Why the worst banking mess since 2008 isn’t tanking the stock market — yet

Why the worst banking mess since 2008 isn’t tanking the stock market — yet

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….

Opinion: Chip legend Gordon Moore leaves behind a Silicon Valley looking for its next big thing

Opinion: Chip legend Gordon Moore leaves behind a Silicon Valley looking for its next big thing

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 slump in latest sign of bank worries

Deutsche Bank shares slump in latest sign of bank worries

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…

Opinion: A small-cap fund guru explains why you need to invest in small companies: they’re the stock market’s undiscovered nuggets.

Opinion: A small-cap fund guru explains why you need to invest in small companies: they’re the stock market’s undiscovered nuggets.

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…

UiPath stock surges as results, outlook beat expectations

UiPath stock surges as results, outlook beat expectations

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…

My daughter has her heart set on attending a Canadian college. Will my 529 account still receive the tax benefits?

My daughter has her heart set on attending a Canadian college. Will my 529 account still receive the tax benefits?

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…

Here’s why a failure of Credit Suisse matters to U.S. investors

Here’s why a failure of Credit Suisse matters to U.S. investors

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…

E-commerce demand has slowed. FedEx’s results will show us where it stands now

E-commerce demand has slowed. FedEx’s results will show us where it stands now

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….

A driver spent $180K to start an Uber Black business. Then Uber deactivated him.

A driver spent $180K to start an Uber Black business. Then Uber deactivated him.

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….

These stocks fared the worst as Powell pushed the market down Tuesday

These stocks fared the worst as Powell pushed the market down Tuesday

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…

Meta’s stock up on report of more layoffs, and WeightWatchers telehealth deal gives it access to promising obesity drug market

Meta’s stock up on report of more layoffs, and WeightWatchers telehealth deal gives it access to promising obesity drug market

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…

Risk of ‘wrathful Old Testament–style’ reaction from central banks is rising, JPMorgan says

Risk of ‘wrathful Old Testament–style’ reaction from central banks is rising, JPMorgan says

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…

Norwegian Cruise Line CEO says consumers still ‘willing to spend on travel’

Norwegian Cruise Line CEO says consumers still ‘willing to spend on travel’

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. is a ‘build-nothing’ country, says economist, earning agreement from Elon Musk

The U.S. is a ‘build-nothing’ country, says economist, earning agreement from Elon Musk

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….

Forget ‘quiet quitting.’ Some workers are now embracing ‘bare-minimum Monday’ and pending home sales rise 8.1% in January, largest increase since June 2020 

Forget ‘quiet quitting.’ Some workers are now embracing ‘bare-minimum Monday’ and pending home sales rise 8.1% in January, largest increase since June 2020 

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…

What market historians expect from stocks and bonds over the next two decades

What market historians expect from stocks and bonds over the next two decades

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…

China Renaissance shares plunge after Chairman Bao Fan goes missing

China Renaissance shares plunge after Chairman Bao Fan goes missing

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….