It will take more than the Federal Reserve raising interest rates in the midst of the worst banking mess since the 2008 financial crisis for stock-market investors to lose their cool. But gains for all three major stock indexes last week, which came amid volatile trading, don’t guarantee smooth sailing, stock-market analysts and investors said….
Gordon Moore, a founding father of Silicon Valley whose work in the chip industry catalyzed computing, died Friday at 94, with his passing marking the further end of a golden era for the technology industry. An Intel INTC, +1.14% co-founder who played an integral role in several of the earliest semiconductor companies, he is perhaps…
Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s shares DBK, -10.70% fell 8% in Frankfurt trade, and the Euro Stoxx bank index SX7E, -5.51% fell 4%. Deutsche Bank’s 5-year credit-default swaps widened on Thursday, in what Reuters reported…
Small-cap stocks are a great place to put your money right now because they’re cheap. How cheap? Bank of America analysts pointed out recently that this group trades 10% below their long-term average p/e ratio. For guidance on how to invest in the small-caps and names to consider, I recently talked with a mutual-fund manager with…
The numbers: U.S. industrial production was flat in February, the Federal Reserve reported Friday. The unchanged reading was in line with economists expectations, according to a survey by The Wall Street Journal. Output rose a revised 0.3% in January, revised up from the initial estimate of a flat reading, but there were deep declines in…
UiPath Inc. stock rose sharply in after-hours trading Wednesday after the company’s fourth-quarter, full-year results and outlook exceeded Wall Street’s expectations. UiPath PATH shares climbed about 15% after hours, after an almost 2% increase in the regular session to close at $14.64. The automation-software company had “a very strong fourth…
Dear Tax Guy, My daughter is considering a Canadian school for her Bachelor’s degree. The school is on the U.S. Department of Education’s website as a “deferment only” school, which means a student cannot get new federal loans while at this school. But if she has existing loans, they can be deferred while she goes…
Thousands of miles away from U.S. shores early Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic as it dawned on investors they may be facing yet another banking crisis. In Zurich, shares of Credit Suisse CS CH:CSGN tumbled more than 20% at one point to a new record…
KBW recommends buying a batch of financials as the recent selloff is considered overdone.
When package-deliverer FedEx Corp. reports its third-quarter earnings on Thursday, the results won’t just be about the state of shipping. They’ll be about all the state of people and businesses that still want it, after e-commerce demand cooled off last year and FedEx FDX, -2.66% itself embarked on a quest to slash billions in costs….
Miguel Abreu, a ride-hailing driver, bought a Chevy Tahoe for about $80,000 last summer. He spent about $10,000 getting a commercial license and hiring an accountant to set up a luxury Uber Black business, then bought a Mercedes for $90,000 and lined up another driver for that vehicle. Then, in early December, Uber Technologies Inc….
Federal Reserve Chairman Jerome Powell set the stage for further rounds of interest-rate increases on March 7, sending bond yields higher and stock prices lower. Below are lists of the day’s biggest losers among the broad U.S. stock indexes. Bank stocks were hit particularly hard, as investors considered the Fed’s efforts to slow the economy…
These were among some of the more prominent stocks on the move in Tuesday trading: Biopharmaceutical company ADial Pharmaceuticals Inc.’s stock ADIL, +4.76% soared 22%, after the company issued an update on its regulatory strategy for AD04, its lead compound for the treatment of alcohol use disorder. Airline stocks were mostly higher, as JetBlue Airways…
The “gentle and forgiving path” taken by developed-market central banks to rein in inflation over the past year is likely to prove unsuccessful and trigger the need for more forceful, biblical-type action.That’s the view of economists Bruce Kasman, Joseph Lupton and Michael Hanson of JPMorgan Chase & Co. JPM, who described the response of central…
After the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line Holdings Ltd. says its affluent target customers are opening their wallets for travel now and in the future. The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was higher than forecast. Norwegian’s NCLH, -11.45% stock tumbled…
The U.S. can’t build the things it needs to flourish in the 21st century, and permitting rules and not-in-my-backyard resistance is to blame, a high-profile economist writes. Noah Smith, who has a popular Twitter account and runs the Noahpinion blog, writes that the U.S. is a “build-nothing country,” with trouble building housing, transit and semiconductors….
Hi, MarketWatchers. Don’t miss these top stories. Warren Buffett wants you to visualize Berkshire Hathaway’s tax bill. Get out your binoculars. ‘At Berkshire we hope and expect to pay much more in taxes during the next decade,’ Buffett said in his annual shareholder letter. Read More Forget ‘quiet quitting.’ Some workers are now embracing ‘bare-minimum…
Norfolk Southern has made another $1.1 million in cash donations to East Palestine, Ohio as the community recovers from the train derailment that sparked a fire and sent hazardous chemicals into the air and water. The railroad company said it donated $300,000 to the East Palestine City School District and $825,000 to the East Palestine…
Well, the worst day of the year for the stock market was followed by, basically nothing. Neither day had much in the way of new fundamental information, and on Thursday stock futures are higher. Animal spirits are as important as hard logic sometimes. Thursday also saw the release of the Credit Suisse Global Investment Returns…
Shares of China Renaissance Holdings Ltd. 1911, -26.50% are sharply lower after the company disclosed that it has been unable to reach high-profile financier Fan Bao, the company’s chairman and controlling shareholder. The Hong Kong-listed financial firm shed as much as 50% in morning trade Friday before pulling back to a 28% drop to HK$7.10….