Author: US

Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly priced in a period of tighter monetary policy by nearly doubling the yield on 10-year U.S. Treasury notes TMUBMUSD10Y, 2.895% to […]

Changing Square’s name to Block Inc. was apparently just a first move for Jack Dorsey. Friday afternoon, Block SQ, -4.68% disclosed to the Securities and Exchange Commission that Dorsey has changed his title at the financial-technology company from chief executive, president and chairperson to “Block Head and Chairperson.” While he will no longer be labeled […]

U.S. stocks fell sharply Friday, as investors continued to weigh hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell a day earlier, as well as a fresh batch of corporate earnings that largely disappointed. How are stocks trading? The Dow Jones Industrial Average DJIA, -2.06% was down 701 points, or 2%, at 34,092, […]

“‘Hate wins when people like me stand by and let it happen. I won’t.’” That was Mallory McMorrow, a Democratic state lawmaker in Michigan, responding to comments from a fellow state senator from the Republican side of the aisle who had suggested in a fundraising email that McMorrow supports sexualizing children. Republican Lana Theis, from […]

The Value Gap is a MarketWatch Q&A series with business leaders, academics, authors, policymakers and activists on reducing racial and social inequalities. Historically Black neighborhoods, and streets and commercial strips populated by other people of color, too often share zip codes with industrial polluters. In fact, Black communities are exposed to climate and environmental injustice at […]

The Department of Homeland Security’s cybersecurity unit has recently warned of a new malware toolkit called Pipedream that targets industrial control systems and could be used to cause physical damage or destruction. The hackers’ toolkit, which was discovered by security firm Dragos, is reportedly designed to target Schneider Electric SE SU, -3.37% SBGSY, +1.10% and […]

People nearing retirement face a host of challenges, from the purely financial to the larger question of how to make the most of life’s next chapter. But imagine confronting those same challenges while still in your 30s or 40s. Such is the ballet dancer’s fate. Most dancers have a relatively short career on stage, one […]

House Republican leader Kevin McCarthy told colleagues he would ask then-President Donald Trump to resign in the days after the Jan. 6, 2021, Capitol insurrection, according to audio released by the New York Times late Thursday. McCarthy’s plans were first reported as part of an upcoming book from Times reporters Alex Burns and Jonathan Martin. […]

Dear Quentin,  One of my husband’s children told me she was shocked when her dad told her I was the primary beneficiary of his life insurance. The next day I received two texts from my stepdaughter stating that she could not understand why her father did not include his three kids on his life insurance.  […]

HBO Max will roll out the second season of “Hacks” in May, along with a George Carlin documentary, an adaptation of “The Time Traveler’s Wife” and a slew of movies. After a debut season that won multiple Emmys, the comedy “Hacks” (May 12) returns for its second season, with the give-and-take mentorship between legendary comedian […]

President Biden’s climate envoy, John Kerry, says he’s putting the natural gas industry “on notice,” suggesting it has a decade at most to solve for the emissions that are driving Earth’s temperature dangerously higher. Kerry, speaking with Bloomberg Television on Thursday, left open the possibility that the industry exists as is, although with the capability […]

Saving in an IRA makes sense whether you have a retirement plan at work or not, but investors then have to decide if a traditional or Roth account is better – as always, it depends.  Retirement Tip of the Week: Roth accounts are a great choice for young workers at the base of their earnings […]

Dear Quentin, It seems like I have been paying my Parent PLUS Loan forever. Someone told me that when my husband passed away, even though we were divorced at the time, I wouldn’t have to keep paying the loan. Please help! Left Holding the Loan Dear Left, If you signed your name on the loan, […]

With the subscriber loss in the first quarter of 2022 and guidance for further subscriber deterioration in the second quarter, the weaknesses in Netflix’s business model are undeniable, as we’ve been pointing out for years. Even after falling 67% from its 52-week high, 56% from our report in April 2021 and 39% since our report in January 2022, we […]

Dear Quentin, I am soon to inherit a sizable sum of money from an uncle with whom no one in my family still speaks; I’m the only one who has stayed in contact with him. While it seems a bit grotesque to think about money while someone is on their deathbed, this is a large […]

If you bought a home last year or this year, good for you. Easier said than done. But new homeowners, like you, need to understand the tax angles. We are here for you. Please read on. Home ownership write-offs As your friendly Realtor no doubt told you, the cost of home ownership is reduced by […]

Tesla Inc. reported a stunning first quarter with fat profits Wednesday, driven by prices that have grown steadily along with demand for electric vehicles and supply issues throughout the automotive sector. Tesla raised prices on its electric vehicles in March, and that was not a one-off: Pro-Tesla blog Electrek wrote then that “in 2021, Tesla […]

A judge’s Monday decision voiding federal mask mandates for airlines and other forms of public transportation prompted a wave of airline companies and public transit providers to drop their mask rules. Now, airports, train stations and bus terminals are increasingly mirroring the patchwork of maskless scenes unfolding at many workplaces — even as some public […]

U.S. stock indexes were trading mostly lower Wednesday afternoon as the S&P 500 edged into negative territory and the Nasdaq Composite fell sharply on a huge slump in Netflix Inc. and other streaming video stocks. How are stocks trading? The Dow Jones Industrial Average DJIA, +0.84% was up 215 points, or 0.6%, at 35,127, after […]

The president of the San Francisco Federal Reserve on Wednesday said the central bank is likely to raise a key interest rate to as high as 2.5% by year end in a bid to help douse raging U.S. inflation. “I see an expeditious march to neutral by the end of the year as a prudent […]