve
“Real Housewives of New York” star Sonja Morgan is preparing to auction off her Upper East Side townhome after trying to sell it for over 10 years.
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.
Shift in market environment makes ‘accident’ more likely, says Nomura pro
Markets are returning to the traditional relationship between stocks and volatility that leaves markets more prone to an accident, according to one market observer.
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.
Dow Jones struggles to keep grip on 40,000 after testing milestone for first time
The Dow Jones Industrial Average traded above 40,000 for first time ever on Thursday, but was struggling to finish above that threshold.
‘I stopped counting birthdays decades ago.’ This 65-year-old is financially independent and has no urge to retire.
Financial freedom allows him to focus on the pleasures of his job and hobbies.
Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says
Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, not a shortcoming.
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gains
Uber launches service that can help with eldercare
Transportation to medical appointments or medical errands can be arranged by app and paid for with health insurance
McDonald’s is bringing back its $5 value meal. Here are 10 other ways to save when dining out.
Follow these tips and you’ll reap the financial rewards.
AMD supplants Nvidia as this analyst’s top chip stock — but he still likes both
AMD’s stock advances as Wolfe Research writes positively of the company’s AI traction.
Under Armour’s stock buoyed by hopes for restructuring as founder Kevin Plank returns, pledges renewed focus on men
Under Armour Inc.’s stock rose Thursday after the athletic-apparel maker approved a restructuring plan and beat analyst estimates for fourth-quarter adjusted earnings.
Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The 30-year mortgage rate is averaging at 7.02% Freddie Mac said in its latest weekly survey on Thursday.
‘Our children don’t have the discipline to manage their own money’: My wife and I have $4.5 million saved for retirement. How long will this last?
“It’s time we think of leaving a legacy for our two adult children.”
Jamie Dimon sees ‘happy talk’ driving markets as he maintains cautious view
JPMorgan Chase chief executive is sticking to his outlook that a soft landing for the economy is less likely than markets expect.
Fed’s Barkin: Service companies are still trying to raise prices
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.
Record U.S. stock market is not yet overbought, but it’s getting close
According to a closely-watched momentum gauge the rally is not looking over-extended yet. But it may be getting close.
Import prices post biggest increase in two years, adding to U.S. inflation pressures
The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.
U.S. industrial output flat in April
Industrial production was flat in April, the Federal Reserve reported Thursday.
Walmart’s stock jumps toward a record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
Money advice needed a makeover. Inside the rise of the female ‘finfluencer.’
Money gurus have rarely addressed all the ways that factors like culture, race and gender impact our financial habits. These young women built huge online platforms doing it — and proved there’s big business in taking the finger-wagging out of personal finance.
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 5.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.
Here’s what Druckenmiller did as he sold Nvidia — it’s a risky bet on an unloved asset
Stanley Druckenmiler’s Duquesne Family Office, Druckenmiller made a bullish bet on small caps in the first quarter. And those stocks have been most unloved.
April CPI data was ‘positive’ after recent disappointments, New York Fed president says
New York Fed President John Williams said April’s inflation data was a “positive” development after a string of disappointments, as he said the overall price trend “looks reasonably good.”
‘Our children don’t have the discipline to manage their own money’: My wife and I have $4.5 million saved for retirement. How long will this last?
“It’s time to leave a legacy for our two adult children and our grandchildren.”
Ubisoft shares slump after guidance disappoints
Shares of “Assassin’s Creed” maker Ubisoft Entertainment plunged Thursday after the group set guidance below analysts’ expectations for the current quarter, signaling a slow start to the new fiscal year following a strong fourth quarter.
BT Group shares soar after price increases boost revenue
BT Group shares soared Thursday, leading the FTSE 100 index’s gainers after the company said revenue for its fiscal year was boosted by price increases.
Ray Dalio believes there’s a 35-40% chance of a civil war in the U.S.
Bridgewater Associates’ founder Ray Dalio believes the U.S. is “on the brink” of a civil war and sees a 35-40% possibility of an internal conflict breaking out.
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase
Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.
Biden’s banking rules will fuel inflation, lawmakers say
The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing — and its campaign is convincing powerful lawmakers on both sides of the aisle.
Wall Street hates REITs like it’s 2009
BofA Securities survey shows that fund managers are staggeringly underweight in real-estate investment trusts.
Silver posts highest close in 11 years, gold at 3-week high as CPI data show slowdown in inflation
Silver futures post their highest settlement since 2013 on Wednesday, and gold futures rallied, after U.S. government data revealed a slowdown in the rate of inflation, feeding expectations for interest-rate cuts this year.
Dell’s stock is having a milestone day. Here’s why Morgan Stanley is so bullish.
Dell’s market value is set to exceed $100 billion if current gains carry through to the close.
AMC meme-stock rally ‘is just pure hype,’ analyst says
This week’s meme-stock rally sent shares of AMC and GameStop skyrocketing, fueled by the return of Keith Gill, also known as Roaring Kitty, to social media.
Retail traders are beating big firms in guessing where U.S. interest rates will go next
A look at how individual traders have performed against their bigger counterparts underscores just how much predictive power lies in the hands of Main Street.
GameStop and AMC’s stock were halted 38 times on Tuesday. This expert has been arguing for decades that halts don’t work.
Charles M.C. Lee, professor emeritus at the Stanford Graduate School of Business, has been questioning the wisdom of trading halts for some time.
Mizuho still recommends Terns Pharma as a cheap entry to the weight-loss-drug craze
Mizuho analysts are betting the stock of the small biotech Terns Pharmaceuticals Inc. could rally sharply if the company’s oral weight-loss drug proves successful when data from an early-stage trial is released later this year.
The soft economic data has been bad. The hard data is starting to weaken as well.
Surveys of consumers as well as businesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.
SunPower’s ‘extreme’ meme-stock surge has this analyst predicting a steep fall
Wolfe Research analyst Steve Fleishman sees darker days ahead for SunPower shares after they’ve gotten caught up in the meme-stock momentum.
‘I feel ashamed’: A real-estate agent says my childhood home smells of dogs, which will put buyers off. Is this a ploy to lower the price?
“I have a very good nose, and it smells like the inside of an air freshener.”
AMC’s high-yield bonds are rallying with the stock and offering yields close to 30%
AMC Entertainment Inc.’s bonds were rallying Tuesday and were the biggest gainers in the high-yield space, swept up by the resumption of the meme-stock trend that took hold of markets on Monday.
Five things to know about meme stocks like GameStop and AMC — and why they’re hot again
Once again, Roaring Kitty is at the center of the meme-stock craze
NYCB sells $5 billion loan book to JPMorgan, an ‘important first step’ in turnaround
NYCB’s stock rises 5% in premarket trading after bank announces deal to sell loans to JPMorgan Chase.
Meme-stock ‘animal spirits’ are overshadowing inflation worries, at least for now
“Animal spirits are alive and well, with traders overlooking concerning inflation data to take advantage of the momentum while it’s intact,” says Tom Bruni of Stocktwits, the social platform for investors and traders.
Retail sales were flat in April, falling below economists’ expectations
Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories.
3M’s new lowered dividend yield is still double the S&P 500’s
3M’s stock pulled back slightly from a 15-month high on Wednesday, after the consumer and industrial products company cut its quarterly dividend by more than half in the wake of the spinoff of its healthcare business.
Oil prices hover near 9-week lows as traders await CPI data
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.
AMC discloses debt-for-equity swap that will see it issue 23.3 million shares
AMC is exchanging stock for bonds that mature in 2026.
Mortgage rates fall for second week in a row, giving a ‘small boost’ to refinances
Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%.
‘I’m weary of repeating myself’: How do I deal with rich friends who take $22,000 cruises and book $800 hotel rooms? Prices are crazy enough already.
“When one friend made a fuss over wanting to fly business class, I threatened to cancel completely.”
Is it worth it to own Treasurys right now? These 5 charts might hold the answer.
Whether or not it makes sense to own Treasurys right now has become one of Wall Street’s favorite debates.
‘I’m torn’: Is it creepy to give my 13-year-old daughter her late grandfather’s iPhone number?
“It would cost about $200 for a refurbished model.”
Burberry’s profits plunge as sales slump on slowing luxury demand
Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.
Red Lobster may file for bankruptcy by end of May: report
Red Lobster is expected to file for bankruptcy by the end of the month, according to a new report, which came a day after the seafood restaurant chain abruptly closed dozens of locations.
OpenAI co-founder Ilya Sutskever is leaving the company
OpenAI co-founder and chief scientist Ilya Sutskever is leaving the company, months after losing his board seat following an attempt to oust CEO Sam Altman.
Child care is now more expensive than rent in all 50 states — ‘There is no escaping it’
The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.
Aeroméxico files NYSE IPO with backing from Apollo, Delta Air Lines
Mexico City-based carrier emerged from bankruptcy in 2022 and is generating profits.
AMC completed sale $250 million of stock Monday after meme-stock rally
AMC’s stock is surging at a frenzied pace.
April CPI unlikely to show much progress on inflation, but it probably didn’t get worse
Inflation in the U.S. is still stubbornly high, and the April report on consumer prices is unlikely to show Americans getting much relief.
GameStop in 2024: Another meme-stock bubble or did apes never leave?
The surge in GameStop may bring back memories of early 2021, but today’s investment landscape is fundamentally different.
Stock market could suffer ‘ugly’ day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a “good, bad or ugly” market response to Wednesday’s CPI data.
Home Depot’s sales fall short of estimates as spring selling season sees delayed start
Home Depot Inc.’s stock was down 0.9% Tuesday, after the home-improvement retailer beat profit estimates for the first quarter but saw sales fall slightly short as the spring selling season got off to a delayed start.
Bud Light boycott may be losing steam as beer brand holds on to more store shelf space than expected: analyst
Bud Light will continue losing shelf space this summer in the wake of last year’s boycott of the brand, which stemmed from a promotion featuring transgender influencer Dylan Mulvaney, but it won’t lose as much as expected, according to one analyst.
Charles Schwab’s total client assets dip 3% during tax season
Money manager cites “client tax disbursements and seasonal advisory fee payments” for drop.
Alibaba’s stock slumps after another profit miss
Alibaba edged past revenue expectations for its latest quarter but fell short on profit, sending its stock lower in Tuesday’s premarket action.
GameStop still soaring on meme rally, but beware the end of the ‘buying frenzy’
Shares of GameStop Corp. have skyrocketed in the last two days, lifted by the return of influential investor and analyst Keith Gill to social media, but investors should beware the end of the “buying frenzy,” say experts.
Homes are overvalued in much of the U.S. — with these 5 states leading the list
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
Powell says he expects inflation to move down but isn’t completely confident in this forecast
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months.
Fixing Social Security is not hard, and everybody would feel better
Trustees Report still shows 75-year deficits and exhaustion of trust fund in early 2030s
Plug Power’s stock jumps 60% after long-awaited funding announcement
Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain.
Delivery Hero shares rally on deal to sell Taiwan business, and a stake, to Uber
Delivery Hero shares rallied Tuesday as the German-listed food delivery company agreed to sell its Taiwan business, and a minority stake, to Uber Technologies.
Wholesale inflation surges again, PPI shows. Inflation still sticky.
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.
Revenue and rankings: Inside the multibillion-dollar industry shaping college admissions.
Critics say the enrollment-management sector has pushed colleges to prioritize money and school rankings at the expense of some students.
Here’s how high Biden’s new tariffs on Chinese EVs, chips, medical gear go
President Joe Biden’s administration on Tuesday rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from that country.
Oil prices flat as traders await U.S. inflation data; OPEC forecasts unchanged
Oil futures hover near unchanged after OPEC leaves forecasts unchanged.
These stocks could see ‘immense’ profits as Canada’s economy sinks, says veteran trader
Veteran trader Kevin Muir is really bearish on Canada, and offers a couple ways for investors to play that.
‘They left nothing except junk’: My brother and his wife emptied our father’s house. It stands empty years after his passing. What can be done?
“The house’s tax payments remain two years behind, amounting to several thousand dollars.”
Would you buy a burger from Pizza Hut? The chain is adding one to its menu.
A look at the challenges restaurants can face when stepping outside their comfort zones.
On Holdings more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.
Shein and Rasperberry Pi IPOs could drive new wave of London floats, analyst says
The computer maker and fast-fashion retailer could both announce plans to float on the London Stock Exchange in a matter of days, as they seek to capitalize on a strong-run in the U.K.’s main bourse
GameStop shares surge for a second day
GameStop shares rallied in premarket trade for a second day on Tuesday, extending gains when the investor most linked to the company’s 2021 explosion had a social-media post for the first time in three years.
Sabadell suspends buybacks after BBVA takeover approach
Banco de Sabadell is temporarily suspending its share buyback program at the Spanish market regulator’s request following Banco Bilbao Vizcaya Argentaria’s hostile takeover approach.
Roaring Kitty rides again: ‘Gamification’ may be back in GameStop’s meme-stock rally
Keith Gill, known as Roaring Kitty, made his return to social media Sunday, sparking a meme-stock rally that sent shares of GameStop skyrocketing.
The economy could be heading toward 1970s-style stagflation. What it means for the stock market.
The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation — and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research.
OpenAI launches new ‘flagship’ GPT-4o model, touting improved speed and performance
OpenAI has unveiled GPT-4o, the company’s latest “flagship” artificial-intelligence model, which it said offers improvements in speed and performance.
J&J’s $13 billion bid for Shockwave turns to Wall Street for funding
Deal making on Wall Street remains robust despite the Federal Reserve’s rate hikes since 2022.
Kraft Heinz exploring sale of Oscar Mayer brand that could be worth up to $5 billion: Wall Street Journal
Kraft Heinz Co. has hired financial advisers to help explore a possible sale of its Oscar Mayer unit, which makes hot dogs, cold cuts and bacon, the Wall Street Journal reported Monday, citing people familiar with the matter.
UBS chief Sergio Ermotti worries about potential ‘systemic risk’ from inflation
UBS Group Chief Executive Sergio Ermotti said Monday that he continues to worry about the long-term impact of inflation, but added that the global economy remains mostly stable for now.
Delta wins highest praise as HSBC launches U.S. airline coverage
Delta Air Lines Inc. drew praise as the strongest competitor among U.S. air carriers as HSBC on Monday initiated coverage of four big carriers amid an uptick in corporate travel.
Counterfeit pills containing fentanyl flooding the U.S., studies show
Over 115 million pills seized by law enforcement in the U.S. last year contained fentanyl — a figure that’s more than 2,300 times greater than 2017 levels.
Gold futures on track for biggest one-day loss for the month
Gold futures on Monday look to post their biggest single-session loss this month so far, with prices easing back after ending last week their highest in three weeks.
Why Wednesday’s CPI report is taking on outsize importance in the financial market
Traders, investors and Federal Reserve policy makers alike are often loath to put too much emphasis on any single piece of data, but Wednesday’s consumer-price index for April may be a bit different.
BHP says Anglo American has rejected a revised $42.6 billion takeover offer
“The ball is in BHP’s court until the 22 May put up or shut up deadline,” one group of analysts said.
Icahn Enterprises to offer $500 million of high-yield six-year bonds
Proceeds will be used to redeem the 6.375% notes that mature in 2025
Fed’s Jefferson says slowing progress on inflation is ‘a source of concern’
The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows the Federal Reserve to maintain downward pressure on demand until price pressures cool, Federal Reserve Vice Chairman Philip Jefferson said on Monday.
AMC’s stock surges along with fellow meme stock GameStop as Roaring Kitty returns
AMC shares were set to surge — and meme stocks are again in the spotlight following Roaring Kitty’s return to social media.
Intel rises in premarket on report of $11 billion Apollo investment in new chip plant
Apollo is front-runner on deal after it outshines KKR and Stonepeak, according to a WSJ report.
Nvidia’s stock can soar 50% more as earnings power still isn’t priced in — HSBC
Nvidia’s stock was on track to rise Monday, as HSBC analyst Frank Lee said despite its continued big rally this year, investors are still significantly underestimating the artificial intelligence plays earnings potential.
Kenvue’s stock falls after company announces 182.3 million secondary stock offering
The company is not selling the shares and will not receive any proceeds from the sale or from a debt-for-equity exchange planned with Johnson & Johnson.
Squarespace’s stock soars after $6.9 billion buyout deal with Permira
Squarespace’s stock shot higher Monday after the online brand-building platform for businesses agreed to be acquired by private-equity firm Permira in a cash deal valued at $6.9 billion.
Who goes out to eat at restaurants? Increasingly, mostly wealthier people.
High-income people continue to dine in restaurants, while others are cutting back.
Oil prices edge higher to kick off the week
Oil futures edge higher Monday after ending last week on a down note.
The next 500 points for the S&P 500 are down, says Stifel. Here’s why.
The next 500 points for the S&P 500 are down, says Stifel. Here’s why.
Tesla owners and non-owners have radically different opinions about the company, poll finds
America is polarized, with either side on an island seeing things very differently about…an electric car company?
Drew Barrymore’s charming converted barn estate in the Hamptons is listed for $8.5 million
There will be one less celebrity in the Hamptons this summer if Drew Barrymore finds a buyer for her ritzy East End place on Long Island.
Amazon and Microsoft to spend billions in France as Macron summit kicks off
Amazon said it will invest in building out cloud computing infrastructure in anticipation of growing demand from the artificial intelligence sector
Why the global platinum is headed for a second straight yearly deficit
Global platinum supply will fall short of demand for a second straight year, with the World Platinum Investment Council forecasting a near-record deficit for 2024 because of weak growth in supplies and a climb in first quarter automotive demand to the highest in seven...
Roaring Kitty is back, and GameStop stock is rallying. The company still is struggling to make money.
Keith Gill is back on social media, and GameStop stock is surging.
Inflation trap? Stock market’s near-record run faces the most crucial CPI reading of 2024
These ideas could help protect your portfolio from stubborn levels of inflation
Big retailers report as Q1 earnings wind down. This company has been the biggest drag on the S&P 500’s results.
Groceries and houses are still way more expensive than they were before the pandemic. This week, two of the nation’s largest retailers — Walmart Inc. and Home Depot Inc. — will probably have more to say about it.
IVF treatment demand drops after Alabama ruling, and Progyny’s stock tumbles
Progyny’s stock tumbled Friday after the fertility-services company said the Supreme Court of Alabama’s February ruling regarding in vitro fertilization seemed to scare off some potential customers.
Will Social Security still be around when you retire? That’s at least a $500,000 question.
If you’re worried about the projected shortfall that will come in 2035, here’s how to do the math on your own retirement-success chances.
I’m 62, own a home, have an IRA, HSA and CDs, but I’m conservative. How do I take my money out when I retire?
“I don’t yet have a good strategy for liquidating my current assets for income.”
If the economic outlook is so good, why are people tapping their 401(k)s?
Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plans
The hot new hangout for retirees: senior centers
Modernized senior centers offer activities and community for a growing population
The real winner of the Drake-Kendrick Lamar feud is Chinese restaurant New Ho King
The rap beef between Drake and Kendrick Lamar is leading to more sales of, well, beef.
Sorry, Elon: Warren Buffett won’t be buying Tesla stock
Tesla doesn’t fit the Berkshire Hathaway formula.
The Fed should let Treasury yields rise and end its obsession with lower rates
Higher interest rates are actually healthy for stocks and the economy.
Meme-stock OG GameStop is sparking memories of the heady days of 2021
GameStop Corp.’s surging share price has been sparking memories of the videogame retailer’s meme-stock heyday three years ago.
Extending Trump-era tax-code overhaul could stick these 6 groups with a big bill
The strategy of funding tax cuts with debt may no longer be feasible.
‘Looking for a small miracle!’ This couple used a newspaper ad to find an affordable, accessible place to live.
The couple found the statistical needle in a haystack — but the fix is temporary.
I’m 67 with $25,000 saved for retirement, but I just got a big pay raise. Should I claim Social Security now while I’m still working?
“I don’t have a financial adviser because no one‘s going to take $25,000.”
Some retirees like to be alone — is that a bad thing?
Is flying solo bad for your health?
Why a less chaotic bond market could signal potential stock-buying opportunities
Volatility in the world’s largest bond market has experienced a downward trend in 2024 — a welcome sign for stock investors, as a relatively quiet government-debt market could offer buying opportunities in U.S. equities, according to Ned Davis Research.
This Social Security rule change could help millions of people who get food benefits
Under a new rule, people receiving and applying for Supplemental Security Income will now have an easier time getting benefits.
I’m a 42-year-old single mom of 8 who gave away all my money. I’m tired of struggling. What do I do?
‘I am finally reviewing my financial life and have clearly made many mistakes’
My property-tax bill spiked 40%. I fought the city — and won. Can I get tax write-offs for my time and costs?
Mad about your property taxes? Join the club.
How the S&P 500’s return over the next decade could average just 1% a year
The danger to stocks from abnormally high profit margins.
Home prices keep climbing nationally, but they’re falling in these 15 markets
Home prices see growth in 93% of U.S. metropolitan areas despite ‘highest mortgage rates in two decades,’ National Association of Realtors says says.
Apple’s AI future can be summed up with a big question mark
How will ‘Apple Intelligence’ differ from Google, Amazon and other rivals?
Can good coffee help fix the office? Corporations think it helps.
The U.S. office market still needs a bigger fix as values of distressed buildings fall by half.
This Mother’s Day gift is a guaranteed hit — and costs $0
Here’s what I didn’t understand about motherhood until I became a parent myself.
As stocks near record highs, a sense of complacency is returning to the options market
A sense of complacency that pervaded options markets during the first quarter is returning, as stocks have resumed their march toward record highs following April’s short-lived selloff.
Apple refreshes iPad Air and iPad Pro lineups — while talking up AI
Apple announced a refreshed tablet lineup Tuesday on what Chief Executive Tim Cook called the “biggest day for iPad since its introduction.”
Global stocks are no longer a monolith. Why India and Japan ETFs are drawing investors into single-country funds in 2024.
U.S. investors are snapping up ETFs with a single country focus in 2024, dumping multinational funds and bypassing China’s market in favor of other emerging nations with stronger growth prospects.
Subsidized internet and online-safety measures fail to make it into FAA bill
Democrats and Republicans in the U.S. Senate floated a number of closely watched measures for inclusion in a key bill that authorizes the Federal Aviation Administration — but in the end, supporters of the measures were left disappointed.
Is this the worst Mother’s Day gift ever? ‘I’ve been happily married for six years, but that could change after my husband’s “generous” suggestion.’
“I work full-time. We usually take turns picking up our child from daycare, but this rubbed me the wrong way.”
Why Alphabet investors shouldn’t worry about OpenAI’s search engine — for now
Competition in search looms, but whether it will it be a big improvement is the big question.
Oil prices mark modest moves for the week with supply-and-demand risks in focus
Oil futures ended lower on Friday, but U.S. and global benchmark prices made only modest moves for the week as traders weighed demand prospects as well as risks to supplies in the Middle East.
Blink Charging’s stock rallies as CEO talks about Tesla layoffs and EV demand
Shares of Blink Charging Co. rallied Friday after the provider of electric-vehicle charging equipment and services suggested the recent news regarding Tesla Inc.’s Supercharger unit was actually good for business.
Gold prices settle at 3-week high as ‘soft’ U.S. data support rate cuts this year
Gold futures climb sharply on Friday to settle at their highest in three weeks, as downbeat U.S. economic data supported the likelihood of Federal Reserve interest-rate cuts this year.
For Mother’s Day, 5 economists share the best financial advice their moms gave them
For Mother’s Day, MarketWatch asked five economists about the financial lessons their moms imparted.
Democratic congressman warns crypto may become winning issue for GOP after Trump voices support
Democratic Congressman Wiley Nickel’s remarks came after presumptive Republican presidential nominee Donald Trump expressed support for cryptocurrencies — and criticized the Biden administration’s efforts to regulate digital assets.
Does Goldman’s hiring of Fed veteran Kaplan presage a Vampire Squid sequel?
Kaplan, as head of the Dallas Fed and an FOMC member, was revealed to have been active in the stock market at the outset of the pandemic.
Jim Simons, considered one of the world’s greatest investors, dead at 86
Billionaire investor Jim Simons, a mathematician who founded one of the most profitable investment firms of all time and pioneered the field of quantitative investing, has died at the age of 86.
Here’s how Apple might take AI to the next level
Also, new index ETFs to help investors narrow their focus and an interview with Maurice Saatchi.
Biden wants ‘tax fairness’ as cuts expire next year. Here’s who would pay more.
A top aide to President Joe Biden on Friday cast a battle over expiring tax cuts as a fight for fairness, saying corporations and top earners should contribute more.
Zeekr to go public, with China-based EV maker valued at more than $5 billion
Investors will have another way to ride the electric-vehicle sector on Friday, as China-based Zeekr Intelligent Technology Holding Ltd. is set to go public with a market valuation of more than $5 billion.
U.S. consumer sentiment sours in May
The University of Michigan’s gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month.
Novavax shares more than double on Sanofi’s $1.4 billion investment for combo vaccine
The French pharmaceutical giant will work with Novavax to commercialize its existing COVI-19 vaccine and help develop a new combined vaccine for both COVID-19 and Influenza
Moderna says FDA will not complete review of RSV vaccine by May 12 deadline
The FDA cited administrative constraints for the delay, Cambridge, Mass.-based Moderna said in a statement.
My 19-year-old son wants to get married so Uncle Sam will ‘kick in more scratch’ for his girlfriend’s financial aid. Is this a terrible idea?
“She wants to join my son at his private liberal-arts college that costs $83,000 a year.”
Sweetgreen’s stock soars as analysts welcome nationwide rollout of steak dishes
Management has adapted well to the new normal of the operating and consumer environment and has got back to executing growth strategies aggressively, analysts said.
It’s been a century since corporate bonds have outperformed government debt like this
It’s been at least a century since corporate bonds have outperformed government bonds to the degree that has been happening now.
‘No return’ left for U.S. stock market in 2024, says Goldman’s David Kostin
The U.S. stock market’s climb this year probably has stalled for the rest of 2024, even as investors remain optimistic that companies stand to benefit from the adoption of artificial intelligence, according to Goldman Sachs Group’s David Kostin.
This time surging utility stocks are a danger to themselves but not the wider market
A powerful rally in the utilities sector is not a worry for the wider market this time
Gold prices soar to best level in weeks as weak jobs data drives rate-cut hopes
Weak weekly jobless claims has pushed more hopes for Fed rate cuts, driving gold prices to levels not seen in weeks on Friday.
The surprising reason why utilities stocks have suddenly transformed into the hottest sector on Wall Street
It has little to do with the economy — and a lot to do with who will benefit from the rise of artificial intelligence.
Apple apologizes for new iPad ad that shows musical instruments being crushed
The Silicon Valley tech giant faced widespread backlash over its ad for the iPad pro
Eurozone stocks are at their highest in 16 years. UBS now prefers Europe over U.S. equities.
UBS strategists led by Andrew Garthwaite say they now prefer European stocks over their U.S. counterparts — though it should be said, to only the middle of its regional scorecard
China EV makers under pressure after reports Biden aiming tariffs at the sector
Shares of NIO and Li Auto were falling in premarket trading on Friday after reports that the Biden administration could be ready to roll out fresh tariffs on China EVs and other sectors.
Bob Barker’s Hollywood Hills estate sells for the right price: almost $3.8 million
The home of the TV host, who died in 2023, landed on the market in March and was quickly snapped up for $800K over the asking price.
Dropbox’s results get a break from investors after big selloff in February
After taking a big hit during its last round of earnings, shares of Dropbox Inc. rose on Thursday after the online-storage platform reported first-quarter results that topped Wall Street’s estimates.
U.K. exits brief recession with stronger-than-forecast 0.6% growth in first quarter
The U.K. saw its fastest growth since late 2021, with a 0.6% rise in the first quarter of 2024.
Why are millions of people paying for Robinhood Gold?
A jump in paid subscriptions via Robinhood’s Gold program raises the question: are people willing to pay for ‘free’ trades.
What Uniqlo’s ‘millennial Birkin’ bag going viral again says about shoppers right now
We’re broke, picky and carrying a lot of baggage.
Papa John’s sold more pizza, but people pulled back on sides and drinks
Papa John’s stock sank toward a four-year low Thursday, after the pizza chain reported the biggest quarterly revenue miss in more than five years, amid a decline in the number of transactions and deliveries.
Planet Fitness’ stock rallies after company unveils first price hike in 30 years
Planet Fitness Inc.’s stock reversed early losses to trade up 8% Thursday, as investors looked past a revenue shortfall and lowered guidance to focus on a price hike and other positives from the earnings call.
This market rally could carry stocks to new all-time highs
Buy signals are appearing, but an oversold bounce can’t be ruled out.
AMC is gaining market share, but debt sparks analyst concern
AMC, the movie-theater chain that obtained meme-stock status, has billions of dollars in debt due in the next few years.
‘My brother and sister are villains’: My siblings took control of my late mother’s estate and won’t reveal the contents of her trust. What should I do?
“They were always thick as thieves, and we were never what you would call close, but I never would have suspected them of this.”
Federal student loan interest rates set to be highest in more than a decade
Students heading to college this year could wind up paying more for their schooling than those in the recent past. That’s because federal student loan interest rates are set to be the highest they’ve been in more than a decade.
Cronos’s stock leaps as strong cannabis-flower sales lead to record revenue
Shares of Cronos Group Inc. traded sharply higher Thursday after the cannabis company, citing strength in flower sales, reported first-quarter revenue that rose to a record and beat expectations.
Americans may be living longer — but they don’t expect to keep working
COVID-19’s impact on retirement expectations could affect the labor market in years to come, the New York Fed says.
Oil futures extend rise seen after drop in U.S. crude inventories
Oil futures traded higher Thursday, building on a bounce seen after data the previous session showed a drop in crude inventories.
Nvidia, Micron and Super Micro among companies that shine in Wall Street’s ‘beat-and-raise’ game
Investors should look at the numbers behind rising share prices.
Roblox’s stock tumbles after a big revenue miss, engagement weakness
Roblox Corp.’s stock tumbled Thursday after the online gaming company reported first-quarter revenue that was well below expectations and provided a downbeat current-quarter outlook.
Coach, Kate Spade parent reports revenue miss amid weakness in North America
Tapestry’s stock dropped toward a four-month low in premarket trading Thursday, after the fashion company reported fiscal third-quarter revenue that fell short of expectations, with the Coach brand’s in-line sales offset by misses by Kate Spade and Stuart Weitzman.
FTSE 100 hits fresh record as Bank of England signals summer rate cut
The prospect of lower borrowing costs helped push U.K. stocks to a fresh record high on Thursday.
Jobless claims climb sharply to highest level in nine months
Initial jobless claims rose by 22,000 to 231,000 in the week ended May 4, the Labor Department said Thursday. That’s the highest level since last August.
Advertising legend Maurice Saatchi says big companies are ‘now worse than Big Government’
The man behind many memorable ad campaigns has written a new book, ‘Orgasm,’ that aims to challenge some widely held political, societal and financial beliefs
Companies race to borrow ahead of the Biden-Trump election, with costs of 2017 tax cuts in focus
“There’s obviously concerns about volatility coming into the election,” said Leslie Falconio, head of taxable fixed-income strategy, UBS Wealth Management.
Bond yields and the pound fall as two Bank of England members vote for cut
U.K. bond yields and the British pound slipped on Thursday as the Bank of England saw two voters prefer an interest-rate cut.
Three overlooked stocks from a Spanish quant: ‘Now is not a time everyone is going to win.’
Nicole Sophie Gómez Adenis, US Equities and MultiAsset portfolio manager at Mapfre Asset Management offers three overlooked stocks, and AI is just a part of their stories.
‘I received accolades’: I reported a toxic coworker who threatened me — and I was terminated after 7 years of stellar employment. What can I do?
“Part of my job was to negotiate and sign contracts on behalf of the organization, such as hotel points.”
The multi-talented 2025 BMW X5 stands out among midsize luxury SUVs
The 2025 BMW X5 is an exceptional contender in the midsize luxury SUV arena, with a multi-talented package.
Junior bankers crumble under 90-hour weeks prompting fresh pushback
Investment banks are working their juniors as hard as ever, forcing many into working weeks that stretch beyond 90 hours. This is prompting a fresh pushback from analysts and associates to overhaul work-life balance in the sector, according to conversations with...
Sofia Vergara finally sells her glamorous Beverly Hills estate for a reduced price—$13.7 million
The actress has at last sold her Tuscan mansion after two years of cutting the price.
Neuralink faces problems with first implant ever installed in human brain
Elon Musk’s startup said ‘threads’ that connect the implant to Noland Arbaugh’s brain had ‘retracted’ in the weeks following the surgery
Retail traders are using 0DTE options again — and this is what they’re doing
Retail traders are turning again to the popular, but risky, strategy of trading short-term options.
Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building
LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.
Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.
Apple’s walled ecosystem is under pressure in Europe, but revenue is still protected
Apple is astutely guarding its proprietary golden goose.
Two more reasons for Victoria’s Secret’s troubles? Kim Kardashian and Rihanna, analyst suggests.
Analysts are worried about Victoria’s Secret losing market share — potentially to brands from celebrities like Kim Kardashian and Rihanna — and cutting prices in an effort to spur demand.
U.S. prosecutors are examining whether Tesla committed securities or wire fraud in Autopilot probe: Reuters
Prosecutors are reviewing whether Telsa or CEO Elon Musk told consumers that self-driving technology means cars can drive themselves.
Boeing’s Starliner launch pushed back to May 17 for first crewed mission
The historic first crewed launch of Boeing Co.’s Starliner spacecraft will take place no earlier than May 17, after Monday’s launch attempt was scrubbed two hours before takeoff.
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.
Angry shoppers are fighting back against inflation — even the wealthy ones. Companies are feeling it.
“Let’s stop buying from these jokers,” one consumer said. “I bet they reduce these prices real quick.”
Don’t even think about renting in NYC or Boston unless you make well over $100,000 a year
A new Zillow report reveals exactly how much annual income someone needs to comfortably pay the exorbitant housing costs in the Big Apple and other major cities.
Icahn Enterprises says it will keep paying its $1 quarterly dividend
Carl Icahn’s investing arm narrowed its loss in the first quarter even as revenue fell.
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.
Intel’s stock drops after U.S. revokes licenses for exports to China customer
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.
Affirm’s upbeat earnings reflect differentiated buy-now-pay-later approach
Affirm, the buy-now-pay-later company, issued upbeat results and guidance.
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”
These are the potential ‘shock’ scenarios around next week’s inflation data, says Goldman Sachs
Next week’s CPI data could “shock” the market in a couple of ways, cautions Goldman Sachs.
Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.
Applebee’s, IHOP parent has rare profit miss as consumers remain price sensitive
Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.
Oil prices slump after industry data shows rise in U.S. crude inventories
Oil futures traded lower after industry data showed a rise in U.S. crude and product inventories.
Here’s an investment strategy geared to give you a smooth ride down Wall Street
Why slow and steady really does win the race.
Toyota profit surges amid hybrid demand as BMW sees net income slump
Toyota said a combination of higher sales and stronger margins saw it more than double its profits in the first quarter of 2024, as its rival BMW saw its profits slump
China rally has further room to run, Bank of America options analysts say
The rally in Chinese stocks may have legs because options traders have yet to chase it, say analysts at Bank of America.
‘I got seriously burned’: My financial adviser took me for lunch, bought my kids gifts — and had me invest $500,000 in annuities. What should I do?
“When I finally learned I’d been scammed, it took me a decade to pull my money out of the various annuities little by little, year by year.”
Former Google CEO lists his $24.5 million estate in the country’s most expensive ZIP Code
Tech titan Eric Schmidt and his wife Wendy Schmidt are selling their lavish abode in Atherton, Calif.
Sweden becomes second major central bank to cut rates
The dollar rallied against the Swedish krona on Thursday after Sweden’s Riksbank became the second major central bank to cut interest rates this cycle.
‘I want to die “young” as late as possible,’ says 83-year-old triathlete doctor who reinvented himself after a midlife crisis
Joseph Maroon says he’s too busy to slow down.
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.