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…
China is reporting mixed economic news following last week’s political gathering that saw President Xi Jinping strengthen his grip on nearly all facets of the economy and society. But factory output, long the driver of China’s rapid economic growth, is merely inching along — spraying cold water on increasingly bullish forecasts for the world’s second-largest…
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…
Package deliverer FedEx Corp. is targeting more than $4 billion in cost cuts in the months ahead. But investors, after pummeling the stock in September, catapulted it higher in after-hours trade on Thursday, as those efforts to slash expenses and keep prices higher start to make their way into financials despite continued weakness in shipping…
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.
Uber Technologies Inc., Lyft Inc. and DoorDash Inc. on Monday scored a major victory in their battle to continue treating their drivers as independent contractors as an appeals court let most of an embattled California law stand. A divided California appeals court overruled a judge’s ruling that Proposition 22, the ballot proposition on which Uber…
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…
Pete Buttigieg is the transportation secretary and he is not too great at it. Since he has become such a mess, The Hill decided they might need to run some cover for him. ADVERTISEMENT The article is all about what a bad hand he was dealt along with a laundry list of what his Republican…
“‘Old Dominion’s revenue results for February reflect continued softness in the domestic economy.’” — Old Dominion Freight Line Inc. Chief Executive Greg Gantt. Old Dominion Freight Line Inc. provided on Friday a midquarter update on certain operating metrics, which showed continued weakness in demand. The trucking company ODFL, -0.37% said revenue per day in February…
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…
Hedge fund Soroban Capital Partners is pushing Union Pacific Corp. to replace Chief Executive Lance Fritz, arguing the railroad has underperformed on his watch, according to a letter the fund sent the railroad operator’s board Sunday. Soroban is a longtime Union Pacific UNP, +0.36% investor, one of the company’s biggest shareholders with a 1%-plus stake valued at about $1.6 billion, the letter said….