I was recently notified by one of the frequent-flier programs I joined years ago that I had some miles set to expire. So I figured it was finally time to book that European trip I have been considering. It turned out, the miles in my account wouldn’t get me all that much, especially if I…
Barstool Sports founder Dave Portnoy has purchased a waterfront home in Nantucket for $42 million, the most money ever spent on a house on the island off Cape Cod, according to a Friday report from the Wall Street Journal. The record-setting transaction for the island enclave tops the previous high of $38.1 million, which was…
The housing market is at a standstill as sellers aren’t listing and buyers are pulling back due to high mortgage rates. But there’s one group in an advantageous position, one economist says. Despite a gloomy outlook for housing with the 30-year rate being at the highest level since December 2000 and contract signings on U.S….
You can’t keep big retailers out of the healthcare industry. Costco Wholesale Corp. COST, +1.00% is offering its members access to medical care, including $29 virtual primary-care visits, through its recent deal with online marketplace Sesame, joining a growing number of retailers who are dipping their toes into the healthcare industry. As part of the…
Republican presidential hopeful Vivek Ramaswamy took aim at social-media companies during the second GOP presidential debate, saying Wednesday night that he would aim to ban anyone age 16 or under from using those companies’ platforms. “If you’re 16 years old or under, you should not be using an addictive social-media product — period,” said Ramaswamy,…
“‘I would love to offer you a risk-free contingency plan.’” That’s Colin Kaepernick, who took his last snap as an NFL quarterback on New Year’s Day in 2017, addressing New York Jets general manager Joe Douglas in a letter dated Sept. 21 and given a wider public audience this week. Kaepernick, who led the San…
Costco Wholesale Corp.’s financial chief assured analysts late Tuesday that theft hasn’t been a problem over the past year, after the membership warehouse chain reported quarterly results that topped Wall Street expectations. Costco COST, -1.01% reported fourth-quarter net income of $2.16 billion, or $4.86 a share, compared with $1.87 billion, or $4.20 a share, in…
The Federal Trade Commission filed an antitrust lawsuit against Amazon.com Inc. Tuesday, the highest-profile case yet in the agency’s attempt to rein in Big Tech. “Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies,” FTC Chair Lina Khan said in a statement. The agency…
SYDNEY — Qantas Airways QAN, -1.69% said its fuel bill for the first half of fiscal 2024 could increase by 200 million Australian dollars (US$128.82 million) due to higher oil prices and a lower Australian dollar. Australia’s flag carrier said Monday that it expects its first-half fuel bill to rise by 7.7% to A$2.8 billion…
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…
Unity Software Inc. updated its new fee structure and apologized to game developers Friday, with the game-engine and game-ad-monetization company announcing a revenue-sharing/engagement option that will go into effect in 2024. Meanwhile, the executive responsible took to a game developer’s YouTube stream to explain the changes and apologize further. In a fireside chat not affiliated…
Elon Musk’s threat to charge all X members to use the service could hasten what is already turning into an exodus of users. People are spending less time on the service formerly known as Twitter, as well as on its new rival, Meta Platforms Inc.’s META, +2.39% Threads. X had an average of 21 million…
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…
Summer is officially over, and companies’ push to bring more workers back into the office is showing initial signs of working, according to one indicator. After Labor Day weekend, the occupancy rate of workplaces in 10 major cities surpassed the halfway mark for the first time since July, hitting 50.3%, according to Kastle Systems’ 10-city…
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…
The numbers: Builder confidence fell in September to the lowest level in five months as buyer demand waned on the back of persistently high mortgage rates. Buyers are struggling with rates over 7% and are choosing to wait until they drop, which pushed the National Association of Home Builders’ monthly confidence index down 5 points…
Oil and gas prices remain high for consumers, but heading into the fourth quarter, Wall Street analysts are saying buy the stocks. According to a FactSet analysis published on Friday, out of all the industries tracked by the firm, analysts were most upbeat about the energy sector, which has the highest percentage of “buy” ratings,…
Klaviyo Inc. is reportedly raising the target of its upcoming initial public offering to more than $550 million. Bloomberg News reported late Sunday that Klaviyo has decided to raise the target range for its shares to $27 to $29, up from its previously stated range of $25 to $27 a share. At the top of…
If you’re a burger eater, you’ll have plenty of reason to celebrate on Sept. 18. It’s National Cheeseburger Day, after all, and many fast-food and fast-casual chains will be offering deals to mark the occasion. McDonald’s MCD, -2.29% is even selling double cheeseburgers for a mere 50 cents. But what about the day after? Be…
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh a financial decision. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns by emailing our columnist at [email protected]. Fall is almost here, but if…
The so-called Magnificent Seven stocks have been leading the U.S. market this year, but now they look richly valued by many key measures — and they’re crowded trades. One in five funds have more than 40% of their holdings in the Magnificent Seven, says Bank of America. “Upside risk may be capped,” says B. of…