Stocks
People who do these jobs are 40% less likely to end up with cognitive impairment after 70
A new study on the risks of cognitive decline looked at 7,000 people in 305 occupations.
This ‘hidden gem’ of a city wants the tech world to take notice
Although it’s home to 11 Fortune 1,000 companies, Richmond, Va., has a “modesty problem.”
Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings
Technology stocks are broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.
Living to 95 may impact the world as much as AI and climate change
You need an “evergreen” approach to life, work and health, economics professor Andrew Scott says.
If recent stock-market weakness has you on edge, this might be your problem
4 ways to play defense from a market-beating fund manager
Activist investor Ancora ramps up pressure in Norfolk Southern board battle
The Norfolk Southern proxy fight is intensifying ahead of the company’s annual meeting on May 9.
Oil prices fall as analysts say Middle East tensions not likely to escalate
Oil prices retreated Monday as concern eased that the geopolitical tensions in the Middle East would disrupt supply.
CoStar pays big premium to buy tech company that creates virtual showings
Matterport’s stock skyrocketed Monday, after the provider of 3D “digital twins” of real estate properties agreed to be acquired by online real estate marketplace CoStar Group Inc. in a deal valued at $1.6 billion.
Chipotle kicks off Middle East expansion with first Kuwait restaurant
The Kuwait City restaurant marks Chipotle’s first entry into a new country in 10 years.
Albertsons’ profit tops estimates and offsets revenue miss
Chief Executive Vivek Sankaran said the numbers came against a “difficult industry backdrop.”
Opening arguments kick off Donald Trump’s historic first criminal trial. Here’s what to expect.
Trump faces felony charges for allegedly trying to cover up hush-money payments to adult-film star Stormy Daniels.
My daughter has special needs. Does the IRS have the authority to take money from a trust that I set up in her name?
“I am not in any trouble and nor do I currently owe any money to the IRS. However, I’ve had several expensive run-ins with the IRS.”
My wife and I bought a vacation home with a 6.6% mortgage rate. Should we sell our rental property to pay it off?
“The way I look at it, paying the mortgage off now would give us a guaranteed 6.6% return, which is higher than our return on the condo.”
Cardinal Health’s stock falls after company says contract with OptumRx will not be renewed after June
Drug distributor backs fiscal 2024 profit guidance despite end of contract that generated 16% of its revenue last year.
Verizon loses fewer subscribers than expected on key metric, and its stock rises
Verizon lost fewer net postpaid phone subscribers than expected in the latest quarter, as consumer gross additions ticked up and churn improved.
Quanex to buy British rival Tyman in $1.1 takeover that would pull U.K. firm off the London Stock Exchange
The $1.1 billion takeover would see the FTSE 250 company taken off the London Stock Exchange following a series of exits in recent months
Gold set for biggest one-day fall since December as geopolitical concerns ease
Gold prices are under pressure as the new trading week kicks off, with geopolitical pressures seen easing in the Middle East.
The 2025 BMW Z4: This quick and agile luxury sports car drives with flair
The 2025 BMW Z4 is a luxury sports car with speed, agility, and class. It’s good at what it does, and it’s not just a weekend toy.
Cars are piling up at dealerships, and that means discounts—but not for every brand
March saw an increase in the oversupply of new vehicles, but the situation changes from brand to brand.
Tesla cuts prices for many of its models worldwide, slashes cost of Full Self-Driving in U.S.
Tesla Inc. cut prices for many of its vehicles in the U.S., China and Europe over the weekend amid slumping sales.
Salesforce, Informatica reportedly can’t agree to deal terms
Salesforce Inc.’s bid to buy Informatica Inc. has sputtered after neither company could agree to terms, the Wall Street Journal reported Sunday night.
S&P 500 heads for worst month since 2022 as bond yields jump on inflation fears
The U.S. stock market’s bull run has hit a rough patch, as bond yields spiked this month on fears that a robust economy is helping to keep inflationary pressures alive.
The Magnificent Seven have gotten less magnificent ahead of earnings. This one could have the most explaining to do.
Four of the Magnificent Seven stocks will make their case to investors this week.
I bought an air fryer from Costco. Should I now buy gold?
The warehouse chain has done a brisk business selling the precious metal.
House passes bill that could lead to U.S. TikTok ban, and Senate’s OK looks likely
The U.S. House of Representatives has voted in favor of a revised bill that could lead to a nationwide ban of TikTok, setting the measure up for a Senate vote before President Joe Biden can sign it into law.
Here is a one-year CD that now pays 5.36% — thanks to the Federal Reserve
There are safe places to park your money and get a decent return.
I love small towns and rail-trails. My house budget is $200,000 — so where can I retire?
Looking for ideas on the best place for you to retire? Email HelpMeRetire@marketwatch.com.
Here’s what the S&P 500’s 50-day moving average is telling us now about stocks
The once-reliable market-timing indicator has lost its predictive power.
Juice up your S&P 500 fund for higher returns
What you add to the S&P 500 can spice up your results, for higher returns and possibly lower risks
Big pharma is looking to fatten profits with buyouts of weight-loss drug companies. Here are 4 candidates.
Even if they’re not acquired, these small companies are developing promising obesity and diabetes treatments.
IRA beneficiaries don’t have to take an RMD this year. But here’s why maybe they should.
Beneficiaries of individual retirement accounts don’t have to take required minimum distributions this year — a responsibility that can normally result in owing more in taxes.
Biden has lost control of the financial cycle ahead of the election
Mortgage rates are back above 7% and the Federal Reserve is no position to conduct multiple rate cuts before November.
How much stock exposure is enough for retirees? These 10 target-date funds offer clues
Funds pegged to retirement in 2020 still kept a meaningful allocation to the stock market.
This timeline charts oil prices reacting to Israel-Iran attacks so far. What comes next?
A volley of attacks between Israel and Iran isn’t rattling oil markets. Is crude priced for peace?
This chart shows why the stock-market rally should broaden out later this year
The earnings-growth differential between the largest S&P 500 companies and the rest is expected to shrink later in 2024.
I’m 55 with no kids. I was unhappy at work so I took early retirement. I’ve more than $2.7 million in stocks and $1.6 million in real estate. Is that enough?
”I expect to inherit close to $500,000, but I am not counting on that in my planning.”
Test yourself: See if you’re one of the few who can answer these 2 basic retirement questions
Financial literacy can make a big difference in how well prepared we are for retirement.
How to find off-market property listings, according to real-estate pros
Looking for off-market properties involves thick skin and some detective work, three real-estate pros say.
Why Elon Musk’s latest Tesla robotaxi promise is unlikely to deliver
If anything, autonomous vehicles seem to be further away from the ultimate goal of being fully self-driving.
Tesla earnings day is around the corner. So far, robotaxis are ‘just a buzzword.’
Tesla is heading toward its earnings day next week, and there’s plenty for investors to worry about.
Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.
Tesla’s stock suffers sixth straight slide as Cybertruck recall is announced
Tesla must recall nearly 4,000 Cybertruck vehicles due to potential problems with their accelerator pedals.
Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.
Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at least, not yet.
‘My boss didn’t even know’: Tesla employees talk about being shocked at how they were laid off
“I got the email on my off day, and they sent it in the middle of the night — no warning,” one former Tesla employee said about the layoffs.
Nvidia’s stock plunge leads Magnificent Seven to record weekly market-cap loss
The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week.
Tesla’s stock keeps getting cheaper — and Cathie Wood’s ETFs keep buying it
ARK Invest ETFs bought roughly $26 million of Tesla stock in the past three days, and more than $100 million in April.
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.
As Paramount’s stock soars, bonds see net selling despite juicy yields and discounted prices
Paramount’s bonds that mature in 2032 and 2036 are currently yielding more than 7%.
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?
Cinemark poised to reap the benefits of a better box office, says Wedbush, raising price target and estimates
Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.
AMC’s stock resumes rally, on pace for highest close since March
Shares of movie-theater chain and original meme stock AMC are up three of the past four days.
Why Super Micro’s stock is tumbling toward its worst day in two months
Some were hopeful Super Micro would give a positive update ahead of its official results, but that didn’t materialize when the company set its earnings date.
Tesla reports earnings next week — can you as an investor expect anything good?
Also: Netflix’s good numbers and a reporting change, buying a home off-market, and retirement investing strategies.
Norfolk Southern fires back at activist Ancora as proxy fight intensifies
Norfolk Southern has slammed the “flawed assumptions” of Ancora’s “highly unrealistic near-term financial targets” for the company.
Amex says cardholders are buying lots of ‘front-of-cabin’ plane tickets, as total spending grows 7%
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.
Trump Media’s ‘DJT’ stock rises again after call to stop ‘naked’ short selling
Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.
‘I’d rather wear a potato sack’: I’m a bridesmaid at three weddings. The brides chose ugly dresses — and I’m obliged to pay. Should I say no?
“I’m getting increasingly anxious about these mounting expenses, and I don’t know how I can possibly afford them.”
Netflix is undergoing a tech ‘rite of passage,’ and Wall Street doesn’t like it
Other technology companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.
Schlumberger posts profit gain for first quarter as revenue tops estimates
International revenue rose 18% to offset softness in North America, says CEO.
Mark Zuckerberg is now richer than Elon Musk as Meta launches new AI
Zuckerberg’s total net worth of $178 billion surpassed Musk’s $170 billion as of Friday, according to Bloomberg’s Billionaire Index.
P&G’s stock falls after sales miss, as baby and health-care volumes declined
Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.
Apple removes WhatsApp and Threads from China store after order from government: WSJ
The removal from the app store means Chinese mobile users are unable to download and use it via VPNs, which allow users to get around the country’s firewalls.
Five reasons why the stock-market’s ‘painful’ pullback may be nearing its end
It’s been a painful experience for investors over recent days. But it may soon come to an end says Tom Lee
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.
Seven places to retire for people who love cruises
If you plan to cruise a lot in retirement, being within driving distance of a major port can open up the world to you.
Nordstrom confirms it’s looking to go private, with founding family interested in deal
Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger profits.
Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran
Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.
Try a weekend beach escape to Pensacola: White sand, Blue Angels and blackened redfish
Opera in your flip-flops, mingling with artists, fresh seafood, white sand beaches, sailing and paddling are the makings of a fabulous Florida vacation.
Oil advances but off session highs after Israel retaliation avoids Iran’s nuclear facilities
Oil prices were modestly higher on Friday, following price spikes earlier after Iran fired defenses in military bases in response to drones in the air, suspected to be Israel’s.
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.
Stocks are bad at holding early gains lately. Can they avoid this six-year milestone?
The S&P 500 needs to end higher on Thursday to avoid a four-day streak of opening in the green, but closing in the red.
These tips for investing in mutual funds and ETFs can elevate your portfolio
This week: Retirement planning with target-date funds; fighting inflation with TIPS funds, and tapping into growth trends and buyouts.
3M may be poised to cut its dividend — and break with a 64-year tradition, says analyst
The company is grappling with legal settlements and a slowdown in growth and margins that are making its dividend difficult to sustain.
June Fed rate-hike risk looms as U.S. labor market stays strong
The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.
This century-old stock-market indicator suggests selloff is far from over
A stock-market indicator with more than a century of history is flashing a warning for investors, suggesting the selloff that began earlier this month may deepen.
White House ‘carefully monitoring’ gasoline prices to make sure they’re affordable, Biden aide says
The Biden administration is “carefully monitoring” gasoline prices to ensure their affordability for Americans, a top White House economist said Thursday, as prices have climbed compared to a month ago.
Elevance Health’s quarterly profit tops estimates to offset a revenue shortfall
The stock was on track for its highest close since Dec. 12, 2022, and its biggest percentage increase since July 14, 2023.
‘It’s the scene of an unsolved murder’: We put in an offer on a secluded cabin with 40 acres, but someone was killed there. Should we bail?
“It doesn’t really bother me that someone was killed there. However, what does bother me is the fact that this murder is still unsolved.”
Infosys’ stock falls for a 7th straight day, the longest loss streak in 2 years
Infosys’s stock continued its selloff Thursday toward a 10-month low, after the India-based information-technology consultant reported fiscal fourth-quarter revenue that missed expectations.
Eight stock picks in AI, obesity drugs, e-commerce and other growth areas beyond the S&P 500
Nicole Kornitzer of Buffalo Funds explains how she invests in “secular growth trends that can last a number of years.”
Bill that could lead to TikTok ban gets potential new path to becoming law soon
The prospects may have improved this week for a bipartisan House bill that could lead to a nationwide ban for TikTok.
Can you negotiate severance if you’re laid off? It’s possible — and it’s the ‘No. 1 thing’ most workers leave on the table.
Elon Musk apologized for “incorrectly low” severance packages in the latest Tesla layoffs. Here’s one way to protect yourself from future job cuts.
Leading index for U.S. economy retreats again in March
The leading indicators for the economy fell in March, just a month after posting its first increase in two years, but there’s little sign that growth is slackening.
Fed’s Williams says he doesn’t feel ‘urgency’ to cut rates
The Federal Reserve’s benchmark interest rate is in a “good place,” moving inflation down, and there is no need to rush to push it lower, said New York Fed President John Williams, on Thursday.
Jobless claims flat at 212,000 and still show no sign of rising layoffs
The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.
Philly Fed factory gauge jumps to highest level in two years in April
The Philadelphia Fed said Thursday its gauge of regional business activity jumped to 15.5 in April, from 3.2 in the prior month.
Oil prices on track to fall for fourth straight day as demand disappoints
Crude-oil prices continued to soften for a fourth straight day Thursday, with futures falling to their lowest level in three weeks.
The stars may be aligning for a repeat of last August’s stock selloff, warns JPMorgan
Investors dismissed a march higher in bond yields last year. That didn’t turn out so well, says JPMorgan.
Alaska Air’s stock up 1.6% after carrier’s loss is narrower than expected and revenue tops estimates
Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout
Good news for retirees as these ‘low-risk’ investments go on sale
This stampede away from certain assets has created a buyer’s market.
‘He left me for another woman’: During my divorce storm, I began withdrawing benefits from our joint and survivor annuity. Can I reverse this?
“I made a hasty decision to take early retirement as I was financially broke.”
Tesla shareholders shouldn’t be fooled again on Elon Musk’s pay package
Tesla Inc. shareholders have the opportunity to send a message to Chief Executive Elon Musk and his compromised board of directors by voting against Musk’s self-designed pay package.
Nokia says it expects rebound in second half of 2024 following 19% drop in first quarter sales
The Finnish telecoms company said a slump in infrastructure spending in the U.S. and India hit its first quarter revenue
Buy eBay and short Etsy, says Morgan Stanley in call on e-commerce
Morgan Stanley says investors should buy eBay and short Etsy in a call on the $1.1 trillion U.S. ecommerce market.
TSMC posts surge in profits as AI boom boosts high-tech chip sales
The Taiwanese chipmaker beat analysts’ forecasts following a surge in demand for its most advanced 3nm chips
CEO Anne Wojcicki looking to take 23andMe private
23andMe Chief Executive Anne Wojcicki is looking to take the beleaguered DNA-testing company private, less than three years after it went public.
The company that lost 99% of its value now has an explanation — a margin call
China Tianrui Group Cement last week saw its stock drop 99%, and then didn’t tell investors why for more than a week.
Silver has outperformed gold in 2024 and is on track for a 4th straight yearly supply deficit
Silver has been outpacing gold’s gain so far this year, and an annual report from the Silver Institute predicts that the global market for the metal is poised to mark a fourth straight yearly supply deficit.
Biden calls for tripling tariffs on Chinese steel and probing Beijing’s potentially unfair trade actions in shipbuilding
President Joe Biden’s administration rolled out new measures that aim to protect U.S. industries and target China on Wednesday, the same day Biden spoke in Pittsburgh to members of the United Steelworkers union.
Red Lobster may file for bankruptcy protection: report
Seafood restaurant chain Red Lobster may be headed for bankruptcy, according to a published report.
Fed’s Beige Book finds steady economic growth but little progress in reducing inflation
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in further reducing inflation.
Trump’s DJT stock rises for a change, for its best day since the ticker changed
Investors in Trump Media and Technology were enjoying a rare win on Wednesday, as Donald J. Trump’s social-media platform’s stock rallied on a day that the broader stock market fell.
AMC’s stock continues rally, on pace for best two-day stretch since October
Shares of AMC Entertainment Holdings Inc. continued their rally Wednesday, climbing 7.2% after ending Tuesday’s session up 10.1% to register their biggest gain since February.
Will the Baltimore Bridge collapse weigh on CSX’s earnings?
Railroad operator CSX reports first-quarter results after market close Wednesday.
How much money should you keep in your checking account? This TikTok user says she would ‘panic’ if her balance fell below $4,000.
There are downsides to keeping too much in checking, experts say.
Three reasons Generation X thinks reality bites when it comes to retirement
Gen X will start turning 60 next year, and they’re less optimistic than baby boomers about their retirement prospects. Here’s why.
Morgan Stanley reportedly planning four-part bond deal a day after blowout earnings
Morgan Stanley is planning to tap the investment-grade bond market later Wednesday with a four-part deal divided between four-year, six-year and 11-year notes, Bloomberg reported.
Can dementia be funny? How about elder scams? ‘The Conners’ mines difficult aging topics for laughs
You’d be surprised by the laughs you can get from a bungled attempt at credit-card fraud.
FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT
FTC’s five commissioners are due to meet next week to discuss the $8.5 billion deal.
Tech layoffs still in spotlight after Apple and Take-Two cuts. But how does 2024 compare to 2023?
The tech sector layoffs that characterized 2023 have continued into 2024 with a number of big-name companies announcing cuts.
Travelers’ stock suffers biggest selloff in 4 years after profit miss
Shares of Travelers Companies Inc. took a hit Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.
American pandemic savings have depleted faster than other countries. Is that good or bad?
Mohammed El-Erian took to social media on Wednesday to post a chart, drawing on International Monetary Fund research, showing that the U.S. has depleted pandemic savings faster than other economies.
IMF worried about global spillovers from loose U.S. fiscal policy
The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy.
Abbott Labs’ first-quarter results top estimates amid strong medical-device sales
Abbott Laboratories on Wednesday reported first-quarter sales and profit that topped expectations amid strength in its medical-device business.
Elon Musk again got no pay last year and Tesla formally asks for help changing that
Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.
Why the bond market still holds the cards as Fed walks back its pivot talk
Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cuts
Eli Lilly reports positive data in Phase 3 trial of weight-loss drug as treatment for sleep apnea
Zepbound reduced apnea effect by up to 63% and achieved about 20% weight loss after a year.
‘We’re pricing in an acceleration.’ Portfolio manager offers two stocks to protect from this big investor blind spot.
Markets are pricing in an acceleration, and not even a mild recession, warns Matt Stucky, chief portfolio manager, equities, at Northwestern Mutual Wealth Management. He’s got two stocks for that.
You’re paying a lot more for food these days. Here’s how to save money on groceries.
These expert-approved tips can help keep grocery bills within your budget.
Just Eat shares drop as falling takeaway orders in North America hit Grubhub owner’s sales
The Dutch takeaway seller reported a 6% drop in sales driven by plunging orders in North America
My mother-in-law, 75, has difficulty paying off her $52,000 mortgage and $20,000 HELOC. Should she sell her home — or take out a reverse mortgage?
“She can barely make her mortgage payment as all her income goes towards the house payment and living expenses.”
The revised, renewed and renamed 2024 Audi Q8 e-tron has longer range and better driving dynamics
The electric midsize SUV we knew as the Audi e-tron is now the Q8 e-tron, with longer range and cutting-edge Audi style.
LVMH weathers luxury market slowdown as fashion business bolsters sales
The luxury conglomerate posted a 3% increase in its organic revenue in the face of a post-COVID slump that has hit rivals including Kering and Burberry
ASML orders miss estimates as CFO says it’s still on track to meet 2025 goal
ASML Holding, the Dutch microchip equipment maker whose machines are so high tech that the U.S. limits what it can sell to China, on Wednesday reported worse-than-expected orders and a sharp drop in profit as the company works through what it calls a transition year.
Oil posts back-to-back losses, suffering from ‘uneasy calm’ on Middle East tensions
Oil futures notched back-to-back-session losses on Tuesday.
Rents have finally stopped skyrocketing. They’re now stuck at a price most Americans can’t afford.
Rent growth is slowing, but many cost-burdened households see no respite from rising prices.
ETFs that buy bank stocks are under pressure, lagging U.S. equities market
Exchange-traded funds that hold bank stocks were under pressure Tuesday afternoon, lagging the broader U.S. equities market.
‘Extremely active’ hurricane season may lead to late-summer surge in gas prices
U.S. gasoline prices at the pump probably aren’t too far from their likely peak this year, but a particularly active Atlantic hurricane season could lead to a late-summer surge in fuels costs, analysts warned Tuesday.
Fed’s Powell says likely to take longer to meet conditions to cut interest rates
Recent inflation data has not given greater confidence about declining inflation, Fed chair says.
Netflix is getting ready to body-slam the competition with live sports-entertainment content
For now, the password-sharing crackdown and advertising are likely to carry the day for Netflix, whose global membership stands at 260 million.
‘He has quit talking to me’: My father, 83, suffers from hoarding disorder and dementia. Do I have a right to intervene?
“I want to do what’s right and ethical as his child.”
Cutting interest rates is misguided — the easy money would only fuel inflation
The Federal Reserve should keep credit conditions tight for now.
Teslas have never been this cheap. Here’s why leasing or buying a used one may be the best deal.
The EV maker, which is laying off workers, has been slashing prices. ‘There’s a great opportunity for used-car buyers.’
How to save money on your internet and mobile data plan with the FCC’s new broadband ‘nutrition labels’
‘In the past, all of this stuff was hidden in small print,’ says one expert about the FCC’s new labels to help consumer compare broadband deals.
Do cash-gushing stocks outperform the S&P 500? Here’s what history has to say.
Here’s how selecting stocks five years ago by FCF yield would have worked out.
Fund managers are giving up on bonds in a way they haven’t in 20 years
Fund-manager allocations to bonds dropped by the most in more than 20 years as they become more optimistic on growth while becoming less convinced the Fed will succeed in fighting inflations, a survey published Tuesday showed.
Fed shouldn’t cut interest rates to boost U.S. financial stability, IMF says
The Federal Reserve should not cut interest rates with an eye on financial stability concerns, the International Monetary Fund said Tuesday, in its latest update on financial market risks.
Microsoft-allied Rubrik could be valued at more than $5 billion after IPO
Data security company Rubrik has set terms for its initial public offering, which puts it on course to be valued are more than $5 billion
This is the best hedge against unexpected inflation. It’s not what you think.
Gold is not the best hedge against unexpected inflation. Neither is bitcoin.
AMD’s stock can surge 40%, this new bull says — even as Nvidia still dominates
HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs.
European bank stocks are a better bet than U.S. peers, says JPMorgan
Investors should consider buying European bank stocks ahead of their U.S. counterparts, according to analysts at JPMorgan.
People who say they go to religious services weekly are probably lying, study finds
In what looks to be a clear violation of the Ninth Commandment, people are dramatically overestimating how frequently they attend religious services.
UnitedHealth swings to a loss but stock surges after adjusted profit beats views
Health insurer books a near $700 million hit from Change Healthcare hack during the quarter, sees more costs coming
Tesla’s earnings pressure builds as ‘gut-punch’ executive departure is confirmed
Tesla Inc. confirmed large-scale job cuts on Tuesday, as well as the departure of a key executive — moves that add pressure ahead of the company’s earnings report next week.
Stock-market pullbacks are price of admission, says strategist who expects bumpy gains
Keith Lerner, chief market strategist at Truist Advisory Services, said it’s normal for markets to pull back — only three years out of the last 40 was there not a pullback of more than 5%.
UBS increasing capital by $25 bln is right level, say Swiss authorities
Forcing UBS to hold some $25bn more in capital would be the “right” level, according to Swiss lawmakers.
How Salesforce’s potential Informatica deal is an unwelcome flashback to its old ways
Wall Street did not react well to reports that Salesforce Inc. might buy Informatica, as investors were reminded of its mixed track record at acquisitions.
Increase the retirement age, but only for those who can work longer
Let’s see if we agree on what the retirement age is today
Ericsson posts increase in profits as higher margins offset falling sales
Ericsson shares jumped 5% on Tuesday after the company posted an increase in its profits, as higher margins offset its falling sales
Gold to ‘shine bright like a diamond,’ hit $3,000 within months, says Citigroup
Citigroup analysts predict gold will reach $3,000 within six to 18 months, with more buyers piling in amid Fed rate cut hopes and geopolitical tensions.
Bill to boost child tax credit and corporate breaks looks almost dead on Tax Day
Analysts are not sounding optimistic on the tax package’s prospects in this election year.
They thought a degree would change their life. Instead, it left them trapped in school and in debt for years.
A $28.5 million deal between Walden University and its former students highlights claims of “reverse redlining.”
Reddit is bucking this big tech trend. Analysts view it as a positive.
‘We don’t really have capex to speak of,’ Reddit CFO Drew Vollero told MarketWatch on the day of the company’s initial public offering last month
Cisco’s stock could surge more than 20% on these three drivers, says BofA
BofA’s Tal Liani upgraded Cisco shares, cheering the company’s opportunity to benefit from networking growth on the heels of market-share gains.
‘Streamflation’ nation: Streaming platforms are overcharging us for subpar content
As costs escalate, the temptation to engage in password sharing, VPN usage, and reliance on third-party apps intensifies.
Here’s how much Caitlin Clark and the other top picks in the historic 2024 WNBA draft will make as pros
Hint: It’s less than $100,000
Oil prices a ‘chief concern’ for markets after Iran attack on Israel
U.S. stocks look to rebound on Monday, after fears over the conflict in the Middle East sparked a flight to safety Friday in U.S. markets.
12 ways to screw up your retirement savings
It’s easy to make mistakes when saving for retirement — even when you have money to invest.
The world is on fire — here are 4 economic ways to put it out
Why helping the poorest countries with debt relief and investment benefits all of us.
Gold falls from record high as market awaits Israel response to Iran attack
Gold futures trade sharply lower Monday, easing back after ending last week at a record high.
Nvidia is the No. 1 S&P 500 growth stock in this screen. See which other companies joined or left the list.
An updated screen of the S&P 500 by expected growth rates for sales, earnings and cash flow shows many changes from last year’s list.
DJT stock tumbles after Trump files for the sale of nearly 115 million shares
Trump Media’s stock tumbled Monday, after the social-media platform filed to issue new shares, and for current stockholders to sell off nearly 150 million shares.
How the WNBA is preparing for Caitlin Clark and the historic 2024 draft class
Monday is the WNBA draft, and Clark is expected to be selected No. 1 by the Indiana Fever. Ticket prices for its road games are already up 151% compared with last season.
I want to tap in to my 401(k) early. What ways are allowed?
There are a few new possibilities, thanks to Secure 2.0
‘Punishing myself would not help’: My credit card was stolen — the thief revealed lots of nasty surprises about my finances
“The best and riskiest part of credit cards is you don’t have to think about the bill for 30 days.”
It’s Tax Day. Here’s what time your return is due — and how to file for an extension.
For many taxpayers, it’s still possible to get free last-minute tax prep in time for the April 15 deadline.
Retail sales rise sharply and could boost U.S. GDP in the first quarter
Sales at retailers rose a robust 0.7% in March and outlays in February were also stronger than initially reported, indicating the economy got a decent boost from consumer spending in the first quarter.
Goldman Sachs’s stock soars 3.7% after first-quarter earnings crush estimates
Goldman Sachs saw a rebound in investment banking as deal flow improved.
Crude-oil prices slide as markets see muted reaction to Iranian attack on Israel
Crude-oil prices retreated on Monday after an Iranian attack on Israel caused little damage, helping to diminish expectations about a broader conflict involving the two bitter rivals.
Corporations have broken capitalism. Here’s how to fix it.
Customers come before shareholders.
‘She burned his papers’: My elderly neighbor named me as his power of attorney. Can his estranged daughter object?
“He and his daughter had not seen each other or spoken to each other in at least three years.”
Adidas wins double upgrade at Morgan Stanley, thanks to ‘Spezial’ and other shoes
Morgan Stanley has upgraded Adidas shares to overweight, saying “channel checks point to building positive sentiment and top-line momentum.”
Temenos shares rally as independent review says short seller’s claims were ‘misleading’
An independent review rejected allegations made Hindenburg Research that knocked $2 billion off Temenos’ market capitalization in February
Medical Properties Trust shares rally on Utah hospital deal
Shares of beleaguered hospital real estate owner Medical Properties Trust soared in preopen trade on Monday after the company agreed to sell Utah hospital properties.
Jeep’s cult-favorite pink Wranglers are back, and it’s not a Barbie thing: The ’70s sitcom that inspired the color
The last time they offered it more than 30,000 customers jumped for it, and the company had to extend its run to meet demand.
Apple loses spot as world’s top smartphone seller as iPhone sales drop 10%
Global smartphone sales increased by 7.8% year-on-year driven by Chinese firms Xioami and Transsion’s double-digit increases
The step-by-step investor guide to navigating armed conflicts
This survival guide is not specific to any particular crisis at hand but based on an analysis of the extensive empirical literature on the impact of wars, civil wars, terror acts, and similar events.
Consumers’ bad feelings about a good economy shouldn’t be ignored, Boston Fed President says
In a conversation with MarketWatch, Susan Collins said she is wary of a negative self-fulfilling prophecy among pessimistic Americans.
Fresh uncertainty around Fed rate cuts exposes the stock market’s winners and losers
Higher U.S. inflation is dashing investors’ hopes for multiple Federal Reserve rate cuts this year, while opening the door to 5% Treasury yields across the board and cleaving the stock market into distinct categories of winners and losers.
Netflix earnings on deck. It could be a lot harder to please investors this time around.
Netflix’s stock has been on a tear over the past year, as the streaming platform gradually adopts the traits of the thing it once upended — a regular TV station.
Bitcoin and other cryptos rebound, but remain lower after Iran attacks Israel
Cryptocurrencies were clawing back some territory on Sunday, the day after a selloff following Iran’s missile and drone attack on Israel.
Cryptocurrencies plunge as Iran begins attack against Israel
Demonstration of how crypto assets can react to global events when more traditional investment instruments are not available for trading.
The stock market is testing the bulls to see if they have what it takes
Maintain a core bullish position but keep your powder dry.
Do you avoid the stock market’s worst six months or hold on?
Why ‘buy and hold’ does better than ‘sell in May and go away’ and most other market-timing bets.
My teenagers filed taxes for the first time, and they weren’t happy about it
They asked some good questions I couldn’t fully answer — even though I’m a “smart money person.”
I need to take RMDs from a 401(k) with $400,000. Should I invest in a Roth IRA or CalSavers?
“Do I just have to ‘bite the bullet’ and pay the taxes?”
Extreme tariffs on Chinese imports could hurt the U.S. more than China
Americans already pay more for China-sourced goods.
Nvidia doesn’t have a monopoly in AI — though it sure seems that way
Pricing power and lack of competition are driving Nvidia’s growth, but rivals are gaining traction.
An investment club helped this woman retire at 60 — even after her employer cut her pension
“One thing I always wanted to have was financial freedom.”
Here’s a simple stock-market timing system you can use that beats all the others
‘Seasonality Timing System’ shifts into and out of stocks using nothing more than the calendar.
Got a bigger tax refund this year? It might seem like a ‘happy surprise’ — but don’t get too excited.
This year, there’s an additional reason to stay sober about refunds — and it stems from how the tax code deals with the rising cost of living.
With inflation running hot, Series I bonds are still a smart move for yield and tax advantages
Even if your high-yield savings rate stops going down, you should think about your long-term cash plan.
This fund has outperformed with stocks that are ripe targets for other companies
Here’s a look at another strategy to continue a series of articles about ways to diversify beyond broad index strategies in the stock market.
Delta’s results are further proof that the carrier is a winner, say analysts
Delta is showing strength in a capacity-constrained environment, according to Melius Research.
Fears of Israel-Iran escalation are driving stocks lower. Here is what investors need to know.
Cracks in the stock market’s big rally in the past five months intensified on Friday as investors worried about a potential escalation of tensions between Iran and Israel.
Small-cap stocks ‘challenged’ as inflation pushes out Fed rate-cut expectations, warns BofA
U.S. small-cap stocks are “challenged” as Wall Street pushes out expectations for when the Federal Reserve may begin lowering interest rates due to concerns over persistent inflation, according to BofA Global Research.
‘She doesn’t like to rock the boat’: My mother will spend millions taking care of my aging stepfather. What can I do?
“It has been stated that he is not leaving my mom anything and that all his money will go to his kids.”
Tesla’s latest self-driving push? A price cut on its FSD software.
Tesla’s FSD software is the “crux” of the bull case for the company’s stock, an analyst wrote earlier this week. Now, the company has made a move that could get more drivers to try it out.
Apple’s stock was the Dow’s biggest winner this week — for the first time since November
Apple Inc.’s weekly stock gain wasn’t too much to write home about in the absolute, but it was good enough to be the largest in the Dow Jones Industrial Average.
Biden’s message to Iran: ‘don’t’ attack Israel — but he warns it could come ‘sooner than later’
President Joe Biden on Friday afternoon urged Iran not to attack Israel, with his remarks coming after reports said a direct attack could come as soon as Friday or Saturday.
UL Solutions’ stock soars 21.5% in trading debut after upsized IPO priced at high end of range
Stock of the testing, inspection and certification company shines in its first day of trading on the New York Stock Exchange.
Rent the Runway is on track for its best week ever after putting up meme-stock-like gains, but the stock is still way down overall
Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting shares on pace for their best week on record.
U.S. large-cap stocks post biggest weekly outflow in 16 months, say BofA strategists
U.S. large-cap stocks saw their largest weekly outflow since December 2022 in the past week, according to BofA Global.
Iran-Israel fears sink stocks as traders rush to gold, Treasury bonds
Reports that Israel is bracing for an imminent attack by Iran sparked a scramble for safety across markets on Friday, inspiring traders to dump stocks in favor of Treasury bonds, gold and the U.S. dollar.
Zoetis’s stock falls 8% after report that its arthritis shots may have sickened pets
Company says drugs are safe and effective, but can have side effects
JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings
JPMorgan’s stock gives back some of its gains for the year as first-quarter results trigger selling.
Cha-ching! Trump on track for $1 billion stock bonus — while outside investors lose up to 50%
Donald Trump is poised to make a huge profit from his latest venture, even as outside investors lose their shirts. Stop me if you’ve heard this one before.
‘We’ve had our ups and downs’: My late in-laws left their estate to me, my husband and our son. Do we need to hire an attorney?
“None of us want to buy the other out.”
A $1.50 sandwich? Despite inflation, food at the Masters golf tournament is still among the cheapest in professional sports.
Food prices in the U.S. are up 2.2% over the past 12 months, but at the Masters, a pimento cheese sandwich is still $1.50 and no food item costs more than $3.
How to get financial advice for free
Also, estate planning, a successful stock-market timing strategy and tips about housing and taxes.
Why it’s so expensive to own a car right now, in 5 charts
The good news for car owners? The price of a new car is finally getting cheaper. The bad news? Just about every other cost of owning a vehicle is getting a lot more expensive.
Consumer sentiment falls in April on worries about sticky inflation
An early reading of consumer sentiment in April retreated from a 32-month high, a sign of some frustration on the part of Americans about lingering inflation.
Inside the secret meeting where Donald Trump’s ‘catch and kill’ trial began
Soon after Trump announced his run for president in 2015, he allegedly hatched a plot with his lawyer and the publisher of the National Enquirer to pay to make damaging stories go away.
Frustrated with filing taxes? I just fixed your 2025 return. No charge!
Americans spend an insane amount of time and money doing their taxes. There’s got to be a better way.
Nvidia just keeps getting stronger, and that could be trouble for this stock
Wall Street may be overestimating Arista’s ability to capitalize on AI, and that’s partly because of Nvidia’s growing strength, says an analyst.
Import inflation rises for third month in a row. Higher oil prices play big role.
Import price index increases 0.3% in March
Oil prices bounce on continued Mideast tensions, but head for weekly decline
Crude futures moved higher Friday morning, shaking off weakness seen after the International Energy Agency lowered its forecast for oil-demand growth, with jitters around Middle East tensions providing support.
Labour party to face ‘uphill struggle’ in fight to boost U.K. economy, JPMorgan says
The U.K.’s Labour party will cruise to victory but is set to face an “uphill struggle” in its fight to revive Britain’s troubled economy, a JPMorgan analyst said Friday.
Stocks look vulnerable now — and not because of inflation, the Fed or the election
Bearish insiders, bullish individuals and bracing for global conflict.
Musk has two weeks to turn the ship around, says Tesla bull who is losing faith
Tesla’s next earnings call needs to emphasize that Model 2 is a priority, says a leading analyst.
‘My half-siblings are trying to slither their way in to get a handout’: How do I make sure my parents only leave their home to me?
“My sister from my mom’s previous marriage lives in an RV in our driveway.”
Apple to launch new range of Macs in line with AI push: report
Apple is planning to install upgraded M4 processors in its Mac computers in line with efforts to embed AI capabilities in its products and boost its dwindling sales
Biden administration approves $7.4 billion in student-debt relief for 277,000 borrowers
More than a quarter of a million student-loan borrowers who have been in repayment for at least a decade will have their debt cancelled, the Biden administration announced Friday.
Since 1926, stock-market returns are pretty lousy when valuations are this high
It’s the sort of stat you would expect a value fund manager to highlight, but it does offer caution about the future.
Gold barrels past $2,400 to a new high. There’s not much standing in its way, say analysts.
Gold was squarely aimed at its 17th record high on Friday, with prices surging past the $2,400 level as investors continued to watch geopolitical tensions and prospects for U.S. interest rate cuts.
These in-the-know investors are more bearish than they’ve been since 2014
Corporate insiders are selling far more of their shares than buying.
Silver has outpaced the strength of gold’s gain so far this year
Silver prices have gained ground on the heels of a rally in gold, with prices for the white metal on Thursday settling at a nearly three-year high and outpacing the strength of gold’s gain in the year to date.
Aerospace SPAC Mission Space Acquisition looks to the stars in filing for $100 million IPO
The Cape Canaveral-based blank-check company is eyeing opportunities in the aerospace and defense industries.
These tips for investing in mutual funds and ETFs keep your portfolio financially fit
Getting real about weight-loss ETFs, stock returns and bearish corporate insiders.
Boeing needs to focus on solutions, not shareholders
Aerospace giant’s self-inflicted woes hold broader lessons on how not to run a company.
The bar is finally low enough for Nike, analyst says. These big events could help the stock this year
Demand for shoes and clothes has suffered as prices for more crucial things, like groceries, stay high.
StepStone’s stock rises after J.P. Morgan upgrades asset manger to overweight
Shares of private-markets investment manager and data provider StepStone Group Inc. rose 5.4% on Thursday after the stock drew an upgrade to overweight from neutral at JPMorgan Chase on Thursday on growth expectations for the sector.
Fed’s Collins: Recent data ‘reduces the urgency to ease’
Recent labor market and inflation data highlight the need for the U.S. central bank to be patient about monetary policy, and has reduced the “urgency” to cut interest rates, Boston Federal Reserve President Susan Collins said Thursday.
What is a good credit score — and how can you improve yours?
For the first time in a decade, the national average credit score in the U.S. dropped in late 2023, according to data from Fair Isaac Corporation. But what exactly is a credit score and how do you know if you have a good one?
Bad news for home buyers: Mortgage rates jump on the back of strong economic data
The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.
CarMax’s stock drops 13% after it misses analyst estimates for net income and revenue
CarMax cited economic uncertainty as it extends its long-term sales target of 2 million units a year.
Nikola’s proposal for reverse split sends its stock even further below $1
The EV company is asking shareholders to vote for a plan that would help it maintain listing requirements and potentially broaden its investor base.
Why Apple’s doubters might be getting the stock wrong again, according to BofA
Investors have found plenty of reason to sour on Apple shares lately, but BofA explores whether they’re underestimating margin potential.
Oil prices consolidate after push higher on fears of potential Iran attacks
Oil futures consolidate after rising more than 1% the previous session on fears of a more direct confrontation between Israel and Iran.
Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’
“I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent inflation readings,” Williams said Thursday.
Beer sales helped Constellation Brands, but wine and spirits revenues stayed weak
The parent company of Corona and Modelo beers cites nearly 11% net sales growth from its beer business as positive highlight
Powell’s printer went brrrr. Kashkari goes grrrr. And WallStreetBets has a new bogeyman.
Neel Kashkari is now the object of scorn on Reddit’s message board.
Zimbabwe’s new currency, the ZiG, is on a roll
Zimbabwe’s fledgling new currency has steadily gained since its launch on Monday.
Vertex Pharma’s $4.9 billion takeover of Alpine Immune expected to boost its rare-disease portfolio
Vertex Pharmaceuticals Inc.’s acquisition of Alpine Immune Sciences Inc. makes strategic sense and will bolster the company’s rare-disease franchise, analysts said Thursday.
Why Amazon CEO Andy Jassy says the company is especially suited to win in AI
It’s no surprise that AI got prominent mention in Amazon CEO Andy Jassy’s lengthy annual shareholder letter.
Micron says Taiwan earthquake will have mid-single digit percentage impact on quarterly DRAM supply
The earthquake that hit Taiwan earlier this month has not caused any permanent damage to Micron’s facilities, infrastructure or tools.
‘Playing defense.’ Three stocks this adviser is counting on to ride out uncertain economic times.
Tim Chubb, chief investment officer at wealth management and advisory firm Girard, a Univest Wealth Division, flags tech and other “durable growth stories” in an uncertain economy.
U.K. regulator issues warning to fund manager Woodford five years after fund collapse
Five years after a fund’s collapse, the U.K. financial watchdog issued a warning notice to Neil Woodford and his fund management company, Woodford Investment Management.
Morgan Stanley ups China growth forecast after strong exports boost country’s GDP
Morgan Stanley said strong exports and a Beijing led investment push will see China’s economy grow faster than previously expected in 2024
‘The ship has turned.’ JPMorgan upgrades iconic U.K. retailer Marks & Spencer
Marks & Spencer, the storied U.K. retailer, saw an upgrade to overweight at JPMorgan, as the bank said it’s the retailer demonstrating the biggest positive inflection out of the pandemic.
Ad giant Publicis Groupe sees ‘clear rebound’ in sales to tech sector following 2023 slump
The French advertising giant said it saw a clear rebound in sales to tech companies following a slump that hit ad firms’ sales in 2023
Markets are wrong to think U.K. rate cuts will track the U.S., says Bank of England policymaker
Linking the trajectory of interest rate cuts in the U.K. too tightly to the U.S. is mistaken because British inflation will be stickier, according to a Bank of England monetary policymaker.
If you won a $1.3 billion Powerball jackpot, what would you do with it? Here’s what financial advisers suggest.
Someone has come forward to claim last weekend’s big prize, but what’s the best way to spend and invest it?
USDA cuts July cattle report due to budget woes, frustrating market participants
Cattle producers fret about market transparency after USDA cancels its July cattle report due to budget constraints.
‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”
Trump’s DJT stock dives toward lowest close since Ron DeSantis dropped out
Trump Media’s stock has lost about 33% since it took the former president’s initials as its ticker.
Three directors to leave Paramount board as company holds merger talks: report
The media conglomerate is in exclusive merger talks with Skydance Media, the independent production company run by David Ellison.
Gold buyers are holding on to the precious metal as prices break records — and are ready to buy more
There are signs that retail gold investors are starting to shy away from profit-taking, even as prices for the metal rise to fresh all-time highs.
NFTs see some resurgence in interest and activity after crypto rally. Here’s why.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
I couldn’t pay my $370,000 mortgage so I applied for a loan modification. Now I have a 52-year loan. Is this normal?
“I found out last year, after talking to a few people who did the modification, that it should have been only for 10 years.”
Allen Weisselberg’s perjury sentence shows how proximity to Trump can be perilous
The Trump Organization’s former finance chief joins a long list of Trump advisors and employees who have found themselves in serious legal trouble.
Rising consumer prices show inflation heading in the wrong direction. What next?
A runup in inflation in the first three months of 2024 shows signs of persisting, potentially keeping interest rates high through the summer.
Medical Properties Trust downgraded on execution risk and rent-collection challenges
Collier Securities cut rating on real-estate investment trust to neutral from buy as stock falls.
Arizona abortion ruling could hurt Trump, but latest inflation report weighs on Biden
A hotter-than-expected reading on inflation and a swing state’s moves on abortion appeared to be having an impact on the 2024 White House race on Wednesday — but they were pulling in different directions.
Macy’s to add two Arkhouse nominees to board in deal that will end proxy contest
Arkhouse Management and Brigade Capital are seeking to acquire Macy’s in a $6.6 billion deal.
Swiss government backs tougher rules for banks, causing UBS shares to drop
Switzerland’s government’s put forward plans to curb banker’s bonuses, strengthen the country’s financial regulator, and increase capital requirements for banks
KPMG failed to stop cheating on training exams, hit with $25 million in fines
The $25 million penalty is the largest the Public Company Accounting Oversight Board has ever levied — more than 3 times larger than the $8 million settlement reached with Deloitte Brazil in 2016.
This weight-loss ETF has performed well in its first five months. How does it compare with cheaper alternatives?
GLP-1 medications will likely expand beyond their current uses for diabetes or weight loss, according to money managers at Tema
Norfolk Southern’s revenue will take a Baltimore bridge hit. This is what it means for CSX.
The shockwaves from the collapse of the Francis Scott Key Bridge in Baltimore continue to reverberate through the rail industry.
Delta’s stock jumps, as accelerating business-travel demand fuels record revenue
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.
Senators Chuck Schumer, Ron Wyden and Cory Booker pushing cannabis legalization bill
Pols send out letter to colleagues to gauge support for the Cannabis Administration and Opportunity Act
This stock lost 99% of its value, and the company still hasn’t said why
One Hong Kong-listed company lost 99% of its value and still hasn’t said why.
This JPMorgan pro says the Fed has it backward — rates need to be cut to lower inflation
The Fed and investors won’t see inflation easing until the central bank starts cutting rate says this JPMorgan strategist.
Oil prices edge higher ahead of official U.S. inventory data
Oil futures edge higher as traders await official data on U.S. crude and fuel inventories.
Where home-insurance costs are rising the fastest in the U.S. — it’s not California or Florida
Homeowners across the nation are grappling with the rising cost of home insurance. But the sharpest hikes aren’t being felt in the most disaster-prone markets, according to a new report.
European Central Bank to stand pat this week but faster-than-the-Fed rate cuts may hit euro
The European Central Bank is expected on Thursday to leave interest rates at record highs but to imply that a cut in borrowing costs is likely by the summer
I invested half of my son’s inheritance with a 13.5% return. A major broker underperformed the S&P with the rest. Do I push to manage all of his assets?
“Am I letting my ego get in the way?”
FCC’s new ‘nutrition labels’ for broadband internet aim to show you exactly what you’re paying for
Americans often aren’t clear on what they’re getting from their internet service providers, and that has spurred a new requirement from the Federal Communications Commission that takes effect Wednesday.
Fitch Ratings downgrades China outlook to negative as economic concerns rise
Fitch Ratings downgrades China outlook to negative as economic concerns rise
Philips shares climb after finalizing pact with U.S. over device sales
Philips reiterated its financial outlook on Wednesday after finalizing a consent degree with the U.S. Department of Justice and Food and Drug Administration that will prevent it from selling new respiratory care devices in the U.S. but will allow for exports.
Cinemark well-positioned for box-office rebound and market-share gains, says Benchmark
Movie-theater chain Cinemark Holdings Inc.’s growth prospects are strong, according to Benchmark analyst Mike Hickey.
4 things Wall Street will watch for when the Fed releases minutes of March meeting
Here’s what investors will be watching for when the Federal Reserve releases minutes of its March policy meeting.
Memo to Jamie Dimon and other bankers: What benefits large banks doesn’t necessarily benefit Americans
Preferential treatment of banks has fostered widespread disregard for rules.
My father is leaving me and my brother $20,000 ‘hidden’ checks to find after he dies. Is this a good idea? Will we owe taxes?
An unconventional way of leaving money to loved ones could result in some unexpected complications.
Tesla’s stock removed from Baird’s bearish list with analysts bullish on robotaxis and energy
Analysts still expect a ‘messy’ first quarter and say second-quarter expectations are too high
You’re likely being wildly unrealistic about how much money stocks can make
Here’s a key lesson for Financial Literacy month: Be real and study market history.
One in three women skip mammograms when faced with job loss and other hurdles, CDC says
Many women dealing with job loss, lack of transportation and similar issues are skipping potentially lifesaving breast-cancer screenings, according to a new report from the U.S. Centers for Disease Control and Prevention.
Rising oil prices are pushing up 10-year inflation expectations and Treasury yields
Oil appears to be playing a major factor in this week’s rise of the benchmark 10-year Treasury yield to its highest levels since November, and boosting market-based inflation expectations over the long run.
Nvidia’s stock enters a correction. Here’s where the other Magnificent Seven stocks stand.
Apple is already in a correction and Tesla is in a bear market, but the other four Magnificent Seven tech stocks are near highs.
Bank of America says the copper supply crisis is here
Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures.
Congressional push to take TikTok off your phone may ‘be lost in the fog of presidential politics,’ Pence says
Senate Minority Leader Mitch McConnell and former Vice President Mike Pence are throwing their support behind a House-passed bill that could lead to a nationwide ban for TikTok, but the measure still looks likely to face a slow process in the Senate.
Some Apple Vision Pro users suffer black eyes, headaches and neck pain
Apple’s Vision Pro is creating oohs and aahs — and black eyes — among some early adopters of the heralded VR headset.
Brent oil prices edge higher as Gaza cease-fire hopes fade
Brent oil futures move higher as prospects for a Gaza cease-fire appear to fade.
Loyal fans are turning sports teams into a multibillion-dollar asset class, Deutsche Bank says
Sports teams loyal fan bases mean they retain their value in the face of wider macro economic uncertainty
The future looks ‘cautiously optimistic’ for AMC, Benchmark says
Movie-theater chain and original meme stock AMC is well positioned for the upcoming slate of blockbuster movies, analyst says
Norfolk Southern reaches agreement to settle East Palestine derailment class action
Norfolk Southern Corp. has reached an agreement in principle to settle a class action lawsuit brought after last year’s derailment of one of the company’s trains in East Palestine, Ohio.
There’s still time to fund your IRA: Investors rush to fund retirement accounts ahead of April 15
As the April 15 tax deadline approaches, more investors are making investments in their future by making last-minute contributions to individual retirement accounts.
JPMorgan is still working on ‘orderly transition’ once CEO Jamie Dimon departs
Bank’s proxy statement highlights recent promotions for potential Dimon successor
Tilray Brands stock drops as it reports wider-than-expected loss and misses on revenue
Tilray Brands Inc.’s stock fell 16% in premarket trading on Tuesday after the cannabis company reported a wider-than-expected loss in its fiscal third quarter, while revenue fell short of analyst estimates.
Here’s the unusual way to trade gold’s breakout rally, from this hedge-fund manager.
As gold punches out its umpteeth high for the year, this hedge fund manager tells investors how to get creative when it comes to profiting off the metal’s gains.
BP says high production and strong trading will offset oil and gas price slump
The British oil major said lower oil and gas prices and a drop in the value of Egypt’s currency could cost it up to $1.2 billion
HSBC to sell Argentina business in latest market exit
HSBC Holdings is selling its Argentina business for over half a billion U.S. dollars, the bank’s latest exit from markets that are no longer core to its business strategy.
Financial scammers have a new weapon to steal your money: AI
Banks are fighting back against deepfakes and voice cloning that snare unsuspecting victims.
We’re spending more on ‘bucket list’ experiences — but are they worth the money?
Problems arise when couples clash over how much to spend.
White House again weaponizes PPP loans in defense of student-debt relief
The White House on Monday turned to a familiar tactic when defending criticism of its student-loan relief plan.
Musk stands his ground on EV adoption, but admits threat of Chinese competition
The Tesla chief executive said China is a threat across the auto sector, and not just in electric vehicles.
Target Circle 360 is live. Here’s how it stacks up against Amazon Prime and Walmart+
Target is the latest big retailer that wants you to consider same-day delivery — for an added cost.
JPMorgan, Wells Fargo, Citi first-quarter profit expected to be flat as interest rates rise and loan activity lags
First quarter saw a revival in initial public offerings and M&A, but expectations for interest-rate cuts have faded
Mortgage rates stay close to 7%. When will they fall? Three economists weigh in.
Three housing economists weigh in on what needs to happen for mortgage rates to fall.
‘It’s totally silly’: From blackout doughnuts to deli sandwiches — have solar-eclipse marketing promotions gone too far?
Perhaps you don’t need to celebrate the rare cosmic event by saving a few bucks on a deli sandwich.
This quality approach to a cheap part of the stock market garners a five-star rating
Small-cap stocks are trading at the bottom of their valuation range over the past two decades.
Treasury yields aren’t acting like the Fed is done hiking interest rates
The benchmark 10-year Treasury yield is doing something it hasn’t normally done in the past, by continuing to climb long after the Federal Reserve was presumably done with lifting U.S. interest rates.
Wells Fargo raises S&P 500 year-end target to Wall Street-high of 5,535 — but expects more volatility in first half of 2024
Wells Fargo on Monday lifted its year-end target for the S&P 500 stock index to 5,535 points, from 4,625 — implying additional upside of more than 6% above Monday’s trading level.
GE Vernova’s stock gets its first upgrade after 14% pullback in trading debut
GE Vernova Inc.’s stock soared 6% Monday, after the renewable energy and power company that was spun off from General Electric Co. got an upgrade to the equivalent of buy from JPMorgan.
Numbers don’t lie: Women’s college basketball is about to overtake the men’s game in ratings and star power
Over 14 million people just watched Iowa play UConn, a record number for a women’s basketball game, and more viewers than all but one NBA Finals game last season
Fed-funds futures point to doubts over June rate cut as inflation data looms
Traders in the federal-funds-futures market are showing signs of doubt that the Federal Reserve may begin lowering interest rates in June, wavering ahead of an upcoming inflation report.
Are employers willing to hire older workers?
A series of studies suggests tempered optimism at best
Bank of America cuts European EV car sales view as government subsidies fade
BEV sales for the 28 European Union countries are expected to rise 11% this year, half of a previous forecast for 22% growth, says Bank of America.
Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon warns
Persistent inflationary pressures driven by fiscal deficits and military conflict among other factors may lead to U.S. interest rates of 8% or even more, JPMorgan Chase & Co. Chief Executive Jamie Dimon warned on Monday.
Some eclipse watchers are spending big bucks to outrun their No. 1 enemy: clouds
Mother Nature doesn’t care about the eclipse travel plans of millions of people or the loads of money they are spending to witness the moon briefly mask the sun on April 8.
Consumers expect mortgage rates to go up in the next year, but Fannie Mae expects a ‘thaw’ in the housing market
Housing sentiment dipped for the first time since November 2023, but consumers are adjusting, survey says.
Nvidia and these other chip stocks named top plays into earnings season
Ahead of last earnings season, Cantor Fitzgerald analyst C.J. Muse advised investors not to overthink things. He says the same advice applies this time around.
Oil prices pull back on easing worries over Middle East
Oil prices pull back as traders await cease-fire talks.
Digital marketing platform Ibotta launches IPO at a valuation of up to $2.7 billion
Ibotta, a digital marketing platform that allows consumer packaged goods companies to offer promotions to customers through a network of publishers, launched its initial public offering on Monday with plans to offer 5.6 million shares priced at $76 to $84 each.
‘I want a stress-free retirement’: I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”
The energy sector’s on a tear. But $100 oil is not likely, says Goldman Sachs.
Goldman Sachs does not expect a supply shock to push prices higher
Paddy Cosgrove returns as Web Summit CEO after quitting over Israel-Hamas comments
Paddy Cosgrove on Monday said he was returning to become chief executive of tech conference company Web Summit, after quitting in the wake of controversial comments made after Israel’s initial reaction to Hamas’s attack in October.
Biden wants to cancel student debt for 25 million borrowers — here’s his new plan
President Joe Biden will announce a proposal Monday that, if implemented, will cancel at least some student debt for an estimated 25 million borrowers.
For stocks, the reaction in the 10-year will be more important than CPI itself, says Mike Wilson
Inflation data is out on Wednesday — and stock-market investors should focus on the reaction in the bond market rather than parse the consumer price index itself.
As Congress returns this week, TikTok steps up its fight against a possible ban
While the U.S. Senate is preparing to get back to work Monday on Capitol Hill, it’s not expected to move fast on a House-passed bill that could lead to a nationwide ban for TikTok – and a new advertising blitz from the app aims to help give senators pause.
‘It’s easy to hide things from ourselves’: How a budget can keep you honest and focused on your goals
Personal budgeting has a reputation for being tedious and constrictive, but the right budget can help anyone meet their goals — and even have fun along the way.
European companies are finally buying back their stock, opening up opportunities
Historically, dividends have played a much more important role in Europe than in the U.S., but that’s changing.
Stock-market rally faces key test: Will hot inflation data kill rate-cut hopes?
Can the stock market rally continue if rate cuts no longer appear imminent? Investors may soon find out.
First-quarter earnings are here. So is the ‘hard part’ in the fight against higher prices.
With first-quarter earnings reports just around the corner, the biggest battles with inflation might be out of the way for businesses and their customers.
Wegovy’s heart benefits are not just linked with weight loss, new study suggests
People with obesity-related heart failure and diabetes can get substantial heart-health benefits from weight-loss drug Wegovy, even if they don’t shed many pounds on the medication, according to new research.
AI is like the late 1990s internet boom. Here’s how to avoid AI’s Pets.com and find the winners
Focus on the many layers of technology and businesses that support, use or benefit from AI.
Intel can beat AMD and Qualcomm in the race to put AI on your PC — except for this problem
The computer-chip giant needs to show that it isn’t stuck in old ways.
Mark Zuckerberg now richer than Elon Musk for first time since 2020
Mark Zuckerberg became the third richest person in the world on Friday, surpassing Elon Musk for the first time since 2020.
Gold prices are soaring and the mining stocks are just starting to catch up
Either gold shares rise from here or gold prices take a dive.
Our father died, then our stepmother passed away. Will my siblings and I owe taxes when we sell their house?
“My father remarried at the age of 65. He kept his house in the revocable trust where he had control of his assets.”
This intervention can help Tesla and other carmakers compete against China’s EV subsidies
Western governments should subsidize domestic manufacturing — not impose import tariffs.
Bought a house during the pandemic? Here’s how much more that same home would cost today.
The pandemic-era buying frenzy helped fuel the so-called lock-in effect that’s keeping some homeowners from moving. A new report measures just how bad it is.
Beyoncé name-drops housing-finance giant Fannie Mae on ‘Cowboy Carter.’ Here’s what she meant.
She may be rich and famous now, but Beyoncé is keeping close tabs on the bills, bills, bills that millions of homeowners face today with their home insurance.
This railroad operator is most impacted by the Baltimore bridge collapse
Experts are weighing the supply chain impact of the Francis Scott Key Bridge collapse in Baltimore.
Latest threat to stock-market rally? Investors suddenly fear geopolitical risks.
Concerns about a potential Iranian retaliation against Israel added to the week’s rout in stocks
The U.S. stock market has outperformed Europe’s for years. 2024 could be different.
Europe’s economic prospects are brightening.
Some good news on inflation? Fed might get it with the CPI.
A roaring labor market and high inflation readings early this year have cast doubt on the Federal Reserve cutting interest rates soon. But the March report on consumer prices might offer a ray of hope.
Something’s got to give: European regulators crack down on AI as U.S. tech companies plunge into the market
An ever-expanding assault on Big Tech by the European Union has U.S. companies scrambling to adhere to rules there while trying to not slow their dash to embrace generative artificial intelligence.
Trump to tap Wall Street moguls for fundraiser after hauling in $66 million last month
Former President Donald Trump’s 2024 campaign plans to hold a big fundraising event Saturday featuring major Wall Street figures, with billionaires from other industries also slated to attend.
Five ways to reduce your taxable income for 2024
“By shrinking your income, you’re saving money. That’s the bottom line.”
Trump’s DJT stock trades at multiples that exceed the peak of the meme-stock era
DJT’s valuation appears disconnected from its fundamentals, even when compared with other stocks that investors bid up with high expectations.
Elon Musk says Tesla will reveal a ‘robotaxi’ in August
Tesla Inc. shares regained some lost ground in the after-hours session Friday after Chief Executive Elon Musk said the EV maker would unveil its robotaxi on Aug. 8.
Boeing CEO Dave Calhoun’s pay climbed 45% last year
Dave Calhoun, the outgoing chief executive of troubled aerospace giant Boeing Co., saw his total compensation climb last year by 45%, to $32.8 million, according to a filing Friday.
United Airlines postpones investor day
United Airlines Holdings Inc. is postponing its investor day next month amid increased scrutiny following a string of recent safety incidents.
Solar Eclipse: Airbnb, United Airlines and other brands sharing $1.5 billion in ‘path of totality’ profits
An eclipse like the one on April 8 won’t happen again until 2044, so millions of Americans are paying to get a glimpse of Monday’s total solar eclipse.
Tide Pods and other Procter & Gamble detergents recalled due to faulty packaging
Gain Flings, Ace and Ariel Pods have also been recalled because bags can split open, Procter & Gamble said.
As IPO buzz swirls, Panera Bread enjoying foot traffic ‘growth spurt’, research says
Panera Bread has been seeing an increase in visitors, which bodes well for a possible IPO, says analytics company Placer.ai
These household-name companies have bonds yielding more than 5%
Bonds issued by a group of household name companies are yielding more than 5% following the recent move in Treasurys, offering handy returns for investors with the right time frame.
Inflation may not fall for months. Here’s what that means for investors.
Now that March’s shockingly strong official jobs report is in hand, traders are expecting five more months of consumer-price index reports to show no further progress being made on the annual headline rate of U.S. inflation.
‘She was angry’: I left my girlfriend behind in San Diego to buy a home in Charlotte. Now I have ‘serious’ buyer’s remorse. Do I sell and rent again?
“We have tried to maintain a long-distance relationship. But the distance is slowly eroding our relationship.”
Millions of Americans turn 65 this year. How can they save money now to live better later?
Cash flow concerns take center stage for pre-retirees.
This mistake can cost home buyers up to $6,000 a year. Here’s how to avoid it.
Many prospective homeowners are leaving money on the table, a Swiss study found.
Fed’s Logan says ‘much too soon to think about cutting rates’
Dallas Federal Reserve President Lorie Logan on Friday said she’s uncertain about the general view that U.S. inflation will keep trending down this year and allow the central bank to start to lower interest rates.
Tesla cancels plans for ‘Model 2’ low-cost EV: report
The Tesla ‘Model 2’ is scrapped, according to a report. Wall Street had hoped the $25,000 EV would revitalize the EV maker’s lineup.
‘Eye-popping’ March jobs report shows labor market and U.S. economy are still going strong
Wall Street errs on its forecasts of slower hiring and weaker economic growth. What is the Fed to do?
Why stock-market bulls aren’t rattled by hot U.S. jobs data and fading rate-cut hopes
Another round of red-hot U.S. jobs data Friday put a deeper chill on expectations the Federal Reserve will begin in June to deliver a series of interest rate cuts in the near future, but stock-market investors seem relatively okay with that.
Zimbabwe launches new currency backed by gold and foreign currencies
Zimbabwe’s central bank on Friday said its beleaguered local dollar will be replaced by new currency backed by gold, other precious metals and foreign currencies.
Leafly stock rises after NY court strikes down advertising ban for cannabis
Judge Kevin Bryant says rule violated free speech.
Here’s the biggest risk to the ‘anything but bonds’ rally that has been driving up the rest of the market
Stocks, cryptocurrencies and commodities have been driven higher by an aversion to bonds. Here’s how that might end, according to Bank of America.
Bank of America’s paper loss on its bond portfolio reaches $110 bln and outpaces other banks: report
Barron’s report says bond prices suggest drop in value in Bank of America’s Held-to-Maturity (HTM) securities in Q1.
SoFi’s stock has faced very negative sentiment, but that seems to be softening
Wall Street has been warming up a bit more to SoFi shares this week, as they just picked up their second upgrade of the past few days.
$1.46 million is retirement’s magic number? It’s a fantasy for most.
The data only skim the surface.
Oil extends rise that sent Brent crude above $90 a barrel on Mideast tensions
Oil futures are trading at their highest since October, partly due to fears of a more direct confrontation between Israel and Iran.
China’s export-led growth model is broken and Beijing may be at a loss to fix it
China needs a new economic plan that focuses on domestic services and private consumption.
Nvidia’s stall means the momentum trade has lost its mojo. Here’s what investors should do.
Energy is picking up the baton but that’s not good for the wider market.
Don’t chase the value rebound, tech still has a few surprises up its sleeve, cautions Citigroup
Value stocks have been rebounding lately, but that is unlikely to last, warns Citigroup strategists.
The bulls still have what it takes to pull stocks back up
Volatility is higher and the market is down, but support levels are holding.
Samsung predicts 10-fold increase in profits as AI boom sees chip prices recover
The Korean tech giant said it expects to see its operating profits increase 931% year-on-year following an AI driven recovery in microchip prices
Chip sector avoids a major crisis from Taiwan quake. But one lesson should be learned.
Taiwan Semiconductor Manufacturing Corp., emerged mostly unscathed after Taiwan was struck by its biggest earthquake in 25 years.
Here’s where the surge of immigrants come from and end up, according to Goldman Sachs
Goldman Sachs is out with a new analysis of where a surge in immigration to the U.S. is coming from, and where immigrants end up.
Apple to lay off more than 600, weeks after canceling electric-vehicle project
Those are the first significant job cuts for Apple since the pandemic.
Lamb Weston leads losses among S&P 500 stocks in its largest one-day drop ever on earnings miss
Lamb Weston Holdings Inc.’s stock was down by 20% on Thursday after the potato processing company blamed a slower-than-expected switch to a new enterprise resource planning system (ERP) for impacting its third-quarter results, as well as its outlook for the year.
Why Applebee’s $200 ‘date night’ pass may not be such a bargain after all
Companies can hook customers with pass programs and other deals, but caveats and conditions often apply.
Rising bond yields haven’t kept tech stocks from outperforming — and have created this buying opportunity, says BlackRock
This year’s rise in Treasury yields hasn’t keep technology stocks from outperforming, while for bond investors, higher interest rates present a buying opportunity, according to BlackRock.
This ETF is beating the S&P 500 — and it’s completely different from the index
It is easy to add an exchange-traded fund to broaden your portfolio and possibly reduce your risk.
Nearly 55,000 home sellers to receive $62 million in refunds from Opendoor
The Federal Trade Commission is sending checks to nearly 55,000 sellers who sold their homes to Opendoor after the iBuyer settled a lawsuit alleging deceptive practices.
High-stakes job report has stock market investors ‘on edge’ — here’s why
Here’s what it might take for April jobs data to sink stocks — or spark a relief rally.
Fed’s Goolsbee says hot inflation readings ‘should not knock us off path’ back to 2% target
Large increases in labor force participation and immigration should start to bring down core services inflation, the Chicago Fed president said.
These purchases are ‘100% worth’ the high price, Reddit users say. We asked the experts.
From tooth fillings to concert tickets, here’s what they said about which expenses are actually worth splurging on.
Elon Musk’s comments ‘have no relevance to the Walt Disney Company’, Iger says
The day after Walt Disney Co. vanquished an activist investor challenge to its board, an emboldened company chief executive Bob Iger dismissed the ability of the actions of Elon Musk to sway shareholders.
Cash won’t flee money-market funds if the Fed gets its soft landing
Unlike much of the past half-century, the Federal Reserve isn’t facing a crisis or drastic rate cuts.
Walmart recalls some ‘Mini Choppers’ after some started chopping on their own
Walmart is recalling more than 50,000 Mainstays Electric Mini Choppers, because of multiple reports of cuts from the blade, with some requiring stitches.
Want to work part time in retirement? These are the 5 top cities to do it.
There are financial, physical and social benefits to working in retirement, and these cities could be good places to work.
Diabetes medication appears to slow progress of Parkinson’s disease in French-backed trial
A Type 2 diabetes medication called lixisenatide appeared to slow the progression of Parkinson’s disease symptoms in a small, mid-stage trial funded by the French Ministry of Health.
Alaska Air was paid $160 million in cash by Boeing for the 737 Max 9 issues
Alaska Air said it lost more in the first quarter than it previously estimated, but only because it changed how it recorded cash received from Boeing Co., as compensation losses suffered from the groundings of 737 Max 9 jets.
Proxy adviser ISS says Goldman should separate chairman and chief executive roles in challenge to David Solomon: report
Institutional Shareholder Services is recommending shareholders vote in favor of a measure to separate the chairman and chief executive officer roles currently held by Goldman Sachs Group Inc.’s David Solomon in a challenge to the big bank’s leadership, Reuters...
Conagra’s stock jumps as sales trend, profit margins improve
Parent company of Duncan Hines and Hunt’s Ketchup products beats quarterly profit and sales expectations, amid strength in its grocery and snacks business
Veteran strategist says grab your hammer and pick — gold is headed to $3,000
Investors need an “aggressive” overweight for gold, says the president of Rosenberg Research, David Rosenberg.
Intuitive Machines’ stock surges, boosted by $30 million NASA lunar rover contract
Intuitive Machines made history earlier this year with the first commercial lander to successfully reach the moon.
I’m 67 and upgrading to a $455,000 home with a 6.2% mortgage rate. My former house had a 3.7% rate. Am I crazy?
“Our combined Social Security and pensions provide us with an income of $176,000 per year.”
‘I have been propping her up for 15 years’: My niece, 35, is horrible with money. How can I help her become financially responsible?
“I told them I would give them some financial advice for a wedding present.”
Oil prices steady after 4-day winning streak
Oil futures consolidate early Thursday, coming off a four-day winning streak fueled by geopolitical fears and supply concerns.
California’s fast-food workers are now among the highest paid in the U.S. They still don’t make nearly enough to buy a house.
The typical home buyer would need to make nearly $200,000 a year to afford to buy in California, one analysis reveals.
Bitcoin in a 60/40 portfolio doesn’t add much volatility, fund manager finds
The fund manager WisdomTree ran the numbers on adding bitcoin to a 60/40 portfolio and found that its inclusion doesn’t add too much volatility.
Gucci owner Kering buys property in Milan fashion district for $1.4 billion
Kering is buying a historic building in Milan’s fashion district for roughly 1.3 billion euros ($1.41 billion), expanding its presence in one of the world’s most iconic avenues.
This investor says Tesla’s worth $14 per share — and if it fell that far, it’d go bust
Tesla’s had a bad year. This investor expects it to get a lot, lot worse.
Google considers charging customers to use new AI powered search tools: report
The plans would see Google put search engine features behind a paywall for the first time in its 25-year history
Volvo Car sales rose 25% in March to hit monthly record
Volvo Car said Thursday that it sold a record high number of cars in a single month in March as sales rose 25% on the year.
Where home prices are falling — and which housing markets are most overvalued, according to three experts
Home prices continue to climb nationally, but some markets — particularly in the South — are slowing down.
Amazon to slash hundreds of jobs in its AWS cloud-computing business
Amazon.com Inc. is trimming hundreds of jobs from its AWS cloud-computing business in its latest round of layoffs aimed at slashing costs.
Hycroft Mining shares are higher than investor AMC’s after skyrocketing this week
Shares of Hycroft Mining Holding Corp. are now trading higher than shares of cinema chain AMC Entertainment Holdings Inc., which stunned Wall Street when it made a $29.7 million investment in the gold and silver miner in 2022.
The company he keeps: How an investor got nabbed insider trading on Trump’s ‘DJT’ stock merger
The insider trading move that nearly scotched the recent multi-billion dollar merger of Donald Trump’s media business with a blank check company, began coming unwound following an ill-conceived phone call.
Options traders see rising risk of Fed rate hike following oil rally, solid U.S. data
A combination of healthy economic data and a rally in oil is renewing the risk of what one major Wall Street bank calls a “hawkish negative surprise” by the Federal Reserve and other central banks.
AI chip company GSI Technology continues rally after launching new products
Shares of chip maker GSI Technology Inc., an increasingly popular artificial-intelligence play, were climbing 8.8% Wednesday — continuing a rally fueled by the launch of new server products this week.
Ulta Beauty’s stock is on pace for its biggest drop in four years. Executives blame this ‘soup of activity’ for slowing demand.
The slowdown had occurred “a bit earlier” and was “a bit bigger than we thought,” the company’s CEO says.
Trendy cryptos like Dogwifhat ride meme coin comeback — don’t get too excited
Meme coins are back in the spotlight. Be aware of the risks.
Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump
Fed Chair Jerome Powell was cautious about interest-rate policy in remarks on Wednesday.
AI means a ‘four-day workweek is coming’ for most, says investor Steve Cohen
AI is a ‘transformational’ technology that will create big winners and big losers, says hedge-fund titan Steve Cohen.
Costco jumps on the weight-loss bandwagon with $179-for-three-months program
Other companies now offering access to the popular new class of weight-loss drugs include WW International Inc., the company formerly known as Weight Watchers International.
This worker was demoted at age 68 and her pay was cut 30%. She’s fighting back.
A gerontologist says she’s a victim of age discrimination and has advice for other older workers.
Cathie Wood touts $2,000 Tesla price target, says ‘now is not the time to run for the hills’ as stock craters
Wood has been a bull of Tesla for a long time.
Oil prices extend gains after industry data shows fall in U.S. crude inventories
Oil futures build on gains Wednesday after ending the previous session at the highest since late October.
Costco, Lowe’s, Five Below, Dollar Tree downgraded due to ‘extreme’ valuations
Group of retailers currently appears to be “price for perfection,” even with positive economic outlook, analyst said.
‘We were getting crushed’: Millennials reclaim the title of biggest home-buying generation, but boomers still have an upper hand
In the competitive and expensive U.S. housing market, millennials are beating baby boomers on home buying, according to a new report by the National Association of Realtors.
Here’s why SoFi’s stock racked up a rare bullish call
SoFi has a relatively small bull camp among Wall Street analysts, but that gang just got a little bit bigger.
Lightspeed to cut labor costs by 10%, but will buy back up to 10% of its stock
Lightspeed Commerce ‘s stock rose Wednesday, after the Canada-based provider of point-of-sale software announced plans to cut labor costs by 10%, but also buy back 10% of its stock.
Regular financial-health checkups are as important as annual physicals
Make sure you don’t simply set and forget your financial life.
Mortgage rates stay near 7% — but some buyers are landing low-6% rates. Here’s how.
Mortgage applications fell 0.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.91%.
A crisis of young American men will cause house prices to correct by 20%, this famous analyst says
Meredith Whitney, known for her prescient calls as a bank-sector analyst, expects house prices to slide.
I’m 74, if I went back to work could I get out of my RMD?
‘I would be partially unretired’
‘At what point do you know if you’re throwing money away?’ I’m paying 1% to my financial adviser. Is this even worth it?
Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.
‘Please don’t judge me’: I’m 54, and married with 5 kids. I have $20,000 in debt and $20,000 in mutual funds. I just inherited $10,000. How do I invest it?
“There was a lot going on and I have lots of regrets, but I can’t go back and change anything.”
Paramount shares rise on report it’s considering exclusive sale talks with Skydance
Shares of Paramount Global rose in after-hours trading Tuesday following a report that the media giant may soon be one step closer to selling.
Ken Griffin’s Citadel hedge fund outstrips rivals with gains in first quarter: report
The Miami hedge fund outperformed rivals in generating positive returns across all its funds
My elderly parents are hoarders. I see them once a year. They say cleaning up their ‘junk’ will be my problem after they die. What can I do?
“They have lived in the same house in New Jersey for 50 years and they don’t throw anything away.”
U.S. oil benchmark tops $85 a barrel, hits highest level since October as Middle East tensions escalate
The benchmark U.S. oil contract ended above $85 a barrel for the first time since October on fears of escalating geopolitical tensions.
Wells Fargo, JPMorgan named top picks by Goldman Sachs for potential first-quarter upside surprise
Analysts see Wells Fargo and JPMorgan Chase potentially outshining Morgan Stanley, Citi, PNC, U.S. Bancorp and Bank of America.
VivoPower’s stock rockets four-fold after deal to sell Tembo EV subsidiary for a big gain
Shares of VivoPower International PLC took off on Tuesday, after the U.K.-based sustainable-energy company announced a deal to sell its electric-utility-vehicle subsidiary Tembo for a big profit.
Shares of GSI Technology, which sparked meme-like buzz, surge on new products
GSI Technology’s stock, which sparked a meme-like buzz last year, is skyrocketing Tuesday
Daly says there’s ‘no urgency’ for the Fed to cut U.S. interest rates
Daly stills sees ‘path’ to reduce borrowing costs in 2024
Cal-Maine detects bird flu at a Texas plant, affecting 1.6 million laying hens
In total, 3.6% of the egg producer’s overall flock as of March 2 was killed as the company follows USDA protocols for dealing with the highly pathogenic virus.
Reflation trade may put 10-year Treasury yield on path back to 4.5%-5%
After months of rangebound trading, the benchmark 10-year Treasury yield appears to be settling into a pattern similar to what was seen last October, when the rate soared to its highest level since 2007 and briefly burst through 5%.
Yellen to visit China and press Beijing to rein in flood of cheap goods
Treasury Secretary Janet Yellen is headed to China Wednesday, days after calling out the country’s ramped-up production in solar energy, electric vehicles and other goods.
Fed’s Mester says she won’t back a rate cut in May
“At this point, I think the bigger risk would be to begin reducing the funds rate too early.”
Paychex sees employment growth for clients slow more than expected
Paychex reported Tuesday fiscal third-quarter revenue that came up a bit shy of expectations, and cut its full-year growth outlook, as the human resources outsourcing company said its clients did less hiring than expected.
Amazon and Tesla are ‘conviction’ picks at Wells Fargo — but only one’s bullish
Shares of Amazon and Tesla are among Wells Fargo’s “high-conviction” picks for the second quarter, but the analysts there see those stocks heading in different directions.
Job openings stay at 8.8 million. Labor market still plenty robust.
The number of job openings in the U.S. totaled 8.8 million in February for the second month in a row, showing a labor market with plenty of residual strength.
GE Vernova debuts on NYSE, as spinoff from GE’s aerospace-only unit completes
GE Aerospace and GE Vernova begin life Tuesday as two, separate stocks as they ring the opening bell on the New York Stock Exchange.
AT&T data-breach victims: Here’s something better than credit monitoring — and it’s free
‘The reality of living in 2024 is your information is going to be stolen, so you need to act accordingly’
Hated and cheap: Why Ray Dalio says he’s not giving up on this embattled asset class.
The hedge-fund founder defends his investments in China as others start to warm up to those embattled stocks.
How much will you need to retire? America’s ‘magic number’ surges to $1.46 million
The gap between our goals and reality has never been wider
Schlumberger to spend $7.8 billion in stock to buy ChampionX
Oil services company Schlumberger Ltd. announced Tuesday an agreement to buy chemical and drilling technologies company ChampionX Corp. in an all-stock deal valued at about $7.8 billion.
UL Solutions launches IPO with plans for valuation of up to $5.8 billion
UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.
Tesla deliveries are on deck, but Wall Street gets a somber signal out of China
Tesla’s March sales of China-made EVs in the country were nearly flat from a year before.
Jon Stewart takes on AI, a topic he says Apple wouldn’t let him tackle
Jon Stewart took aim at the burgeoning technology in a segment that aired on Monday night.
Ajax suspends new CEO Alex Kroes over insider trading allegations
The Dutch football club said Kroes decision to buy 17,000 Ajax shares prior to announcement of his new position amounts to insider trading
BlackRock, Vanguard probed over U.S. bank stakes: report
A federal regulator is examining index fund giants over their massive stakes in U.S. banks, according to a published report.
UBS restarts share buybacks with program of up to $2 billion
UBS Group said it plans to repurchase up to $2 billion of its own stock, restarting share buybacks that were put on hold last year due to its acquisition of Credit Suisse.
Country Garden shares suspended from Hong Kong stock exchange
The heavily-indebted property developer halted trading of its shares pending publication of its 2023 results
This boring sector is becoming sexy again
Some of the hardest companies to get excited about are construction companies — but they’re outperforming the market.
Rubrik files for IPO as market continues to display signs of unfreezing
Investors hungry for more technology IPOs look to be getting another one soon, as cybersecurity company Rubrik just filed paperwork for a stock-market debut.
Fidelity to charge $100 servicing fee on some ETFs
Fidelity Investments is planning to charge investors a $100 servicing fee when placing buy orders on exchange-traded funds issued by nine firms.
These 10 college athletes are making over $1 million a year in NIL deals
Iowa’s Caitlin Clark has made more than $3 million from NIL deals, but she’s not the highest earner in the country.
High-flying stocks mean everything to Wall Street — but not Main Street
Microsoft, Nvidia, Apple, Amazon, Meta Platforms and Alphabet aren’t good measures of the U.S. economy’s strength.
Trump Media lost $58.2 million in 2023 and sales totaled just $4.13 million
Numbers revealed in a regulatory filing Monday stand in contrast to company’s $7.7 billion market cap.
The cost of employer-sponsored healthcare appears to have stabilized
Good news for wages and Social Security tax base, but will costs stay flat?
‘I’m guilt-ridden’: Our waitress’s behavior was so egregious that I wrote ‘NO TIP!’ on the check. Was I wrong?
“When is the service so bad that you can actually, in good conscience, refuse to tip?”
Canopy Growth wins ISS support for vote to pave way for entry into U.S. cannabis market
Institutional Shareholder Services, which makes recommendations on shareholder votes, has given a green light for April 12 ballot to create exchangeable shares.
Virginia’s Republican Gov. Youngkin and GOP policy panel both say ‘no’ to cannabis
Virginia Republican Gov. Glenn Youngkin vetoed a measure that would have established a legal recreational-cannabis market because, as he said, ”Cannabis is bad” for the state.
Nikola’s stock heads for a record win streak as EV maker sues Heavy D, founder
Nikola’s stock rallied Monday toward a record-long win streak, as investors wouldn’t be distracted by the electric vehicle maker’s dispute with those connected to its convicted founder and former chairman, Trevor Milton.
The average S&P 500 stock is as overvalued as the ‘Magnificent Seven,’ Goldman says
While this doesn’t necessarily mean the rally is nearing its end, high valuations typically lead to weaker returns over the months ahead, according to Goldman’s analysis.
Tech-heavy Nasdaq is up five straight months. History shows this happens next, Bespoke says.
The U.S. stock market has been on a tear over the past five months — and more gains may be in store for the technology-heavy Nasdaq Composite Index, if history is any guide, according to Bespoke Investment Group.
Manufacturers show sign of revival as ISM index turns positive for first time in 17 months
A barometer of business conditions at American manufacturers turned positive in March for the first time in 17 months in another sign the industrial side of the economy is on the mend.
Construction spending posts bigger-than-expected drop
Construction spending fell 0.3% in February, the Commerce Department reported Monday.
AMC CEO says domestic box office has ‘finally turned upwards’
The domestic box office has had its best March in five years, according to AMC CEO Adam Aron.
Ballard Power’s stock rallies on largest order in company history
The fuel-cell maker said it inked a deal with a European bus manufacturer to supply up to 1,000 hydrogen-fuel-cell engines — its largest supplier deal since it was founded in 1979.
Disney’s board battle heats up as two notable investors back Nelson Peltz
CalPERS and Neuberger Berman are supporting Trian director candidates ahead of Wednesday’s vote deadline.
Treasury yield curve steepens as traders react to latest inflation data
Yields on longer-duration Treasurys ticked higher on Monday while short-dated yields declined as traders reacted to an inflation report and commentary from Federal Reserve Chair Jerome Powell from Friday.
FedEx’s stock dips after parcel-delivery company says its USPS contract will expire in September
Rival UPS said it will become the primary air-cargo provider for the United States Postal Service.
Take MarketWatch’s 2024 Financial Literacy Quiz. Will you get a 100% score?
Financial literacy helps us to plan for the future, and makes the often obtuse world of investing and retirement more accessible.
The bullish case for this asset class is building, and big investors are AWOL
Our call of the day says big investors are missing out on a potentially lucrative trade right now: commodities.
Early look at key data: Strong job growth expected in March
The most critical question facing the U.S. economy this week is how many jobs were created in March.
From ‘Ripley’ to ‘The Jinx: Part 2,’ here’s what’s worth streaming in April 2024
Hulu and Netflix are still the best of the bunch in a surprisingly slow month for streaming services.
Gold hits fresh record as rate cut hopes build after data shows inflation ease
Gold continues its march higher on Monday, following data last week showing an ease a Fed favored inflation gauge.
Nippon Steel’s new president says he’s committed to U.S. Steel acquisition
The new president of Nippon Steel Corp. says he’s determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help strengthen the American steelmaker.
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs
More individual stocks pitched in to help drive the S&P 500 to record highs during the first quarter, rebutting skeptics’ concerns that the market’s gains were too narrow to endure.
San Francisco’s performing arts scene takes on our love-hate relationship with tech
Recent productions of ‘Mere Mortals’ and ‘Big Data’ reflect the unease we feel with emerging technology
I’m in the military and I’ve been relocated. Where do I file my state taxes — and where does my spouse file her taxes?
More than 400,000 service members get “permanent change of station” orders every year.
Companies will soon have to disclose how they’re managing climate-related risk. That’s good news for stock investors.
A long-overdue step toward giving investors crucial information to make informed decisions.
Bitcoin halving gives investors a full picture of crypto hope and hype
Increased market interest and speculative activity potentially leads to short-term price surges.
I inherited an inherited IRA. How can I withdraw from it, especially if I’m going to be hit with a big tax bill?
The rules surrounding inherited IRAs can be complicated.
Renting is now cheaper than owning in all of America’s 50 biggest metro areas
It’s more affordable to rent rather than buy in the top 50 metros in the U.S., according to a report by Realtor.com.
Our mom is 80 and in a downward spiral, and we don’t know how to protect her money. How do we avoid high taxes?
A trio of siblings is worried that their elderly mother will burn through her money because of healthcare costs and taxes.
Malls were a dirty word in commercial real estate. Now retail is a bright spot.
Foot traffic at top shopping centers is coming back, but “dying malls” are still a problem.
Individual investors are buying fewer stocks, but using more leverage
Individual investors are flocking to leveraged ETFs, leaving them more susceptible to pullbacks, analysts warn.
Boeing had a good week cleaning house — but now comes the hard part
These 7 steps can give Boeing a path to recovery.
What could spark the next stock-market selloff? Here’s what history tells us.
The S&P 500 has marched higher by nearly 30% over the past five months, prompting even bullish market strategists to entertain, or even welcome, the prospect of a “healthy” correction.
Here’s how Wall Street analysts’ favorite stock picks performed over the past five years
The results of a performance comparison of highly rated stocks and ones selected through analytics might surprise you.
Here’s what the Trump DJT and Reddit stock deals might mean for the broad market
Also, what might push stocks lower, AI-investment alternatives and how brokerage accounts work.
Why the owner of the NBA’s Timberwolves could make $1 billion more now that his sale to A-Rod has ‘expired’
In 2021, Glen Taylor agreed to sell the Minnesota franchise for $1.5 billion. The team is now likely worth at least $2.5 billion.
‘I was devastated by her infidelity’: I’m still on the deed of my ex-wife’s house, but our divorce decree says she gets the property. Am I sitting on a golden goose?
“I harbor no ill-will towards her and I’m not looking to extort her, I just think we’re long overdue for a clean break.”
Tupperware sounds another warning for investors with more filing delays
Tupperware Brands Corp. will miss the deadline to file its 2023 annual report amid cascading delays and trouble retaining employees involved in accounting.
What do the latest inflation figures mean for the next Social Security cost-of-living adjustment?
There’s good news, and there’s bad news.
Inflation is heading higher again. Is it a ‘bump’ in the road or something more?
An uptick in inflation early this year and remarkably strong economic growth are likely to keep U.S. interest rates high, but probably not for long.
Beware Nvidia and the S&P 500 ‘index waltz,’ says this market-beating fund manager
The current stock-market mania could come for your retirement accounts.
AMD CEO Lisa Su earned nearly double what Intel CEO Pat Gelsinger did in 2023
Intel Chief Executive Pat Gelsinger got a big bump in compensation in 2023, but it still amounted to just over half what Lisa Su made as CEO of rival Advanced Micro Devices.
Eleven Republican-led states sue Biden administration to block student-debt relief plan
Eleven Republican-led states are suing the Biden administration to block its new student-loan repayment plan, SAVE, which has already resulted in more than $1 billion in debt cancellation for more than 150,000 borrowers.
Add FOMO to the list of reasons stocks can keep climbing, Natixis says
The S&P 500 is up almost 50% since October 2022.
Lowe’s customers slam retailer for ‘predatory’ 31.99% credit-card APR
“These interest charges could be astronomical on a big purchase,” says one credit-card expert of the 31.99% interest rate on the Lowe’s credit card.
Nvidia’s stock snaps a record weekly winning streak but a monthly streak still lives
Nvidia’s stock did something this week that it hasn’t done since the first week of the year. It fell.
A third of home sellers are dropping list prices in this market. They may have ‘misjudged the market,’ economist says.
Some markets have seen a big bump in newly built homes, which is affecting supply-and-demand dynamics.
Bowlero’s stock is a buy after strong boost in foot traffic in February, says Jefferies
All 10 analysts that cover Bowlero rate the stock a buy.
Easter falls really early this year. Why that could cost retailers $1.6 billion.
Easter sales will total $22.4 billion in 2024, according to the National Retail Federation — a 7% decline from last year.
Ex-FDIC Chair Sheila Bair says it’s wrong for regulators to ‘discourage’ regional bank mergers
The U.S. banking system may become more of a barbell made up of the biggest and smallest banks if more regional banks go away: Bair
Is the 3% cash-back Robinhood Gold card worth it? ‘There’s one audience this card is really good for.’
Robinhood wants to be ‘a one-stop shop’ for your financial life with its new credit Robinhood Gold credit card.
U.S. trade in goods deficit widens to highest level in ten months in February
The numbers: The U.S. trade deficit in goods widened 1.5% to $91.8 billion in February, according to the Commerce Department’s advanced estimate released Friday. Economists polled by Econoday were looking for the deficit to widen slightly to a $90.6 billion deficit.
Warren Buffett spent more than $350 million to buy these stocks in the past week
Warren Buffett now owns about 30% of Liberty SiriusXM’s outstanding shares.
The S&P 500 and Wall Street’s ‘fear gauge’ are both up in 2024. Should investors be worried?
Something unusual happened in the stock market this quarter: Both the S&P 500 and Cboe Volatility Index, better known as the Vix, rose.
The stock market roars when the VIX is tame — like now
Tranquil markets aren’t considered bullish, but this year proves otherwise.
‘I find this evil’: My stepfather, who was worth $14 million, put my mother in a facility — then they both died. He did not honor their prenup. What can I do?
“I have two biological brothers. My stepfather had four children of his own from a previous marriage that helped him with this scheme.”
Retirees are more afraid of healthcare than they are of running out of money
Even more scary than running out of money in retirement is paying for healthcare, which can be a major drain on any retiree’s nest egg.
This small-cap stock is expected to take off — if its weight-loss pill trial succeeds
Terns Pharma is due to release data from an early-stage trial of an obesity treatment in pill form in the second half. Positive data would send the stock higher.
France inflation dips more than expected in March
French inflation fell more than expected, closing in on the European Central Bank’s target as recent trends of easing prices continued.
Stocks can keep going up — as long as this one key indicator stays down
Low VIX readings continue to vex market bears.
The maker of Tommy Bahama says shoppers are still hesitant. It’s investing in new stores anyway.
Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.
ETF flows in first quarter reflect investor hopes for ‘soft landing’
For this week’s ETF Wrap, I caught up with State Street’s Michael Arone to talk about flows and performance this month and quarter — as well as risks to his soft-landing outlook.
‘We are blessed’: My mother, 72, gets $11,000 a month, not including income from retirement savings. Should she get long-term care insurance?
“She worked for 25-plus years as a county nurse and, as such, she has a healthcare plan and a great pension, both for life.”
These tips for investing in mutual funds and ETFs can help you go with the market’s flow
A winning fund’s strategy, a bitcoin milestone and a proven way to manage risk.
How Sam Bankman-Fried’s 25-year sentence compares to Bernie Madoff and Elizabeth Holmes’s jail time
As much as $10 billion in customer deposits went missing from FTX, Bankman-Fried’s crypto-trading platform, as a result of his fraud.
RH shares are on pace for their best day in more than three years. Some analysts aren’t buying it.
The home-furnishings company’s fourth-quarter results didn’t “provide resolutions to the key debates” around its future performance, one analyst says.
Gas prices topping $4 a gallon this summer is possible — but not expected
Retail gasoline prices are set to rise as they usually do just as the U.S. summer driving season gets underway, but to say the average national price will climb to $4 a gallon is a bit of a stretch.
Palantir’s ‘egregiously rich valuation’ draws downgrade to sell
Monness Crespi Hardt analyst cuts AI technology company’s rating to bring it ‘back to reality’
Good Friday’s PCE data brings crucial inflation reading — but markets are closed
Stock-market investors get a key piece of economic data on Good Friday, but won’t be able to trade on it.
Disney steels for April 3 shareholder showdown with activist investors
Rest assured, Walt Disney Co.’s annual shareholders meeting next week will not be the happiest place on earth.
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.
Inflation is taking a bite out of retirement savings — but there might be hope in sight
Persistent inflation has eroded Americans’ ability to prepare for their financial futures by causing them to reduce savings, take on debt and withdraw from retirement accounts.
Consumer sentiment climbs to 2½-year high as inflation eases
Americans express increasing confidence that inflation will continue to ease — and reduce the financial strain on households.
Oil prices move higher, on track for solid quarterly gains
Oil futures rose Thursday, on track for solid quarterly gains.
Jamie Dimon sells $32 million in JPMorgan Chase stock as shares vest
JPMorgan Chase & Co. Chief Executive Jamie Dimon has sold another batch of stock about a month after he raised $150 million through an earlier insider transaction.
Chicago business-activity index weakens further in March
The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.
AMC shares fall 13% as movie theater chain announces stock sale
Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”
It’s time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
Citigroup analysts are greenlighting the next round of AI stock buying, but say look beyond U.S. shores.
Jobless claims fall slightly to 210,000 and show robust labor market
The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.
Tesla has had a ‘nightmare’ first quarter amid weak China demand, says this longtime bull
Wedbush’s Dan Ives trims his stock-price target to $300 from $315 after a “perfect storm” of issues.
My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?
“We are in our late 60s, in good health and we have a second home worth $900,000 that is fully paid for.”
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.
‘I have a physical disability’: My sister and I will inherit our mother’s house, but it’s miles from anywhere. Should I force her to sell?
“I’d like to have a nest egg of my own for the future as I will need to pay for private care or for a senior-living center.”
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.
Spirent turns back on Viavi in backing Keysight’s $1.46 billion takeover bid
London listed Spirent Communications called on shareholders to back Keysight Technologies’ takeover plan
RH expects furniture demand to improve, after ‘the most challenging housing market in three decades’
Shares of RH rallied after hours on Wednesday, after the luxury furniture chain said it expected demand to pick up through this year, after contending with what it said was “the most challenging housing market in three decades.”
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’
Walmart to refile paperwork on Vizio deal after ‘informal’ antitrust talks with feds
Walmart Inc. and smart-TV maker Vizio Holding Corp. said late Wednesday that they would refile paperwork related to their proposed merger.
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.
Here’s how much cord-cutters need to pay to watch MLB games — over $1,000 if you’re a Yankees fan
Opening Day is here. With more people cutting the cord and additional games only available on streaming networks, watching baseball has gotten more complicated — and expensive. Here’s how much.
Canopy Growth rally continues with 28% gain after recent talk about federal cannabis reforms
Cannabis stock Canopy Growth has been rising sharply since March 14 and has gained 140% in the past week.
Carnival provides estimate of what the Baltimore bridge collapse will cost it
Carnival Corp.’s stock dropped Wednesday after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also provided an estimate for what the collapse of the Francis Scott Key Bridge in Baltimore would cost it this year.
Novocure’s stock surges after positive results in brain-cancer trial
Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.
Oil could trade near $100 this year. Here’s what could drag prices back down.
Russia’s decision to deepen its oil production cuts could lift global benchmark crude near $100 a barrel by September, but demand destruction may play a part in dampening price prospects, said analysts at J.P. Morgan.
Land’s End’s stock rallies as retailer posts stronger-than-expected sales
Shares of Land’s End surpassed the $10 mark for the first time since August 2023.
Tesla joins forces with Chinese battery maker CATL, and it’s a ‘game changer’ for this analyst
“The U.S. is an under-penetrated EV market in need of high quality, cheap battery tech. China is a highly penetrated EV market with an oversupply of batteries.”
A third of Asian Americans who live in poverty have college degrees. What’s going on?
A new Pew report on Asian-American poverty finds that education does not always create opportunities.
Is the stock market open on Good Friday?
The Treasury market closes early on Thursday, March 28
Biden’s late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines.
Oil prices pare losses as official U.S. data show rise in crude supply of more than 3 million barrels
Oil futures declined on Wednesday but pared some of their early losses after official U.S. data revealed a weekly increase in commercial crude inventories that was smaller than what was reported by an industry trade group.
GameStop’s demise could come later this decade, analyst says
GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this decade, according to analyst firm Wedbush.
Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.
Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.
Reddit IPO is telling stock investors what they should know about the market now
A growing ‘wall of worry’ that U.S. stocks are entering a period of irrational exuberance.
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury Department.
This was a hot and promising sector for 2024. That’s over for now, says this strategist.
Much chatter has been devoted to what’s needed for the U.S. stock market rally to continue this year. A big one on the to-do list? Seeing gains spreading beyond the “Magnificent Seven” tech stocks, which themselves have not been moving in tandem.
S&P issues negative outlook on five U.S. regional banks due to office space exposure
Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall looms
Merck’s stock rallies toward a record after FDA OKs arterial-hypertension drug
Merck’s stock rallied into record territory Wednesday, after the drug giant’s treatment for pulmonary arterial hypertension, Winrevair, was approved by the U.S. Food and Drug Administration.
Boeing is paralyzed, and this failing by its executives and directors is to blame
The problem isn’t a lack of controls, visibility or knowledge. It’s the lack of innovative thinking.
Amazon and other tech giants can’t afford to lose power — so they’re making it
Traditional utilities are no match for upstart rivals seeking fast growth.
Should we pay cash for a $900,000 dream retirement home or take out a 6.5% mortgage?
When borrowing costs are high, cash deals can be enticing — but they can also eat up a nest egg.
Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.
DS Smith shares surge as International Paper’s takeover offer threatens to spark bidding war
International Paper has offered to buy DS Smith for £5.72 billion after Mondi submitted a bid to buy the firm for £5.12 billion earlier in March
Peacock, Amazon get exclusive streaming rights to two high-profile NFL games
Peacock to stream Week 1 game from Brazil, while Prime Video gets a wild-card playoff game.
What’s behind Tesla’s stock rally? A short test drive.
A new sales directive is boosting Tesla’s stock on Tuesday.
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.
Shockwave Medical shares rise on report of acquisition talks with Johnson & Johnson
Shares of medical-device maker Shockwave Medical Inc. rose Tuesday following a report that Johnson & Johnson was in talks to acquire the company.
Oil prices remain steady as investors weigh supply outlook
Oil futures were little changed on Tuesday, consolidating after bumping higher in the previous session on worries over the global supply outlook.
Should parents ‘charge’ a 6-year-old for rent and groceries? Here’s what financial therapists think about this TikTok money lesson.
“Starting them at that age is great,” one financial adviser says of a viral TikTok video about a mom who makes her young children “pay” for rent, groceries and utilities.
Apple’s big AI news is coming — and Wall Street likely just got a date for it
WWDC kicks off June 10 and is expected to feature an AI announcement.
NC State’s DJ Burns doesn’t just rely on NIL deals. He owns vending machines too.
Burns, about to play in March Madness’ Sweet Sixteen, says, ‘I’m gonna be honest, I can’t eat what’s in my vending machines’
Will hackers get my $3 million retirement savings if I keep it all at one investment firm?
Many people think spreading their accounts around to different institutions will keep their money safe, but that might be more trouble than it’s worth.
Economist Claudia Sahm created one of the most accurate recession predictors. Here’s why she’s getting worried.
Sahm has been calling on the Fed to cut interest rates since December.
‘She cleaned him out’: My dying father, who had stage 4 cancer, moved in with his girlfriend. She sold his house and pocketed the money.
“She flipped the title on his car, sold all his furniture and told us that our dad didn’t leave me or my sister anything.”
Trump’s campaign is bleeding cash. Here’s why he could win anyway.
Trump has some unique political strengths, experts tell MarketWatch. But it’s not clear if it can overcome his dollar deficit.
CPI inflation will almost surely be above 3% well into midyear, Garda’s Magnusson says
The first two months of 2024, which brought more signs of surprisingly persistent U.S. inflation, have paved the way for the annual headline rate of consumer-price gains to remain above 3% well into June or July.
Early reviews of the IRS Direct File free tax-prep tool are in. Here’s what taxpayers say so far.
‘It was the fastest I’ve ever done my taxes,’ says one user. An estimated 19 million people could be eligible to use Direct File, the IRS says.
The deadline to receive 2020 stimulus-check money is fast approaching. Here’s how to finally get yours.
Three years after the Internal Revenue Service began sending out stimulus checks amid the pandemic, the IRS is reminding taxpayers that there’s one more chance to claim any missed-out money and other overlooked refunds from 2020. But the deadline is coming up fast —...
McCormick’s stock gains as spice maker benefits from consumers eating at home more
McCormick’s net income climbs 19% as spice company refocuses on more profitable products.
BlackRock’s Larry Fink calls for urgent national action on retirement crisis
The retirement crisis facing America is so “big and urgent” that government and corporate leaders need to stop business as usual and tackle the problem so that future generations will be able to grow older with dignity, according to the chair and chief executive of...
Trump’s stake in Truth Social swells by $2 billion in less than 24 hours
Trump Media & Technology Group’s stock soared Tuesday on their debut under the new DJT ticker symbol, providing a windfall for the former president.
Home prices reach new high in January, Case-Shiller says
Case-Shiller 20-city home price index up 6.2% year-on-year in January.
Micron’s stock heads for best month in 13 years as bulls see more AI gains ahead
Micron has cemented itself in Wall Street’s eyes as a financial beneficiary of artificial intelligence, and investors are excited about what’s to come.
Microsoft is already bigger than Apple, but its ‘iPhone moment’ could be coming
Wedbush is excited about the potential for AI to give a big boost to Microsoft’s cloud business.
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.
Krispy Kreme’s stock rockets toward a record gain after McDonald’s announces it will sell the doughnuts at all U.S. restaurants
Krispy Kreme’s stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant’s U.S. restaurants.
Here’s how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
Is it now time for 55% stocks, 40% bonds and 5% bitcoin in a portfolio?
Donald Trump joins list of world’s biggest billionaires, boosted by Truth Social stake: report
Former President Donald Trump has joined the ranks of the biggest billionaires in the world, thanks largely to his stake in a social-media company that just completed a merger with a blank check company.
Boeing’s CEO is departing, but the company’s problems run far deeper
Troubled aviation giant needs to restore its engineering and safety reputation.
Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago
If you want to get a fascinating insight into the crisis that has enveloped Boeing, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder.
‘He demonizes me’: My delightful father, 95, has substantial assets. I’m afraid my right-wing brother will steal his money. What can I do?
“My brother is named executor, and he also has the sign-in passwords to all our father’s investment accounts.”
Adam Neumann reportedly bids to buy back WeWork for more than $500 million
WeWork Inc.’s co-founder and former chief executive Adam Neumann has submitted a bid to buy the bankrupt company for more than $500 million, the Wall Street Journal reported late Monday.
India must avoid the mistakes of China and Big Tech to keep attracting investors
Recognizing its financial and political clout and adapting accordingly is the key to India’s continued growth.
Caitlin Clark and March Madness: TV networks hope she keeps winning, but sportsbooks hope she loses ASAP
Over 27% of all money wagered on the women’s NCAA Tournament winner was bet on Iowa, according to BetMGM.
Trump scores two financial victories with appeals-bond ruling and Wall Street stock listing
A bond decision lifts immediate financial pressure off the former president while a Nasdaq listing windfall moves closer to fruition — but trouble still looms as a first criminal-trial date is set.
EU opens probes of Big Tech under new law
EU opens probes of Big Tech under new law
EV maker Lucid Group rallies on heavy volume after $1 billion investment by majority stockholder
Affiliate of Saudi sovereign wealth fund will buy $1 billion of a new series of convertible preferred stock via private placement.
U.S. stock-market rally could hit the skids if companies miss this mark, strategist warns
The record-setting rally in U.S. stocks could run into trouble if companies report disappointing profits, according to a top equity-market strategist at Morgan Stanley.
DWAC’s stock soars ahead of switch to ‘DJT’ ticker
Digital World Acquisition Corp. powered higher Monday, after the merger with former President Donald Trump’s social-media company officially closed.
U.S. charges Chinese cyber company with hacking U.S. infrastructure as part of an attack on China’s critics
The DOJ said that more than 10,000 individuals and organizations were targeted in total, including “government officials around the world who expressed criticism of the PRC government.”
Masimo’s stock gains on report of activist campaign, disclosure of spinoff plan
Masimo Corp.’s stock was up by nearly 5% on Monday after Politan Capital Management said it plans to nominate two more members to the patient-monitoring-technology company’s board.
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.
California homeowners face an insurance crisis. What will it mean for home prices in the state?
Californians face yet another setback on the housing front as a major insurer pulls out of 72,000 home-insurance policies, citing costs.
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.
Vista Outdoor’s stock rises on boosted $3 billion acquisition offer
MNC ups its take-private price to $37.50 a share from $35 a share.
Sales of new homes inched down in February
New home sales at 662,000 annual rate in February versus 664,000 in the prior month.
Fisker’s stock tumbles further as talks with carmaker fall through
The EV company had been in talks with a big carmaker about a potential transaction, but that company has terminated negotiations.
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.
Boeing CEO Dave Calhoun to step down, and the stock surges
Steve Mollenkopf elected to become board chair, and will lead efforts to select next CEO.
Super Micro’s stock stands out by these metrics, JPMorgan says in bullish call
Another analyst has joined the bull camp on shares of Super Micro, which have experienced a nearly 800% surge over the past 12 months.
Here’s one good reason to be glad that Tax Day is coming
Over the past 70 years, the first two weeks of April have boosted U.S. stocks.
Buy gold or gold miners? You don’t have to dig deep to hit paydirt.
Why gold-mining stocks look set to outperform physical gold.
Big tech companies could drive the S&P 500 to 6,000 this year or crash it to 4,500, says Goldman Sachs.
Goldman Sachs lays out a scenario for the S&P 500 to hit 6,000 by the end of the year thanks to Big Tech.
Oil prices buoyed by geopolitical tensions
Oil futures rose early Monday, lifted as investors monitored geopolitical tensions in the Middle East and kept an eye on developments in the Russia-Ukraine war.
China reportedly seeks to block Intel, AMD, and Microsoft tech from being used in government computers
Beijing has introduced new procurement guidelines that seek to promote use of Chinese tech
Going where the growth is means going to Europe
Earnings growth is where Europe has turned a corner without investors in the U.S. realizing it.
The Fed’s less concerned about inflation so buy energy stocks, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.
U.S. stocks shot up nearly 30% in 5 months. Is it time to worry about a correction?
Investors betting on a ‘perfect’ landing will focus on PCE inflation data in the week ahead
‘I’m spending a fortune on home maintenance. I realize my second husband is essentially living in my house for free’: What is a fair way to split costs?
‘When I married my husband, he sold his house, which was valued at about $100,000 more than mine, but he had no equity in it.’
This vaccine may help protect against dementia — and it’s already available
Data show a correlation between use of a common vaccine and lower risk of getting dementia, a drug company executive said
I’m 60 with $6,100-a-month in Social Security disability and a pension. I want my money to work for 20 years — what do you recommend?
“I live in a small town home. I refinanced my $185,000 mortgage a few years ago at 3.1% interest.”
Online shoppers are feeling frustrated. Blame it on the ‘Amazon effect’?
A new survey says consumers find e-commerce sites often fail to meet expectations. Experts say that’s because shoppers have become accustomed to how Amazon gets things done to their liking.
U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion
Retroactive removal of deduction limits is a giveaway to corporations.
Aging-in-place may be a luxury you can’t afford
Cost of in-home care soars by double digits in just a few years
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.
Big Tech just lost a round in its fight to profit from our private data
The Biden administration is taking steps to protect Americans’ sensitive personal information and government-related data.
Fund managers who let politics direct their portfolios shouldn’t get your money
Politically diverse fund-management teams perform better.
If you’re joining a Mega Millions lottery pool and hoping to share in the $1.1 billion jackpot, here’s how to avoid legal issues
The goal is to spell out everything in advance just in case you hit the jackpot, attorneys say.
After a dementia diagnosis, these 3 questions can help ease money worries
Ways to figure out whether your savings will cover your care.
Why the ‘Magnificent Seven’ and other momentum stocks may be hitting a wall
Riding a wave is exciting as long as it lasts — but watch out when it crashes.
Videogame voice actors poised to strike as they battle AI for their jobs
Videogame makers like Epic and Electronic Arts are facing a strike threat over AI-generated voices.
Here’s the reality about the mutual funds and ETFs that beat the stock market in 2023
One good year doesn’t make a trend.
S&P 500 isn’t letting anything get in its way as momentum and fundamentals stay strong
Volatility is low and market signals are still flashing green.
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.
Nvidia shows it’s still on track for AI dominance
The chip giant is poised to sell more recurring-revenue products, rather than just one-and-done hardware sales.
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.