Category: United States

U.S. equity index futures indicated the S&P 500 could grind to another record high on Friday, with the technology sector likely to see a third-straight winning session, as a fresh batch of economic data loomed. How stock-index futures are trading S&P 500 futures ES00, +0.20% rose 5 points to 5,051.50 Dow Jones Industrial Average futures […]

DoorDash Inc.’s stock slid about 7% in after-hours trading Thursday after the food-delivery company delivered quarterly results. DoorDash DASH, +5.22% reported a fiscal fourth-quarter net loss of $ 154 million, or 39 cents a share, compared with a net loss of $ 640 million, or $ 1.65 a share, in the same quarter a year […]

Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook. Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy.  That’s a quarter earlier than he originally predicted, Bostic said, […]

Oatly Inc.’s stock fell 15% Thursday to hover close to its all-time low, after the oat-milk maker’s fourth-quarter loss more than doubled from a year prior and its revenue fell far short of analyst estimates. The Sweden-based company OTLY, -10.37% posted a net loss of $ 298.7 million, or 50 cents a share, for the […]

Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock was surging in the extended session. The chip-equipment company logged fiscal-first quarter net income of $ 2.02 billion, or $ 2.41 a share, compared with $ 1.72 billion, or $ 2.02 a share, in the year-prior quarter. On an adjusted basis, Applied […]

Wells Fargo & Co.’s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but the company still faces other pending actions. Wells Fargo WFC, +7.57% rose 6.9%, outpacing gains in the financial sector. Wells Fargo said the Office […]

Consumers are making one crucial miscalculation when they use buy-now-pay-later services: They believe it will help them build their credit, but in fact it won’t, according to a New York Federal Reserve analysis of the reasons shoppers turn to such payment options. “Consumers think they’re building credit history with buy-now-pay-later, and that’s highly problematic, and […]

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s highlights of the most timely ETF news emailed to you weekly! INVESTING NEWS & TRENDS Fund managers no longer expect a recession as they snap up tech stocks, survey finds Fund managers are no longer forecasting a U.S. recession for the first […]

The U.K. has just experienced two consecutive quarters of negative economic growth, which meets what’s commonly called the technical definition of recession. On a quarter-over-quarter basis, U.K. gross domestic product fell by 0.3% in the fourth quarter and fell 0.1% in the third quarter. In the U.S., there’s a group that meets to determine whether […]

Harvard University’s endowment grew to more than $ 49.5 billion last year, making it once again the nation’s wealthiest college. The University of Texas System wasn’t far behind with an endowment value of nearly $ 45 billion, while Yale University remained the third-richest school even as its endowment market value dropped slightly from last year.  […]

Shares of Rakuten Group 4755, +13.58% rose sharply after its results showed a markedly better financial performance, and painted a promising outlook for the year ahead. The stock rose to an eight-month high on Thursday, gaining nearly 16% to reach 731.30 yen (US$ 4.86). The jump takes the internet service provider’s 12-month performance into positive […]

Elon Musk’s SpaceX has filed to change the location of its business incorporation from Delaware to Texas. In a filing Wednesday, the Texas secretary of state’s office certified SpaceX’s application for conversion. SpaceX has extensive operations in Texas, including a launch facility. The move comes after a Delaware Chancery Court last month… Master your money. […]

A day after finishing with a valuation above Amazon.com Inc., Nvidia Corp. boxed out Alphabet Inc. as well. The chip maker’s stock NVDA, +2.46% rose 2.5% in Wednesday trading, giving the company a market value of $ 1.825 trillion. Alphabet’s stock GOOG, +0.53% GOOGL, +0.55% was only up 0.6%, and the company ended the day […]

Uber Technologies Inc.’s stock 12% Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board authorizing the repurchase of up to $ 7 billion worth of stock. The stock was on track for a fresh record close, according to Dow Jones Market Data, based on records that go back to May 10, […]

Global demand for liquefied natural gas is on course to increase by more than 50% by 2040 as China and other Asian economies switch from more heavily polluting coal, according to a new report from Shell. In Shell’s LNG Outlook 2024, the Anglo-Dutch oil major said surging demand for natural gas in Asia will drive […]

Meta Platforms CEO Mark Zuckerberg is taking aim at another Magnificent Seven company — though this time, it’s in the consumer-products arena rather than an actual cage fight. In an Instagram post, he said Meta’s Quest 3 is not just better value but a better product than the Vision Pro headset from Apple. Zuckerberg highlighted […]

“We have a problem with the amount of money we need to borrow and that will cause a strange movement.” That’s Jeffrey Gundlach, the DoubleLine CEO speaking to CNBC, on how the next cutting cycle from the Fed may lead to a different experience for the broader economy. Gundlach is not alone in warning about […]

Maplebear Inc. — the company better known as the grocery-delivery platform Instacart — said Tuesday that it was laying off around 250 people, or around 7% of its staff, as it tries to streamline its ranks and turn toward bigger, tech-driven ambitions. Along with the layoffs, Instacart CART, +1.72% said Chief Operating Officer Asha Sharma […]

Lyft’s record fourth quarter and rosy outlook Tuesday were marred by what turned out to be a gargantuan error in the company’s press release — one that likely could have been avoided if the company had avoided dreaded Wall Street jargon. Initially, Lyft LYFT, -2.18% put out a target calling for 500 basis points (5%) […]

When Lyft Inc. put out its earnings release Tuesday afternoon, the ride-hailing platform forecast a gain this year in an adjusted profit metric. But during the company’s earnings call later in the day, management issued a correction, saying that increase was, in fact, smaller than what it said the first time around. Shares, in the […]