I have been married for eight years. My husband and I have had our ups and downs, as most married couples do. We got married young — he was 26 and I was 25 — which was probably not the best idea, as we had only known each other about a year and a half….
China’s still-floundering economy is only one of a laundry list of worries for foreign businesses active in the country, yet most still plan on investing significant sums into their Chinese operations, according to two much-anticipated reports this week. Uncertainty over Chinese government policy, U.S.-China tensions, toughening local competition and pressure from the Biden administration to…
More than 75,000 healthcare workers are set to strike for three days in October over what they say are bad-faith negotiations by Kaiser Permanente executives regarding staffing issues, their unions said Friday. The Coalition of Kaiser Permanente Unions issued a 10-day unfair-labor-practice strike notice to Kaiser on Friday, the last day of scheduled bargaining talks before…
Story developing. Check back for updates. Boston Federal Reserve President Susan Collins said the U.S. central bank might not be done raising interest rates and that they are likely to stay “higher, and for longer, than previous projections had suggested.” While there are promising signs inflation continues to slow, Collins said Friday in a speech…
VinFast Auto Ltd. late Thursday reported a second-quarter loss of half a billion dollars, saying it delivered more than 9,000 electric vehicles globally for sales of about $315 million in the period. Vietnamese EV maker VinFast VFS, -8.38% went public in August through a SPAC deal, and the stock more than tripled by the end…
With Cisco Systems Inc.’s pending acquisition of Splunk Inc., the networking giant is making another major step toward becoming a software company. On Thursday, Cisco CSCO said it was buying Splunk SPLK in a deal valued at about $28 billion, or $157 a share in cash, for the cloud-security company. The match had been speculated…
Nippon Television Holdings shares JP:9404 rose sharply Friday morning following its plan to acquire shares in Studio Ghibli to make the animation powerhouse a subsidiary. The shares were recently 12% higher at 1,544.0 yen ($10.46) after rising as much as 22% earlier. Nippon Television said Thursday after market close that it would become the…
The Consumer Financial Protection Bureau is taking steps toward removing all medical debt information from Americans’ credit reports, a move meant to help the millions of Americans whose credit scores drop after bills for expenses like unexpected hospital visits go unpaid. While the information surrounding most unpaid medical debts has already been removed from credit…
Exchange-traded funds that invest in long-term Treasury bonds are dropping Thursday, as yields continued their march higher in the wake of the Federal Reserve’s meeting on monetary policy. Shares of the Vanguard Long-Term Treasury ETF VGLT were down a sharp 2% on Thursday afternoon, while the iShares 20+ Year Treasury Bond ETF TLT sank 2.2%,…
First, think about where you are in your career and what you need most when it comes to support from your employer.
T2 Biosystems Inc., a Lexington, Mass.-based developer of diagnostics for rapid identification of dangerous pathogens, has reached a key regulatory milestone that could alter its near-term future, according to one analyst. Ben Haynor, an analyst at Alliance Global Partners, said the Food and Drug Administration’s clearance of the company’s T2Biothreat panel, which detects six pathogens…
Darden Restaurants Inc., parent company of brands including Olive Garden, LongHorn Steakhouse and Yard House, posted better-than-expected fiscal first-quarter earnings on Thursday, boosted by the addition of 77 restaurants from Ruth’s Chris Steak House, which it acquired in June. The company DRI had net income of $194.5 million, or $1.60 a share, for the quarter…
Toshiba Corp. JP:6502 said Thursday that a tender offer to take the company private ended successfully. The Japanese industrial giant in March agreed to a takeover proposal made by a consortium led by Tokyo-based private-equity firm Japan Industrial Partners that valued the company at about 2 trillion yen ($13.48 billion). Toshiba said about…
Shares of Instacart, the online grocery-delivery service, slumped to their initial public offering price on Wednesday, as investors appeared to have second thoughts, in a setback for the newly energized IPO market. In after-hours trading Wednesday, Instacart CART, known formally as Maplebear Inc., fell slightly below its original offering price of $30 a share, closing…
Hollywood writers and studios are reportedly near an agreement to end one of the months-long strikes that have brought production of TV shows and movies to a halt. Citing sources close to the negotiations, CNBC reported Wednesday night that the two sides were close to a deal following a face-to-face meeting earlier in the day….
KB Home shares declined in the extended session Wednesday even after the home builder reported results that topped Wall Street estimates, hiked its revenue forecast for the year and reported steady demand amid rising mortgage rates. KB Home KBH shares slid more than 2% after hours, following a 0.7% decline in the regular session to…
The Federal Reserve’s interest-rate hikes are kicking in by slowing growth and cooling inflation, but also making a recession more of a threat, says Rob Waldner, Invesco’s chief fixed-income strategist and head of macro research. “We are increasingly worried about a recessionary environment,” Waldner told MarketWatch late Wednesday, despite what Fed officials said earlier in…
Dear Quentin, I have a question that might appear like a simple one, especially for all the advanced money-management folks out there and for people with more money than I have. I am 50, have very little savings, and I would like to invest $50,000. What is a good type of account to start with?…
The grocery-delivery app Instacart, known officially as Maplebear Inc., debuted on Wall Street with a bang Tuesday, opening 40% above where its initial public offering priced before easing later on — potentially paving the way for more IPOs after a two-year dry spell. Shares finished the day up 12% from its $30 IPO price, at…
“ Organizations bear the responsibility to foster an environment of transparency for their whistleblower programs to succeed. ” In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements and commingling of client funds…
U.S. stocks were lower Tuesday afteroon, as oil prices and bond yields rose ahead of the Federal Reserve’s interest rate decision Wednesday. How stocks are trading The S&P 500 dropped 20.7 points, or 0.5%, to 4,432 The Dow Jones Industrial Average fell 200 points, or 0.6%, to 34,432 The Nasdaq Composite declined 47 points, or…