Category: United States

General Electric Co. Chief Executive Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday. “In response to prior shareholder feedback, the committee and Mr. Culp agreed to reduce his annual equity incentive grant for 2022 from a grant date fair value of […]

Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices and high levels of inflation so that […]

“To Wish Impossible Things” is how concert-goers usually feel when it comes to groaning about lower ticket prices from Ticketmaster. But it’s also a song from The Cure’s 1992 album “Wish,” and on Thursday lead singer Robert Smith made a seemingly impossible wish come true by announcing a deal with Ticketmaster to offer partial refunds […]

Groupon Inc. shares dropped in the extended session Thursday after the daily-deals site missed Wall Street estimates in its quarterly results, and said it was cutting nearly a fifth of its workforce. Groupon GRPN, -3.92% shares fell as much as 10% after hours, following a 3.9% decline in the regular session to close at $ […]

First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide $ 25 billion in support for the bank. The Wall Street Journal reported that Morgan Stanley MS, +1.78%, JPMorgan Chase JPM, +1.66%, Citigroup C, +1.53%, Goldman Sachs Group Inc. GS, […]

The policy-sensitive 2-year Treasury yield spiked, along with the rate on 6-month T- bills, after a report that several big banks are talking about a potential funding deal with First Republic Bank. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.115% spiked to 4.061% from 3.973% on Wednesday. The yield on the 10-year Treasury […]

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, +1.95% 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 quarter, reflecting the […]

U.S. stock futures rose on Thursday after the Swiss central bank steeped in to support Credit Suisse, easing tensions across the banking sector. How are stock-index futures trading S&P 500 futures ES00, -0.17% added 11 points, or 0.3%, to 3936 Dow Jones Industrial Average futures YM00, -0.25% climbed 65 points, or 0.2%, to 32160 Nasdaq […]

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, -13.94% CSGN, -24.24% tumbled more than 20% at one point to a […]

Investors remain on edge about the potential for more banking turmoil to unfold after shares of Credit Suisse fell to about $ 2 a share on Wednesday and the Swiss National Bank said it would provide liquidity. “Credit Suisse is front-and-center,” said Jeff Schulze, investment strategist at ClearBridge Investments, by phone Wednesday after markets closed in New […]

Investors and savers are worried after runs on deposits caused the failures of Silicon Valley Bank of Santa Clara, Calif., on March 10 and Signature Bank of New York on March 12. But what many people may not realize is just how common it is for a large portion of a bank’s deposits not to […]

Shares of Five Below Inc. fell in after-hours trading Wednesday, after the teen-centric discount retailer offered up a full-year forecast that disappointed Wall Street. Five Below FIVE, +0.17% said it expected full-year sales of $ 3.49 billion to $ 3.59 billion, with the midpoint below FactSet forecasts for $ 3.58 billion. Executives said they expected […]

A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week. The paper by four professors aconcludes that the U.S. banking system’s market value of assets is $ 2 trillion lower than […]

U.S. bond yields dived on Wednesday as troubles at Swiss banking giant Credit Suisse reverberated around financial markets and prompted traders to factor in a full percentage point of rate cuts from the Federal Reserve by year-end. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.792% dived almost 39 basis points to 3.834% from […]

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 18.8 points to negative 24.6 in March , the regional Fed bank said Wednesday.  Economists had expected a reading of negative 5.0, according to a survey by The Wall Street Journal. Readings below zero indicate […]

Dear MarketWatch,  I’m a 36-year-old with a job paying around $ 115,000 a year. I’ve done pretty well with my 401(k) and have $ 435,000 in it. I manage and rebalance it myself and even managed to gain around 6% in 2022 despite the bear market.  My goal is to retire early. The earlier the […]

Shares of regional banks posted big gains on Tuesday as they regained their footing after huge losses in the previous session, but volatility continued in the sector following the demise of Silicon Valley Bank, Signature Bank and Silvergate Capital in the past week. While the rise in some cases is eye-popping, most stocks have yet […]

Signature Bank of New York was being investigated by the U.S. Justice Department for its work with crypto clients before it was seized by regulators over the weekend, according to a new report. Bloomberg News reported late Tuesday that federal prosecutors were investigating whether the bank was taking the necessary steps to identify potential money […]

Wall Street is a great storyteller, and the stock market’s record reads like a long collection of short stories. Investors need to identify not only what each story is about, but every aspect of the plot mechanics that makes it worth reading. Investors also must consider both the horizontal and the vertical dimensions of the […]

Shares of Fiserv Inc. and Fidelity National Information Services Inc. rebounded Tuesday as concerns about their regional-bank exposure appeared to ease. Fiserv shares FISV, +6.02% ended the session up 6%, snapping a six-session losing streak. The stock had lost nearly 7% in Monday’s session alone. Shares of FIS FIS, +7.03% had fallen in each of […]