After rival running-shoe makers put Nike Inc. on defense this year and overall demand remained subdued, executives for the athletic-gear giant on Thursday said shopper enthusiasm for sneaker-buying could be getting a bit better. That could mean more expensive shoes and clothes for customers, as sellers lay off price cuts intended to juice demand. But…
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…
Here are some of the biggest movers of the day: Stock gainers: Paramount Global PARA stock rose 3% and Netflix shares NFLX rose 1%, as the Writers Guild of America said a tentative deal has been reached to end the screenwriters strike after nearly five months. AstraZeneca…
The tail end of the second-quarter earnings reporting season lies ahead, but the companies reporting results this week will serve as a checkup on a wealthier consumer — or at least on shoppers’ willingness to treat themselves. Leading the discretionary-spending herd for the week ahead is Nike Inc., which reports quarterly results on Thursday. The…
The “Prime Effect” is real. With his confidence and his aphorisms, to say nothing of his coaching skills, Deion Sanders has led the University of Colorado football program to a 3-0 record and a top 20 ranking. Just weeks into his first season at the helm in Boulder, Sanders, known as “Prime Time” when he…
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…
U.S. News released its “Best Colleges” report on Monday, a much-anticipated annual list that ranks undergraduate colleges in the U.S., as well as some specific programs, such as business and finance studies. And, for the first time, the list for 2024 also ranks undergraduate economics degree programs. So which school has the best undergrad programs…
Here are some of the most notable stock movers ahead of Monday’s Wall Street open. Stock gainers: MariaDB PLC shares MRDB, -1.36% jumped 9% in premarket trading on Monday after venture capital group Runa Capital said Friday it had offered to buy the system software group for 56 cents a share in cash, representing a…
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…
Arm Holding Ltd. priced its initial public offering at the high end of its expected range late Wednesday following intense interest. The British chip-design company priced shares at $51, raising $4.87 billion, following earlier reports that Arm would pricing its IPO at $52 a share. A source close to the deal confirmed to MarketWatch that…
After years of investigations, lawsuits, the threat of legislation and plenty of congressional hearings, the federal government’s case against Big Tech is ready to have its big moment in court. An antitrust clash of the titans is scheduled to start Tuesday in a federal court in the District of Columbia, where the Justice Department will…
Here are some of the most notable stock moves on Wednesday. Stock gainers Shares of Gitlab Inc. GTLB rose 6% after the software company reported a surprise second-quarter adjusted profit and offered up a slightly more upbeat full-year outlook. Asana…
The U.S. Labor Day holiday will mark another milestone in the marathon to bring workers back to the office, but it won’t be a quick fix for landlords, according to Thomas LaSalvia, head of commercial real estate economics at Moody’s Analytics. Employers from Facebook parent Meta META, +0.17% to Goldman Sachs GS, -0.09% recently laid…
Not only are interest rates in the U.S. at their highest level in decades, the yield curve is inverted. Three-month U.S. Treasury bills BX:TMUBMUSD03M yield 5.45%, while 2-year Treasury notes BX:TMUBMUSD02Y yield 4.89% and 10-year Treasury paper BX:TMUBMUSD10Y will get you a yield of 4.19%. Therein lies the first warning: Institutional-bond investors believe the U.S….
Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS’s $28.88 billion profit in the second quarter was one for the record books. It was reportedly the largest that any bank has ever reported. Also read: UBS reports $29 billion profit as it rules out domestic bank spinoff According…
Here are the day’s biggest movers: Stock gainers: Vera Bradley Inc.’s stock VRA, +2.19% rose 10% after the handbag and accessories company swung to a profit in its fiscal second quarter from a loss a year ago and swept past earnings estimates. Emergent BioSolutions Inc.’s stock EBS, +11.06% rose 1% after the company said its…
It’s a catchy pop tune powered by a killer brass solo. So catchy, in fact, that it’s been dubbed the song of this summer after being streamed some 367 million times on Spotify. But listeners who only understand English may not follow the song’s storyline, which is about two young men admiring a beautiful woman dancing…
Netflix NFLX, +2.24% is allowing all DVD.com subscribers to keep their discs after September 29, for free. “We are not charging for any unreturned discs after 9/29,” the company explained in a tweet. “Please enjoy your final shipments for as long as you like!” DVD.com subscribers can also get a shipment of up to 10…
Nvidia Corp. shares rallied in the extended session Wednesday after the maker of graphics processing units that is leading the AI-hardware charge reported a 141% surge in data-center sales and record results. Nvidia NVDA, +3.17% shares rallied as much as 10% after hours, following a 3.2% rise in the regular session to close at $471.16,…
Snowflake Inc. broke from its pattern of outlook cuts Wednesday afternoon as it kept its forecast for the full year steady, and its shares were moving higher in the aftermarket. The company reported a fiscal second-quarter net loss of $227 million, or 69 cents a share, compared with a loss of $223 million, or 70…
Here are some of the biggest movers of the day: Stock gainers: Nvidia shares NVDA, +2.22% rose 2%, ahead of its eagerly awaited results after the close. Cathie Wood’s ARK Invest sold stock in the graphics chip maker on Tuesday, according to a fund disclosure. Netflix Inc.’s stock NFLX, +4.63% rose 5.6% to lead S&P…