Stocks
Rising bond yields haven’t kept tech stocks from outperforming — and have created this buying opportunity, says BlackRock
This year’s rise in Treasury yields hasn’t keep technology stocks from outperforming, while for bond investors, higher interest rates present a buying opportunity, according to BlackRock.
This ETF is beating the S&P 500 — and it’s completely different from the index
It is easy to add an exchange-traded fund to broaden your portfolio and possibly reduce your risk.
Nearly 55,000 home sellers to receive $62 million in refunds from Opendoor
The Federal Trade Commission is sending checks to nearly 55,000 sellers who sold their homes to Opendoor after the iBuyer settled a lawsuit alleging deceptive practices.
High-stakes job report has stock market investors ‘on edge’ — here’s why
Here’s what it might take for April jobs data to sink stocks — or spark a relief rally.
Fed’s Goolsbee says hot inflation readings ‘should not knock us off path’ back to 2% target
Large increases in labor force participation and immigration should start to bring down core services inflation, the Chicago Fed president said.
These purchases are ‘100% worth’ the high price, Reddit users say. We asked the experts.
From tooth fillings to concert tickets, here’s what they said about which expenses are actually worth splurging on.
Elon Musk’s comments ‘have no relevance to the Walt Disney Company’, Iger says
The day after Walt Disney Co. vanquished an activist investor challenge to its board, an emboldened company chief executive Bob Iger dismissed the ability of the actions of Elon Musk to sway shareholders.
Cash won’t flee money-market funds if the Fed gets its soft landing
Unlike much of the past half-century, the Federal Reserve isn’t facing a crisis or drastic rate cuts.
Walmart recalls some ‘Mini Choppers’ after some started chopping on their own
Walmart is recalling more than 50,000 Mainstays Electric Mini Choppers, because of multiple reports of cuts from the blade, with some requiring stitches.
Want to work part time in retirement? These are the 5 top cities to do it.
There are financial, physical and social benefits to working in retirement, and these cities could be good places to work.
Diabetes medication appears to slow progress of Parkinson’s disease in French-backed trial
A Type 2 diabetes medication called lixisenatide appeared to slow the progression of Parkinson’s disease symptoms in a small, mid-stage trial funded by the French Ministry of Health.
Alaska Air was paid $160 million in cash by Boeing for the 737 Max 9 issues
Alaska Air said it lost more in the first quarter than it previously estimated, but only because it changed how it recorded cash received from Boeing Co., as compensation losses suffered from the groundings of 737 Max 9 jets.
Proxy adviser ISS says Goldman should separate chairman and chief executive roles in challenge to David Solomon: report
Institutional Shareholder Services is recommending shareholders vote in favor of a measure to separate the chairman and chief executive officer roles currently held by Goldman Sachs Group Inc.’s David Solomon in a challenge to the big bank’s leadership, Reuters...
Conagra’s stock jumps as sales trend, profit margins improve
Parent company of Duncan Hines and Hunt’s Ketchup products beats quarterly profit and sales expectations, amid strength in its grocery and snacks business
Veteran strategist says grab your hammer and pick — gold is headed to $3,000
Investors need an “aggressive” overweight for gold, says the president of Rosenberg Research, David Rosenberg.
Intuitive Machines’ stock surges, boosted by $30 million NASA lunar rover contract
Intuitive Machines made history earlier this year with the first commercial lander to successfully reach the moon.
I’m 67 and upgrading to a $455,000 home with a 6.2% mortgage rate. My former house had a 3.7% rate. Am I crazy?
“Our combined Social Security and pensions provide us with an income of $176,000 per year.”
‘I have been propping her up for 15 years’: My niece, 35, is horrible with money. How can I help her become financially responsible?
“I told them I would give them some financial advice for a wedding present.”
Oil prices steady after 4-day winning streak
Oil futures consolidate early Thursday, coming off a four-day winning streak fueled by geopolitical fears and supply concerns.
California’s fast-food workers are now among the highest paid in the U.S. They still don’t make nearly enough to buy a house.
The typical home buyer would need to make nearly $200,000 a year to afford to buy in California, one analysis reveals.
Bitcoin in a 60/40 portfolio doesn’t add much volatility, fund manager finds
The fund manager WisdomTree ran the numbers on adding bitcoin to a 60/40 portfolio and found that its inclusion doesn’t add too much volatility.
Gucci owner Kering buys property in Milan fashion district for $1.4 billion
Kering is buying a historic building in Milan’s fashion district for roughly 1.3 billion euros ($1.41 billion), expanding its presence in one of the world’s most iconic avenues.
This investor says Tesla’s worth $14 per share — and if it fell that far, it’d go bust
Tesla’s had a bad year. This investor expects it to get a lot, lot worse.
Google considers charging customers to use new AI powered search tools: report
The plans would see Google put search engine features behind a paywall for the first time in its 25-year history
Volvo Car sales rose 25% in March to hit monthly record
Volvo Car said Thursday that it sold a record high number of cars in a single month in March as sales rose 25% on the year.
Where home prices are falling — and which housing markets are most overvalued, according to three experts
Home prices continue to climb nationally, but some markets — particularly in the South — are slowing down.
Amazon to slash hundreds of jobs in its AWS cloud-computing business
Amazon.com Inc. is trimming hundreds of jobs from its AWS cloud-computing business in its latest round of layoffs aimed at slashing costs.
Hycroft Mining shares are higher than investor AMC’s after skyrocketing this week
Shares of Hycroft Mining Holding Corp. are now trading higher than shares of cinema chain AMC Entertainment Holdings Inc., which stunned Wall Street when it made a $29.7 million investment in the gold and silver miner in 2022.
The company he keeps: How an investor got nabbed insider trading on Trump’s ‘DJT’ stock merger
The insider trading move that nearly scotched the recent multi-billion dollar merger of Donald Trump’s media business with a blank check company, began coming unwound following an ill-conceived phone call.
Options traders see rising risk of Fed rate hike following oil rally, solid U.S. data
A combination of healthy economic data and a rally in oil is renewing the risk of what one major Wall Street bank calls a “hawkish negative surprise” by the Federal Reserve and other central banks.
AI chip company GSI Technology continues rally after launching new products
Shares of chip maker GSI Technology Inc., an increasingly popular artificial-intelligence play, were climbing 8.8% Wednesday — continuing a rally fueled by the launch of new server products this week.
Ulta Beauty’s stock is on pace for its biggest drop in four years. Executives blame this ‘soup of activity’ for slowing demand.
The slowdown had occurred “a bit earlier” and was “a bit bigger than we thought,” the company’s CEO says.
Trendy cryptos like Dogwifhat ride meme coin comeback — don’t get too excited
Meme coins are back in the spotlight. Be aware of the risks.
Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump
Fed Chair Jerome Powell was cautious about interest-rate policy in remarks on Wednesday.
AI means a ‘four-day workweek is coming’ for most, says investor Steve Cohen
AI is a ‘transformational’ technology that will create big winners and big losers, says hedge-fund titan Steve Cohen.
Costco jumps on the weight-loss bandwagon with $179-for-three-months program
Other companies now offering access to the popular new class of weight-loss drugs include WW International Inc., the company formerly known as Weight Watchers International.
This worker was demoted at age 68 and her pay was cut 30%. She’s fighting back.
A gerontologist says she’s a victim of age discrimination and has advice for other older workers.
Cathie Wood touts $2,000 Tesla price target, says ‘now is not the time to run for the hills’ as stock craters
Wood has been a bull of Tesla for a long time.
Oil prices extend gains after industry data shows fall in U.S. crude inventories
Oil futures build on gains Wednesday after ending the previous session at the highest since late October.
Costco, Lowe’s, Five Below, Dollar Tree downgraded due to ‘extreme’ valuations
Group of retailers currently appears to be “price for perfection,” even with positive economic outlook, analyst said.
‘We were getting crushed’: Millennials reclaim the title of biggest home-buying generation, but boomers still have an upper hand
In the competitive and expensive U.S. housing market, millennials are beating baby boomers on home buying, according to a new report by the National Association of Realtors.
Here’s why SoFi’s stock racked up a rare bullish call
SoFi has a relatively small bull camp among Wall Street analysts, but that gang just got a little bit bigger.
Lightspeed to cut labor costs by 10%, but will buy back up to 10% of its stock
Lightspeed Commerce ‘s stock rose Wednesday, after the Canada-based provider of point-of-sale software announced plans to cut labor costs by 10%, but also buy back 10% of its stock.
Regular financial-health checkups are as important as annual physicals
Make sure you don’t simply set and forget your financial life.
Mortgage rates stay near 7% — but some buyers are landing low-6% rates. Here’s how.
Mortgage applications fell 0.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.91%.
A crisis of young American men will cause house prices to correct by 20%, this famous analyst says
Meredith Whitney, known for her prescient calls as a bank-sector analyst, expects house prices to slide.
I’m 74, if I went back to work could I get out of my RMD?
‘I would be partially unretired’
‘At what point do you know if you’re throwing money away?’ I’m paying 1% to my financial adviser. Is this even worth it?
Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.
‘Please don’t judge me’: I’m 54, and married with 5 kids. I have $20,000 in debt and $20,000 in mutual funds. I just inherited $10,000. How do I invest it?
“There was a lot going on and I have lots of regrets, but I can’t go back and change anything.”
Paramount shares rise on report it’s considering exclusive sale talks with Skydance
Shares of Paramount Global rose in after-hours trading Tuesday following a report that the media giant may soon be one step closer to selling.
Ken Griffin’s Citadel hedge fund outstrips rivals with gains in first quarter: report
The Miami hedge fund outperformed rivals in generating positive returns across all its funds
My elderly parents are hoarders. I see them once a year. They say cleaning up their ‘junk’ will be my problem after they die. What can I do?
“They have lived in the same house in New Jersey for 50 years and they don’t throw anything away.”
U.S. oil benchmark tops $85 a barrel, hits highest level since October as Middle East tensions escalate
The benchmark U.S. oil contract ended above $85 a barrel for the first time since October on fears of escalating geopolitical tensions.
Wells Fargo, JPMorgan named top picks by Goldman Sachs for potential first-quarter upside surprise
Analysts see Wells Fargo and JPMorgan Chase potentially outshining Morgan Stanley, Citi, PNC, U.S. Bancorp and Bank of America.
VivoPower’s stock rockets four-fold after deal to sell Tembo EV subsidiary for a big gain
Shares of VivoPower International PLC took off on Tuesday, after the U.K.-based sustainable-energy company announced a deal to sell its electric-utility-vehicle subsidiary Tembo for a big profit.
Shares of GSI Technology, which sparked meme-like buzz, surge on new products
GSI Technology’s stock, which sparked a meme-like buzz last year, is skyrocketing Tuesday
Daly says there’s ‘no urgency’ for the Fed to cut U.S. interest rates
Daly stills sees ‘path’ to reduce borrowing costs in 2024
Cal-Maine detects bird flu at a Texas plant, affecting 1.6 million laying hens
In total, 3.6% of the egg producer’s overall flock as of March 2 was killed as the company follows USDA protocols for dealing with the highly pathogenic virus.
Reflation trade may put 10-year Treasury yield on path back to 4.5%-5%
After months of rangebound trading, the benchmark 10-year Treasury yield appears to be settling into a pattern similar to what was seen last October, when the rate soared to its highest level since 2007 and briefly burst through 5%.
Yellen to visit China and press Beijing to rein in flood of cheap goods
Treasury Secretary Janet Yellen is headed to China Wednesday, days after calling out the country’s ramped-up production in solar energy, electric vehicles and other goods.
Fed’s Mester says she won’t back a rate cut in May
“At this point, I think the bigger risk would be to begin reducing the funds rate too early.”
Paychex sees employment growth for clients slow more than expected
Paychex reported Tuesday fiscal third-quarter revenue that came up a bit shy of expectations, and cut its full-year growth outlook, as the human resources outsourcing company said its clients did less hiring than expected.
Amazon and Tesla are ‘conviction’ picks at Wells Fargo — but only one’s bullish
Shares of Amazon and Tesla are among Wells Fargo’s “high-conviction” picks for the second quarter, but the analysts there see those stocks heading in different directions.
Job openings stay at 8.8 million. Labor market still plenty robust.
The number of job openings in the U.S. totaled 8.8 million in February for the second month in a row, showing a labor market with plenty of residual strength.
GE Vernova debuts on NYSE, as spinoff from GE’s aerospace-only unit completes
GE Aerospace and GE Vernova begin life Tuesday as two, separate stocks as they ring the opening bell on the New York Stock Exchange.
AT&T data-breach victims: Here’s something better than credit monitoring — and it’s free
‘The reality of living in 2024 is your information is going to be stolen, so you need to act accordingly’
Hated and cheap: Why Ray Dalio says he’s not giving up on this embattled asset class.
The hedge-fund founder defends his investments in China as others start to warm up to those embattled stocks.
How much will you need to retire? America’s ‘magic number’ surges to $1.46 million
The gap between our goals and reality has never been wider
Schlumberger to spend $7.8 billion in stock to buy ChampionX
Oil services company Schlumberger Ltd. announced Tuesday an agreement to buy chemical and drilling technologies company ChampionX Corp. in an all-stock deal valued at about $7.8 billion.
UL Solutions launches IPO with plans for valuation of up to $5.8 billion
UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.
Tesla deliveries are on deck, but Wall Street gets a somber signal out of China
Tesla’s March sales of China-made EVs in the country were nearly flat from a year before.
Jon Stewart takes on AI, a topic he says Apple wouldn’t let him tackle
Jon Stewart took aim at the burgeoning technology in a segment that aired on Monday night.
Ajax suspends new CEO Alex Kroes over insider trading allegations
The Dutch football club said Kroes decision to buy 17,000 Ajax shares prior to announcement of his new position amounts to insider trading
BlackRock, Vanguard probed over U.S. bank stakes: report
A federal regulator is examining index fund giants over their massive stakes in U.S. banks, according to a published report.
UBS restarts share buybacks with program of up to $2 billion
UBS Group said it plans to repurchase up to $2 billion of its own stock, restarting share buybacks that were put on hold last year due to its acquisition of Credit Suisse.
Country Garden shares suspended from Hong Kong stock exchange
The heavily-indebted property developer halted trading of its shares pending publication of its 2023 results
This boring sector is becoming sexy again
Some of the hardest companies to get excited about are construction companies — but they’re outperforming the market.
Rubrik files for IPO as market continues to display signs of unfreezing
Investors hungry for more technology IPOs look to be getting another one soon, as cybersecurity company Rubrik just filed paperwork for a stock-market debut.
Fidelity to charge $100 servicing fee on some ETFs
Fidelity Investments is planning to charge investors a $100 servicing fee when placing buy orders on exchange-traded funds issued by nine firms.
These 10 college athletes are making over $1 million a year in NIL deals
Iowa’s Caitlin Clark has made more than $3 million from NIL deals, but she’s not the highest earner in the country.
High-flying stocks mean everything to Wall Street — but not Main Street
Microsoft, Nvidia, Apple, Amazon, Meta Platforms and Alphabet aren’t good measures of the U.S. economy’s strength.
Trump Media lost $58.2 million in 2023 and sales totaled just $4.13 million
Numbers revealed in a regulatory filing Monday stand in contrast to company’s $7.7 billion market cap.
The cost of employer-sponsored healthcare appears to have stabilized
Good news for wages and Social Security tax base, but will costs stay flat?
‘I’m guilt-ridden’: Our waitress’s behavior was so egregious that I wrote ‘NO TIP!’ on the check. Was I wrong?
“When is the service so bad that you can actually, in good conscience, refuse to tip?”
Canopy Growth wins ISS support for vote to pave way for entry into U.S. cannabis market
Institutional Shareholder Services, which makes recommendations on shareholder votes, has given a green light for April 12 ballot to create exchangeable shares.
Virginia’s Republican Gov. Youngkin and GOP policy panel both say ‘no’ to cannabis
Virginia Republican Gov. Glenn Youngkin vetoed a measure that would have established a legal recreational-cannabis market because, as he said, ”Cannabis is bad” for the state.
Nikola’s stock heads for a record win streak as EV maker sues Heavy D, founder
Nikola’s stock rallied Monday toward a record-long win streak, as investors wouldn’t be distracted by the electric vehicle maker’s dispute with those connected to its convicted founder and former chairman, Trevor Milton.
The average S&P 500 stock is as overvalued as the ‘Magnificent Seven,’ Goldman says
While this doesn’t necessarily mean the rally is nearing its end, high valuations typically lead to weaker returns over the months ahead, according to Goldman’s analysis.
Tech-heavy Nasdaq is up five straight months. History shows this happens next, Bespoke says.
The U.S. stock market has been on a tear over the past five months — and more gains may be in store for the technology-heavy Nasdaq Composite Index, if history is any guide, according to Bespoke Investment Group.
Manufacturers show sign of revival as ISM index turns positive for first time in 17 months
A barometer of business conditions at American manufacturers turned positive in March for the first time in 17 months in another sign the industrial side of the economy is on the mend.
Construction spending posts bigger-than-expected drop
Construction spending fell 0.3% in February, the Commerce Department reported Monday.
AMC CEO says domestic box office has ‘finally turned upwards’
The domestic box office has had its best March in five years, according to AMC CEO Adam Aron.
Ballard Power’s stock rallies on largest order in company history
The fuel-cell maker said it inked a deal with a European bus manufacturer to supply up to 1,000 hydrogen-fuel-cell engines — its largest supplier deal since it was founded in 1979.
Disney’s board battle heats up as two notable investors back Nelson Peltz
CalPERS and Neuberger Berman are supporting Trian director candidates ahead of Wednesday’s vote deadline.
Treasury yield curve steepens as traders react to latest inflation data
Yields on longer-duration Treasurys ticked higher on Monday while short-dated yields declined as traders reacted to an inflation report and commentary from Federal Reserve Chair Jerome Powell from Friday.
FedEx’s stock dips after parcel-delivery company says its USPS contract will expire in September
Rival UPS said it will become the primary air-cargo provider for the United States Postal Service.
Take MarketWatch’s 2024 Financial Literacy Quiz. Will you get a 100% score?
Financial literacy helps us to plan for the future, and makes the often obtuse world of investing and retirement more accessible.
The bullish case for this asset class is building, and big investors are AWOL
Our call of the day says big investors are missing out on a potentially lucrative trade right now: commodities.
Early look at key data: Strong job growth expected in March
The most critical question facing the U.S. economy this week is how many jobs were created in March.
From ‘Ripley’ to ‘The Jinx: Part 2,’ here’s what’s worth streaming in April 2024
Hulu and Netflix are still the best of the bunch in a surprisingly slow month for streaming services.
Gold hits fresh record as rate cut hopes build after data shows inflation ease
Gold continues its march higher on Monday, following data last week showing an ease a Fed favored inflation gauge.
Nippon Steel’s new president says he’s committed to U.S. Steel acquisition
The new president of Nippon Steel Corp. says he’s determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help strengthen the American steelmaker.
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs
More individual stocks pitched in to help drive the S&P 500 to record highs during the first quarter, rebutting skeptics’ concerns that the market’s gains were too narrow to endure.
San Francisco’s performing arts scene takes on our love-hate relationship with tech
Recent productions of ‘Mere Mortals’ and ‘Big Data’ reflect the unease we feel with emerging technology
I’m in the military and I’ve been relocated. Where do I file my state taxes — and where does my spouse file her taxes?
More than 400,000 service members get “permanent change of station” orders every year.
Companies will soon have to disclose how they’re managing climate-related risk. That’s good news for stock investors.
A long-overdue step toward giving investors crucial information to make informed decisions.
Bitcoin halving gives investors a full picture of crypto hope and hype
Increased market interest and speculative activity potentially leads to short-term price surges.
I inherited an inherited IRA. How can I withdraw from it, especially if I’m going to be hit with a big tax bill?
The rules surrounding inherited IRAs can be complicated.
Renting is now cheaper than owning in all of America’s 50 biggest metro areas
It’s more affordable to rent rather than buy in the top 50 metros in the U.S., according to a report by Realtor.com.
Our mom is 80 and in a downward spiral, and we don’t know how to protect her money. How do we avoid high taxes?
A trio of siblings is worried that their elderly mother will burn through her money because of healthcare costs and taxes.
Malls were a dirty word in commercial real estate. Now retail is a bright spot.
Foot traffic at top shopping centers is coming back, but “dying malls” are still a problem.
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.
Boeing had a good week cleaning house — but now comes the hard part
These 7 steps can give Boeing a path to recovery.
What could spark the next stock-market selloff? Here’s what history tells us.
The S&P 500 has marched higher by nearly 30% over the past five months, prompting even bullish market strategists to entertain, or even welcome, the prospect of a “healthy” correction.
Here’s how Wall Street analysts’ favorite stock picks performed over the past five years
The results of a performance comparison of highly rated stocks and ones selected through analytics might surprise you.
Here’s what the Trump DJT and Reddit stock deals might mean for the broad market
Also, what might push stocks lower, AI-investment alternatives and how brokerage accounts work.
Why the owner of the NBA’s Timberwolves could make $1 billion more now that his sale to A-Rod has ‘expired’
In 2021, Glen Taylor agreed to sell the Minnesota franchise for $1.5 billion. The team is now likely worth at least $2.5 billion.
‘I was devastated by her infidelity’: I’m still on the deed of my ex-wife’s house, but our divorce decree says she gets the property. Am I sitting on a golden goose?
“I harbor no ill-will towards her and I’m not looking to extort her, I just think we’re long overdue for a clean break.”
Tupperware sounds another warning for investors with more filing delays
Tupperware Brands Corp. will miss the deadline to file its 2023 annual report amid cascading delays and trouble retaining employees involved in accounting.
What do the latest inflation figures mean for the next Social Security cost-of-living adjustment?
There’s good news, and there’s bad news.
Inflation is heading higher again. Is it a ‘bump’ in the road or something more?
An uptick in inflation early this year and remarkably strong economic growth are likely to keep U.S. interest rates high, but probably not for long.
Beware Nvidia and the S&P 500 ‘index waltz,’ says this market-beating fund manager
The current stock-market mania could come for your retirement accounts.
AMD CEO Lisa Su earned nearly double what Intel CEO Pat Gelsinger did in 2023
Intel Chief Executive Pat Gelsinger got a big bump in compensation in 2023, but it still amounted to just over half what Lisa Su made as CEO of rival Advanced Micro Devices.
Eleven Republican-led states sue Biden administration to block student-debt relief plan
Eleven Republican-led states are suing the Biden administration to block its new student-loan repayment plan, SAVE, which has already resulted in more than $1 billion in debt cancellation for more than 150,000 borrowers.
Add FOMO to the list of reasons stocks can keep climbing, Natixis says
The S&P 500 is up almost 50% since October 2022.
Lowe’s customers slam retailer for ‘predatory’ 31.99% credit-card APR
“These interest charges could be astronomical on a big purchase,” says one credit-card expert of the 31.99% interest rate on the Lowe’s credit card.
Nvidia’s stock snaps a record weekly winning streak but a monthly streak still lives
Nvidia’s stock did something this week that it hasn’t done since the first week of the year. It fell.
A third of home sellers are dropping list prices in this market. They may have ‘misjudged the market,’ economist says.
Some markets have seen a big bump in newly built homes, which is affecting supply-and-demand dynamics.
Bowlero’s stock is a buy after strong boost in foot traffic in February, says Jefferies
All 10 analysts that cover Bowlero rate the stock a buy.
Easter falls really early this year. Why that could cost retailers $1.6 billion.
Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year.
Ex-FDIC Chair Sheila Bair says it’s wrong for regulators to ‘discourage’ regional bank mergers
The U.S. banking system may become more of a barbell made up of the biggest and smallest banks if more regional banks go away: Bair
Is the 3% cash-back Robinhood Gold card worth it? ‘There’s one audience this card is really good for.’
Robinhood wants to be ‘a one-stop shop’ for your financial life with its new credit Robinhood Gold credit card.
U.S. trade in goods deficit widens to highest level in ten months in February
The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department’s advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
Warren Buffett spent more than $350 million to buy these stocks in the past week
Warren Buffett now owns about 30% of Liberty SiriusXM’s outstanding shares.
The S&P 500 and Wall Street’s ‘fear gauge’ are both up in 2024. Should investors be worried?
Something unusual happened in the stock market this quarter: Both the S&P 500 and Cboe Volatility Index, better known as the Vix, rose.
The stock market roars when the VIX is tame — like now
Tranquil markets aren’t considered bullish, but this year proves otherwise.
‘I find this evil’: My stepfather, who was worth $14 million, put my mother in a facility — then they both died. He did not honor their prenup. What can I do?
“I have two biological brothers. My stepfather had four children of his own from a previous marriage that helped him with this scheme.”
Retirees are more afraid of healthcare than they are of running out of money
Even more scary than running out of money in retirement is paying for healthcare, which can be a major drain on any retiree’s nest egg.
This small-cap stock is expected to take off — if its weight-loss pill trial succeeds
Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.
France inflation dips more than expected in March
French inflation fell more than expected, closing in on the European Central Bank’s target as recent trends of easing prices continued.
Stocks can keep going up — as long as this one key indicator stays down
Low VIX readings continue to vex market bears.
The maker of Tommy Bahama says shoppers are still hesitant. It’s investing in new stores anyway.
Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.
ETF flows in first quarter reflect investor hopes for ‘soft landing’
For this week’s ETF Wrap, I caught up with State Street’s Michael Arone to talk about flows and performance this month and quarter — as well as risks to his soft-landing outlook.
‘We are blessed’: My mother, 72, gets $11,000 a month, not including income from retirement savings. Should she get long-term care insurance?
“She worked for 25-plus years as a county nurse and, as such, she has a healthcare plan and a great pension, both for life.”
These tips for investing in mutual funds and ETFs can help you go with the market’s flow
A winning fund’s strategy, a bitcoin milestone and a proven way to manage risk.
How Sam Bankman-Fried’s 25-year sentence compares to Bernie Madoff and Elizabeth Holmes’s jail time
As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.
RH shares are on pace for their best day in more than three years. Some analysts aren’t buying it.
The home-furnishings company’s fourth-quarter results didn’t “provide resolutions to the key debates” around its future performance, one analyst says.
Gas prices topping $4 a gallon this summer is possible — but not expected
Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.
Palantir’s ‘egregiously rich valuation’ draws downgrade to sell
Monness Crespi Hardt analyst cuts AI technology company’s rating to bring it ‘back to reality’
Good Friday’s PCE data brings crucial inflation reading — but markets are closed
Stock-market investors get a key piece of economic data on Good Friday, but won’t be able to trade on it.
Disney steels for April 3 shareholder showdown with activist investors
Rest assured, Walt Disney Co.’s annual shareholders meeting next week will not be the happiest place on earth.
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.
Inflation is taking a bite out of retirement savings — but there might be hope in sight
Persistent inflation has eroded Americans’ ability to prepare for their financial futures by causing them to reduce savings, take on debt and withdraw from retirement accounts.
Consumer sentiment climbs to 2½-year high as inflation eases
Americans express increasing confidence that inflation will continue to ease — and reduce the financial strain on households.
Oil prices move higher, on track for solid quarterly gains
Oil futures rose Thursday, on track for solid quarterly gains.
Jamie Dimon sells $32 million in JPMorgan Chase stock as shares vest
JPMorgan Chase & Co. Chief Executive Jamie Dimon has sold another batch of stock about a month after he raised $150 million through an earlier insider transaction.
Chicago business-activity index weakens further in March
The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”
It’s time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
Citigroup analysts are greenlighting the next round of AI stock buying, but say look beyond U.S. shores.
Jobless claims fall slightly to 210,000 and show robust labor market
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.
Tesla has had a ‘nightmare’ first quarter amid weak China demand, says this longtime bull
Wedbush’s Dan Ives trims his stock-price target to $300 from $315 after a “perfect storm” of issues.
My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?
“We are in our late 60s, in good health and we have a second home worth $900,000 that is fully paid for.”
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.
‘I have a physical disability’: My sister and I will inherit our mother’s house, but it’s miles from anywhere. Should I force her to sell?
“I’d like to have a nest egg of my own for the future as I will need to pay for private care or for a senior-living center.”
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.
Spirent turns back on Viavi in backing Keysight’s $1.46 billion takeover bid
London listed Spirent Communications called on shareholders to back Keysight Technologies’ takeover plan
RH expects furniture demand to improve, after ‘the most challenging housing market in three decades’
Shares of RH rallied after hours on Wednesday, after the luxury furniture chain said it expected demand to pick up through this year, after contending with what it said was “the most challenging housing market in three decades.”
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’
Walmart to refile paperwork on Vizio deal after ‘informal’ antitrust talks with feds
Walmart Inc. and smart-TV maker Vizio Holding Corp. said late Wednesday that they would refile paperwork related to their proposed merger.
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.
Here’s how much cord-cutters need to pay to watch MLB games — over $1,000 if you’re a Yankees fan
Opening Day is here. With more people cutting the cord and additional games only available on streaming networks, watching baseball has gotten more complicated — and expensive. Here’s how much.
Canopy Growth rally continues with 28% gain after recent talk about federal cannabis reforms
Cannabis stock Canopy Growth has been rising sharply since March 14 and has gained 140% in the past week.
Carnival provides estimate of what the Baltimore bridge collapse will cost it
Carnival Corp.’s stock dropped Wednesday after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also provided an estimate for what the collapse of the Francis Scott Key Bridge in Baltimore would cost it this year.
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.
Oil could trade near $100 this year. Here’s what could drag prices back down.
Russia’s decision to deepen its oil production cuts could lift global benchmark crude near $100 a barrel by September, but demand destruction may play a part in dampening price prospects, said analysts at J.P. Morgan.
Land’s End’s stock rallies as retailer posts stronger-than-expected sales
Shares of Land’s End surpassed the $10 mark for the first time since August 2023.
Tesla joins forces with Chinese battery maker CATL, and it’s a ‘game changer’ for this analyst
“The U.S. is an under-penetrated EV market in need of high quality, cheap battery tech. China is a highly penetrated EV market with an oversupply of batteries.”
A third of Asian Americans who live in poverty have college degrees. What’s going on?
A new Pew report on Asian-American poverty finds that education does not always create opportunities.
Is the stock market open on Good Friday?
The Treasury market closes early on Thursday, March 28
Biden’s late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines.
Oil prices pare losses as official U.S. data show rise in crude supply of more than 3 million barrels
Oil futures declined on Wednesday but pared some of their early losses after official U.S. data revealed a weekly increase in commercial crude inventories that was smaller than what was reported by an industry trade group.
GameStop’s demise could come later this decade, analyst says
GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this decade, according to analyst firm Wedbush.
Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.
Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.
Reddit IPO is telling stock investors what they should know about the market now
A growing ‘wall of worry’ that U.S. stocks are entering a period of irrational exuberance.
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury Department.
This was a hot and promising sector for 2024. That’s over for now, says this strategist.
Much chatter has been devoted to what’s needed for the U.S. stock market rally to continue this year. A big one on the to-do list? Seeing gains spreading beyond the “Magnificent Seven” tech stocks, which themselves have not been moving in tandem.
S&P issues negative outlook on five U.S. regional banks due to office space exposure
Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall looms
Merck’s stock rallies toward a record after FDA OKs arterial-hypertension drug
Merck’s stock rallied into record territory Wednesday, after the drug giant’s treatment for pulmonary arterial hypertension, Winrevair, was approved by the U.S. Food and Drug Administration.
Boeing is paralyzed, and this failing by its executives and directors is to blame
The problem isn’t a lack of controls, visibility or knowledge. It’s the lack of innovative thinking.
Amazon and other tech giants can’t afford to lose power — so they’re making it
Traditional utilities are no match for upstart rivals seeking fast growth.
Should we pay cash for a $900,000 dream retirement home or take out a 6.5% mortgage?
When borrowing costs are high, cash deals can be enticing — but they can also eat up a nest egg.
Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.
DS Smith shares surge as International Paper’s takeover offer threatens to spark bidding war
International Paper has offered to buy DS Smith for £5.72 billion after Mondi submitted a bid to buy the firm for £5.12 billion earlier in March
Peacock, Amazon get exclusive streaming rights to two high-profile NFL games
Peacock to stream Week 1 game from Brazil, while Prime Video gets a wild-card playoff game.
What’s behind Tesla’s stock rally? A short test drive.
A new sales directive is boosting Tesla’s stock on Tuesday.
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.
Shockwave Medical shares rise on report of acquisition talks with Johnson & Johnson
Shares of medical-device maker Shockwave Medical Inc. rose Tuesday following a report that Johnson & Johnson was in talks to acquire the company.
Oil prices remain steady as investors weigh supply outlook
Oil futures were little changed on Tuesday, consolidating after bumping higher in the previous session on worries over the global supply outlook.
Should parents ‘charge’ a 6-year-old for rent and groceries? Here’s what financial therapists think about this TikTok money lesson.
“Starting them at that age is great,” one financial adviser says of a viral TikTok video about a mom who makes her young children “pay” for rent, groceries and utilities.
Apple’s big AI news is coming — and Wall Street likely just got a date for it
WWDC kicks off June 10 and is expected to feature an AI announcement.
NC State’s DJ Burns doesn’t just rely on NIL deals. He owns vending machines too.
Burns, about to play in March Madness’ Sweet Sixteen, says, ‘I’m gonna be honest, I can’t eat what’s in my vending machines’
Will hackers get my $3 million retirement savings if I keep it all at one investment firm?
Many people think spreading their accounts around to different institutions will keep their money safe, but that might be more trouble than it’s worth.
Economist Claudia Sahm created one of the most accurate recession predictors. Here’s why she’s getting worried.
Sahm has been calling on the Fed to cut interest rates since December.
‘She cleaned him out’: My dying father, who had stage 4 cancer, moved in with his girlfriend. She sold his house and pocketed the money.
“She flipped the title on his car, sold all his furniture and told us that our dad didn’t leave me or my sister anything.”
Trump’s campaign is bleeding cash. Here’s why he could win anyway.
Trump has some unique political strengths, experts tell MarketWatch. But it’s not clear if it can overcome his dollar deficit.
CPI inflation will almost surely be above 3% well into midyear, Garda’s Magnusson says
The first two months of 2024, which brought more signs of surprisingly persistent U.S. inflation, have paved the way for the annual headline rate of consumer-price gains to remain above 3% well into June or July.
Early reviews of the IRS Direct File free tax-prep tool are in. Here’s what taxpayers say so far.
‘It was the fastest I’ve ever done my taxes,’ says one user. An estimated 19 million people could be eligible to use Direct File, the IRS says.
The deadline to receive 2020 stimulus-check money is fast approaching. Here’s how to finally get yours.
Three years after the Internal Revenue Service began sending out stimulus checks amid the pandemic, the IRS is reminding taxpayers that there’s one more chance to claim any missed-out money and other overlooked refunds from 2020. But the deadline is coming up fast —...
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.
BlackRock’s Larry Fink calls for urgent national action on retirement crisis
The retirement crisis facing America is so “big and urgent” that government and corporate leaders need to stop business as usual and tackle the problem so that future generations will be able to grow older with dignity, according to the chair and chief executive of...
Trump’s stake in Truth Social swells by $2 billion in less than 24 hours
Trump Media & Technology Group’s stock soared Tuesday on their debut under the new DJT ticker symbol, providing a windfall for the former president.
Home prices reach new high in January, Case-Shiller says
Case-Shiller 20-city home price index up 6.2% year-on-year in January.
Micron’s stock heads for best month in 13 years as bulls see more AI gains ahead
Micron has cemented itself in Wall Street’s eyes as a financial beneficiary of artificial intelligence, and investors are excited about what’s to come.
Microsoft is already bigger than Apple, but its ‘iPhone moment’ could be coming
Wedbush is excited about the potential for AI to give a big boost to Microsoft’s cloud business.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
Krispy Kreme’s stock rockets toward a record gain after McDonald’s announces it will sell the doughnuts at all U.S. restaurants
Krispy Kreme’s stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant’s U.S. restaurants.
Here’s how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
Is it now time for 55% stocks, 40% bonds and 5% bitcoin in a portfolio?
Donald Trump joins list of world’s biggest billionaires, boosted by Truth Social stake: report
Former President Donald Trump has joined the ranks of the biggest billionaires in the world, thanks largely to his stake in a social-media company that just completed a merger with a blank check company.
Boeing’s CEO is departing, but the company’s problems run far deeper
Troubled aviation giant needs to restore its engineering and safety reputation.
Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago
If you want to get a fascinating insight into the crisis that has enveloped Boeing, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder.
‘He demonizes me’: My delightful father, 95, has substantial assets. I’m afraid my right-wing brother will steal his money. What can I do?
“My brother is named executor, and he also has the sign-in passwords to all our father’s investment accounts.”
Adam Neumann reportedly bids to buy back WeWork for more than $500 million
WeWork Inc.’s co-founder and former chief executive Adam Neumann has submitted a bid to buy the bankrupt company for more than $500 million, the Wall Street Journal reported late Monday.
India must avoid the mistakes of China and Big Tech to keep attracting investors
Recognizing its financial and political clout and adapting accordingly is the key to India’s continued growth.
Caitlin Clark and March Madness: TV networks hope she keeps winning, but sportsbooks hope she loses ASAP
Over 27% of all money wagered on the women’s NCAA Tournament winner was bet on Iowa, according to BetMGM.
Trump scores two financial victories with appeals-bond ruling and Wall Street stock listing
A bond decision lifts immediate financial pressure off the former president while a Nasdaq listing windfall moves closer to fruition — but trouble still looms as a first criminal-trial date is set.
EU opens probes of Big Tech under new law
EU opens probes of Big Tech under new law
EV maker Lucid Group rallies on heavy volume after $1 billion investment by majority stockholder
Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.
U.S. stock-market rally could hit the skids if companies miss this mark, strategist warns
The record-setting rally in U.S. stocks could run into trouble if companies report disappointing profits, according to a top equity-market strategist at Morgan Stanley.
DWAC’s stock soars ahead of switch to ‘DJT’ ticker
Digital World Acquisition Corp. powered higher Monday, after the merger with former President Donald Trump’s social-media company officially closed.
U.S. charges Chinese cyber company with hacking U.S. infrastructure as part of an attack on China’s critics
The DOJ said that more than 10,000 individuals and organizations were targeted in total, including “government officials around the world who expressed criticism of the PRC government.”
Masimo’s stock gains on report of activist campaign, disclosure of spinoff plan
Masimo Corp.’s stock was up by nearly 5% on Monday after Politan Capital Management said it plans to nominate two more members to the patient-monitoring-technology company’s board.
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.
California homeowners face an insurance crisis. What will it mean for home prices in the state?
Californians face yet another setback on the housing front as a major insurer pulls out of 72,000 home-insurance policies, citing costs.
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.
Vista Outdoor’s stock rises on boosted $3 billion acquisition offer
MNC ups its take-private price to $37.50 a share from $35 a share.
Sales of new homes inched down in February
New home sales at 662,000 annual rate in February versus 664,000 in the prior month.
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.
Boeing CEO Dave Calhoun to step down, and the stock surges
Steve Mollenkopf elected to become board chair, and will lead efforts to select next CEO.
Super Micro’s stock stands out by these metrics, JPMorgan says in bullish call
Another analyst has joined the bull camp on shares of Super Micro, which have experienced a nearly 800% surge over the past 12 months.
Here’s one good reason to be glad that Tax Day is coming
Over the past 70 years, the first two weeks of April have boosted U.S. stocks.
Buy gold or gold miners? You don’t have to dig deep to hit paydirt.
Why gold-mining stocks look set to outperform physical gold.
Big tech companies could drive the S&P 500 to 6,000 this year or crash it to 4,500, says Goldman Sachs.
Goldman Sachs lays out a scenario for the S&P 500 to hit 6,000 by the end of the year thanks to Big Tech.
Oil prices buoyed by geopolitical tensions
Oil futures rose early Monday, lifted as investors monitored geopolitical tensions in the Middle East and kept an eye on developments in the Russia-Ukraine war.
China reportedly seeks to block Intel, AMD, and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese tech
Going where the growth is means going to Europe
Earnings growth is where Europe has turned a corner without investors in the U.S. realizing it.
The Fed’s less concerned about inflation so buy energy stocks, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.
U.S. stocks shot up nearly 30% in 5 months. Is it time to worry about a correction?
Investors betting on a ‘perfect’ landing will focus on PCE inflation data in the week ahead
‘I’m spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?
‘When I married my husband, he sold his house, which was valued at about $100,000 more than mine, but he had no equity in it.’
This vaccine may help protect against dementia — and it’s already available
Data show a correlation between use of a common vaccine and lower risk of getting dementia, a drug company executive said
I’m 60 with $6,100-a-month in Social Security disability and a pension. I want my money to work for 20 years — what do you recommend?
“I live in a small town home. I refinanced my $185,000 mortgage a few years ago at 3.1% interest.”
Online shoppers are feeling frustrated. Blame it on the ‘Amazon effect’?
A new survey says consumers find e-commerce sites often fail to meet expectations. Experts say that’s because shoppers have become accustomed to how Amazon gets things done to their liking.
U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion
Retroactive removal of deduction limits is a giveaway to corporations.
Aging-in-place may be a luxury you can’t afford
Cost of in-home care soars by double digits in just a few years
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.
Big Tech just lost a round in its fight to profit from our private data
The Biden administration is taking steps to protect Americans’ sensitive personal information and government-related data.
Fund managers who let politics direct their portfolios shouldn’t get your money
Politically diverse fund-management teams perform better.
If you’re joining a Mega Millions lottery pool and hoping to share in the $1.1 billion jackpot, here’s how to avoid legal issues
The goal is to spell out everything in advance just in case you hit the jackpot, attorneys say.
After a dementia diagnosis, these 3 questions can help ease money worries
Ways to figure out whether your savings will cover your care.
Why the ‘Magnificent Seven’ and other momentum stocks may be hitting a wall
Riding a wave is exciting as long as it lasts — but watch out when it crashes.
Videogame voice actors poised to strike as they battle AI for their jobs
Videogame makers like Epic and Electronic Arts are facing a strike threat over AI-generated voices.
Here’s the reality about the mutual funds and ETFs that beat the stock market in 2023
One good year doesn’t make a trend.
S&P 500 isn’t letting anything get in its way as momentum and fundamentals stay strong
Volatility is low and market signals are still flashing green.
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.
Nvidia shows it’s still on track for AI dominance
The chip giant is poised to sell more recurring-revenue products, rather than just one-and-done hardware sales.
AI brings existential crisis for Apple, Salesforce and tech’s old guard: Partner or perish
Apple’s move to license Google’s Gemini for some new AI features on its iOS operating system underscores the urgency of partnering with a generative-AI leader on the fast-moving technology.
Dethrone the dollar? 5 charts show how U.S. currency still rules the world economy.
The U.S. dollar has strengthened its grip on the global financial system since Russia invaded Ukraine two years ago, defying expectations of “de-dollarization.”
After Reddit IPO, clock is ticking on CEO’s ‘strange’ bet on the stock’s performance
Already one of the most highly paid CEOs in the U.S., Steve Huffman will get a bonus of more than $20 million if Reddit’s stock can maintain a $5 billion market capitalization, which would only increase his outsize voting power over the company
Reddit’s debut made a splash, but caution’s still the name of the game in the IPO market
There are still a number of companies in the private market that are potential IPOs — but underwriters will likely take a cautious approach this year.
Nvidia’s stock racks up new records. Why bulls say the party can keep going.
There’s the potential for more beat-and-raise quarters, plus opportunity in sovereign AI, analysts say.
United Airlines says FAA will ‘begin to review’ some operations following safety incidents
“The number of safety-related events in recent weeks have rightfully caused us to pause and evaluate whether there is anything we can and should do differently,” the memo says.
Senate passes bill to avert government shutdown, sending it to Biden to get signed into law
The Democratic-run U.S. Senate in Saturday’s early hours passed a $1.2 trillion package of spending bills that prevents a partial government shutdown.
Reddit’s CEO gets $900 million richer from stock’s pop. Here’s who else made bank.
Reddit’s post-IPO stock action has benefited executives as well as Sam Altman, Tencent and other investors.
Jerry Seinfeld is now reportedly a billionaire. But what about Larry David?
The co-creators of “Seinfeld” are both incredibly wealthy, but one of them has pulled far ahead of the other financially.
New bank-merger regulations could be undone if Biden loses in November
Larger deals would be scrutinized more closely under proposed rules on reviewing bank mergers.
Ending 6% commissions would mean ‘dangerous times’ for home buyers, mortgage lender says
If home sellers stop paying real-estate agents’ commissions, buyers may end up footing the bill.
Record gold price flashes warning for Fed’s rate-cut hopes
Gold’s run to all-time highs could spell trouble on the inflation outlook, some analysts say.
Canopy Growth’s stock doubles to record weekly gain after Germany votes to legalize pot
The stock rose another 35% on Friday after Germany voted to decriminalize cannabis.
Reddit revives a sleepy IPO market
Also: Stormy seas for Apple, Nvidia news, alternatives to tech stocks and advice on how to avoid taxes.
Speaker Johnson faces ouster motion as bill to avert shutdown passes House
The U.S. House of Representatives approved a $1.2 trillion package of spending bills that prevents a partial government shutdown. It’s now up to the Senate to act before midnight.
Former ‘bond king’ Bill Gross warns ‘irrational exuberance’ is driving stocks higher
Erstwhile “Bond King” Bill Gross doubled down on his stock-market skepticism in his latest investment outlook, where he warned that “irrational exuberance” has driven markets since 2022.
My elderly cousin’s nursing home coerced her into changing her will — and selling her house. She was worth millions. Can they get away with this?
“We were told that the attorney had attempted to call Mary’s family but that none of the numbers worked.”
DWAC’s stock takes a dive after merger with Trump Media approved by shareholders
Digital World Acquisition Corp.’s stock rallied Friday, as investors awaited results of a shareholder vote that would determine the fate of the special purpose acquisition vehicle’s proposed purchase of former President Donald Trump’s social-media company.
‘Green shoots’ emerge in German economy as European stocks construct longest weekly winning streak since 2012
Skin-care company Galderma makes strong debut in Switzerland
Apple’s stock once drove the S&P 500. Here’s how much its influence has waned.
There was a time when the S&P 500 reaching record highs without any help from Apple Inc. was almost unthinkable. But those days are over, at least for now.
Stormy Daniels on Michael Avenatti: ‘I never liked him, and I never trusted him’
The actress, director and author reflected on why she hired her former lawyer, who is now serving a 14-year prison sentence for wire and tax fraud.
Ocugen’s stock climbs as it beats back investor claims on COVID vaccine
Ocugen shares climbed early Friday after a federal appeals court upheld a lower court’s ruling against shareholders who alleged the company misled investors about its COVID-19 vaccine.
Tesla’s stock pressure builds as report suggests continued China demand woes
The latest sign of demand issues for Tesla? A reported production cutback in China.
We have over $3 million and 5 adult children: Should we start giving them tax-free gifts each year?
“I understand that we could provide each of the five with $18,000 per year as gifts. Or could we only give to one child per year? Are the gifts really received tax-free?”
Oil prices steady as investors monitor Gaza cease-fire talks
Crude prices look for direction Friday.
The lowest-paid U.S. workers are seeing their wages surge. It still might not be enough.
The trend is “a notable reversal of fortune” for some of the country’s lowest-earning workers, researchers said — but the gains might still fall short.
Nervous about your stocks? This pro strategy gives you income and a market edge
Selling covered call options against your stock positions is a portfolio security blanket.
Adidas, Puma shares slip after Nike results lead to caution
Shares in Puma, Adidas, and JD Sports fell as investors feared headwinds in the apparel sector
Proxy advisory firm ISS backs Nelson Peltz’s bid to join Disney’s board
Activist investor Nelson Peltz on Thursday received a mega-endorsement in his bid to join Walt Disney Co.’s board, as influential proxy advisory firm Institutional Shareholder Services threw its support behind him.
The current bull market is not exceptional, says HSBC, as it upgrades view on U.S. stocks
Historically, the current bull market really isn’t that exceptional, say strategists at HSBC who are becoming more positive on U.S. stocks.
Social Security offers relief for millions in overpayment scandal
New commissioner of Social Security Martin O’Malley is bringing relief to millions hit by the overpayments scandal
Nike pivots its strategy, looks once again to outside retailers to drive sales
Amid faltering demand for shoes and clothing and slipping digital sales, Nike Inc. on Thursday said it will bank a lot more on the thing it has spent the past several years turning away from: other retailers.
Lululemon’s stock drops on soft revenue forecast
Lululemon Athletica Inc.’s stock slumped 11% in after-hours trading Thursday after the retail company posted quarterly results that topped analysts’ revenue and earnings estimates but offered light guidance.
FedEx’s stock jumps 13% after logistics company raises guidance, trims spending
FedEx Corp. raises guidance and says it will continue to cut costs and trim spending.
A Truth Social windfall likely won’t solve Trump’s immediate financial crisis
The former president could reap billions of dollars on paper in the merger of his social-media company, but he wouldn’t be able to cash in for at least six months.
Bank ETFs extend big rally spurred by Fed as U.S. stock market rises toward new peaks
Exchange-traded funds that buy U.S. bank stocks are rising Thursday, extending their big gains notched on the back of the Federal Reserve’s policy meeting.
These tips for investing in mutual funds and ETFs can help your portfolio bloom
Beating the market, momentum investing and the power of saying “I don’t know.”
Shake Shack hires CEO from Papa John’s after its stock lagged the pizza chain for a half-decade
Shake Shack is a bigger company, but its stock has not measured up to Papa John’s performance.
Betting markets put Biden’s chance of re-election at highest level in 10 months
Donald Trump’s likelihood of winning the 2024 presidential election is holding around an all-time high, but Joe Biden’s has recovered to a level last seen in mid-May 2023.
Ether spot ETFs: SEC’s Gensler has a legal trick up his sleeve to keep them off the market
Approval of an ether futures ETF doesn’t guarantee a spot product will be approved.
Is America’s love of ice cream melting away? Unilever’s break-up with Ben & Jerry’s isn’t the only sign.
Factors contributing to declining ice cream consumption may include climate change and a desire to avoid dairy products.
Inflation has hit these cities the hardest. That has ‘substantial political implications,’ analyst says
Cities experiencing more significant inflation typically have undergone rapid population growth, leading to an increased demand for goods and services, an analyst said.
Mortgage rates tick up after Fed holds interest rates steady
The 30-year mortgage rate is averaging 6.87%, Freddie Mac said in its latest weekly survey on Thursday.
Justice Department sues Apple for iPhone antitrust violations
The lawsuit accuses Apple of using its dominant position in the market for smartphones and related applications to prevent customers from switching phones or using non-Apple products in conjunction with the iPhone.
Oil prices head for back-to-back declines
Oil futures looked to tally back-to-back declines on Thursday, pressured in part by concerns over the outlook for energy demand.
Why the most dovish Wall Street bank dialed back its Fed rate-cut view.
The Wall Street bank with the most dovish Federal Reserve rate forecast has pared back its expectations for rate cuts, though it’s still expecting a flurry of reductions next year.
Why Micron’s stock is cruising toward its best day in 12 years
The memory-chip market is known for being cyclical, but Wall Street seems especially excited about Micron’s ability to ride the current uptrend.
House GOP undermines Trump with call for $2.7 trillion in Social Security and Medicare cuts
This isn’t just touching the third rail of American politics. It’s throwing your arms around it while soaking wet.
My husband died with no named beneficiary for his retirement plan. It’s been two years — how do I get that money?
“I was legally married to him and never spent one night away from him.”
Philadelphia Fed’s factory gauge stays in expansion territory for second straight month
The Philadelphia Fed said Thursday its gauge of regional business activity stayed in expansion territory in March, slipping only slightly to 3.2 from 5.2 in the prior month.
Fed’s interest-rate decision makes bank stocks more attractive: analyst
“It feels like the rally in the banks was perhaps because [The Fed] didn’t take rate cuts off the table despite some hotter inflation prints,” one banking analyst tells MarketWatch.
Olive Garden parent Darden’s stock dives after surprise sales drop, guidance cut
Darden Restaurants’ stock took a bitter turn Thursday, after the parent of the Olive Garden and Ruth’s Chris Steak House chains reported a surprise decline in same-restaurant sales, citing a tough sales environment.
Tech analyst who predicted Nvidia would overtake Apple has her eye on these stocks next
Beth Kindig, lead tech analyst at the IO Fund, has made prescient calls on Nvidia in the past. Here are her next big predictions.
Upsets belong in your NCAA bracket — not your stock portfolio
Picking winners in both March Madness and the stock market winners is hard. Managing risk is key.
‘I’m 14 years older’: My partner owns the house we live in and I pay for more than half the costs. What happens if he dies?
“We have separate bank accounts. I have five children and he has two kids.”
‘I’m 60 and looking to retire’: My brother was released from jail and wants to buy back our parents’ foreclosed home. What should I do?
“I don’t want to make promises I can’t financially live up to. I own my own house and struggle to keep that in order.”
Richard Branson set for $856 million payout from Nationwide’s Virgin Money takeover
Nationwide will pay Branson’s Virgin Enterprises a £250 million exit fee to stop using the Virgin brand
Parents weigh in on the best SUVs for families
From auto pros who are also parents, here are some top picks for the best SUVs for families, plus some features to look for.
Swiss National Bank makes surprise rate cut, sending franc lower
The dollar surged against the Swiss franc after the Swiss National Bank cut interest rates on Thursday, as the country is one of the few in the industrialized world with tepid inflation pressures.
Micron’s stock rockets higher as company delivers big, AI-fueled earnings beat
The memory-chip company swung to a surprise profit and vastly exceeded the consensus view with its outlook.
Micron blows away Wall Street estimates, but a specter potentially looms
Samsung and Hynix will soon have rival high-bandwidth memory chips on the market.
Gold prices climb back toward record highs in the Fed decision’s wake
Gold showed little reaction in the immediate aftermath of the Federal Reserve’s decision Wednesday, then rallied toward record highs.
Oil prices end lower after back-to-back session gains
Oil futures finished lower Wednesday, pulling back from five-month highs after back-to-back session gains.
The U.S. is a less happy country than it used to be. The Swiss ambassador has thoughts.
Nordic countries and Switzerland consistently rank high in the Gallup World Happiness Report, because they “give a certain level of predictability that you find nowhere on earth.”
U.S. public debt projected to reach 166% of economy in 30 years
Slower growth and significant risks to the U.S. fiscal outlook are posed by mounting debt, CBO says.
Temu parent PDD’s stock climbs as improving consumer sentiment fuels profit beat
PDD’s stock powered higher Wednesday, after the China-based e-commerce company and parent of fast-fashion platform Temu reported fourth-quarter earnings that rose well above expectations, citing signs of improving consumer spending.
Wells Fargo’s stock has reached a fair price after runup, analyst says
Citigroup cuts Wells Fargo rating to neutral on ‘balanced’ risk/reward but boosts price target
Income annuities help retired workers — and life insurance companies are managing them responsibly
U.S. Labor Department pension report may run counter to life insurance industry practices.
Super Micro’s stock is suffering its worst five-day stretch in four years
The server maker’s stock is still up about 800% over the past 12 months.
Signet Jewelers’ stock dives after weak outlook, as marriage engagements drop
Signet Jewelers’s stock was suffering their worst day in nearly two years after the seller of diamond jewelry warned of a surprise same-store sales decline in the current quarter, as marriage engagements drop off before a gradual recovery over the long term.
Biden’s EPA rolls out regulation that aims to boost sales of EVs
President Joe Biden’s administration on Wednesday released a much-anticipated final rule on tailpipe emissions for new passenger vehicles, putting forward a regulation that looks set to increase sales of electric vehicles while also making concessions sought by the...
‘They got caught up in the 2008 crash’: My friend invested $50,000 in her brother’s failed property business. On her deathbed, he pledged to repay her children. What now?
“He wants to leave his house — worth about $200,000 with a $28,000 mortgage — to his own adult children.”
Chipotle’s board approves 50-to-1 stock split, stock zooms toward record
Chipotle Mexican Grill Inc.’s stock rallies Wednesday after the fast-casual restaurant chain said its board has approved a 50-for-1 stock split.
Best places to retire for people who love wine country
There are beautiful retirement spots across the country and in a range of budgets
Kering stock dives as Gucci forecasts sales to skid by 20%
Gucci owner Kering also posted a 4% drop in sales over 2023
Boeing CFO says cash flow to be hit by production delays
Boeing’s CFO said cash flow will be worse than the company had expected even back in January as the troubled plane maker focuses on quality after a spate of incidents.
General Mills’ stock jumps after profit beat as price gains offset volume drop
General Mills’ stock jumped Wednesday, after the consumer-foods company reported fiscal third-quarter profit that rose above expectations, as price increases and cost savings helped offset volume declines.
Nasdaq’s stock drops after $1.6 billion offering from stock-exchange parent
Borse Dubai is selling nearly 27 million shares to reduce its stake in the Nasdaq to 10.8%.
A new study cites the health risks of intermittent fasting. Could it lift Ozempic sales?
The study showed that who practiced time-restricted eating had a greater chance of dying from heart disease.
BioNTech’s stock sinks after earnings miss, as inventory writedowns weigh
BioNTech’s stock sank toward a more than two-year low Wednesday, after the Germany-based biotechnology company reported fourth-quarter results that fell sharply below expectations, weighed down by inventory writedowns by COVID-19 vaccine collaboration partner Pfizer.
There’s gas in the tank for a post-FOMC rally so stick with the stock-market winners, says Wall Street bull
Fundstrat Global Advisors, Tom Lee, makes a bet on a post-Fed rally, offering five reasons for that and stocks he thinks investors should hold onto.
I’m 59, and have a $280,000 underwater mortgage on a house I bought for $100,000. Should I sell?
“I owe $280,000 after using the equity and simultaneously having my equity used up by unscrupulous mortgage companies.”
As Alzheimer’s deaths rise, diagnosis is often delayed
As Alzheimer’s disease claims the lives of increasing numbers of people in the U.S., detection and diagnosis of the condition aren’t keeping pace with the challenge, a new report shows.
‘Mr. Yen’ says authorities may soon intervene as Japanese currency eyes multi-decade lows
An influential former foreign exchange official in Japan said Tokyo may enter the market to support the currency if it falls much further against the buck.
The big tech rally is living on borrowed time, says UBS
Earnings momentum for tech giants should dissipate.
Biden promised 55,000 borrowers student-debt relief by January. They didn’t get it — and are heading to court.
Some 195,000 borrowers scammed by their schools were supposed to have their debt wiped out by Jan. 28. Tens of thousands are still waiting.
Post-IPO, Reddit will still be the ‘quirky goth kid’ to Google and Facebook’s ‘varsity quarterbacks’
Reddit’s looming IPO has thrust the company firmly into the spotlight, although Kamran Ansari, venture partner at Headline, expects the social media platform to retain the quirkiness and edginess that have become its hallmark.
Astera Labs prices IPO at $36 a share, well above target range
Wall Street is about to get a new way to play the intersection between chips and artificial intelligence.
Biden’s EPA to roll out regulation that GOP blasts as ‘EV mandate’
President Joe Biden’s administration is expected on Wednesday to release a much-anticipated final rule on tailpipe emissions for new passenger vehicles.
Options traders are reining in their bullish stock-market bets
Options traders are growing more cautious — but only slightly — as the rally in U.S. stocks recently hit a speed bump.
NFL draft prospect Braden Fiske talks about how he’ll invest the millions he’s about to make
The soon-to-be-drafted NFL player spoke with MarketWatch about his financial adviser, missing out on being in EA’s college football videogame — and his Honda Accord
AI will ‘destroy employment in some areas’ and boost others, says top Goldman economist
Artificial intelligence will lead to automation in parts of the labor market, says Jan Hatzius of Goldman Sachs.
Bitcoin could ‘easily’ fall to $60,000 if decline continues. Here’s why it’s under pressure.
Bitcoin on Tuesday fell to as low as below $63,000, as exchange traded funds investing in the crypto on Monday saw their first day of net outflow since March 1.
Nvidia’s stock shrugs off its ‘Taylor Swift’ moment. Here’s why bulls are still cheering.
Nvidia CEO’s concertlike keynote didn’t pack too many surprises, but analysts say it showed how the company remains well ahead of the pack.
International Paper’s stock jumps after replacing longtime CEO with an investment-firm veteran
International Paper investors cheered Tuesday, after the paper and packaging company named an investment advisor as its new CEO, replacing a chief executive whose only experience has been with the company.
Hertz’s stock is ‘in the parking lot’ for these analysts
Hertz is hampered by rising expenses but supported by “solid” travel demand, analysts say.
Negative-interest-rate era is over. Was it the ‘dumbest idea’ in economic history?
A 12-year global run of negative interest rates comes to a close. The debate over its effectiveness will continue.
AI mania hits Wall Street as Morgan Stanley creates new role focused on the trend
Marquee bank is using artificial intelligence to generate insights for financial advisers, joining tech companies in a bid to capitalize on the hot trend.
Why this March Madness coach is ‘working for free.’ Plus the highest-paid coaches in the men’s and women’s tournaments.
Dan Monson of Long Beach State was recently fired, but will still coach in the NCAA Tournament
Congress has a deal to fund the government. It needs to act fast to avoid a shutdown.
Congressional leaders have announced a deal to fund the federal government in advance of a weekend deadline, but they will need to act quickly to avoid a partial shutdown.
Oil prices hold ground at 5-month highs on supply-demand risks
Oil futures hold ground Tuesday at their highest prices since October.
Let’s talk about money and death: Why aging parents and their adult children should have ‘the talk’
It’s a conversation loaded with potential tension around concerns about independence, money, burden, and the future
Siemens shares drop as CFO says China difficulties continue
Shares of Siemens slumped Tuesday as the company’s chief financial officer said it’s still struggling in China.
I was forced to take Social Security retirement benefits at 62 instead of SSI. I’m 71 now. Did the agency make a mistake?
“I was never able to restore my full retirement payment.”
Don’t want to chase Big Tech? Money manager flags three unloved stocks to bet on now.
Starbucks, PNC and Cisco have been unloved over the past 12 months, but for a patient investor, better times are ahead, says this money manager.
Is the world in an AI bubble? Money managers are split.
Fund managers were divided, even while remaining heavily invested in the Magnificent Seven which have surged on hype around AI.
Super Micro plans to sell stock after nearly 1,000% rally over the past year
The server maker and Nvidia partner intends to offer 2 million shares of its common stock in a public offering.
Can aging boomers rescue the ailing commercial real-estate industry? This $2 billion fund is betting on it.
Harrison Street sees bright spots in senior housing and other demographic-driven commercial real-estate.
Troubled NYCB is not another Silicon Valley Bank. It’s worse.
Expect more bank failures and bailouts as a result of Federal Reserve decisions.
How much an accident affects the value of your car
The loss of value after an accident might be significant or minor, but it’s a fact of life. Here’s what to know about diminished value and insurance.
Car prices are a headache — but so is getting approved for an auto loan, consumers say
There’s some hope car prices will drop this year, but a survey indicates would-be buyers are still in a gloomy mood.
Average annual Wall Street bonus falls to $176,500, in second straight yearly decline
The bonus pool for dealmakers remained at $33.8 billion, while the average bonus fell by $3,500.
Here’s how Gen Z, boomers and other generations differ when shopping for cars
A survey of 5,000 car shoppers examines what the different generations care about when it comes to brands and most important factors in a car.
Bank of Japan ends negative-rate era, hikes rates for first time since 2007
Japan’s central bank raised interest rates for the first time in 17 years Tuesday, tightening its monetary policy amid stubborn inflation.
Unilever to cut 7,500 jobs and split off arm that makes Ben & Jerry’s
Unilever on Tuesday said it may spin off the ice cream-unit that produces Ben & Jerry’s as the multinational consumer goods company said it expects to slash 7,500 jobs globally.
AstraZeneca to buy Fusion Pharmaceuticals for up to $2.4 billion
AstraZeneca is buying Fusion Pharmaceuticals for $2.4 billion as the London-listed group looks to build its presence in cutting-edge cancer treatments.
Odds of a June rate cut by Fed slip below 50%, according to this gauge
In the run-up to Wednesday’s policy update by the Federal Reserve, traders in overnight index swaps gravitated toward a less-than-50% likelihood that policy makers will deliver their first interest-rate cut in June.
Why it’s so hard to buy a house right now — and one reason it could get easier soon
House hunters looking to buy a home this spring are continuing to find the housing market challenging.
Reddit’s IPO could be a bellwether for other offerings this year, says Vanderbilt professor
Reddit’s IPO is drawing comparisons to that of another popular social-media platform.
Cisco Systems’ $28 billion acquisition of Splunk ‘went much faster than we thought’
Cisco Systems Inc. on Monday completed its $28 billion acquisition of Splunk Inc. “much faster than we thought,” Cisco Chief Financial Officer Scott Herren said in an interview.
NYCB’s stock downgraded to underperform at Raymond James on expectation of rising credit costs
Raymond James sees credit costs taking a bite out of earnings, while Moody’s hikes rating by one notch after $1.05B injection.
Why S&P 500’s consumer-discretionary sector is ‘left behind’ in U.S. stock market
The S&P 500’s consumer-discretionary sector is one of the worst-performing areas of the U.S stock-market index this year.
Reddit’s impending IPO is up to five times oversubscribed, report says
Reddit’s closely watched initial public offering is between four and five times oversubscribed, according to a Reuters report.
A new worry for people getting divorced after 50? Where to live in a tight housing market.
“Gray divorces” are pushing older Americans into a heated housing market.
Trump says he’s asked 30 companies to back his $454 million appeal bond and all have said no
In a legal filing before the New York Court of Appeals on Monday, former President Donald Trump said he has approached nearly 30 surety companies to help back the bond he needs in order to pursue an appeal, and that all have said no.
This Ryan Reynolds-backed company’s stock rockets on confirmed buyout interest
Nuvei’s stock charged up toward a seven-month high Monday, after the Canada-based financial-technology company confirmed that it has held talks regarding a potential buyout.
My sister is in her 80s, and she recently remarried, but her less-wealthy husband insists on filing a joint tax return. Should she be concerned?
“I believe that my sister’s assets exceed those of her husband. They live in her new husband’s home in California, which has a mortgage.”
Alphabet’s stock heads for best day in a year as Apple may use Google AI engine
Apple reportedly is considering using Google AI technology in the iPhone, which analyst says could prove a “validation moment” for Alphabet after slip-ups.
Oil prices trade at 4 1/2-month high as drone attacks crimp Russia output
Oil futures begin the week with gains.
Dow ticks higher as investors weigh AI hopes and await Fed meeting
U.S. stocks were trading higher Monday as investors balance optimism over artificial intelligence with concern over monetary policy.
Elon Musk questioned by Don Lemon over diversity and content moderation
The interview, which appeared on YouTube on Monday after a planned partnership to put it on Musk’s X platform was cancelled, did touch on business topics but mostly focused on social issues.
Fisker gets new financing, but also said it didn’t make an interest payment
EV maker said it is taking advantage of a 30-day grace period on the interest payment while it seeks partnership with automaker.
Nvidia’s stock is cheap in many ways, says this analyst who sees 34% upside
Nvidia “is many things,” according to Truist Securities, but a pricey stock isn’t one of them.
How Wall Street behaves prior to market tops
Sentiment at market tops is not the mirror opposite of sentiment at bottoms
Tesla’s stock rallies as prices for Model Y EVs will increase in April
Tesla’s stock closed at a 10-month low last week and has been the S&P 500’s worst performer this year.
These 9 portfolios can double your lifetime returns
You can keep your comfort but still be rewarded for diversification
U.S. stocks have beaten European equities but not for much longer, says JPMorgan
There are several reasons why Wall Street may not outperform Europe in the medium term says JPMorgan
As bitcoin ETFs fuel crypto’s rally, here’s what financial advisers are telling clients
Crypto-market participants have been hoping that the recent launch of spot bitcoin exchange-traded funds will draw financial advisers — who oversee trillions of dollars in client assets — into the space.
Logitech shares slump after CFO announces departure
Shares of computer peripheral maker Logitech International slumped Monday after the company said its chief financial officer was leaving.
Security researchers find an easy way to hack and steal Teslas
The heart of the risk is that Tesla lets users set up their phone as a key to their car, and offers free Wi-fi at its Superchargers.
Hoping to win the big Powerball or Mega Millions jackpot? This woman once took home a $112 million prize.
MarketWatch spoke with Cynthia P. Stafford, the big winner in a 2007 Mega Millions drawing.
Is a June rate cut still possible? Fed’s Powell will look to keep options open this week.
Federal Reserve Chair Jerome Powell will likely play his cards close to his vest this week, and not signal an imminent cut in interest rates.
‘He freaked out’: My friend let me live in his house if I did repairs, but sued me for unpaid rent — and won $50,000. Then he died. What can I do?
“I was told the only way to get this removed is through bankruptcy.”
Stock market to face reality check when Fed updates its interest-rate forecasts
Investors will be watching the Federal Reserve’s forecasts to see if policy makers still see scope to deliver the equivalent of three quarter-point rate cuts in 2024.
With second-quarter results around the corner, here are the stocks that analysts like the most
It’s no secret that lots of analysts like tech behemoths like Amazon.com Inc., Microsoft Corp. and Nvidia Corp. amid the AI gold rush. But as of Friday, they liked one just a bit more, at least based on the percentage of ‘buy’ recommendations: Delta Air Lines Inc.
My unmarried partner may need a nursing home. Who will pay for his care — and will I be able to stay in our home?
“If one of us needs to go into a nursing home, is the other safe in the home?”
‘Is this an indecent proposal?’ I invited an out-of-towner for dinner. He said yes — but only if he could stay over and avoid spending $400 on a hotel room.
“He is not going to drive two hours to the city for the weekend if he is not sure that we are going to be serious.”
Why the U.S. reduced the number of $20 bills in circulation in 2022 — something it hadn’t done in decades
There were 11.5 billion $20 bills in circulation in 2022, down from 11.9 billion the year before.
This NFL player tried to buy a Tesla Cybertruck for $100,000 over asking — and was blocked by his financial adviser
Ji’Ayir Brown, who played in the most recent Super Bowl, wanted to pay extra to get a Tesla Cybertruck early, but his adviser told him not to.
U.S. economy faces 1970s-style stagflation as inflation sticks around
Another Wall Street strategist warns the economy has gone from ‘goldilocks to stagflation,’ and investors are ignoring it at their own peril
AI talk is surging during company earnings calls — and so are those companies’ shares
S&P 500 companies that mentioned “AI” on their fourth-quarter earnings calls have seen their shares gain an average of nearly 30% in the past year, according to FactSet.
Why Irish whiskey sales have risen 1,482% in the U.S. over the past 20 years — to over $1 billion in 2023
Thanks to its drinkable appeal, the St. Patrick’s Day favorite has soared in popularity over the past couple of decades — and seems poised for more growth
Three ways the realtor commission settlement affects people looking to buy and sell their homes
The U.S. housing market is undergoing a major disruption, as a century-old practice that determines how homeowners and home buyers pay their real-estate agents is about to change.
These three little words can bring you big success in the stock market
The power of ‘I don’t know.’
FTC launches inquiry into Reddit’s AI deals days before IPO
The Federal Trade Commission has launched an inquiry into Reddit’s licensing of user data to artificial-intelligence companies — just days before the social-media company’s long-awaited initial public offering.
Hertz swaps out its CEO as it looks to revitalize business after failed EV push
Hertz shares have fallen nearly 30% so far this year.
HashiCorp’s stock jumps on report that it’s considering a sale
HashiCorp Inc.’s shares climbed more than 12% after hours Friday, after a report revealed that the cloud-adoption software company is considering putting itself up for sale.
Here’s what families need to know after a landmark $60 million verdict in baby-formula suit
One family’s verdict in a baby-formula lawsuit brings hope for other families whose newborns developed digestive diseases, though they’re not guaranteed to see the same success.
TikTok is teaching young people about money — for better or worse. A ban could bring that to an end.
From loud budgeting to girl math, TikTok has spurred discussion of finances. Now what?
Good news: Car prices are falling. Bad news: It’s a terrible time to trade in your car. Here’s why.
This spring and summer “will probably be the best time to buy a car in the last few years,” says one expert — but people who bought during the pandemic will lose more money on trade-ins.
Ulta Beauty’s stock is falling after earnings. Here’s why some analysts say to buy the dip.
Shares of Ulta Beauty Inc. fell on Friday, a day after the beauty-products retailer forecast full-year profit that disappointed investors.
Cathie Wood’s ETFs load up on Tesla’s stock, but not enough to stop the selling
The Ark ETFs spent more than $35 million to buy Tesla shares Thursday, the most in one day since buying restarted.
Why Bank of Japan may shake up financial markets before Fed’s next interest-rate decision
Japan — the world’s last bastion of negative interest rates — appears ready to tighten its monetary policy as early as next Tuesday, raising the potential for a mild to more forceful reaction in financial markets a day ahead of the Federal Reserve’s own policy...
The ‘Greatest Show on Earth’ is not Taylor Swift — and it only costs $35
The Ringling circus is back, but can it hold its own in the ‘Eras Tour’ era?
Investors see opportunity after decade-long helium shortage. What you need to know.
Helium is an irreplaceable raw material that is hard to transport, has many more uses than you might think, and is often overlooked by investors.
Reddit could use this strategy to ‘monetize aggressively’ following its IPO
As Reddit makes the final preparations for its initial public offering, the social-media platform has plenty of ways to drive revenue and push toward profitability, according to Ido Caspi, a research analyst at Global X ETFs.
No more 6%? Home buyers and sellers will soon negotiate their own commissions with agents.
The powerful National Association of Realtors has agreed to eliminate rules on commissions in order to settle lawsuits, and to pay $418 million in damages.
Can I really reduce my income tax by paying my kids wages for doing a variety of jobs? Tik Tok influencers say it’s a no-brainer.
It’s a lot harder than social media makes it look to legally justify a deduction from your small business income for a child’s wages.
New York City and Los Angeles continued to lose residents last year — but it’s not all bad news
Big American cities are still losing people, long after the pandemic first drove people out of urban centers, according to new U.S. Census Bureau data. But one expert says the figures actually reveal a positive trend.
RFK Jr. talks AI and Elon Musk
Also: Tech stocks, a changing EV landscape, Reddit’s coming IPO and advice for tax time.
Consumer sentiment dips in early March. Americans are neither optimistic nor pessimistic.
The reading from a survey of consumer sentiment fell slightly in early March from a 32-month high, indicating some uncertainty among Americans as to how the economy will perform in 2024.
Zero. That’s how much 28% of the country has saved for retirement.
How much is needed for a secure retirement varies by person and situation, but clearly, nothing is not enough.
Import prices rise for second month in a row and add to U.S. inflation
The cost of imported goods rose in February for the second month in a row and added to a small upturn in U.S. inflation early in the new year.
Steel Dynamics sees ‘meaningfully stronger’ profit amid broad demand growth
The continued return of manufacturing to the U.S., coupled with the “robust” U.S. infrastructure program, will support strong demand for years.
Snowflake’s stock draws upgrade after steep decline, but it’s hardly effusive
A Guggenheim analyst still sees a “mountain of challenges” but says Snowflake’s full-year forecast looks beatable.
Jabil gives downbeat earnings outlook, sending its stock lower
Jabil called out “revenue headwinds” as it posted slightly disappointing top-line results for its latest quarter and issued a downbeat outlook.
Oil prices pull back from 4-month highs, on track for strong weekly gains
Oil futures pull back, but remain on pace for strong weekly gains after breakout to four-month highs.
Real-estate prices have bottomed out and it’s now time to buy, Blackstone president says
Jon Gray said interest rate cuts are set to lift real estate prices, creating opportunities for investors
My boyfriend is selling his home. I’ve paid him rent and helped raise our children since 2012. Would it be fair to share his $200,000 profit on the sale?
“I also buy all the groceries and household items.”
Apple reportedly buys AI startup ahead of its own push
Apple has reportedly acquired a Canadian artificial intelligence startup, ahead of the company’s planned rollout later this year.
Dow futures inch higher as inflation jitters cap gains
U.S. stock futures were pointing to a steady start Friday, with worries that inflation will linger capping momentum after a hot start to the year.
The 2024 Audi Q7: The right blend of comfort and sportiness wrapped in an upscale SUV
The German luxury brand’s 3-row midsize SUV is its most family-oriented model. It features posh seating for seven, standard AWD, and innovative technology.
Volkswagen and Porsche SE are stuck in Wall Street’s pits. Stock investors, start your engines.
Large stakes in two undervalued German carmakers have put a wrench in the shares of holding company Porsche SE.
Swisscom buying Vodafone Italia for $8.7 billion
Swisscom will merge its Fastweb unit with Vodafone Italia.
Japanese large companies to give biggest pay bump in 33 years, union says
Japan’s largest labor confederation said large companies will be giving the highest pay raise in 33 years, possibly setting the stage for the end of negative interest rates next week.
When will this stock-market boom end? Here’s a creepy day to put on your calendar.
Wall Street is again proving that investors seem to make all their money during the winter months.
Corporate defaults are happening at fastest pace since financial crisis, according to S&P
Companies around the world are defaulting on their debt at the fastest pace since the global financial crisis as high interest rates and stubborn inflation continue to take their toll, according to a report from S&P Global Ratings.
Why is the economy still growing? Because most workers don’t fear for their jobs.
How has the economy avoided recession despite high inflation and high interest rates? Most Americans, especially younger ones, aren’t worried about losing their jobs.
Target cut 25,000 jobs in the past year, even as it increased its store count
Target has cut jobs for two straight years but increased its store count in each of the past nine years.
NYCB sells consumer loans valued at $899 million in latest move to bolster finances
NYCB also sold a commercial cooperative loan for an undisclosed gain.
‘She was heavily medicated’: My cousin forced my elderly mother to sign over her share of the family home. What can we do?
“She signed out of fear and after she had just gotten out of the hospital.”
Under Armour shake-up shocks Wall Street, with ousted CEO seen as not given time to effect change
Under Armour surprised investors late Wednesday with the news that its CEO is departing to be replaced by founder and former CEO Kevin Plank.
Goldman Sachs draws outperform rating from Daiwa on expected recovery in investment banking
Analyst Kazuya Nishimura says Goldman may offer ‘the strongest profit growth potential’ among major banks
Mortgage rates drop to a five-week low
The 30-year mortgage rate is averaging at 6.74% Freddie Mac said in its latest weekly survey on Thursday.
The dark side of high-yield savings accounts
Savings yields soared in 2023—and all that interest income is now showing up on people’s tax returns.
Those hard-to-find Trader Joe’s bags listed on eBay for as much as $1,000 will be back in stores this summer
The $2.99 canvas totes have gotten plenty of attention on social media
Amazon announces first-ever spring sale in North America March 20-25 as competition with low-cost e-tailers heats up
Move comes as the online shopping giant faces competitive pressure from ultra-low-cost e-tailers Temu and Shein.
Nvidia is no longer Wall Street’s favorite stock. This company is.
Late in December, Nvidia Corp. topped a list of favorite stocks among analysts working for brokerage firms. But with the stock continuing to soar this year, running the same screen of the S&P 500 produces a different result, with Nvidia no longer even making the...
Fisker’s stock cut in half after bankruptcy report
Shares of Fisker Inc. dropped 47% in the extended session Wednesday after a report said the embattled EV maker is exploring a bankruptcy filing.
Investors should understand pain to stop themselves from making stupid decisions, Man Group says
Investors should better understand how they experience pain to ensure they’re less likely to make stupid decisions in moments of market panic, a new paper says.
China’s economy is slowing. But its old-age market is booming.
Products from anti-aging cosmetics and procedures to elder-care facilities are growth areas as China’s demographics go gray.
What Biden gets right — and wrong — about the American middle class
The president is promoting a positive narrative about America’s economic turnaround, but in downplaying widespread financial anxiety, he risks alienating middle-income voters.
Oil prices rise after International Energy Agency boosts demand-growth outlook
Oil futures rose Thursday, finding support after the International Energy Agency lifted its forecast for oil-demand growth this year and cut its outlook for supply from countries outside the Organization of the Petroleum Exporting Countries.
Shell weakens climate ambitions as new CEO gets $10 million in pay
The oil major’s new carbon intensity target sits in line with a strategic shift which will see growth in its power sales slow
Why Japan’s stock market could keep soaring — plus three stock picks there
Christian Heck of First Eagle Investment Management makes the case that Japan’s stock market is still inexpensive as its companies improve.
‘Run with the bulls.’ Don’t worry about frothy markets until S&P 500 hits 6,250, says SocGen.
“Run with the bulls,” says Société Générale’s head of U.S. equity strategy Manish Kabra, who says the U.S. stock index is far from overexuberance still.
Marlboro maker to sell $2.3 billion worth of Bud Light maker’s stock
Altria late Wednesday said it plans to sell part of its stake in Anheuser-Busch InBev which it will use to buy back its own shares.
The 2024 Volkswagen Tiguan: The 3-row compact SUV is solid on comfort and safety
The 2024 Volkswagen Tiguan is a rarity in the compact SUV class because it offers three seating rows. Pricing starts at $28,505.
7 things you should know about the cost of maintaining an electric car
EVs spend less time in the shop than gas cars, but when they do need repairs, they can be pricey. Here’s a guide to EV maintenance.
Lanxess shares slide as German chemicals company forecasts moderate improvement from ‘crisis’ year
Shares of Lanxess slumped in early action Thursday, after the German chemical company said this year won’t be that much better than one marked by multiple crises.
Foxconn profit jumps as iPhone maker banks on AI server revenue for growth
Hon Hai Precision Industries, better known as Foxconn, said its fourth-quarter profit jumped 33% despite revenue going down.
Retail traders last week rotated into Apple and Boeing, away from Nvidia
Is now the time to pounce on the stock of Apple and Boeing? Retail traders seem to think so, according to an analysis of trading last week by JPMorgan.
Oil prices up nearly 3% after EIA reports first U.S. crude-inventory decline in seven weeks
Oil futures rose Wednesday, with U.S. benchmark prices scoring their first gain in five sessions after the Energy Information Administration reported a weekly fall in domestic crude supplies.
Williams-Sonoma’s stock soars to a record after profit beat, dividend raised 26%
Shares of Williams-Sonoma Inc. rallied into record territory Wednesday after the home-products retailer beat quarterly earnings expectations, with “full-price selling” and supply-chain improvements helping boost margins.
RFK Jr. on AI and how Elon Musk ‘saved freedom of speech’
Independent presidential candidate Robert F. Kennedy Jr. talks to MarketWatch about how AI is “lying to people” — and what’s causing his Harvard-educated son to have “the attention span of a praying mantis.”
Here’s why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings
Better pricing is “driven by sustainable, structural changes in industry practices.”
‘I know that his retirement benefits will be larger’: My first husband was wealthy. Can I claim his Social Security even if I married and divorced twice?
”I know that his retirement benefits will be larger than my own.”
Super Micro’s stock surge means even the biggest bulls don’t foresee huge gains
As Super Micro Computer shares have rocketed higher, Wall Street’s bullish price targets haven’t kept up.
My stepmother convinced my father to sign over his house and sell all his properties ‘so he could qualify for Medicaid.’ She has now cut me out of her will.
“Upon our father’s death, my stepmother chose to split the funds among other beneficiaries, including herself and her adoptive daughter.”
‘I’m not sure we need 2% inflation’: How investors are absorbing Tuesday’s CPI report
Investors and traders continued to take February’s hotter-than-expected consumer-price index in stride on Wednesday, by signaling a willingness to tolerate above-target inflation while waiting for a few more months of data to roll in.
‘I am house poor’: I’m 50 and own a condo in California with $250,000 in equity. I have PTSD after a car accident and no savings. Should I sell?
“Part of me fears that if I sell I will not be able to buy again in the Southern California market, specifically in Orange County.”
My mother, 80, owes $400,000 due to a failed family business and my late father’s unpaid taxes. What could be seized?
A failed business left a family with debts to the IRS, the Small Business Administration and others.
Over 50 and out of work: Abandoned by recruiters, spouses and friends
‘A profound unfairness’: The merciless stigma of being an older long-term unemployed person
These 3 stock-market ‘yellow flags’ raise questions about how far rally can run
Stocks are on fire, but some market watchers don’t like what they see — or more precisely, don’t see — below the surface.
Citi upgrades Nucor to buy and cuts Cleveland-Cliffs to neutral in steelmaker ratings swap
Analyst Alexander Hacking said Citi remains a “steel sector bull” for the time being.
Tesla’s stock extends selloff as Wells Fargo joins the bear camp
Shares of Tesla extended their selloff toward a 10-month low Wednesday, as a Wells Fargo analyst moved to a bearish stance on the stock.
Cannabis company Cresco Labs swings to a profit, while revenue beats estimates
Cresco Labs earned nearly $5 million in the quarter, reversing a year-ago loss of $181 million.
First Horizon, Popular, East West Bancorp, Western Alliance get top billing as Citi flags undervalued regional banks
Analyst Ben Gerlinger says reduced Fed rate cut outlook has weighed on bank names.
Elon Musk’s SpaceX prepares third Spaceship flight test
SpaceX’s third Spaceship flight test could come as soon as Thursday, pending regulatory approval, says the private space company.
Petco’s stock rises 3.5% after sales beat as CEO Ron Coughlin steps down
Petco’s better-than-expected sales come as it posts another loss amid weak demand and over-capacity.
Inditex to launch Zara resale platform in U.S. as profit surges
Spanish retailing conglomerate Inditex on Wednesday said it will launch its Zara resale platform in the U.S. after a year of strong profit growth.
Shell considers slowing its ambitious net-zero push: report
The Anglo-Dutch oil major has focused on investor returns over climate initiatives under new CEO Wael Sawan who took control in January 2023
Top rated manager flags three overlooked small stocks, including an under-the-radar AI play
Mick Rasmussen, fund manager at a gold medalist ranked fund, talks about an AI play no one is looking and other stocks.
S&P 500 futures virtually flat after 17th record high of the year
The S&P 500 is eyeing its 18th record close of 2024 as investors absorb a stickier-than-forecast consumer price index report with equanimity
Adidas says it plans to sell its remaining Yeezy inventory at cost
Sportswear maker Adidas on Wednesday said it plans to sell its remaining Yeezy inventory at cost, as it forecasts a near doubling of its operating profit this year.
De Beers reports uptick in sales but says U.S. retailers are slow to restock
The London headquartered company sold $430 million worth of rough diamonds in the second five-week cycle of 2024, up 15% on the first cycle of the year
Maserati is having a moment with this gorgeous new convertible, the svelte and powerful 2024 GranCabrio
Maserati has unveiled a beautiful convertible with extreme performance and a price that will probably keep it in your dreams, not your driveway.
Neil Young is returning to Spotify — but he’s still upset about Joe Rogan and sound quality
Neil Young’s music is returning to Spotify, two years after the rock legend yanked his songs off the service to protests its exclusive deal with podcaster Joe Rogan.
Global dividends hit record $1.66 trillion in 2023 as Microsoft reclaims top spot
Global dividends rose 5% to a record $1.66 trillion in 2023 as growth in bank payouts compensated for lower distributions from miners
Global stocks are headed for a correction, but the pullback likely won’t snowball into a bear market, Ned Davis Research says
Stocks trading around the world have trudged to record or near-record highs this year, leaving them vulnerable to a correction once the “sugar high” of excessive investor enthusiasm wears off.
My daughter’s male colleague got a bigger pay raise. They both started on the same day. How can she broach this subject with her boss?
“She has also dealt with a couple of men at her company who have tried to date her and wouldn’t give up even when she repeatedly turned them down.”
Pell Grants are in trouble, threatening financial aid for low-income college students
The program, relied upon by 6 million students annually, is facing a serious financial shortfall.
I made a profit when I sold concert tickets last year. Do I need to report this on my tax return?
Last year was busy for live music: Taylor Swift, Beyonce, Morgan Wallen, Ed Sheerhan and BLACKPINK all had blockbuster concerts.
U.S. budget deficit swells to $296 billion in February
Economists are growing concerned about the size of the deficit.
Running-shoe maker On’s stock slides 14% after surprise loss and revenue miss
Swiss running-shoe company On Holding AG’s stock fell 14% Tuesday to put it on track for its biggest one-day selloff in almost two years, after the company posted an unexpected loss for the fourth quarter and revenue that fell short of estimates.
Apple’s iPhone business has been sluggish, but here’s the good news
Apple likely saw declining iPhone unit shipments over the last three years, but a BofA Securities analyst sees some silver linings.
‘Mood matters’: Why the spring forward into daylight-saving time sets stocks back
The U.S. stock market tends to fall on the Monday after the clock loses an hour.
No more free lunches: How laid-off tech workers are surviving a tight job market
Being a tech employee, especially in Silicon Valley, has rarely been more perilous.
Leave things alone: The Fed shouldn’t cut rates until recession is an actual threat
The U.S. central bank should stay the course and avoid prematurely celebrating the end of inflation above 2%.
Archer Daniels’s stock rises as it completes accounting probe, removing an overhang for the stock
The agricultural giant’s quarterly earnings fell short of estimates, but the company provided upbeat guidance for 2024.
Deutsche Bank’s stock rises as CEO says fixed-income unit is winning market share
Deutsche Bank shares rose as much as 5% after the bank’s chief executive said its fixed-income division will see revenue growth this quarter.
NYCB plans reverse stock split after closing $1.05B infusion
NYCB’s stock rises as struggling bank finalizes plan to bulk up its balance sheet.
Inflation has been slowing in recent months. When will prices go down?
A lower inflation rate doesn’t necessarily lead to lower prices. Here’s which items actually could get cheaper.
Kohl’s stock falls on Q4 revenue miss, weak guidance
Kohl’s fourth-quarter revenue and full-year guidance were weaker than expected.
3M’s stock rises as company announces a new CEO
3M Chief Executive Mike Roman will step down from the role he’s held for past six years — a period marked by a steep drop in the company’s share price.
Illegal immigration is giving Fed more scope to let economy run hot, researchers say.
Some more academic heft is coming to the view that illegal immigration may be the surprise factor that’s keeping the economy running strong yet allowing inflation to cool down.
Oil prices nudge higher ahead of February inflation data, OPEC report
Oil futures trade flat to slightly higher early Tuesday.
Jamie Dimon says Fed should hold off on cutting interest rates
JPMorgan Chase’s chief executive says the central bank may want to ‘wait past June and let it all sort out’
Is the department store going the way of the dinosaur?
Experts say the once-dominant retail concept needs to adapt and evolve. But the clock is ticking.
A better life for older Americans? These states are trying to make it happen, from elder-abuse and hunger prevention to better housing.
A $32.5 million grant program would encourage states to create plans for aging
Boeing whistleblower John Barnett found dead in South Carolina
Boeing whistleblower John Barnett found dead in South Carolina
Trump’s Social Security problem isn’t his words, it’s his math
How is he planning to make his numbers add up?
The 2024 Toyota bZ4X review: Pricing, range and more for this futuristic all-electric SUV
The 2024 Toyota bZ4X is an all-electric compact SUV with an airy cabin and a smooth ride. Pricing starts at $43,070.
If your car has a black box like an airplane’s, it could save you big money
A car’s event data recorder stores crucial information before, during, and after an accident. Here’s how that can save you money.
Inflation in Germany reaches a two-year low as U.K. wage growth cools
Inflation in Germany fell to a more than two-year low, according to data released Tuesday that suggest interest-rate cuts may be coming soon.
What’s your dream retirement? Most people want to keep working — at least a bit.
Old views of traditional retirement are gone. New retirement will look different.
Why BofA is bullish on U.S. consumers despite inflation and interest-rate worries
Consumers still look resilient in the current bull market for U.S. stocks, despite worries to the contrary due to the Federal Reserve’s monetary tightening, according to BofA Global Research.
Customers still piling into Dollar Tree and Dollar General stores, research says
Dollar stores Dollar Tree Inc. and Dollar General Corp. have been enjoying strong foot traffic in the run-up to the companies’ fourth-quarter results this week, according to data from analytics company Placer.ai.
Raymond James hires Citi bankers for new public-finance office in Seattle
Midsize investment bank sees opportunity in muni bonds and public-power financing
How February inflation data could test the stock-market rally
A month after the U.S. stock market suffered its worst consumer-price index release day in over a year, investors are worrying about a reprise when the latest inflation data arrives on Tuesday morning — data that could shake up the Federal Reserve’s monetary-policy...
Biden’s HUD secretary resigns ahead of presidential race
Marcia L. Fudge, secretary of the U.S. Department of Housing and Urban Development, is stepping down from her position.
Trump’s TikTok flip-flop and what it means for Chinese stocks
The former president’s rhetoric on China was tougher than his actions, experts say.
AMC’s stock to remain unstable until connections re-established with institutional investors, says Benchmark
AMC shares have hit a series of record lows recently in a far cry from the heady days of the meme-stock frenzy.
Biden official says giving $10,000 to home buyers would have limited effect on prices
The Biden administration on Monday pushed back against criticism of its housing-market proposals after detractors said a plan to provide a $10,000 tax credit to first-time home buyers would increase demand and help keep home prices elevated.
Why gold may be set to outperform U.S. stocks
Gold and the S&P 500 have both rallied to record highs in March, but an analysis provided by Jefferies suggests that the precious metal may perform a bit better than the index in the next month.
CPI inflation is being pushed up by gas, car insurance and housing
The latest snapshot of consumer prices is likely to show a hottish inflation reading in February. Why? Blame the cost of housing, car insurance and gasoline.
The ‘Magnificent Seven’ stocks are actually undervalued vs. the rest of the market, JPMorgan says
The Magnificent Seven are not overvalued, but European cyclicals are, JPMorgan’s analysts said
Choice Hotels scraps effort to buy Wyndham Hotels after board refuses to hold talks
The two companies have been at loggerheads since Choice went hostile with its cash-and-stock bid for Wyndham in October.
Investors are piling into popular stocks — and JPMorgan sees a link to the dot-com bubble
Investors increasingly vulnerable to a market event, such as Tuesday’s consumer price inflation (CPI) report.
MicroStrategy leads rally in crypto stocks as it boosts its bitcoin holdings
The business-intelligence software company increased its crypto holdings by about 12,000 bitcoins in the two weeks through Sunday.
Netflix poised to benefit from password sharing, ads and subscriber plan choices, Oppenheimer says
Stock gains after Oppenheimer analysts raise their price target by 17%.
Trump speaks favorably about bitcoin as cryptocurrency blasts through fresh level
“There has been a lot of use of that [Bitcoin] and I’m not sure that I would want to take it away at this point.”
Nvidia’s stock could hit $1,200, this bull says. Here’s the key to that rally.
Evercore ISI’s C.J. Muse sees ample upside for Nvidia shares “once investors gain conviction 2025 is not a peak year.”
Oil prices edge higher to kick off week
Oil futures edge higher as traders weigh the demand outlook and the willingness of OPEC+ members to stick to production cuts.
Viking Therapeutics faces higher bar for oral weight-loss drug after strong readout from rival
Viking Therapeutics Inc.’s stock fell 5.6% Friday, in a pullback from recent highs, after strong data from Novo Nordisk on an oral version of its weight-loss drug raised the competitive bar for Viking, which is expected to release data from its oral-drug trial late...
Candlesticks and supernovas: why action in Nvidia is a worry for market gazers
A sharp reversal for Nvidia shares on Friday may be a worrying signal for the wider market
Reddit launches IPO at a valuation of up to $5.5 billion
Social-media company plans to offer 22 million shares for proceeds of up to $748 million
S&P 500 futures slip a day before crucial CPI report
U.S. stock futures slipped on Monday, edging lower a day ahead of an eagerly awaited report on inflation.
Turn signals on a car’s touchscreen? European safety agency draws the line.
Scrolling through touchscreen menus to honk the horn or turn on windshield wipers is a dangerous distraction, safety advocates say.
Just one of these World Car of the Year finalists is American-made
A panel of 98 journalists in 30 countries grant the awards. Here are the 18 finalists.
Report: Global emissions rose last year, but EVs are making a dent
Electric cars are living up to their promise of limiting human demand for oil and cutting transportation emissions, just not so much in the U.S., according to a new report.
Currys shares skid as Elliott Advisors backs away
Shares of U.K. electronics retailer Currys fell sharply Monday as the activist investor Elliott Advisors said it won’t make a bid for the company after failing to get the board to engage.
Bitcoin pushes past $70,000 in fresh surge for the cryptocurrency
Bitcoin surged past $70,000 on Monday morning, continuing a remarkable run for the cryptocurrency.
I’m 65 and the high earner in my marriage. Can I claim my husband’s Social Security benefits before my own?
“My husband started collecting Social Security at Full Retirement Age. He is now 73.”
Stock market’s 2024 bull run faces looming inflation report
The U.S. stock market is facing an inflation reading that will test its 2024 bull run and offer clues as to whether the economy remains on course for an anticipated soft landing.
Earnings this week will look at the shoppers hit hardest by inflation
Results from dollar stores Dollar Tree Inc. and Dollar General Corp. this week will offer some sense of whether buying the basics has gotten any easier.
Can Oscar Mayer’s plant-based ‘NotHotDog’ be a hit with consumers? Experts have doubts.
The vegan-friendly franks cost considerably more than the real-meat version.
Alzheimer’s: Schwarzenegger joins the fight
We’re learning that many things that are good for our general health area also good for fighting dementia.
This ‘greatest job in America’ can pay $200,000 a year and typically more — but you probably can’t get it
U.S. corporate boards are supposed to have at least 50% independent directors, but how independent are they really?
Why do many workers feel left out if the job market is still stronger than expected
About three-quarters of last year’s job gains were in three industries. That’s affecting workers’ perceptions of the job market and sparking worries of a sharp slowdown ahead.
‘There is a battle looming in 2024’: Qualcomm wants to become ‘the Nvidia of AI’ on your smartphone and computer
All the major players are trying to surf this next wave of AI, including Intel, Nvidia, AMD and Arm Holdings.
One reason for the stock market’s meteoric rally: Expectations that AI will stay unregulated
With political gridlock becoming the norm in Washington, Big Tech is less likely to face anti-monopoly threats.
Here’s why gold, bitcoin and stocks are all hitting new highs
It may be surprising to see safe-haven gold score record highs at generally the same time as riskier assets such as bitcoin, U.S. stock indexes, and other global stock benchmarks. Here’s what’s going on.
My mother-in-law’s nursing home costs $315 a day, but her long-term care policy pays $100. My in-law’s house has a reverse mortgage. What should we do?
“Should I pay off the reverse mortgage and risk losing the money if she ends up spending years in a home?”
Older people don’t want to sell their homes, and that could cause problems for everyone
Older adults will own nearly half of the nation’s housing in the next decade, according to a new report from Fannie Mae, but that housing stock may not be suitable to age in place.
Why is Elon Musk suing Open AI and Sam Altman? In a word: Microsoft.
Potential ramifications extend far beyond the courtroom.
Biden gets the blame for U.S. inflation staying higher for longer, but he shouldn’t
It’s human nature to focus on bad news and ignore the good.
Why Reddit’s IPO could offer an ‘unprecedented’ twist in meme-stock saga
Reddit played an important part in the meme-stock frenzy, but could become a meme stock in its own right.
Roubini: Trump policies risk higher inflation, slower growth and lower stock and bond prices
The possibility of a second Trump presidency hasn’t affected financial markets so far — but that could soon change.
AMD’s AI story is ‘unfolding fast.’ This bull sees a 25%-plus stock gain ahead.
AMD has been the leading contender as Wall Street looks for the next Nvidia, but now it’s really starting to look like a smaller version of its rival, according to one analyst.
Seniors who do this one thing live longer
A fascinating report has just been published in the Journal of the American Heart Association, and it has an urgent message for the over-60s.
Expect ‘plenty of handwringing about hotter inflation’ next week
With the confusing U.S. February unemployment report in the rear-view mirror, economists will be looking at the consumer inflation data next week for get a better sense of what the Federal Reserve might do with interest rate policy.
The biggest wildfire in Texas history highlights cattle ranchers’ challenges — and could push beef prices higher for consumers
The biggest wildfire in Texas history has created “catastrophic” losses for cattle farmers, and analysts said it could lead to higher beef prices at the supermarket.
It’s not just Nvidia: These companies are finally making real money from AI
Enterprise-AI sales are starting to have an impact on tech sales.
What ‘The Wolf of Wall Street,’ ‘Dumb Money’ and ‘The Big Short’ say about investor behavior
Do films about money offer investing truths or are they just Hollywood stories?
Wegovy gets FDA approval to reduce risk of heart issues in overweight adults
The FDA on Friday said it approved Novo Nordisk’s popular weight-loss drug Wegovy to reduce the risk of severe heart issues in overweight or obese adults.
Nvidia’s stock completes dramatic reversal lower not seen in almost seven years
Nvidia Corp.’s stock has been nearly invincible lately, and initially seemed on track Friday to log its seventh straight session of gains — before a dramatic reversal lower.
Amazon CEO Andy Jassy’s $9 million stock sale this week may be cause for caution
Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expert.
‘I’m very sad’: My brother refinanced our mother’s house and sold the contents. Can we claim a share of the proceeds?
“I wrote him a check for $5,000 15 years ago because my mother would have died on the spot if she had been evicted from her home.”
Office-to-residential conversions are facing obstacles under White House program, developers say
Property owners say time is running out as the real-estate industry’s finances grow more dire, and claim the federal government needs to remove funding obstacles preventing conversion projects from coming to fruition.
I used my RMD to give to charity but my accountant says I messed up and have to pay a penalty
There are some rules you must follow when using a QCD
CDs, I-bonds and TIPS: ‘Guaranteed’ investments may not be worth it
Certainty may be comforting, but you’ll pay the price
Why Reddit is ‘walking a tightrope’ with its IPO
The social-media platform could find itself at odds with its loyal user base as it strives for profitability, said Jon Keidan, founder and managing partner of venture fund Torch Capital.
More couples are buying a house now and getting married later. Four things they should know first.
Four decades ago, less than 1% of first-time home buyers were unmarried couples. Today, that number is 16%.
Biden said ‘working people’ pay more into Social Security than millionaires and billionaires — do you?
‘It’s not fair,’ the president said during the State of the Union address
Biden’s State of the Union delivery was good enough to be bad news for Democrats
Is it time now to prep your portfolio for a Trump return to the White House?
Rivian’s ‘stunning strategy’ wins over Wall Street
A surprise move for Rivian Automotive Inc. takes away, at least for now, concerns about the EV maker’s cash burn and rising costs.
Beyond Nvidia, these companies are making money from AI
Also: A stock-market approach for contrarians and advice from the Moneyist as he visits the West Coast.
Even in fields where women dominate, men outearn them. Here’s why — and what could help.
Women in the U.S. continued to earn less than their male counterparts in 2023, and not simply because they disproportionately work in lower-paying professions, They earned less than men in every occupation, including those dominated by women.
Bullard says February job report increases chance of Fed cutting interest rates sooner
A former top Federal Reserve official said Friday that the U.S. February job report increased the likelihood that the central bank would make its first interest rate cut soon.
Rats, bedbugs and freezing cold: A senior’s nightmare under a guardian’s ‘care’
A shocking exposé by the public-interest media group ProPublica reveals just what can happen to you in America if you get old and you don’t have the right system and paperwork in place to protect yourself.
Palantir’s biggest stock-market bull ups the ante after 54% rally this year
Palantir is proving itself “a clear leader in the AI arms race,” says Wedbush.
Rivian looks like it’s trying to get Apple’s attention
Apple could fit in either as a potential partner or an outright buyer of the EV maker.
Buy the pound, Bank of America says, as U.K. currency hits seven-month high
A somewhat softer-than-expected U.S. jobs report released Friday contributed to the British pound gaining 0.5% to trade at $1.287, the highest level since July.
This is how the government’s FAFSA delay is hurting college students like us
Students who need to know how much financial aid they’re getting in order to make their college decision are bearing the brunt of this year’s “dysfunctional” FAFSA rollout.
Costco isn’t raising its membership fee. Analysts are disappointed.
Costco, which reported fourth-quarter results Thursday, last raised its annual membership in 2017.
GE draws upgrade to outperform at JPMorgan ahead of its split into two companies
The industrial giant was praised as a “premium large-cap name” in commercial aerospace.
Oil prices trade lower ahead of U.S. jobs report
Oil futures are on track for a losing week.
Eli Lilly’s stock dips as Alzheimer’s drug delayed by surprise FDA panel meeting
The FDA is seeking to further understand topics related to evaluating the safety and efficacy of the drug, including results in patients who have taken it and the efficacy implications of the trial design.
Grifols shares rebound after KPMG greenlights accounts in wake of short-seller’s report
The Barcelona company has seen share price collapse since publication of a report from Gotham City Research in January
Taiwan Semiconductor shares climb after chipmaker posts early 2024 sales jump
Taiwan Semiconductor Manufacturing Corp. reported a 9.4% rise in January-February sales versus the year ago period, likely boosted by increased demand for chips that can cater to artificial intelligence software.
The 2024 Kia Niro vs. the Honda CR-V: Compare these two hybrid compact SUVs
Two hybrids that deserve a close look are the 2024 Kia Niro and the 2024 Honda CR-V. See which might be better for you.
February employment report likely to show 198,000 new jobs. Still too much for Fed’s liking.
Here’s what to watch in the February employment report, which will be released Friday.
George Santos says he’s going to run for Congress again
George Santos says he’s going to run again for Congress, targeting the seat of a New York Republican who helped expel him.
‘The tide hasn’t gone out.’ Howard Marks says 2025 will show investors who’s been swimming naked
The billionaire investor warned of a wave of debt maturities in 2025 that could plunge companies into bankruptcy
Broadcom’s stock falls, with AI set for stronger showing as other areas sag
Broadcom shares have rocketed some 50% over the past three months upon enthusiasm for the company’s ability to capitalize on AI spending.
Marvell’s stock drops as AI momentum is outweighed by pressure elsewhere
Marvell’s earnings outlook underwhelmed as the company called out “soft” demand in certain categories.
BigBear.ai’s stock sinks as AI company barely shows revenue growth
BigBear.ai’s latest earnings didn’t justify the stock’s 88% year-to-date rally in the eyes of Wall Street.
A Palm Springs house sold for $1.3 million in 2023 after zero days on the market. It previously sold for $611,000 in 2021. How is that possible?
This mother of all house flips has ended up in a bank-owned short sale less than one year later.
NYCB still faces big challenges after $1 billion cash injection
NYCB says not considering creating a ‘bad bank’ for problem loans
Broadcom stock’s options priced for a move of more than $110 after earnings
The options market has priced in a much bigger-than-usual move for Broadcom Inc.’s stock on Friday, in the wake of the semiconductor and software company’s fiscal first-quarter results.
Rivian unveils its new R2 EV. Here’s what you need to know.
Rivian Automotive Inc. on Thursday launched its next-generation EV, a compact SUV that can go from zero to 60 mph in less than three seconds.
MindMed’s stock soars 58% after FDA grants breakthrough designation to LSD therapy for a form of anxiety
The FDA’s move will speed up development of MindMed’s LSD-based drug as a treatment for generalized anxiety disorder.
BlackRock, Fidelity together rake in more spot bitcoin ETF inflows than Grayscale is losing
BlackRock and Fidelity have seen big inflows into their exchange-traded funds tracking spot bitcoin prices, attracting more assets combined than what has flowed out from Grayscale’s bitcoin ETF, according to Deutsche Bank Research.
I’m afraid inflation will eat into my retirement. How do I plan for Social Security and our pension?
“The pension is not a large one.”
Mortgage rates edge down. Home buyers are seizing the moment — while it lasts.
The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.
President Biden has created a ‘strike force’ to combat high prices. Experts wonder whether it will work.
‘This is an exercise in marketing, not competition promotion.’
Oil prices pull back after boost from U.S. inventory data
Oil futures consolidate after getting a boost from a big drop in gasoline and distillate inventories.
Stocks are taking the elevator up and the escalator down, which is very unusual
There is an old saying on Wall Street: stocks take the escalator up and the elevator down. But over the past few years, investors have flipped this tendency on its head.
Micron’s stock gets new buy call as it’s deemed another chip-sector play on AI
Stifel cheers roughly 25% upside as Micron makes a bigger push with high-bandwidth memory and sees DRAM supply tighten.
Trade deficit widens 5.1% to $67.4 billion in January, largest trade gap in nine months
The U.S. international trade deficit widened 5.1% in January to $67.4 billion, the Commerce Department said Thursday. It is the largest trade gap since April 2023.
Kroger’s stock surges after profit beat, pursuit of Albertsons buyout continues
Kroger’s stock leaped toward a near two-year high Thursday, after the grocery chain reported quarterly profit and same-store sales that beat expectations, and indicated it was still pursuing its acquisition of Albertsons Companies Inc. despite regulatory pushback.
U.S. unit labor costs revised slightly lower in fourth quarter
Overall productivity unrevised at 3.2% annual rate
GE’s stock extends weekly rally as GE Aerospace sets $15 billion buyback plan
The stock is on pace for the longest such streak since the nine-week streak that ended Feb. 18, 2011.
‘CPA is used generically.’ How to shop smart and save money when hiring a tax preparer
Tax season is here, and someone has to prepare your tax return. But who?
DWAC says Delaware court has cleared path for March 22 vote on merger with Trump’s social-media company
Digital World Acquisition Corp., the special-purpose acquisition corporation that’s seeking to merge with Trump Media and Technology Group, former President Donald Trump’s social-media company, said a Delaware court issued a ruling late Wednesday that will allow it to...
Wall Street is divided on whether bitcoin ‘froth’ will undo Fed’s rate-cut plans
What does the bitcoin rally mean for stocks and the Fed’s rate cutting plans? Two Wall Street banks weigh in with opposing views.
Novo Nordisk stock hits new record as it advances oral weight-loss drug
Novo Nordisk’s stock hit a fresh record high as the Danish drugmaker held a capital-market day, presenting the next-generation of drugs that have propelled it to becoming Europe’s largest company by market capitalization.
These mutual fund and ETF investing tips help you compete in any stock-market ‘March Madness’
Slam-dunk stocks, star managers, and bitcoin buzz.
Nikkei 225 slides, yen surges on Japanese wage growth acceleration
The Nikkei 225 fell below 40,000 and the yen surged after data showing accelerating wgae growth in Japan, boosting the prospects that it will soon end its negative interest-rate regime.
Nationwide to buy Virgin Money for £2.9 billion in challenge to Big Four U.K. banks
If completed, the merger would see Nationwide overtake NatWest to become the U.K.’s second largest mortgage and savings provider
Lobbyist group claims 97% of the public have a view on bank capital rules. Here’s its justification.
Does 97% of the public really have a view on Basel III Endgame bank capital rules?
Fed’s Kashkari says it’s possible he pencils in only one interest-rate cut this year
Minneapolis Fed President Neel Kashkari said Wednesday that he had penciled in two interest rate cuts in 2024 during the central bank’s last forecasting round in December, but added he may reduce the number of cuts he see at the Fed’s next meeting in two weeks.
Victoria’s Secret shares plummet on weaker sales forecast, amid subdued apparel demand
Victoria’s Secret said it forecast sales of $6 billion for the year ahead, below Wall Street’s estimates for $6.19 billion.
My daughter’s father died in a horrible accident, but he was not on the birth certificate. How can I prove paternity to claim her inheritance?
“He helped pay for school things, and bought her anything she said she wanted.”
My wife and I are selling our $1 million rental property. Should we pay off our $7,000 monthly mortgage — or invest the proceeds?
“My wife is inclined towards paying off the mortgage to achieve stress-free living and freeing up more cash.”
The future of IVF — and how much it will cost — is still up in the air
In vitro fertilization patients in Alabama can breathe easier now that state lawmakers have moved to protect access to the fertility treatment, but the future of IVF is still up in the air.
Why this stock-market timer just turned bearish, for a drop until mid-April
The tax deadline may be a key indicator of when investors may start selling.
NYCB’s stock plunges 45% after report it’s exploring a stock sale, highlighting uncertainty about its future
Troubled regional lender has asked banks to gauge investor interest in buying its stock, the Wall Street Journal reported.
Apple terminates Epic Games’ developer account in latest clash between the two companies
In the latest conflagration between Apple Inc. and Epic Games Inc., Apple has terminated Epic’s application for a developer account to launch an app store for iPhones in Europe.
This five-star fund manager keeps beating index funds by picking ‘hidden compounders’ and holding them for years. Here’s why he held Super Micro.
John Barr takes a long-term approach while waiting for selected companies to bloom.
Biden’s State of the Union: How it could shake markets — or reassure them
President Joe Biden is getting his annual chance to talk directly to millions of Americans with his State of the Union address Thursday night, and he’s sure to address inflation, immigration and other issues important to voters in this election year. His remarks are...
More high schools require financial literacy — a silver lining of the pandemic
The number of high-school students required to receive personal-finance instruction before they graduate is about to increase substantially — and bleak early-pandemic memories could be one factor driving the surge, some financial-literacy experts say.“The pandemic...
Magnificent Seven no longer a monolith as performance continues to diverge
The Magnificent Seven stocks are no longer a market monolith. After driving the bulk of the S&P 500 index’s 2023 advance, the group of seven megacap companies — typically defined as Nvidia Corp. NVDA, +2.43%, Apple Inc. AAPL, -0.35%, Alphabet Inc. GOOGL, -0.95%,...
Oil prices rise after Saudi Arabia raises prices for crude to Asia
Oil futures rose Wednesday after Saudi Arabia raised prices for crude sold in Asia, its largest market, and extended gains after official data showed U.S. crude inventories rose less than expected last week.Price moves West Texas Intermediate crude CL00, +2.80% for...
For 14th year in a row, the S&P 500 beat the majority of actively managed funds
A majority of active funds focused on U.S. large-cap stocks failed to beat the S&P 500 index last year, extending their track record of underperformance, according to S&P Dow Jones Indices. Sixty percent of all active large-cap U.S. equity funds lagged the...
Job openings in the U.S. stay at 8.9 million at the start of 2024
Job openings in the U.S. were unchanged at 8.9 million in January, the Labor Department said Wednesday.
EVgo’s stock jumps as EV-charging revenue triples
Shares of EVgo Inc. got a nice boost Wednesday after the company, which operates an electric-vehicle-charging network, reported fourth-quarter results that beat expectations, with charging revenue more than tripling. The company said growth in the usage of its...
Abercrombie & Fitch’s stock falls as sales beat by smallest margin in 6 quarters
Shares of Abercrombie & Fitch Co. pulled back Wednesday, as the apparel and accessories retailer’s quarterly results and outlook were good, but apparently not good enough to keep fueling the stock’s recent rocket ride to record highs. The stock ANF, +1.93% fell...
ADP says 140,000 private-sector jobs created in February. Labor market softening but still strong.
Story developing. Stay tuned for updates here. The numbers: American businesses added 140,000 new jobs in February, paycheck company ADP said, in a sign demand for labor might be slackening after a frenzy of hiring last year. Economists polled by the Wall Street...
Foot Locker’s stock dives as price cuts hurt margins, profit outlook disappoints
Shares of Foot Locker Inc. took a tumble Wednesday, after the athletic shoe apparel retailer provided a full-year profit outlook that was below expectations, and pushed back the timing of reaching its target for adjusted margins by two years. The downbeat outlook,...
United Natural Foods lowers guidance after sales fall short of estimates
United Natural Foods Inc.’s stock shed early gains to trade flat early Wednesday, after the grocery retailer’s fiscal second-quarter sales fell short of estimates and it lowered its full-year guidance. The Providence, R.I.-based company, which is attempting a...
There’s one big mystery in the everything rally: gold’s record-setting ascent
It seems almost every asset class has been hitting records: U.S. stocks, Japanese stocks, German stocks, bitcoin, gold. That last one is unusual. Rising prices usually generate speculative interest in an asset, but not here: Jim Bianco of Bianco Research posts this...
Mortgage rates stay put at 7%, but first-time buyers aren’t holding back
The numbers: U.S. mortgage applications ticked up, driven by an increase in first-time home-buying activity, despite rates staying over 7%. The overall market composite index — a measure of mortgage application volume — rose in the last week, according to the...
Grifols’ shares plunge further on short-seller’s new report
Grifols shares plunged by a further 14% on Wednesday following publication of another report from short seller Gotham City Research, raising additional questions about the Barcelona medicine maker’s “transparency, integrity, and ethical conduct.” Grifols’ share price...
Where home prices are rising the fastest — and the slowest
Home buyers continue to face rising prices due to a dire shortage of homes for sale in the U.S., and a new report reveals that Midwestern cities are facing the most upward pressure. According to a monthly report by the right-leaning think tank American Enterprise...
Final curtain call: The 2024 Chevrolet Camaro honors its muscle car roots, plus plenty of modern tech
ProsConsWhat’s new? Taking a curtain call in 2024, Chevy Camaro is the epitome of the all-American muscle car with heart-stirring performance and iconic styling. Pricing starts at $30,900. The 2024 Chevrolet Camaro returns basically unchanged. It sticks to its roots...
The 2024 GMC Hummer EV SUV: Reimagined, futuristic, luxurious off-road champ
The 2024 Hummer EV SUV is an electric SUV with stunning performance numbers, the latest tech features, and stellar off-road chops. Pricing starts at $96,550. After a hiatus of more than a decade, the Hummer nameplate is back. This time, it’s a sub-brand of GMC, and it...
DHL owner forecasts no recovery this year after 25% decline in full-year profits
Shares in DHL owner Deutsche Post fell on Wednesday after the German package courier posted a sharp drop in its full-year profits and said it expects to post similar results at the end of 2024. The Bonn headquartered company performed in-line with analysts’...
Box posts first $1 billion fiscal year as AI sales pick up
Box Inc.’s stock rose about 2% after hours Tuesday after the software company reported its first $1 billion fiscal year and announced a $100 million share-buyback program. “Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said...
Donald Trump met with Elon Musk seeking campaign donation
Former President Donald Trump met on Sunday with Elon Musk and other possible donors, according to multiple published reports Tuesday, citing unnamed sources. Trump hopes to have a one-on-one meeting with Musk soon, and it’s not yet clear whether Musk plans to give...
Tech investor Jason Palmer vows to deliver ‘conscious capitalism’ in his presidential bid
This interview was initially published in December. Palmer was the surprise victor in the American Samoa Democratic primary. Tech investor Jason Palmer wasn’t planning to launch a bid for the White House until he decided he had no choice. “I kept waiting for someone...
OpenAI says Elon Musk backed for-profit plans, and that it has emails proving it
OpenAI shot back at Elon Musk late Tuesday, refuting claims Musk made in a lawsuit filed last week, and publishing emails from Musk that appeared to show he had supported the company’s for-profit business plans. Last Thursday, Musk filed a lawsuit in San Francisco...
This stock-market breadth indicator is at its strongest level in nearly 3 years
A handful of megacap technology names were responsible for most of the S&P 500’s gains over the past year — but that has started to change in 2024, according to Bespoke Investment Group. While the so-called Magnificent Seven stocks — a group of top-performing...
Stocks with strongest demand for bullish options keep outperforming the S&P 500
Surging demand for options contracts has accompanied a rally for stocks this year as both professional and retail traders have piled into bullish bets on individual stocks at the fastest pace since the meme-stock craze, according to data from Cboe Global Markets. To...
Opinion: Nervous about the U.S. market at all-time highs? Buy China stocks.
Wary of U.S. stocks because you think the valuations look rich? China stocks are a solution. If you’re reluctant to buy, given all the negative headlines about China, counterintuitively that’s part of the reason to buy. Sentiment towards Chinese stocks is so negative,...
Gold looks to score another record-high settlement, but it’s ‘no gold rush’
Gold futures extended their rally on Tuesday and may mark a third consecutive session at a record settlement, but don’t call it a “gold rush” in the West, according to one analyst. Weak U.S. economic data lifted expectations that the Federal Reserve will cut interest...
Dementia is not an inevitable part of aging — these 3 things can help
One very normal concern we have as we age is the question of whether we will gradually slip into dementia, or Alzheimer’s (there is a bit of a difference between the two, by the way). The basic definition of dementia is a decline in mental function. Don’t worry:...
Music therapy provides new hope after strokes: ‘Patients got better faster.’
As a board-certified music therapist, Brian Harris knows firsthand the power of music to treat patients and transform care.He served as the first music therapist at Spaulding Rehabilitation Hospital in Boston, the teaching hospital for Harvard Medical School’s...
New York Community Bancorp may attract buyers for mortgage-servicing rights, says KBW
New York Community Bancorp may be able to raise capital to strengthen its balance sheet and cover potential loan losses by selling mortgage-servicing rights, analysts at KBW said on Tuesday. New York Community Bancorp’s stock NYCB, +10.81% was up by 10% Tuesday, after...
Jason and Travis Kelce’s ‘New Heights’ podcast could sign ‘$100 million’ deal
Star offensive lineman Jason Kelce retired from the NFL on Monday after 13 seasons with the Philadelphia Eagles, but will continue his burgeoning career as a podcaster. Jason and his brother Travis Kelce’s “New Heights” podcast, which launched in September 2022, has...
ISM service-sector gauge continues on soft pace of growth in February
The numbers: The Institute for Supply Management said on Tuesday that its service-sector PMI fell to 52.6% in February from 53.4% in the prior month. The drop was bigger than expected. Economists polled by the Wall Street Journal had expected the ISM index to inch...
Biden is slashing credit-card late fees. When will charges shrink?
Federal regulators are slashing credit-card late-payment fees.The Consumer Financial Protection Bureau finalized a rule on Tuesday that caps credit-card late fees at $8, a fraction of what most issuers typically charge. The rule is part of a broader campaign within...
British investors plow billions into U.S. stocks while avoiding U.K. markets
U.K. investors have started plowing billions of dollars into U.S. stocks, while continuing to pull their money out of British equities, in another sign of the troubles faced by the U.K.’s stock markets which are continuing to suffer from a lack of liquidity, low...
Here’s why AT&T’s stock should be taken more seriously, according to a new bull
AT&T Inc.’s stock may conjure up the sense of “apathy” or “negative muscle memory,” but Wall Street’s latest bull says it’s time for investors to take the stock more seriously. “Fundamentally, AT&T is on course,” Wolfe Research’s Peter Supino wrote in a...
Target’s stock surges as lower markdowns and shrink costs fueled big profit beat
Shares of Target Corp. shot up toward an 11-month high Tuesday, after the discount retailer reported fiscal fourth-quarter profit that was well above expectations, as lower markdowns and lower shrink costs boosted margins. The company said maintaining “appropriate...
The ‘nuclear renaissance’ is upon us. What investors need to know about uranium.
The market for uranium has calmed a bit after seeing prices for the commodity more than quadruple since the start of 2020, but bullish analysts say the nuclear industry continues to “build momentum,” and uranium production will fail to meet demand.The “nuclear...
Novo Nordisk says Ozempic helped patients with Type 2 diabetes in one new way
Novo Nordisk A.S. said Tuesday a five-year trial of its Ozempic weight-loss drug helped reduce the risk of kidney disease-related events in people with Type 2 diabetes by 24%. The Danish company disclosed the results of the trial called Flow after it was halted on the...
Macy’s bonds rally along with stock after investor group sweetens takeover bid
Macy’s Inc.’s shares climbed 15.4% Monday, and its high-yield bonds rallied along with them, after an investor group seeking to take over the department-store chain sweetened its bid by roughly $800 million. Arkhouse Management and Brigade Capital raised their bid for...
How Morgan Stanley’s bearish strategist may be right for the wrong reason
Surely everyone’s contrarian impulses were triggered by the sight of the guy nicknamed Dr. Doom saying the biggest risk to markets is that the economy does too well, and given the S&P 500 SPX did end lower (barely) on Monday, maybe a few people shared that...
My mother-in-law gave me a ‘diamond’ ring. It’s a fake. What should I do?
My mother taught me never to hold a grudge. It’s proven harder in practice than in theory: My mother-in-law gave me a “diamond” ring and said she wanted me to have it for everything I’ve done for her. I thanked her and let her know that it makes me happy when she is...
Oil prices consolidate as investors weigh China demand
Oil futures hovered near unchanged early Tuesday, consolidating after a pullback the previous session as investors weighed the demand outlook for China after the country’s leadership outlined its economic plans.Price moves West Texas Intermediate crude CL00, -0.22%...
Treasury yields dip as traders eye Powell testimony and jobs data later in week
U.S. bond yields fell early Tuesday as markets awaited midweek testimony from Federal Reserve Chair Jay Powell and February jobs data on FridayWhat’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y fell by 2.3 basis points to 4.587%. The yield on the 10-year...
10 top used sedan models you can get for under $30,000
The sedan segment has been “dying” for more than a decade now, and while it has certainly lost some ground to SUVs, the sedans that remain are among the best cars that have ever been made — sedan, SUV, or otherwise. If you’re shopping for a lightly used sedan with...
Tesla’s Berlin factory halted due to power outage
Production at Tesla’s Berlin factory was halted due to a power outage, German media reported Tuesday. The halt was due to a fire, suspected of being arson, in an area near the factory, Berliner Zeitung reported. Recently, environmental activists have been protesting...
S&P 500 futures dip amid concern of rally exhaustion and China worries for Apple
U.S. stock futures fell early Tuesday with Apple shares leading big tech lower after report of slowing China iPhone sales.How are stock-index futures trading S&P 500 futures ES00, -0.32% dipped 14 points, or 0.3%, to 5124 Dow Jones Industrial Average futures YM00,...
Jeff Bezos overtakes Elon Musk as world’s richest person, as Tesla stock slides
Tesla Inc.’s stock sank again on Monday, costing Elon Musk his title as world’s richest person. Amazon founder Jeff Bezos replaced the Tesla chief executive atop Bloomberg’s Billionaires Index on Monday for the first time since late 2021. It was the first time Musk...
GitLab’s weak earnings guidance is punishing its stock
GitLab Inc.’s stock dropped 22% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance. GitLab GTLB, +1.58% reported a fiscal fourth-quarter net loss of $37.6 million, or 23 cents a share,...
Stitch Fix and ThredUp shares hit hard amid ambitious transitions
With clothing demand still muted, online styling service Stitch Fix Inc. on Monday said it was trying to become a more “fun” destination for customers, while online second-hand shop ThredUp Inc. has been trying to make a bigger push into consignment sales. But both...
My stepmother wants me to relinquish my rights to my father’s estate. What now?
Unfortunately, he died unexpectedly last September. He had been battling a terminal disease. He was immunocompromised, and a double whammy of pneumonia and COVID-19 was just too much. My stepmother said if I claimed a share of their house, I would be responsible for...
Apple’s stock has had a sour 2024. This bull sees ‘a host of tailwinds’ ahead.
Some of the technology sector’s big 2023 winners have continued their ascents into this year, but not shares of Apple Inc. Shares of the iPhone maker were down 3% in Monday trading and they’re off about 10% to start 2024. But an Evercore ISI analyst sees “a host of...
EU’s record Apple antitrust fine is the start of a Big Tech regulatory crackdown
As Apple Inc. absorbs the regulatory body blow of a record $1.95 billion antitrust fine from the European Union on Monday, its legal team is bracing for yet another epochal action. The U.S. Department of Justice is in the final stages of a yearslong investigation into...
Two more U.S. stock indexes on track for record highs as rally broadens
Another two U.S. equity indexes are poised to reach record territory for the first time in more than two years, indicating that more U.S.-listed stocks are joining a rally that has been criticized for its dependence on Big Tech.The S&P 400 MidCap Index MID is...
Fed has the luxury of making policy without pressure of urgency, Bostic says
With the labor market strong and growth above trend, there isn’t pressure on the U.S. central bank to cut interest rates, Atlanta Fed President Raphael Bostic said Monday. “The good news is the labor market and economy are prospering, furnishing the FOMC the luxury of...
Boeing’s stock rises after American Airlines shows confidence in 737 Max jets
Shares of Boeing Co. turned higher Monday after American Airlines Group Inc. included the aerospace giant’s troubled 737 Max line in its orders for 260 new aircraft, which aims at boosting premium seating by 20%. American said its orders include 85 Boeing 737 Max 10s,...
Super Micro’s stock continues its huge surge. Here’s why Goldman is cautious.
Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock. With the shares up about 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated...
Nvidia among best-performing stocks that seem to be better values than a year ago
Some investors love to ride along with momentum, and the biggest question is always how long the big market moves may last. Over the past year, the U.S. stock market as a whole has gotten more expensive on a forward price-to-earnings basis. So this may be a good...
Opinion: What you need to know about taxes on bitcoin ETFs before you buy or sell
For all its opportunities, bitcoin BTCUSD, +6.05% has posed a number of challenges for investors. On top of the inherent difficulties of understanding blockchain terminology and the underlying technology, the challenges of understanding how to convert a fiat currency...
Bond yields edge higher as investors look ahead to Powell’s testimony
U.S. Treasury yields edged higher on Monday, struggling to unwind the big rally in government debt from weaker-than-expected economic data last week, while traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony and a fresh slew of labor-market...
True inflation may have peaked in late 2022 — at 18% — and still hovers around 8%
“Consumer borrowing costs in the U.S. have skyrocketed, but the CPI doesn’t count this. ” There are widely divergent perspectives between Wall Street, where exuberance has led the U.S. stock market to all-time highs, and Main Street, where the average American...
Vista Outdoor rejects unsolicited $35-a-share all-cash bid from MNC Capital
Vista Outdoor Inc.’s stock fell slightly early Monday, after the maker of sports and outdoor products including ammunition said its board has rejected an unsolicited bid from MNC Capital offering to acquire the company for $35 a share in cash. The offer was reported...
Low VIX caused by ETFs, not options-hungry day traders, says the BIS
Persistently low levels for the CBOE VIX index are likely the result of investors piling into yield-enhanced exchange traded funds, according to the umbrella institution for central banks. The Bank for International Settlements, based in Basel, Switzerland, says in...
JetBlue, Spirit Airlines terminate 2022 merger agreement
JetBlue Airways Corp. and Spirit Airlines Inc. said Monday they have reached an agreement to terminate their July 2022 merger agreement, sending the former’s stock up 6% in early trade. “Although both companies continue to believe in the procompetitive benefits of the...
‘Free Fire’ parent Sea’s stock soars after revenue beat amid e-commerce strength
Shares of Sea Ltd. soared toward a seven-month high Monday, after the e-commerce and online-gaming platform company reported fourth-quarter revenue that beat expectations. The Singapore-based company’s results were fueled by strength in its e-commerce business,...
Bank of America boosts S&P 500 target to 5,400. Here’s how it got there.
Futures suggest Wall Street’s new week will get off to a cautious start, albeit with major stock barometers holding at record highs.Over just the last three months the Nasdaq Composite COMP has climbed 13.8% and the S&P 500 SPX has gained 11.8%. Worrywarts are...
NYCB’s stressed multifamily loans cloud its outlook, Moody’s says in downgrade
New York Community Bancorp Inc.’s exposure to stressed loans for rent-controlled multifamily apartments and office space continue to weigh on the outlook for the bank, leading to its second debt downgrade in about a month from Moody’s Investors Service. “The...
Opinion: Big losses are pushing venture-backed startups and IPOs over a cliff
Startup companies increasingly are tumbling over a financial cliff, while others are hanging in mid-air like Wile E. Coyote before the inevitable fall. Startup shutdowns hit 770 in 2023, up from 467 in 2022, and for those startups lucky enough to get funding in 2023,...
Goldman Sachs says this tech stock rally is grounded in reality
There are several key differences between the tech-stock rally of this year and that of 2021, even as the euphoria has similarities with the last wave, Goldman Sachs’s top stock-market strategist says. David Kostin, in a note to clients, says companies that have an...
The 10 greenest cars of the year: No. 1 is not an EV
Millions of Americans want to cut their carbon footprints, help the U.S. economy get off of foreign oil, and save money at the gas pump. They’d do well to buy an electric vehicle. But, if they want to make a difference, they should buy a plug-in hybrid (PHEV). That’s...
Traders will be looking for subtle signs of shift at ECB meeting
Christine Lagarde is expected to give little away at the European Central Bank’s upcoming monetary policy meeting in Frankfurt this Thursday meaning markets will be left looking for subtle signs of the bank’s intentions as investors are increasingly pricing in cuts...
S&P 500 futures pause after another record-setting session
U.S. stock futures were steady early Monday, pausing after the S&P 500 advanced for the 16th week in 18 to reach a new peak.What’s happening Dow Jones Industrial Average futures YM00, -0.21% fell 75 points, or 0.2%, to 39067. S&P 500 futures ES00, -0.14%...
2024 vehicle loyalty study: Tesla has the most loyal buyers and most ‘conquests’
More than half (51%) of people who bought a new car in 2023 bought the same brand they had bought last time, according to S&P Global Mobility’s Automotive Loyalty Awards. Tesla TSLA, +0.38% claimed higher owner loyalty than any other car brand, repeating its win...
February job report, Powell’s visit to Capitol Hill are on investors’ radar this week
It is a crucial week for economists and investors as key economic data will be released, along with two days of testimony from Fed Chairman Jerome Powell before Congress. Powell testifies before CongressWednesday, Thursday at 10:00 a.m. Eastern Fed officials have been...
OPEC+ extends oil-production cuts, signaling no rush to restore lost volume
OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, will extend voluntary production cuts into the second quarter, Saudi Arabia’s official press agency said Sunday. The move was widely anticipated and signals that...
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar.However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or...
Investor group raises Macy’s buyout bid by nearly $1 billion
Arkhouse Management and Brigade Capital are raising their offer to buy Macy’s by almost $1 billion, in hopes of taking the department-store chain private. In a statement Sunday, the investor group said it was increasing its bid to acquire Macy’s M, +3.27% to $24 a...
Stock rally, rate-cut forecasts get tested by Powell’s testimony and jobs report
A four-month-long U.S. stock market rally, partly fueled by investors’ expectations for interest rate cuts in 2024 by the Federal Reserve, faces a test posed by pair of big events in the week ahead.The first is Federal Reserve Chairman Jerome Powell’s semiannual...
Dow companies made bigger-than-normal adjustments to profits in Q4
When public companies tell the world how much money they made over a quarter, they have to follow accounting guidelines intended to keep those financial figures honest and consistent. However, for better or worse, alongside the profit figures that comply with those...
Opinion: Investors need the U.S. to be the world’s growth engine. That’s a tall order.
“Optimism is fine, but pay attention to economic headwinds and risks. ” What happens in the United States does not stay in the United States. The global economy depends on America to act as a main engine of growth, and global financial markets depend on U.S....
Opinion: U.S.-China tensions over Taiwan threaten to derail Nvidia and other tech giants
The concentration of advanced semiconductor manufacturing in Taiwan has raised fears in the United States about the vulnerability of this supply chain should China blockade or invade the island. The U.S. CHIPS and Science Act seeks to address that vulnerability...
Opinion: This ‘Roaring 2020s’ market will keep stocks up and bring inflation down
Since the start of the 2020s, we’ve been comparing the current decade mostly to the 1920s and the 1970s. However, the S&P 500’s SPX 42.3% melt-up since Oct. 12, 2022, to a new record high last week has us considering whether another period represents a possible...
Heads up, millionaires: If you didn’t file taxes, the IRS will be contacting you
As millions of people in the U.S. file their annual income-tax returns, the Internal Revenue Service is telling millionaires who haven’t filed in years that they had better get to it. The IRS says it’s starting to send out more than 125,000 notices about unfiled tax...
Japanese stocks are at a record high, revealing a primary lesson about investing
Investors are drawing the wrong lessons from Japan’s Nikkei 225 Index JP:NIK topping its 1989 high last week. Many investment professionals claim this proves that stocks eventually produce a profit, if you just hold on long enough. In truth, the correct lesson to draw...
Opinion: Nvidia, AI-fueled tech stocks are heading for a ‘magnificent exuberance’ bubble
“ This will not end well, but not yet. It’s still early in the bubble.” Technical deteriorations in the U.S. stock market were apparent last week, but Nvidia Corp.’s NVDA, +4.00% blowout earnings report saved the day. The tech giant’s results beat Wall Street’s...
Opinion: How the power of ‘no’ can get you exactly what you want
In the business world, the word “no” holds significant power and serves as a crucial aspect of leadership and entrepreneurship. While it may be difficult to utter this simple two-letter word, mastering the practice of doing so takes practice and perseverance. Start...
Forget about Super Tuesday. For Trump, it’s going to be March Madness in court
Just as the presidential campaign season is set to kick into high gear with the Super Tuesday primaries, Donald Trump finds himself mired down in a perfect storm of legal problems. In March, the first of four criminal trials Trump faces is set to begin. He also must...
How to save for retirement while caring for an elderly or disabled family member
Becoming a caregiver for a family member is rarely a responsibility that people are financially prepared to undertake. Adult children of aging parents are often thrust into a position of taking parents to medical appointments, providing financial support for...
Opinion: Meet Sirius XM’s new odd couple: Warren Buffett and John Mayer
Warren Buffett, the famed investor, and John Mayer, the popular songwriter and guitarist, would seem not to have much in common. But one thing they both share is a big bet on Sirius XM Holdings Inc. SIRI, -3.39%, the satellite-radio company. Buffett’s interest comes...
Spanish online bank to offer clients AI-derived S&P 500 and Europe price targets
While the financial world is still in the early stages of figuring out how artificial intelligence will work for — or against — it, one bank is putting the technology to work picking stocks for clients. Openbank, the Spanish-based online unit of Santander Group SAN,...
I’m losing money on my rental. I have a $420K mortgage and a 7.9% interest rate.
Dear Big Move, I’m struggling with the idea of selling a rental property that has both a high monthly maintenance fee and a high mortgage rate. The costs to keep this house are currently higher than the monthly income it generates. I recently refinanced in order to...
Opinion: Can we cut Oprah Winfrey some slack? The struggle to lose weight is real.
Leave Oprah alone.Yes, Oprah Winfrey is in the news again — in this case, for her decision to sell her stake in WW International WW, +8.33% (formerly known as WeightWatchers) and leave the company’s board. The decision came after Winfrey announced, to considerable...
Nvidia’s stock sees one advantage that only two other chip makers share
You are probably aware that Nvidia Corp. shares have soared over the past year. But you might not know that as this has happened, the stock has become much more attractive by the most commonly used price-valuation metric. Shares of Nvidia NVDA, +4.00% closed at...
How much money do you need to buy a $400,000 house with a 7% mortgage rate?
Home buyers in the U.S. are facing an increasingly challenging real-estate market once again, as the 30-year mortgage rate heads back over 7%. But just how challenging is it to buy a home? MarketWatch worked with Redfin to estimate how much a potential home buyer...
Amid ‘streamflation,’ consumers are spending more on TV streaming than ever
“Streamflation” has been a hot topic with streaming subscribers recently amid a slew of price hikes by media companies like Walt Disney Co., which raised the price of its Disney+ and Hulu streaming services yet again in August. Yet escalating prices don’t seem to be...
U.K. pension funds to disclose domestic investment as U.K. stock market falters
Chancellor Jeremy Hunt on Saturday said U.K. pensions will have to disclose how much they have invested domestically, in a move meant to boost the faltering U.K. stock market. Under the plan, defined contribution funds by 2027 will have to disclose their level of...
How bitcoin’s upcoming halving differs from the crypto’s previous cycles
Bitcoin halvings have historically been viewed as a bullish event for the cryptocurrency — and the upcoming one, expected in April, could benefit from an even more ideal setup than in previous cycles, according to crypto-market observers. Halving is a mechanism...
AI is fueling a gold rush in data centers, the hottest buildings in real estate
The latest hot spots in commercial real estate aren’t in Manhattan or Miami.Instead of snazzy hotels or glistening office towers, the new property darlings are power-hungry data centers, often in places like Northern Virginia; Columbus, Ohio; and Salt Lake City....
How investors can ride along as a global commodity market shifts away from China
China has long dominated the world market for rare earth minerals, which are required components of many devices, including the one on which you are reading this article. NYCB saga continues Shares of New York Community Bancorp were down 24% in afternoon trading on...
Want free tax prep from the IRS? Direct File will open soon in these 12 states.
The Internal Revenue Service’s free tax-prep platform will soon be open for business. After slowly increasing capacity on its Direct File platform, the IRS will make the platform available to a wider audience on Monday, the agency said. The platform is expected to be...
Car sales climb 5.4% and offer fresh proof of strong economy
The numbers: Sales of new cars and trucks in the U.S. rose 5.4% in February, rebounding from a slow start at the start of the year and offering fresh evidence of the strength of the economy. Automobile sales increased at an annual rate of 15.8 million last month from...
Super Micro, Deckers to join S&P 500, replacing Whirlpool, Zions Bancorp
Data-server provider Super Micro Computer Inc. and footwear maker Deckers Outdoor Corp. will join the S&P 500 SPX stock index later this month, replacing Whirlpool Corp. and Zions Bancorporation, S&P Dow Jones Indices said Friday. Shares of both Super Micro...
Opinion: Most AI, software and semiconductor stocks are a crowded trade right now
“Don’t fall into the trap of thinking that every tech company which mentions AI belongs in your portfolio. ” Artificial intelligence is one of the most revolutionary technologies of our time, as I’ve been saying since 2022. Given Nvidia’s NVDA, +3.79% blowout...
Spirit AeroSystems’ stock up 14% after report Boeing in talks to buy supplier
News that Boeing Co. is interested in buying supplier Spirit AeroSystems Holdings Inc. was met with a mix of surprise and skepticism on Wall Street Friday. The Wall Street Journal reported earlier Friday that Boeing was interested in buying Spirit AeroSystems, a...
‘GRANOLAS’ vs. the Magnificent Seven: Which should you dig into now?
“Does the GRANOLAS’ impressive trailing performance mean the group is a good bet going forward? ” Wall Street loves a good story, as evidenced by the recent focus on a group of stocks called the “GRANOLAS.” These are a group of 11 European stocks that have led...
Kellogg’s ‘cereal for dinner’ controversy and price increases spur boycott calls
Days after the CEO of Kellogg’s KLG, +0.75% suggested that inflation-weary families should eat cereal for dinner, some outraged consumers pointed out that the cereal and snack company had raised its own prices in recent years and called for a three-month boycott of...
My friend invited me to a concert — and then asked me to take him for dinner
Dear Quentin, I have a good friend whom I like very much. He is one of those people I feel very comfortable around, as if I have known him for years. It’s hard to make friends in New York. People have so little time for friendship after work, the gym, kickboxing...
CVS and Walgreens will start selling abortion pill in select states shortly
CVS Health Corp. and Walgreens Boots Alliance Inc. said Friday they will start to offer the abortion pill mifepristone in select states starting this month. The drug-store chains will offer the medication by prescription only at their pharmacies in states where’s it’s...
No Fed rate cuts in 2024, top Wall Street economist warns investors
How about nothing? Does nothing work for you? Investors came into 2024 looking for six or more quarter percentage point interest rate cuts by the Federal Reserve, but now see only three. They should further revise that all the way down to zero, argued Torsten Slok,...
Plug Power resolves ‘going-concern’ issue, but stock drops as results underwhelm
Plug Power Inc. has resolved “going-concern” issues, but its stock was still falling in Friday’s premarket action after the alternative-energy company missed the mark with its annual results. While the company’s fourth-quarter earnings release was scheduled for before...
Why Dell’s stock is having its best day on record, lifting Nvidia, AMD shares
Dell Technologies Inc. is becoming cool again, emerging as a beneficiary of the artificial-intelligence trend that has sent shares of chip stocks like Nvidia Corp. and Advanced Micro Devices Inc. soaring over the past year. Wall Street continues to look for AI plays...
We’re physicians with 457(b) plans that we can’t roll over into IRAs. What now?
My wife and I are both physicians and we have been contributing to our employer-retirement plans since residency training. This includes Roth 403(b), tax-deferred 403(b) and tax-deferred 457(b) plans. I am 60 and my wife is 56, and we expect to continue working until...
US. manufacturers contract again in February, ISM finds, but business seen picking up
Story developing. Stay tuned for updates here. The numbers: A barometer of business conditions at American manufacturers fell again in February as orders declined and more workers were laid off, but executives said there were preparing for expansion later in the year....
VW stock slumps as automaker forecasts slowing sales growth
Volkswagen shares slumped Friday afternoon as the German automaker released its preliminary results showing virtually flat profit growth last year as it forecast modest sales growth. Europe’s largest automaker said its operating profit before special items for 2023...
Nio, BYD see EV deliveries drop sharply in February, but stocks rally
Shares of Nio Inc. and BYD Co. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies reported February deliveries that fell from last year and last month. Nio NIO, +5.89% said it delivered 8,132 EVs in February,...
DWAC discloses new lawsuits seeking to block merger with Trump Media & Technology
Digital World Acquisition Corp. on Friday again amended its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trump’s social-media company. In the new filing, the...
Here’s what a neutral chatbot thinks of Musk’s lawsuit against OpenAI and Altman
It’s the story of the day — Elon Musk is suing Sam Altman, and OpenAI, for allegedly failing to develop technology for the benefit of humanity. Who better to turn to than a chatbot for an opinion? Obviously, ChatGPT is biased, seeing as it’s produced by OpenAI. More...
Regional bank stocks dragged down by NYCB
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its accounting. NYCB NYCB, +5.51% was down 25%, after it announced an...
Oil prices rise after Gaza deaths heighten tensions
Oil futures rose Friday after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza. President Joe Biden said the deaths would complicate talks around a cease-fire between Israel and Hamas, according to...
New York Community Bancorp ‘is on its own’ to work out accounting mess: analyst
New York Community Bancorp Inc. “is on its to own” to figure out its accounting and other issues as it gears up to update its financials in the coming weeks. That’s according to Citigroup analyst Keith Horowitz after the regional bank disclosed “material weaknesses”...
Stocks can still rise even as momentum signals suggest caution, history finds.
The records keep tumbling. The Nasdaq Composite COMP has joined the S&P 500 SPX in securing a new high. Early Friday futures suggest a marginal dip from those levels at the opening bell.The S&P 500 has risen four months in a row, gaining 21.5%, its best...
Bond yields slip ahead of ISM manufacturing report
Bond yields slipped on Friday ahead of a key manufacturing report and a bevy of comments from Federal Reserve officials.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.6%, down 3.3 basis points. Yields move in the opposite direction to prices....
10 critical financial actions to take if you get laid off
Almost two million people in the U.S. get the bad news every month: they have been laid off. Whether they are retail clerks or rocket scientists, their bosses have decided that the enterprises will be more efficient without them. Being on the receiving end of a pink...
The 2024 Genesis G80: luxe interior, cool tech and tops in safety
The 2024 Genesis G80 continues to assert itself as an intriguing midsize luxury sedan contender. Pricing starts at $54,150.Midsize luxury sedans are alive, well, and thriving. There are exciting new generations from a couple of German contenders, comfy and dependable...
This chart shows why the Fed’s rate-hike campaign hasn’t generated a recession
One of the enduring puzzles of the current economic strength is how little impact the Fed’s rate hikes seemed to have caused — not generating the recession or crisis that every previous hiking cycle over the last 70 years has done. The hikes, from zero all the way up...
SoundHound’s monster stock rally cools after earnings
SoundHound AI Inc. had its first big moment in the spotlight Thursday since emerging into broader consciousness as an artificial-intelligence play, but its buzzy stock was taking a tumble. Shares of SoundHound SOUN, +17.03% fell 21% in Thursday’s after-hours action...
New York Community Bank’s stock falls on CEO change, ‘material weakness’ notice
New York Community Bancorp Inc. on Thursday announced an immediate leadership shakeup, including a new CEO, after the bank booked a big hit to its profits last year, said it had “material weaknesses” in its accounting protocols and disclosed other financial-reporting...
Opinion: Look out, Super Micro: Dell is cementing itself as an AI play too
Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. On Thursday, Dell Computer Inc. DELL, +1.51% and its quarterly results also overshadowed another rival,...
Congress votes to avert government shutdown
Congress on Thursday approved a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement. Facing an end-of-the-week deadline, the House of Representatives passed a bill to temporarily fund one...
Student-loan servicer blocking borrowers seeking debt forgiveness, report claims
Since January of 2023, Jason Evey has been calling into his wife’s student-loan servicer, MOHELA, to get the organization to process her debt forgiveness. His wife, Abigail Linn, has been teaching since 2007 and at her current public school since 2009. During all of...
The stock market ‘doesn’t look very bubbly’ to billionaire investor Ray Dalio
“‘When I look at the U.S. stock market using these criteria, it — and even some of the parts that have rallied the most and gotten media attention — doesn’t look very bubbly.’” — Ray Dalio, founder, Bridgewater Associates Stocks have made big gains off their October...
Low-income seniors get $115 million in housing help, but the need is far greater
Low-income older adults, including those raising grandchildren, just got a boost for housing assistance, but analysts say funding more is needed. The U.S. Department of Housing and Urban Development (HUD) recently announced $115 million in grant funding to support the...
I borrowed $20K from my mother, and repaid $5K. She has since died. What now?
When we sold our late mother’s house last year for $600,000; the equity was supposed to be divided equally by us four siblings (around $146,000 each). In 1996, I borrowed $20,000 from my mother interest-free to help buy my condo. I promised to pay her back in two...
U.S. stocks are off to their best start to a year since 2019
U.S. stocks remain on pace to cap a strong first two months of 2024. While the so-called Magnificent Seven tech stocks continued to lead much of the stock-market rally that propelled the S&P 500 SPX and the Dow Jones Industrial Average DJIA to record highs this...
Mortgage rates hit two-month high ahead of spring home-buying season
U.S. mortgage rates rose for the fourth week in a row to a two-month high, in a major blow to housing affordability. The 30-year fixed-rate mortgage rose and averaged 6.94% as of February 29, according to data released by Freddie Mac FMCC, +0.23% on Thursday. It’s up...
Doing my mother’s last tax return is the hardest financial task I’ve ever had
The official Internal Revenue Service instruction book for survivors, executors and administrators filing returns for deceased individuals in 2023 is 51 pages long, and that would seem to be sufficiently detailed and definitive. Yet, it hasn’t helped with most of the...
U.S. oil prices nudge higher, attempting to shake off rise in U.S. crude inventories
U.S. oil futures nudged higher in Thursday dealings, shaking off weakness attributed to data a day earlier that showed a further rise in U.S. crude inventories as prices for the commodity look to score back-to-back monthly gains.Price moves West Texas Intermediate...
What $1 million buys in the world’s most expensive real-estate markets
A million dollars doesn’t go very far in the most expensive real-estate markets in the world. According to the 2024 Knight Frank Wealth Report, $1 million would only buy 16 square meters of prime property in Monaco, the tiny but extremely wealthy country perched on...
I sold my home, but I am trapped by rising interest rates and prices. What now?
I wanted to share my experience with the current housing market and ask for advice on my next moves in a seemingly impossible situation. Let’s take a trip back to 2017. I was married at the time with three young children, and my then-wife and I were renters. We both...
Pending-home sales fall in January as mortgage rates rise
The numbers: Pending home sales fell in January as rising mortgage rates pushed buyers out of the housing market. Pending home sales fell 4.9% in January from the previous month, according to the monthly index released Thursday by the National Association of Realtors...
Apple to send buy-now-pay-later data to Experian, a ‘positive first step’ for users
Users of Apple’s AAPL, +0.02% buy-now-pay-later platform will soon have their payment history reported to one of the major credit bureaus, but it won’t affect their credit scores — at least not yet. The announcement marks the latest move by credit bureaus to gradually...
Best Buy’s stock jumps as gaming growth offsets smartphone weakness
Shares of Best Buy Inc. climbed toward a seven-month high Thursday after the retailer reported quarterly results that beat expectations, as growth in gaming sales helped offset continued pressure on other consumer electronics sales, including smartphones and tablets....
Jobless claims tick up in latest week
The numbers: Initial jobless benefit claims rose by 13,000 to 215,000 in the week ended Feb. 24, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new claims would rise to 210,000. Key details: The number of...
Viking Therapeutics offers new shares after stock soars
Viking Therapeutics Inc., the clinical-stage biotech that wowed investors this week with promising data from a mid-stage trial of its weight-loss drug, is bolstering its balance sheet by issuing new shares. The company, whose stock VKTX, +11.11% has gained an...
Bath & Body Works’ disappointing guidance overshadows earnings beat
Bath & Body Works Inc.’s stock fell 8% early Thursday, after the soap and perfume retailer said it expects earnings to fall in fiscal 2024, overshadowing better-than-expected fourth-quarter numbers. Columbus, Ohio-based Bath & Body Works, which was spun out of...
Opinion: Why the ‘golden age’ of retirement is a lie
There was never a “golden age” of retirement in America. Retirees 30 or 40 years ago did not have it better than retirees today. Retirees do not have it so much better in other countries. There is no nirvana of free everything for the over-65s. Anyone who thinks the...
Six Flags swings to a loss as company absorbs costs of Cedar Fair merger
Six Flags Entertainment Inc. SIX, -0.16% said Thursday it had a net loss of $22 million, or 27 cents a share, in the fourth quarter, after income of $10 million, or 12 cents a share, in the year-earlier period. The loss was due to merger-related transaction costs...
Bank of England to have majority women voters
The Bank of England will have a majority of women on its board as the U.K. Treasury said it’s named OECD chief economist Clare Lombardelli to be the next deputy governor of the Bank of England. Lombardelli will replace Ben Broadbent, who’s served two five-year terms...
Air France-KLM sinks to fourth quarter loss, IAG posts record profit
Shares in two of Europe’s top flag carriers took opposite trajectories on Thursday after British Airways owner IAG posted record profits for 2023, while its rival Air France-KLM reported it had swung into loss in the final three months of the year due to Middle East...
The Bud Light troubles at Anheuser Busch InBev continue as it redefines target for Argentina hyperinflation
The boycott of Bud Light by U.S. consumers continues, its parent company Anheuser-Busch InBev reported Thursday. Revenue fell 17.3% in the U.S. during the fourth quarter, including a 12.1% decline in sales to retailers, primarily due to the volume decline at Bud...
Science and sky lovers are gearing up for the 2024 solar eclipse
People in the path of the April 8, 2024, solar eclipse will be praying for a cloudless day. My husband and I’ll step out on our deck as we did seven years ago for a partial view of the 2017 eclipse. But this one is different, as we’ll be front and center for the big...
SEC reportedly probing OpenAI’s Sam Altman
The Securities and Exchange Commission is reportedly investigating whether Sam Altman misled OpenAI’s small coterie of wealthy investors. Altman was dismissed, and then brought back, as head of the company that produces ChatGPT last year. The Wall Street Journal...
Universal Music CEO on TikTok dispute: ‘My phone is open, unfortunately, 24 hours a day.’
““With regard to all of these platforms and I suppose specifically around TikTok, we like to be friendly. We’re friendly people, more than happy, my phone is open, unfortunately, 24 hours a day. And we hope that we will be able to find solutions.”” — Universal Music...
Opinion: Will Apple create a better AI? Questions abound as Tim Cook hints at what’s to come.
Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial intelligence into its products, and whether it is creating its own...
Apple shareholders reject AI-disclosure proposal
Apple shareholders rejected a proposal that would require the company to disclose its activities with artificial intelligence. The proposal, brought by AFL-CIO Equity Index Funds, would have required the company to generate a report on its use of AI in operations and...
Paramount posts surprise adjusted profit, as higher streaming prices boost revenue
Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform. Adjusted for impairments and...
10 stocks you can bet on being inflation-proof
New research shows that “quality” stocks — companies with high operating profitability but which are out of favor on Wall Street — are the type of stocks most likely to do well if inflation heats up. This same research also determined which stocks are the best bets if...
Why traders are focused on an obscure, but crucial, part of the financial system
It may be months before Federal Reserve officials are ready to take any action on interest rates, so traders are focusing on something else that ordinarily gets less attention: The undercarriage, or plumbing, of funding markets, where things could start to go awry in...
Coinbase error: some users are seeing $0 balances after traffic ‘surge’
Coinbase COIN, +3.04% has seen a “large surge of traffic” that has led some of its users’ accounts to appear to have a $0 balance, company CEO Brian Armstrong said Wednesday. The Coinbases Support X account stated that there may be errors in buying and selling on the...
Robinhood launches retirement benefits for gig workers
Brokerage platform Robinhood launched a new retirement product aimed at helping gig workers at Grubhub, Taskrabbit and Gopuff save for their future. With the new Robinhood Retirement For Independent Workers product, workers at those companies will get a range of...
Here’s how much money you’ll need to be part of the 1%. It varies by country.
Joining the world’s most exclusive club — the top 1% — has arguably never looked more doable, but a lot depends on the country in which you’re trying to achieve that status. That’s according to the 2024 Knight Frank Wealth Report, which lays out how many millions it...
Fed’s Collins wants to see inflation cool more before supporting rate cuts
The slowing of inflation must broaden out to other sectors before it will be appropriate to ease policy, Boston Fed President Susan Collins said Wednesday. “What would I need to see in the data to determine when it will be appropriate to ease policy?” Collins asked in...
Viking Therapeutics’ weight-loss drug data makes company takeover target
Viking Therapeutics Inc.’s stock rose another 8% Wednesday to extend its week-to-date gains to 145%, as analysts weighed in on its positive weight-loss drug news with some bullish commentary and said the company has become an attractive takeover target. The news from...
Alabama IVF patients turn to GoFundMe after court ruling affecting embryos
When Heather Maurer first saw on the news that Alabama’s Supreme Court had ruled that frozen embryos could be considered “extrauterine children” under state law, she didn’t think much of it. She and her husband, Chris Maurer, had already scheduled an appointment in...
Oil prices rise, buoyed by bets that OPEC+ will decide to extend its voluntary output cuts
Oil futures climbed on Wednesday, buoyed by a report that said major oil producers in OPEC+ may consider extending their voluntary production cuts into the second quarter. Data from the Energy Information Administration, meanwhile, revealed a fifth straight weekly...
Opinion: Think Donald Trump has promised not to change Social Security? Think again.
I have spent days trying to get a response out of Donald Trump, or one of his press officers, regarding a key issue about Social Security. In response, campaign spokesperson Steven Cheung sent me an email calling Nikki Haley a “moron” and a “birdbrain,” before...
Stripe’s $65B valuation means that fintech is attracting interest again
Stripe Inc. said Wednesday it’s providing liquidity to current and former employees in a so-called private-IPO transaction valued at $65 billion. While the “private initial public offering” may appear to be an oxymoron, it’s a term that bankers have been using to...
We have $3.9 million, but face a $60,000 college bill for our child over 5 years
I am 61, and recently retired with no current income. My wife is 55 and earns about $150,000 per year. I have approximately $1.5 million in 401(k)s while my wife has approximately $975,000 in her 401(k). Between the two of us, we have $300,000 in Roth IRAs. We also...
Disney teams with India’s Reliance Industries to form joint venture
Walt Disney Co. announced Wednesday an agreement with India’s Reliance Industries Ltd. and Viacom 18 Media Private Ltd. to form a digital-streaming and TV joint venture that will have exclusive rights to distribute Disney movies in India. The joint venture will...
U.S. economy’s growth in the fourth quarter downgraded to 3.2%, GDP shows
The growth of the economy in the fourth quarter was downgraded slightly to a 3.2% annual pace, but the U.S. is still expanding at a rapid clip and shows few signs of slowing down. The increase in gross domestic product in the fourth quarter followed an even stronger...
U.S. trade in goods widens 2.6% in January
Story developing. Stay tuned for updates here. The numbers: The U.S. trade deficit in goods widened 2.6% to $90.2 billion in January, according to the Commerce Department’s advanced estimate released Wednesday. Economists polled by Econoday were looking for the...
Warby Parker’s stock drops after surprise quarterly as gross margin keep falling
Shares of Warby Parker Inc. pulled back sharply Wednesday after the eyewear retailer reported a surprise fourth-quarter loss as gross margins continued to fall. The stock WRBY, +7.66% dropped 8.6% in premarket trading. The stock had run up 18% month to date ahead of...
Advance Auto’s stock rises after upbeat guidance for 2024 offsets quarterly loss
Advance Auto Parts Inc.’s stock jumped 7.5% early Wednesday, after the car parts maker’s upbeat profit guidance weighed against a quarterly loss as it continues to overhaul its business and rein in costs. Raleigh, N.C.-based Advance Auto AAP, +7.31% had a net loss of...
Actually, the U.S. is one of the least concentrated stock markets in the world.
For all the talk about the Magnificent Seven and the ultra-reliance of just a handful of companies to drive stock-market returns, it turns out the U.S. is in fact one of the least concentrated markets in the world. That’s according to the latest findings of the global...
Treasury yields hold steady with U.S. GDP revision due
Treasury yields were trading steady on Wednesday, as investors awaited fresh data on the state of the U.S. economy. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y was steady at 4.691%, after finishing slightly lower at 4.712% on Tuesday. The yield on...
Is leap day lucky for the stock market? Here’s what history says.
Leap day 2024 is almost upon us and investors may be wondering if a date associated with once topsy-turvy traditions has any significance for a stock market that’s kicked off the year with an epic rally. The answer, though it should be taken with a huge grain of salt,...
My friend’s husband pressured her to give up her job — and ‘lost’ her passport
I want to help a friend who is going through some challenges with her husband. My friend and her husband are both from India and work in the Pacific Northwest. They have twin daughters who are two years old. My friend’s husband appears to be a friendly and agreeable...
These are the 2024 SUVs that get the best gas mileage
Electric SUVs are becoming increasingly popular — and plentiful — but they are also expensive, and not everyone has access to a good home charger or public charging network. Thankfully, conventional internal combustion SUVs, hybrid SUVs, and plug-in hybrid SUVs are...
Bitcoin climbs past $59,000 as rally continues ahead of halving event
The price of bitcoin surged past $59,000 on Wednesday, touching levels not seen since late 2021 as a bullish run for the top cryptocurrency continued. Bitcoin BTCUSD, +4.50% was last up 3.7% at $59,142, just off a session high of $59,482. The crypto is roughly 14.5%...
Virgin Galactic narrows losses, but the space-tourism stock drops
Virgin Galactic Holdings Inc. lost less money than expected in the latest quarter, but its stock declined in Tuesday’s extended session. The aerospace and space-travel company logged a fiscal fourth-quarter net loss of $104 million, or 26 cents a share, whereas it...
Apple reportedly ends its longtime plans to build a self-driving EV
Apple Inc. is scrapping an ambitious, decade-long effort to develop an electric car with self-driving capabilities, according to reports Tuesday. Bloomberg News first reported that Apple AAPL, +0.81% executives made the announcement internally Tuesday, and that some...
I lost $240K after a friend I met on Instagram encouraged me to invest in crypto
Over the past six months, I was crypto scammed. I just retired and lost $243,000 that I don’t think I will ever see again. I have reported the company to the FBI, Federal Trade Commission, and a few others. Some of the money was from a SEP IRA. Is there something I...
Surge pricing has come to Wendy’s. Here’s how it already affects your purchases.
Surge pricing could be coming for your Wendy’s chili order.The fast-food chain with a red-headed mascot is leaving some people red-faced after the news that it plans to test “dynamic pricing” starting as early as next year. After the grilling, Wendy’s issued a blog...
Opinion: How the U.S. economy could slide into a Japan-like âlost decadeâ
In the 1980s, Japan appeared to have the world by the tail, only to see its economy collapse into a âlost decadeâ and general malaise. A similar fate for the U.S. seems unimaginable nowadays. The U.S. is scoring big wins in the latest, fast-growing...
Goldman CEO: People living paycheck to paycheck are cutting back even more
“‘I’ve talked to a bunch of CEOs that operate businesses that would have good insight into what I’ll call a more paycheck-to-paycheck kind of spending behaviors. I think that in the last few months you see a pattern of those behaviors tightening up, which means that...
How a government shutdown could affect you and your money
Parts of the federal government are soon set to start shutting down in the absence of a deal to extend funding, with some consequences for Americans’ pocketbooks — but not, traditionally, the stock market. With leaders in Congress remaining apart on a spending deal as...
Goldman Sachs could profit as IPO and merger activity climbs: analyst
Goldman Sachs Group Inc.’s stock was initiated with a buy rating at Edward Jones on Tuesday on expectations the it will outpace other financial stocks over the next five years as capital-market activity picks up. Analyst James Shanahan said a stronger environment for...
I inherited $70,000 in savings bonds. How do I avoid tax issues when I cash out?
Got a question about taxes or investing? You can write me at beth.pinsker@marketwatch.com. Dear MarketWatch, I have many mature EE savings bonds that I inherited from my mother as her pay-on-death beneficiary. I have been redeeming a few every year to avoid paying...
AMD CEO Lisa Su just sold $20 million in stock. Was it âopportunisticâ?
Advanced Micro Devices Inc. Chief Executive Lisa Su recently unloaded more than $20 million in stock in a move that struck one expert as a deviation from her past behavior but that the company said was nothing unusual. Su sold 125,000 AMD shares AMD, +1.02% last...
AMC shares set to continue winning streak as Q4 results loom
Shares of AMC Entertainment Holdings Inc. are up 5.9% Tuesday, putting them on pace to extend their winning streak to three days and register the biggest daily percentage increase since Feb. 14, when they rose 6.9%. The movie-theater chain and original meme stock...
Why Caitlin Clark could make more money staying in college â instead of the WNBA
Caitlin Clark is one of the biggest stars in college basketball. She is just 51 points away from setting the all-time scoring record in Division I history â menâs or womenâs. Peter Maravich currently holds the record with 3,667 points.Clark will likely be the...
Dow Jones edges lower as markets consolidate after run to records
U.S. stocks struggled for direction Tuesday, as traders eyed fresh data on slipping consumer attitudes but braced for a closely watched inflation gauge due later in the week. How stocks are trading The S&P 500 SPX dropped less than a point, or less than 0.1%, to...
Loweâs stock rises despite home-improvement retailerâs downbeat outlook
Shares of Loweâs Cos. Inc. fell Tuesday, after the home-improvement retailerâs big quarterly profit beat was overshadowed by a downbeat full-year outlook. While profit increased amid improved gross margin, sales fell from a year ago due to âa slowdown in...
AT&T users call $5 outage credit âa joke.â Legally, theyâre not owed anything.
Some AT&T customers are not satisfied with the $5 credit the company is offering for its massive service disruption last week, saying $5 is no longer enough to buy almost anything these days â and is not adequate compensation for the inconvenience caused by the...
Norwegian Cruiseâs stock jumps after company says it expects profit this quarter
Shares of Norwegian Cruise Line Holdings Ltd. rallied toward its biggest gain in 16 months, after the cruise operator provided a surprising profit outlook for the current quarter, citing continued âhealthy consumer demandâ and record bookings. The company NCLH,...
Macyâs to close 150 stores as part of plan to boost growth and revitalize brand
Shares of Macyâs Inc. fell Tuesday after the department-store chain announced a plan to revitalize its business that includes closing 150 stores and that resulted in a $1 billion charge. Macyâs said the plan also includes monetizing up to $750 million worth of...
What Keynes wouldâve done to fund the war in Ukraine
Treasury Secretary Janet Yellen on Tuesday gave her strongest endorsement yet of the idea of using frozen Russian assets to fund the war in Ukraine. But at a press conference from Sao Paulo, Brazil, ahead of the Group of 20 finance minister meeting, she did mention...
Smuckerâs profit tops estimates as Hostess acquisition sweetens its business
The J.M. Smucker Co. on Tuesday reported stronger-than-expected adjusted third-quarter profit, as it integrated its acquisition of Hostess Brands and total sales rose 1%. J.M. Smucker Co. SJM, -0.53% said its net income dropped to $120.4 million, or $1.14 a share, for...
Viking Therapeuticsâ stock doubles after company reports positive results in trial of weight-loss drug
Viking Therapeutics Inc.âs stock soared 100% early Tuesday, after the company announced positive results from a Phase 2 trial of its weight-loss drug VK2735, a GLP-1 receptor agonist that itâs developing in both injectable and oral form as a treatment for obesity...
I rent a duplex for $3,000 a month with a 3.5% mortgage rate. Should I sell?
I have a duplex rental property which brings in just over $3,000 a month in rent. I have a 3.5% mortgage with about $240,000 left to pay off. I net about $900 a month cash flow. There is potential for big-ticket maintenance items because the furnaces are 30 years...
Nvidia is now the king of the U.S. options market
Nvidia has already conquered the U.S. stock market. Now, it’s taking over the options market as well. Traders sunk more money into trading Nvidia options ahead of its earnings last week than the next four most-popular options plays combined, according to an analysis...
Therapist Allison Applebaum shares the lessons she learned as a caregiver
When Allison Applebaum talks about being her father’s caregiver in the last years of his life, she is referring to much more than changing sheets and doling out medicine. Perhaps the most important task she took on when she was helping her father, she says, was...
Jamie Dimon doesnât see an AI bubble: âThis is not hype. This is realâ
“âWhen we had the internet bubble the first time around ⦠that was hype. This is not hype. Itâs realâ” â Jamie Dimon, chairman and chief executive, JP Morgan Chase & Co. Thatâs JPMorgan Chase & Co. Chief Executive Jamie Dimon on artificial...
34% of Americans have never seen an EV in their neighborhood, survey says
Most automakers plan to sell all- or mostly-electric lineups in a little more than a decade. But, as with most new things, people are reluctant to say they’d consider buying something they’ve never seen. Studies show that Americans grow more willing to buy an electric...
When teens and young adults help older people learn technology one-on-one, great things can happen
British writer and theologian C.S. Lewis once said, “Mental pain is less dramatic than physical pain, but it is more common and hard to bear.” With all the attention to mental health and well-being, communities are trying to find ways to tackle this issue, which...
Chevron deal to buy Hess at risk as Exxon, CNOOC eye Guyana stake
Chevron warned it may not complete its planned buyout of Hess as Exxon Mobil and the China National Offshore Oil Corporation are saying the planned deal would trigger their right to boost their stakes in a Guyana venture. The warning came in a Securities and Exchange...
Record share of Americans call illegal immigration top problem facing the U.S.
A record share of Americans see illegal immigration as a “critical threat to the vital interests of the United States,” and the issue ranks as the No. 1 most important problem facing the country, according to a new poll published Tuesday by Gallup. Fifty-five percent...
Call Japan rally the âend of deflationâ market, says JPMorgan strategist
The current bull market that has seen the end of Japanâs lost three decades should be called the âend of deflationâ market, says JPMorganâs top Japan strategist. The note from JPMorganâs Rie Nishihara came as inflation data out of Japan once again came in on...
Bitcoin rallies to highest level since November 2021 as investors eye record high
Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency attract more capital into the space, while investors await the upcoming “halving” event, which has historically been bullish for...
Retirement balances at their highest in nearly two years: Fidelity
The fourth quarter ended on an upswing for retirement savers. Retirement-account balances hit their highest levels in two years amid improved market conditions and consistent savings rates, according to Fidelity Investments. The average 401(k) account balance was...
The big engine that could: U.S. economy barrels ahead and puts recession forecasts in rear view
The U.S. was supposed to suffer a recession from higher interest rates. It didn’t. Next economists predicted a big slowdown in growth. No dice. And now? The economy is going to be just fine after all. That’s the latest forecast by the nation’s leading business...
Dow Jones index struggling for relevance despite adding Amazon, say researchers
Amazon.com Inc.’s inclusion in the more than 125-year-old Dow Jones Industrial Average index still leaves the popular stock-market barometer with a “relevance” problem, according to Ned Davis Researcher. Amazon AMZN, +0.25% replaced Walgreens Boots Alliance Inc. WBA,...
Chief AI officer: A necessity for companies or an expensive impediment?
The hottest new job in the C-suite may also be the most challenging to fill and, ultimately, the most endangered.The mention of a chief artificial-intelligence officer elicits equal amounts of exuberance and eye rolls. It’s either the most crucial post within a...
Why investors should look beyond U.S. megacap stocks as interest-rate concerns ease
The âMagnificent Sevenâ stocks have shown no sign of slowing down so far in 2024. For investors who want to look beyond U.S. large-cap equities as the economic growth remains solid and concerns about higher interest rates seem to ease, one way to diversify and...
FTC sues to block merger between Kroger and Albertsons
The Federal Trade Commission on Monday sued to block the merger between grocery-store chains Kroger Co. and Albertsons Cos. Inc., saying the deal would stifle competition, raise grocery prices and harm workers and product quality. Nine attorneys general — from...
My father died without a will. His wife moved â and Iâm paying the mortgage.Â
My father died in 2021 with no will. He shared a home with his second wife. The house is financed under both their names with a small amount of equity ($40,000). She moved out of state shortly after he died. I moved into the house and have been paying the note...
Treasuryâs $63 billion auction of 2-year notes produces solid outcome
Mondayâs $63 billion sale of 2-year notes was met with good demand, according to a strategist.The 11:30 a.m. Eastern sale drew more indirect bidders than usual, with that group being awarded 65.2% versus an average of 62.8%, according to Vail Hartman of BMO Capital...
Dominoâs stock jumps as âemergency pizzaâ offer helps fuel earnings beat
Dominoâs Pizza Inc. delivered sharp gains for its shares Monday, after the pizza chain logged a profit beat for its latest quarter, amid strength in both delivery and carryout sales. What helped drive results that its rewards program increased by 3 million active...
Stock marketâs âalmost unprecedentedâ rally, as shown in three charts
This year, the normally grim month of February has delivered stock-market records around the world â in the U.S., Europe and Japan â although much of that is thanks to Nvidia Corp.â blowout earnings. Zeroing in on Wall Street, Deutsche Bank strategist Henry...
Amazon lost nearly $1 billion on its Rivian investment last week
Shares of Rivian Automotive Inc. rose Monday, but only after it just suffered its worst week since going public, in the wake of the electric-vehicle makerâs disappointing earnings report. That selloff has been pretty painful to some high-profile corporate investors...
Sales of new homes tick up in January
Story developing. Stay tuned for updates here. The numbers: U.S. new-home sales rose 1.5% to an annual rate of 661,000 in January, from a revised 651,000 in the prior month, the Commerce Department reported Monday. The number is seasonally adjusted, and refers to how...
Is Disney lagging on AI? Thatâs part of an activist investorâs latest critique.
An activist investor blasted Walt Disney Co. on Monday for its âmediocrityâ on artificial intelligence and augmented reality and continued a campaign for seats on the media giantâs board of directors. Blackwells Capital said that Disney DIS, +0.43% faces...
Dow futures steady ahead of busy data week as investors look for fresh catalysts
U.S. stock futures pointed to a mostly flat start for Wall Street on Monday, as investors braced for a busy week of data, and looked for more catalysts to take the market higher following a boost from Nvidia last week.How are stock-index futures trading S&P 500...
Jack Maâs Ant Group piles into fight with Citadel for Credit Suisseâs Chinese business: report
Jack Maâs Ant Group has reportedly outbid Ken Griffinâs Citadel Securities in the fight to acquire Credit Suisseâs Chinese banking business, in a sign the Alipay owner now intends to revisit prior ambitions following an easing of Beijingâs yearsâ-long...
Bank of Ireland stock sinks as provisions for commercial real estate rise
Bank of Ireland became the latest to flag worries about commercial real estate as it announced higher provisions linked to the sector, and saw its shares tumble on Monday. Alongside annual results, Bank of Ireland BIRG, -11.50% reported that its underlying net credit...
Opinion: Weâre spending more on leisure and travel. These 11 stocks will soak it up.
Leisure stocks are likely to outperform this year as emboldened consumers kick back and relax. Hereâs more on three economic trends supporting this trend and 11 stocks to consider, according to five money managers I check in with on this theme. 1. Consumer...
Opinion: Hereâs what Gen Z wants employers to know about how they work
“An increased expectation that work should have positive impact and meaning.” The majority of Generation Z have little to no memory of what office culture was like before the COVID-19 pandemic. Theyâve not had much opportunity to socialize or acclimatize, given...
Oil prices extend slide as traders assess demand outlook
Oil futures fell early Monday, extending the previous week’s decline as traders fretted about the global outlook for demand as expectations central banks will begin cutting rates soon continued to fade.Price moves West Texas Intermediate crude CL00, -0.27% for April...
Bond yields steady with two auctions on tap
Bond yields were steady Monday ahead of two big auctions and key economic data later in the week.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.69%, up 2 points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury...
The 15-minute city explained, and why the concept is gaining momentum
I slide my phone out of my pocket and click on the little green man. He says I’ve gone about 5,000 steps this morning. Yes, I’ve walked the dog around the block, but mostly it’s been errands: six blocks to the CVS CVS, +0.13% and back, a little less than that to the...
Boeingâs delays could see Ryanair hike prices by 10%, says CEO OâLeary: report
Mounting problems at plane manufacturer Boeing could see Ryanair forced to cut its schedules and increase prices by another 10%, the budget airlineâs CEO Michael OâLeary has reportedly warned. The low-cost carrierâs schedules were drawn up on the basis it would...
The all-new 2024 Hyundai Santa Fe: A roomy 3-row SUV with a minimalist interior
The Hyundai Santa Fe is all-new for 2024. It boasts a boxy new design, a roomier interior, and a class-leading warranty. Pricing starts at $33,950. The Hyundai Santa Fe will enter an all-new generation for the 2024 model year. It has a decidedly blocky new design and,...
Alcoa offers $2.2 billion in takeover bid for Australiaâs Alumina
SYDNEY â Aluminum producer Alcoa has agreed to an all-stock deal to acquire Australiaâs Alumina that values its equity at some 3.35 billion Australian dollars (US$2.20 billion). Pittsburgh-based Alcoa AA, -4.43% is offering 0.02854 of its own stock for each...
AT&T to credit $5 to many customers who were affected by service outage
AT&T Inc.’s chief executive apologized on Sunday for an hours-long nationwide service outage that affected some of its wireless customers last week, and said it will credit the accounts of many of those affected as compensation. AT&T later specified on its...
Half of aspiring home buyers say they earn too little to afford a house: survey
Home prices are so high that nearly half of would-be home buyers say they earn too little to afford a house, according to a new survey. The survey, by Bankrate, included responses from nearly 2,300 adults, 864 of whom were aspiring homeowners. It found that 54% of...
Should stock-market investors stop worrying about the Fed and just keep loving AI?
It might seem at times that investors care more about Jensen Huang than Federal Reserve Chair Jerome Powell.Huang is the longtime CEO of chip maker Nvidia Corp. NVDA, +0.36%, which stole the show last week by blowing away already lofty earnings expectations and...
Clothing and electronics retailers report this week, analyst caution endures
Over the past two years, clothing and electronics haven’t exactly been a big priority for shoppers, as they try to cover higher-priced groceries and gasoline. In the week ahead, results from retail chains like Macy’s Inc., Urban Outfitters Inc., TJX Cos. and Best Buy...
Trump could deliver lower oil prices but âmixed storiesâ for oil and gas stocks
While former President Donald Trump and his fellow Republicans often proclaim they want to stop what they call President Joe Bidenâs âwar on American energy,â analysts and environmentalists say the Democratic incumbent has not exactly acted in complete...
South Carolina primary: Trump beats Haley, but hereâs why sheâs staying in race
Donald Trump was projected as the winner in South Carolinaâs Republican presidential primary on Saturday over rival Nikki Haley, keeping him on track to become his partyâs 2024 nominee. The Associated Press called the race in the former presidentâs favor as...
Nvidia is now worth more than the GDP of every country except these 11
Nvidia Corp.’s NVDA, +0.36% meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product. The chip maker’s stock closed at $788.17 on...
Iâm 58, earn $4,400 a month. Do I really need to replace 80% of my income?Â
Dear MarketWatch, Iâve heard over and over that I will need 80% of my current salary in retirement. If Iâve been putting away 20%, will I need 80% of what I bring home or 80% of my gross salary? Iâm also curious if I will be able to retire at age 60. Iâm...
We want to retire to somewhere our kids and grandkids would want to live too. Our budget is $7,000 a month â where should we go?
Iâm retiring in six months and live outside of Los Angeles. Itâs really pricey here.  Iâm 68 and my wife is 61. We will have about $800,000 in total savings and IRAs, and an income of $7,000 monthly including my Social Security. We currently rent. We want to...
This practice can drastically reduce your risk of getting dementia
I don’t want to get dementia.I really, really, really don’t want to get dementia. Almost any other way of dying would be OK with me. Just, please, not that. And now it seems I will learn to play a musical instrument, too — though whether it ends up being the piano,...
How parents and grandparents can manage the expense of multiple college tuitions
Jared Young has been thinking about paying his children’s college tuitions their whole lives. Longer than that, in fact.“Before they were born, we were thinking about it,” says Young, 52, of Castalia, Ohio. With two children in college now and two children in high...
EAâs college-football game âtaking advantageâ of players with $600 payment?
Electronic Arts Inc. has finally revealed how much it will pay college athletes to appear in its highly anticipated upcoming videogame âEA Sports College Football 25.â A total of 11,390 college-football players from 134 FBS schools will be eligible to receive $600...
Managing billions while living paycheck to paycheck: Donât do what I did
Anne Lester knows a thing or two about financially overreaching, overspending and living paycheck to paycheck. Her own finances were stretched thin for a time, even as she successfully managed billions of dollarsâ worth of retirement assets for other people as the...
Buffett praises âarchitectâ Munger, but doesnât reveal new investment for 2024
Berkshire Hathaway Chairman Warren Buffett began his annual missive to investors on Saturday with a touching tribute to his longtime business partner, Charlie Munger, whom he credited as the conglomerateâs âarchitect.âBuffett also lamented the difficulty of...
My husband lost his job. Iâm a full-time mom. Should we sell our $400K rental?Â
Dear Big Move, My spouse lost their job during the pandemic and now our mortgages are well over the percentage of income/repayment guidelines. We have young kids and it made more sense to go the stay-at-home parent route given the cost of daycare. We still have our...
Opinion: IBM reopened their defined-benefit plan. Will other companies follow?
IBM announced last November that it would no longer contribute a traditional company match and instead reopen the cash balance component of its previously frozen defined-benefit plan. The question is, what other companies might follow suit? The answer is mainly big...
Iâm 73 and my adviser told me to buy $1.5 million in annuities. Should I do it?Â
I have $1.5 million in my 401(k) and $1.1 million in my IRA. I will be 73 in 2024 and must start RMDs.A financial planner suggested that I purchase $1.5 million in annuities and invest the other $1 million in stocks and bonds. Should I take my adviserâs suggestion?...
Nvidia flirts with $2 trillion valuation, but fails to finish there
Nvidia Corp. just fell short of finishing as one of only three U.S. companies to fetch a closing market value above $2 trillion. The chip maker’s stock NVDA, +0.36% rose as much as 4.9% in Friday’s session, which would have implied a market capitalization of $2.06...
Opinion: The âcardboard-boxâ recession is over. An out-of-the-box recovery is coming.
“The more goods that factories ship in cardboard boxes, the better it should be for the economy.” Now that Super Bowl LVIII is over and the Kansas City Chiefs won, many people are predicting it will be a down year for the stock market. Why? According to the âSuper...
Is this the new normal Xi Jinping promised the Chinese people? Yes and no.
Investors, consumers and homeowners — and just about everyone in China — are making adjustments to what appears to be a “new normal” of slow growth for an economy that had been white-hot for decades.Chengdu homeowner Zhong Weiyi, 58, worries whether his shrinking home...
Amazonâs stock could lose to Walgreensâ this year if the Dow jinx holds
The keepers of the Dow Jones Industrial Average have been very good at making sure the changes they make to the venerable stock-market barometer are seamless to investors, but nobodyâs perfect. How the 128-year old index DJIA is constructed is a secret closely...
Fed plans to keep interest rates high through the spring â no doubt about it
The modern-day Federal Reserve is often a Tower of Babel of sorts: Different voices saying different things about how high U.S. interest rates should be. Not so now. Top Fed officials are entirely in lip-sync these days about keeping a benchmark short-term interest...
Opinion: Nvidia earnings keep the stock marketâs bears in hibernation
The stock market, as measured by the S&P 500 index SPX, pulled back by a modest amount prior to Nvidiaâs NVDA, +0.36% earnings report Wednesday. The large-cap benchmark finally retreated enough to touch its rising 20-day moving average for the first time since...
Two years after Ukraine invasion, the corporate fight against Russia continues
Two years after Russia launched its full-scale invasion of Ukraine, Kyiv’s efforts to defeat Moscow are being played out not just on the battlefield but also in boardrooms around the world.Following its invasion and the imposition of U.S. and partners’ sanctions and...
After Nvidiaâs latest blowout, here are 20 AI stocks expected to rise as much as 44%
With Nvidia Corp. reporting another set of amazing numbers, itâs time for a broad look at the artificial-intelligence landscape to see which stocks are most favored by analysts. Hereâs a sampling of coverage of Nvidiaâs NVDA, +0.36% results for its fiscal fourth...
Some investors switch direction as Nvidia and AI stocks soar
Coverage of the stock market has been dominated by Nvidia Corp. this week, as another eye-popping set of numbers has made the case that we are still in an early phase of the infrastructure rollout to support artificial intelligence technology. But something else has...
Why Jamie Dimonâs $150 million JPMorgan stock sale could be reason for caution
JPMorgan Chase & Co. CEO Jamie Dimon dumped $150 million in the companyâs stock Thursday in his first-ever sale, a recent filing shows. He had previously indicated an intent to unload stock. Dimon sold 821,800 JPMorgan shares JPM, +0.50% at average prices near...
H&R Blockâs online tax prep tricked customers into paying more money, FTC claims
H&R Block made it too hard for taxpayers to opt out of pricier tax-preparation plans and tricked customers about what types of taxes could be done for free, according to allegations in a new complaint by federal regulators. The Federal Trade Commission said Friday...
More stocks are joining the marketâs rally, even as Big Tech gets the attention
A rally in Big Tech stocks received most of the credit for driving global markets higher this week. But in the U.S., they couldnât have done it without a little help from their friends. As the S&P 500 SPX booked its best weekly advance since early January, one...
Opinion: The scourge of fine print: Even Donald Trumpâs new sneakers come with caveats.
Like anyone else, Iâve made my share of financial mistakes, small and large. Iâve sold a house at the bottom of the real-estate market. Iâve bought exercise equipment I didnât use. And Iâve spent way too much on lottery tickets.But nothing quite frustrates...
My husband secretly set up a trust that includes our home. What should I do?
My husband and I married 10 years ago. It was a second marriage for both of us. I recently found out that after five years of marriage, he put all of our assets into trusts controlled by him alone. At that time, at his request, I also gave up a job that I loved...
Intuitive Machinesâ stock sinks 32% after Odysseus moon lander falls on its side
Intuitive Machinesâ stock fell more than 30% after hours Friday after the space-exploration company said that its Odysseus lunar lander had fallen on its side while landing near the moonâs south pole, hampering its communications with Earth. Intuitive Machines...
Trump merchandise sales are 80% below their peak at this yearâs CPAC, vendor says
Donald Trump is cruising toward the Republican nomination once again. But has the luster gone from his golden throne? Iâm outside Washington, D.C., at this yearâs Conservative Political Action Conference, which is pretty much MAGA central these days. And the queen...
Nasdaq 100 rose 3% for the first time since the dot-com bubble era. Why it brings up old memories of this âscaryâ period
The tech-heavy Nasdaq 100 index on Thursday scored a daily advance of over 3% to close at its all-time high for the first time since March 2000, a scene in some ways reminiscent of the dot-com era over two decades ago which led up to the bursting of the bubble...
Home foreclosures are rising in these states, but not at a worrying level yet
Foreclosures ticked up in January, signaling distress among some homeowners, according to a new report. The report by Attom, an analytics company that specializes in real-estate data, noted that the number of U.S. properties with foreclosure filings rose to 33,270 in...
‘No-landing’ scenario and strong stock market raise the risk of a bonds selloff
U.S. stocks soared to new heights on Friday amid growing investor optimism, which gave way to a new risk in financial markets: The possibility of a strong selloff in long-term U.S. government debt. Yields on long-term Treasurys â which were lower on the day, but not...
Iâve been diagnosed with dementia. I suddenly could not spell or write legibly.
I have been diagnosed with brain damage and dementia. Word to the younger folks: I woke up last year and suddenly could not spell or write legibly. No warning. No symptoms. I am getting worse, so I want to protect my wife of 24 years, and our finances. She will get...
How to write a memoir, according to retirees who have actually done it
At age 80, Sly Stone has written a memoir. The musician reflects on his ups and downs with brutal honesty, recalling his early fame, drug abuse, arrests and failed comeback attempts.Celebrity memoirs are nothing new. Their often-harrowing content can offer cautionary...
30% of Medicare Advantage subscribers arenât using their extra benefits
Medicare Advantage programs often tout their supplemental benefits such as hearing, vision and dental care as enticements for customers. Yet, many people arenât even using these benefits.In fact, three in 10 of Medicare Advantage customers arenât using any of...
A new Rivian bear emerges after rare two-notch downgrade; EV maker âheading off-roadâ
Rivian Automotive Inc. is âheading off-roadâ amid weaker demand for EVs and a strategy that is hard on profitability and cash flow, analysts at UBS said in a note Friday. âWe had been optimistic on [Rivianâs] product and brand ultimately winning out,â the...
Why are credit-card APRs so high? âNo reason other than greed,â advocates say
Credit-card issuers have been padding their interest rates, causing cardholders to pay inflated borrowing costs, according to new research from federal regulators.Though credit-card annual percentage rates have climbed since the Federal Reserve began hiking its...
American Airlines is changing frequent-flier rules â hereâs who is most affected
American Airlines will soon stop letting customers earn frequent-flier miles when they book trips on third-party travel sites â and the change will hurt some road warriors more than others. At the moment, American Airlines AAL, -0.84% passengers can earn miles when...
Nioâs stock dives after analystâs call to sell, given increasing competition
Shares of Nio Inc. were driven lower Friday, after J.P. Morgan recommended investors sell, as the dearth of new models could hurt sales given new launches from competitors. The China-based electric vehicle makerâs stock NIO, -7.44% sank 6.6% in morning trading, to...
“AI will double everyoneâs productivity,” says ex Google CEO Eric Schmidt
“âIâm going to claim without any proof whatsoever that AI will double everyoneâs productivity.â” â Eric Schmidt, former CEO of Google This is what former Google CEO Eric Schmidt had to say about the way artificial intelligence will transform the world, as he...
Why Citi analysts think banks will handle commercial-real-estate exposure
While commercial real estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to cover any impact to the system, Citi analysts said Friday. In reaction to regional bank-stock losses following trouble...
Bidenomics? More like Mr. Magoo, says hedge-fund manager Dan Loeb
Third Point founder and chief executive Dan Loeb, in a colorful way, isn’t a believer that the current economic growth will be sustained. In a now-deleted message on the social media service X, Loeb quote-tweeted a New York Times opinion piece arguing Bidenomics is...
DWAC lists concerns about Trump in SEC filing about Trump Media purchase
Digital World Acquisition Corp. said Friday it has updated its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trumpâs social-media company, to reflect new risk factors....
Blockâs stock heads for best day in 15 months as itâs now appealing in a new way
Judging by the sharp rally in Block Inc. shares, you could say it was a blockbuster quarter for the Square and Cash App parent company. Blockâs stock SQ, +5.41% was ahead 17% in premarket trading Friday and would log its best day in over 15 months â since it rose...
History shows Nvidiaâs blistering post-earnings rally wonât fade, says Citi.
Investors have been watching the meteoric rise of Nvidia Corp. with amazement, though some with trepidation over concerns the AI darling could give back some of that meteoric rise after blowout earnings reported earlier this week. But a new study from Citigroup finds...
Markets underpricing risk of populist politics in U.S. and abroad, Summers says
Former U.S. treasury secretary Larry Summers has said markets may be underestimating the risks posed by an upsurge in political turmoil that threatens to undermine the basic order and stability that has underpinned America’s economic growth in recent decades. The...
My $550K home has a 2.5% mortgage rate, but I donât like the area. Do I sell?
Dear Big Move, My husband and I canât decide between selling our house or renting it out. We live in Northern California in an area that we donât like. The house is cute, we have a 2.5% interest rate and $262,000 left on our mortgage. The Redfin estimate for our...
Companies have invested billions in DEI. Why isnât it helping Black workers?
The Value Gap is a MarketWatch interview series about confronting inequality that features business leaders, academics, policy makers and activists.Over the last several years, a lot of American companies started talking about race. Hundred of brands posted about...
S&P 500 futures ease from Nvidia-inspired record high
U.S. stock-index futures took a step back on Friday, easing after a powerful rally sparked by results from chipmaker Nvidia that stoked enthusiasm about a possible artificial-intelligence revolution.What’s happening Dow Jones Industrial Average futures YM00, +0.03%...
Jensen Huang sees wealth increase by $9.6 billion on Nvidiaâs share price surge
Jensen Huang saw his net wealth increase by $9.6 billion on Thursday following a major surge in Nvidiaâs share price that has lifted the wealth of the worldâs richest billionaires, according to Bloombergâs Billionaire Index.  The Nvidia CEO saw his overall...
It turns out, the better way to play Nvidiaâs success was FTX
As great as Nvidiaâs stock has done, there was a better way to trade its success in powering artificial intelligence applications: buying claims on the bankrupt FTX. Claims on the bankrupt crypto exchange previously run by Sam Bankman-Fried now have a bid-ask...
Reddit publicly files IPO papers, detailing plans to license data, sell more ads
Social-media platform Reddit â the home of AMAs, Wall Street Bets and thousands of other online communities â publicly filed its registration statement for an IPO on Thursday, detailing plans to push further into advertising, data sales and analytics, and what it...
Odysseus lander reaches moon, rockets Intuitive Machinesâ stock up 37%
Intuitive Machines Inc. made history Thursday when the Houston-based space-exploration companyâs Odysseus spacecraft became the first commercial lander to successfully reach the moon. The uncrewed Odysseus lander is also the first American spacecraft to reach the...
Why a drop in oil 10 years ago suggests the U.S. stock market is headed for a decline
U.S. stocks and oil can sometimes move together, but a period of decline for oil ten years ago indicates potential for a steep stock market decline that may begin this summer, according to Tom McClellan, editor of The McClellan Market Report. In what he referred to as...
Nvidiaâs stock price isnât the only thing that sets it apart from the rest of the Magnificent Seven
Nvidiaâs spectacular growth is hard to quantify sometimes. But this chart, from Sonu Varghese, global macro strategist at the Carson Group, helps put things in perspective. Itâs shows how Nvidiaâs NVDA, +16.40% earnings â or, to be more precise, analyst...
How Jacques Torres nails it as a chef, dad and retirement saver at 65
Sitting in the office of his Brooklyn chocolate factory, Jacques Torres is describing what is probably not a typical weekend for a fellow member of the cohort of baby boomers turning 65 this year. No thoughts of retirement or golf. No studying how to apply for...
Wall Street braces for more strong U.S. economic and inflation data next week
Another round of robust U.S. data is set to arrive next week, raising questions in the financial market about whether the economy can continue to avoid buckling under the weight of the highest interest rates in over two decades.The first revision to fourth-quarter...
Opinion: Forget the billions. How much will climate change really cost your family?Â
“As extreme weather disrupts supply chains, the cost of food is particularly susceptible to climate-related shocks.” The price we pay for climate change isnât cheap. The U.S. now experiences a billion-dollar extreme-weather event every three weeks, with climate...
This fintech startup is targeting a gap in lending as banks tighten credit
With banks facing higher interest-rates that bite into economic activity, not to mention the need to stockpile money for bad debts or unpaid credit-card bills, it has been harder to get a loan in the past year or so.At least one startup sees an opportunity. The...
Newmontâs stock falls as mining company plans dividend cuts, asset sales
Newmont Corp.âs stock fell 6% Thursday to put it on track for a nearly five-year low, after the gold miner said itâs planning to sell assets and reduce its dividend as it refocuses its portfolio. The stock NEM, -7.66% was trading around $31 putting it in sight of...
To save Social Security, they may come for your 401(k)Â
It looks like we had better ramp up our 401(k) and IRA contributions to the absolute max while we still can, folks. That means a full $30,000 this year, and more if youâre 50 or older:Â The 401(k) maximum for 2024 is $23,000 and the IRA maximum is $7,000, and savers...
Synopsysâs stock is another chip and AI play thatâs soaring after earnings report
Shares of Synopsys Inc. rocketed into record territory as the semiconductor-design-software company beat quarterly profit expectations and raised its full-year outlook, while touting its âturbochargedâ artificial-intelligence platform, Synopsys.ai. âThe first...
Nvidia-fueled tech rally puts Nasdaq Composite record in sight
An Nvidia-led rally is helping to push the Nasdaq Composite toward record territory, with the tech-heavy index near its first record close in 27 months. The Nasdaq Composite COMP, comprised of most of the stocks that trade on the Nasdaq stock exchange and one of the...
Royal Caribbean is tapping the high-yield bond market for first time this year
Royal Caribbean Cruises Ltd. launched a private offering of $1.0 billion of senior-secured eight-year bonds on Thursday, tapping the high-yield bond market for the first time in 2024. Proceeds of the deal will be used along with cash on hand and/or borrowings under...
Opinion: Removing 401(k) and IRA tax incentives would not save Social Security
Policy experts with the Center for Retirement Research and the American Enterprise Institute published new research offering a solution to the gloomy outlook for Social Security. The authors suggest that eliminating the tax incentives that come with a traditional IRA...
Capital OneâDiscover dealâs fate could depend on 2024 presidential election
Capital One Financial Corp. is aiming to become the largest credit-card issuer in the U.S. through a takeover of Discover Financial Services, in a combination that would test the Biden administrationâs commitment to reining in the excesses of the financial-services...
Fedâs Jefferson says he expects rate cuts âlater this yearâ
The No. 2 official at the Federal Reserve said Thursday that he thinks the central bank can begin to cut interest rates in 2024. âIf the economy evolves broadly as expected, it will likely be appropriate to begin dialing back our policy restraint later this year,â...
Stocks can get more expensive, says strategist. Donât get in front of FOMO for now.
The bulls are back in town â or maybe they never left. After blowing past forecasts, Nvidia is not only soaring, but mass enthusiasm is sparking stock records from Tokyo to Paris, and the S&P 500 doesnât look ready to be left out on Thursday. Down the road,...
S&P 500 in line for record as Nvidia results push Nasdaq futures up 350 points
U.S. stock-index futures surged on Thursday with the Dow and S&P 500 eyeing fresh records after Nvidia Corp.’s blowout earnings unleashed a wave of optimism that drove global markets higher. How ae stock-index futures trading S&P 500 futures ES00, +1.36% rose...
Wayfairâs stock leaps as job cuts allows for more work to get done, and faster
Shares of Wayfair Inc. soared Thursday, after the online home-furnishings retailer reported a narrower-than-expected fourth-quarter loss and said it returned to positive active customer growth after two years of declines. The quarterly results come about a month after...
These mutual fund and ETF investing tips can get you in step with the market
Don’t miss these top mutual fund and ETF investing features: Sign up here to get MarketWatch’s highlights of the most timely ETF news emailed to you weekly!INVESTING NEWS & TRENDSHas it become easier to beat index funds? The growth of indexing may lead to some...
Southwest reaches tentative contract with 18,000 transport workers after they rejected an earlier proposal
Southwest Airlines Co.’s stock rose Thursday after it said it reached a tentative agreement with the union that represents 18,000 of its staff that handle baggage, provisions and cargo for the carrier. Southwest shares LUV, +2.01% were up 0.7% in premarket trading as...
Opinion: Nvidiaâs growth and Intelâs chip-making plans depend on AI fulfilling its promise
“AI demand isnât slowing; it isnât stopping, and those who claim this is a phase or a hiccup in the market are clearly missing the significance.” This has been a big week for investors banking on the inevitable growth of artificial intelligence. After the U.S....
11 common financial mistakes â and how to avoid them
Apple Computer founded on April 1, 1976, by Steve Jobs and Steve Wozniak. Whatâs less well known is that originally there was a third co-founder, an engineer named Ronald Wayne. Wayneâs tenure at the company was short, though. Concerned by the riskâand by...
Google to halt Gemini tool from generating images of people after criticism
Google says it won’t let its artificial-intelligence image generation tool generate pictures of people after users complained it was showing racial minorities in historically inaccurate ways. The Gemini tool was lampooned Wednesday after users showed it generated...
Nestle’s sales fall as customers balk at higher prices
Nestle shares fell on Thursday after the worldâs largest food seller reported a sharper-than-expected drop in its full-year sales, caused by cost conscious customers balking at higher prices.  The Swiss company reported a 0.3% drop in its closely-watched real...
Tesla and Mercedes-Benz earn roughly the same. Tesla’s worth 8 times more.
The numbers are in, and the earnings last year from Tesla and Mercedes-Benz are almost identical. The German automaker said it earned €14.26 billion ($15.47 billion) in 2023, a decline of 1.7% from last year. Tesla, meanwhile, earned $15 billion, a 19% improvement....
European stocks hit new record for first time in two years
European stocks were on course for a new record high for the first time in more than two years as the semiconductor sector got a fresh leg up from Nvidia’s sparkling results. The STOXX Europe 600 index XX:SXXP, which represents a continent-wide list of the bigger...
Etsyâs stock is dropping on earnings miss, slow start to fiscal year
Etsy Inc.âs stock fell 8% in extended trading Wednesday after the company posted a quarterly earnings miss and warned of a soft beginning to its fiscal year. The online marketplace ETSY, +1.66% reported fiscal fourth-quarter net income of $83.3 million, or 62 cents...
Opinion: Nvidiaâs sheer dominance can be summed up by this one underrated number
Following a quarter when Nvidia Corp. grew data-center revenue and earnings each by more than 400%, another number illustrates the companyâs dominance even more. Among the record-setting elements of Nvidiaâs NVDA, -2.85% stunning fiscal fourth quarter was its...
Japanâs Nikkei stock index briefly tops record high
Japanâs benchmark index continues to scale new peaks, rising briefly above the record closing high level reached at the height of the Japanese asset bubble in 1989. The Nikkei Stock Average JP:NIK was 1.7% higher at 38,924.88 for a brief moment on Thursday morning,...
Whatâs behind the 34-year roundtrip for the Nikkei 225
The Nikkei 225 â an oddly constructed index covering the top 225 Japanese companies â is back at levels not reached since 1989. The Nikkei 225 JP:NIK rallied 2.2% Thursday to finish at 39,098.68, taking out the Dec. 1989 peak of 38,916 in the process. âAlthough...
For many, credit-card debt tops savings. Hereâs how to build an emergency fund.
Tim Whistlerâs credit-card debt gradually grew to about $8,000. The cost of everyday products rose, his monthly rent jumped from $1,000 to $1,400 over four years, and then last year, his son was born, adding entirely new categories of expenses. Like a growing number...
You can save $1,650 in the next decade by making this change to your coffee order
For years, coffee drinkers have been warned that a daily latte could wreak havoc on their long-term finances — the so-called “latte factor.”But maybe they should really be worried about that morning mocha instead. A mocha drink — that sweet sip that features espresso...
Fed officials more worried about cutting rates too fast than moving too slow, minutes show
More Federal Reserve officials are concerned about cutting interest rates too quickly than are worried about going too slowly, according to minutes of the Fed’s late January policy meeting, released Wednesday. “Most” officials noted the risks of moving too quickly to...
Opinion: OpenAIâs Sam Altman has plans for AI that could mean big money for Intel
“Many companies, including giants Nvidia and Qualcomm, will likely partner with Intel for packaging and/or wafer capacity, and this seems to be going somewhat unnoticed.” Iâm bullish on Intel for three main reasons: the leadership of Chief Executive Pat Gelsinger,...
Icahn Enterprises CEO to become head of Pep Boys
Icahn Enterprises L.P. said Wednesday that its current chief executive, David Willetts, will become CEO of Pep Boys, the automotive aftermarket service chain that it acquired in 2016. Willetts will be replaced at billionaire activist investor Carl Icahn’s investment...
I sold my house and invested in IRA CDs. They mature next month. How will I be taxed?
I’m 70 years old and I sold my house in August 2022 for $250,000. I invested the proceeds — after paying off the mortgage balance, car, etc. — in IRA CDs.If I cash out one of those IRA CDs for $11,000 plus interest after it matures in March, do I have to pay taxes on...
Bank of America CEO flags tug-of-war between inflation and higher wages but says consumers are still spending
“‘Yes, prices are up, but wages are up, unemployment is down, people are earning money. And so that’s the tug-of-war that’s going on. And they’ve moved the consumer to a different level of spending and capabilities. Will that hold is going to be an interesting...
Higher APRs? More rewards? How the Capital One-Discover deal impacts card users
Capital One Financial Corp.’s possible purchase of Discover Financial Services could prove a costly shake-up for credit-card users, according to consumer advocates and payments experts. The potential $35 billion merger has prompted concern from consumer groups, who...
Student-loan forgiveness: Do you qualify for this wave? How to check and apply.
The Biden administration announced it’s canceling $1.2 billion in student debt for 153,000 borrowers. So how do you know if you’re eligible for this latest round of relief? And if you’re not, how do you get on a pathway towards forgiveness? We answer some of these...
Intuitive Machinesâ stock takes a dive the day before planned moon landing
Shares of Intuitive Machines Inc. reversed course to trade lower in very active trading Wednesday, a day before the much-anticipated moon landing of the space-exploration companyâs commercial probe. In the latest update on the mission, the company said Thursday that...
My sister is a hoarder and delaying probate of our parentsâ estate. What now?
I am in my early 50s, divorced and working full time, and have been raising my only child, a teenage daughter, alone for the past 12 years. My daughter is estranged from her father, who pays child support. We live in Connecticut. My parents are both deceased as of...
Treasury yields hold steady ahead of Fedâs January minutes
Treasury yields were little changed Wednesday morning as traders waited for the release of the minutes from the Federal Reserveâs January meeting.Whatâs happening The yield on the 2-year Treasury BX:TMUBMUSD02Y dipped less than 1 basis point to 4.602% from 4.610%...
U.K. sanctions six Russians from ‘Polar Wolf’ prison camp where Navalny died
The U.K. government has sanctioned six Russian officials involved in running the âPolar Wolfâ Arctic penal colony in response to the death of Putin opponent Alexei Navalny inside the prison camp on Friday last week. The British response will see the head of the...
Wendyâs stock falls again as longtime bull turns tail amid price-cut concerns
Shares of Wendyâs Co. continued their post-earnings selloff on Wednesday, after a long-time bullish analyst recommended investors stop buying, citing concerns that price competition will grow more intense. The fast-food chainâs stock WEN, -2.50% fell 1.2% toward a...
Palo Alto Networksâ stock sinks toward worst day on record upon âabrupt pivotâ
Palo Alto Networks Inc. shares could be headed for their worst day on record as Wall Street frets about a strategic pivot thatâs expected to hit results in the near term. The stock was off 24.7% in premarket trading Wednesday after the company missed expectations...
Bausch & Lombâs stock soars 11% after earnings beat
Bausch + Lomb Corp.âs stock soared 10% early Wednesday, after the vision-care companyâs adjusted fourth-quarter profit topped estimates and it offered upbeat revenue guidance for 2024. The Vaughan, Ontario-based company BLCO, +1.96% had a net loss of $54 million,...
Glencore cuts dividend as earnings fall 50% on collapse in global coal prices
Glencore on Wednesday said its adjusted earnings had halved over 2023, following a sharp slump in global coal prices and it outlined plans to cut its dividend in order to pay down debts accrued from its $9 billion takeover of Teck Resources steelmaking coal assets in...
HSBC shares dive after $3 billion writedown of China bank stake
HSBC led the London market lower on Wednesday after a $3 billion hit to its operations in China saw the banking giant’s quarterly profits dive 80%. Shares in the U.K.-based lender HSBA, -7.60% HSBC, +1.31%, which makes most of its earnings in Asia, fell 7% after...
Natural-gas prices bounce 8% as Chesapeake plans production cuts
Natural-gas futures jumped sharply Wednesday morning, bouncing after ending the previous session at the lowest in more than 3 1/2 years after Chesapeake Energy, a major shale producer, cut its production outlook. Meanwhile, oil futures lost ground, on track for...
7% mortgage rates make a comeback, stifling home-buying demand
The numbers: U.S. mortgage applications plunged in the latest week as mortgage rates rose over 7% as hopes fade for a near term interest rate cut by the Federal Reserve. With consumer prices rising faster than expected, the market pushed back expectations on when the...
A majority of people would buy if mortgage rates fall to this level, survey shows
A majority of people still believe in the American dream of owning a home, a new survey shows, as long as mortgage rates fall enough to make the math work. With mortgage rates back over 7%, home-buying demand fell in the latest week, as buyers found it increasingly...
Amazon to join Dow Jones Industrial Average next week
Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect âthe evolving nature of the American economy,â S&P Dow Jones Indices said late Tuesday. Amazon AMZN, -1.43% replaces Walgreens Boots Alliance Inc. WBA, +1.50% in...
Hedge funds have started selling stakes in the Magnificent Seven, despite the bumper returns
Top hedge funds have started cutting their exposure to the Magnificent Seven tech giants, despite having generated gains due to the bumper returns provided by the popular mega-cap tech companies in 2024 so far, new analysis from Goldman Sachs shows. Hedge funds...
I was skeptical, then I started reaping the benefits of virtual reality workouts
Apart from watching instructional YouTube videos, playing New York Times word games on our phones and streaming a show over spotty Wi-Fi in the evening, my wife and I are not big techies. That’s why I was surprised when she hinted that she’d like a virtual reality...
Currency with King Charles III to enter into circulation in June
The first currency with a portrait of King Charles III will enter circulation in June, the Bank of England said Wednesday. The notes with Charles’s portrait will appear on the £5, £10, £20 and £50 notes. Notes with Queen Elizabeth II on them will still remain in...
BT to sell the BT Tower, which will become a hotel
London’s iconic BT Tower is being sold and will be converted into a hotel. BT BT.A, -0.05% said it’s selling the BT Tower to MCR Hotels for £275 million ($347 million). BT said network operations that were provided from the tower are now being provided elsewhere. For...
British nuclear sub missile launch fails during test for second time in a row, report says
A missile test-fired from a British nuclear submarine failed to launch, the second failed test in a row, The Sun newspaper reported, ahead of a Commons briefing to lawmakers on the topic. The first-stage booster didn’t ignite, so the missile with dummy warheads that...
Bed Bath & Beyond parent âdissatisfiedâ with Q4 results, reassessing its portfolio
Beyond BYON, +4.98%, the owner of Bed Bath & Beyond and Overstock, said revenue fell in the latest quarter and that it is reviewing its portfolio to meet its full-year financial goals. The location-based online retailer posted fourth-quarter loss of $161 million,...
Nvidiaâs stock heads for worst day since 2022, biggest market-cap loss ever
Nvidia Corp. is about to report another set of blowout results Wednesday, but Wall Street has come to expect that more and more from the chip giant. Perhaps thatâs why Nvidiaâs stock NVDA, -4.89% was sliding toward its worst day in over a year heading into the...
I asked my broker to convert my bonds to cash. He didnât. Can I sue?
I have a $1.5 million account with one of the major investment managers in the United States. In the fall of 2021, the stock market was weakening and the Federal Reserve was projecting that its benchmark rate would increase significantly from zero in the following...
AI stocks in S&P 500 are outperforming in 2024, and not just âMagnificent Sevenâ
Itâs not just the top seven companies in the S&P 500 that are benefiting from the stock-market craze around artificial intelligence, according to Bespoke Investment Group. Sixty-seven stocks in the S&P 500 that are related to AI have surged by an average...
3 ways a âMagnificent Sevenâ stock-market bubble could burst
Megacap technology shares remain in the driverâs seat as the stock market extends a narrowly led bull run into 2024, leading to an intensifying debate over whether the rally carries echoes of the 1990s tech bubble. âThe âMagnificent Sevenâ continue to drive...
Do you think youâre ready to retire? What you donât know should worry you.
Do you think you have plenty of money in savings and investments? Are you confident youâve got a handle on crucial aspects of retirement such as Social Security and Medicare? You might need to think again. While more than two-thirds of retirees and near-retirees see...
Opinion: Hereâs what people about to retire really need their 401(k) plan to provide
“Any financial professional or organization that gives rollover-related advice would have to adhere to the fiduciary standard.” Baby boomers and Gen Xers will leave the workforce by the millions over the coming decade. Yet many have no idea whether the money theyâve...
Has it become easier to beat index funds?
No, the stock market hasn’t become easier to beat. That’s important to keep in mind as a counter to the argument that, because index funds have “officially won” the battle to manage more money than actively managed funds, the stock market has become less efficient and...
Home Depotâs stock falls after U.S. sales disappoint, amid âbig-ticketâ weakness
Shares of Home Depot Inc. were knocked lower Tuesday, after the home improvement retail giant topped fiscal fourth-quarter net sales expectations but missed on U.S. same-store sales and provided a downbeat full-year outlook. âAfter three years of exceptional growth...