Author: US

Facebook parent Meta Platforms Inc.’s results were not been as bad as Wall Street was fearing, but there still isn’t much to cheer about. Meta FB, -3.32% reported first-quarter revenue of $ 27.9 billion, below analysts’ consensus expectations of $ 28.3 billion and reflecting an anemic growth rate of 7%. It was the first time […]

Rent prices are soaring nationwide. Yet at least two Republican governors have turned down more federal assistance for struggling tenants.  Arkansas Gov. Asa Hutchinson said last Friday that while his state could receive up to $ 146 million in new federal rent relief, Arkansas will utilize no more than about $ 60 million of those […]

Microsoft Corp.’s steady outperformance in an earnings report again won near-universal praise from analysts Wednesday, helping send Microsoft’s stock toward its biggest daily gain in more than two years. Shares of Microsoft MSFT, +5.31% were up 6.6% in Wednesday afternoon trading, after the company beat earnings expectations for the latest quarter and delivered an upbeat […]

U.S. stocks traded higher early Wednesday, with investors sizing up a mixed batch of results from Boeing Co., Microsoft Corp. and Alphabet Inc. among others, as the Nasdaq Composite bounced following its lowest finish in more than two years. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, +0.83% rose 300 points, or […]

Oil futures edged lower Wednesday, failing to hold modest gains seen after Russia cut off natural-gas deliveries to Poland and Bulgaria as investors also assess the threat to demand from China’s COVID lockdowns. Price action West Texas Intermediate crude for June delivery CL.1, -0.52% CL00, -0.52% CLM22, -0.52% fell 89 cents, or 0.9%, to $ […]

Nearly 5,000 laborers died on the job in 2020, according to a new report from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), with Latino and Black workers having the highest fatality rates.  Despite the U.S. making strides in keeping workers safe since the passage of the Occupational Safety and Health Act […]

GlaxoSmithKline PLC on Wednesday posted higher earnings and revenue for the first quarter, beating expectations as sales rose across the biopharma and consumer healthcare businesses. Net profit at the British pharmaceutical major GSK, -1.66% GSK, +0.56% came in at 1.80 billion pounds ($ 2.26 billion) for the quarter, up from GBP1.07 billion in the same […]

Dear Quentin, My wife and I had an argument over tipping a server. Can you help resolve it? It’s turned into a bit of an issue. In California, servers make right under $ 14 an hour in restaurants with fewer than 25 employees and $ 15 an hour in restaurants with over 25 employees. So […]

After a dismal first quarter, Netflix hopes to lure back subscribers in May with the return of some of its most popular series. After a three-year layoff, the ’80s-set sci-fi thriller “Stranger Things” (May 27) is back for the first half of its fourth season. The gang is in high school now and split up, […]

Microsoft Corp. eclipsed profit and sales estimates and produced stronger-than-expected revenue across all of its business segments in an earnings report Tuesday, but shares still dipped initially after the results were released. Microsoft MSFT, -3.74% reported fiscal third-quarter earnings of $ 16.73 billion, or $ 2.22 a share, up from $ 2.03 a share a […]

Twitter Inc.’s deal to be acquired by Elon Musk will lead to a big increase in the social-media company’s debt burden, which S&P Global Ratings believes will lead to a “multiple-notch” credit rating downgrade. Twitter’s stock TWTR, -3.30% dropped 2.9% in afternoon trading, putting it 7.3% below the agreed-upon buyout price of $ 54.20 a […]

Dozens of large consumer, industrial and technology companies want Congress to move quickly with passage of a “federal economic package” meant to incentivize clean-energy and manufacturing breakthroughs that will move the U.S. off its oil dependence. A letter signed by nearly 50 companies and organized by sustainable-investing nonprofit Ceres asks Congress to act even as […]

Stock market pros look for several telltale signs to indicate when a decline is nearing its final low. Few, if any, of those signs are present now, which suggests that the most investors can expect at the moment is a countertrend rally — and not the beginning of a new leg of the bull market. […]

U.S. stock futures pointed lower Tuesday, ahead of the release of results from megacap tech giants including Microsoft and Google owner Alphabet. What’s happening Futures on the Dow Jones Industrial Average YM00, -0.26% fell 64 points, or 0.2% to 33901. Futures on the S&P 500 ES00, -0.24% dropped 5.25 points, or 0.1%, to 4288. Futures […]

What are you doing this summer?  Despite earlier rumblings about Americans embarking on outings and travel they had postponed due to the pandemic, a new study suggests coronavirus concerns — and historically high inflation — are influencing many people’s vacation planning. COVID-19 cases in the U.S. are on the rise again after falling earlier this […]

Jack Dorsey gave his blessing to Elon Musk’s pending $ 44 billion acquisition of Twitter Inc. on Monday night, saying “Elon is the singular solution I trust.” In a series of tweets, Dorsey, Twitter’s TWTR, +5.66% co-founder and former CEO, said taking the company private was for the best. “Twitter as a company has always […]

General Motors Co. is developing a hybrid version of its Chevrolet Corvette that could arrive at dealerships as early as next year. A fully electric version of the iconic sports car is also in the works, said GM President Mark Reuss. Further details will be released at a later date, he said. Reuss made the announcement in a LinkedIn […]

Demand for Treasurys sent yields tumbling Monday morning as worries over China’s economy added to fears of a faster-than-predicted increase in U.S. interest rates and sent investors out of perceived riskier assets. What are yields doing? The 2-year Treasury yield  TMUBMUSD02Y, 2.721%  fell 8.5 basis points to trade at 2.628% at 3 p.m. Eastern on […]

President Joe Biden has articulated an ambitious regulatory agenda aimed at reining in monopoly power and reducing prices Americans pay for everyday goods and services, but delays in nominations to key regulatory positions have opened the door for opponents of tougher industry oversight to thwart these efforts. Take the example of Gigi Sohn, Biden’s pick […]

More people are taking to the skies than at any point since the start of the COVID-19 pandemic. And it’s costing them more as a result. But the end of the federal mask mandate on planes and public transportation could ultimately pose a challenge to the airline industry’s recovery, depending on how it’s received by […]