Category: United States

Luxury ski- and outerwear company Perfect Moment Ltd.’s stock fell 17% Thursday in its trading debut, after the company’s initial public offering priced at $ 6 a share, the low end of its range. The company sold 1.33 million shares, up from an earlier plan to offer 1.23 million, to raise about $ 8 million […]

If you live alone and have no nearby next of kin, who do you call if there’s an emergency? Sure, there may be friends or neighbors you could lean on for simple tasks, but older people may not have someone they trust who is willing to take on the responsibility of being your emergency contact, […]

Philip Morris International Inc.’s stock was down 3.8% in premarket trading on Thursday after the cigarette maker missed Wall Street’s fourth-quarter earnings estimate and said its 2024 earnings would fall short. Philip Morris International PM, -0.24% said its iQOS electronic cigarettes surpassed its Marlboro cigarettes in terms of net revenue, as cigarette shipment volume dropped […]

Electric cars are the hot new thing, and internal combustion-engined, or ICE, cars are the dependable, familiar thing, but hybrids offer a taste of both worlds. Partially electrified drivetrains might not be as flashy as battery-powered EVs, but hybrids benefit from quick fill-ups and a nationwide network of gas stations, even in rural areas, along […]

SoftBank Group shares rose sharply after U.S.-listed shares of chip-designer unit Arm Holdings surged overnight following a better-than anticipated outlook. Shares of SoftBank Group 9984, +11.06% were recently 8.3% higher at 7,168 yen after rising as much as 9.6% earlier Thursday morning. The British chip designer’s stock ARM, +5.52% climbed by 20% in after-hours trading, […]

California regulators are reportedly looking into a crash in San Francisco between a Waymo self-driving car and a bicyclist. The driverless taxi struck the cyclist in an intersection in San Francisco’s Mission District on Tuesday afternoon. The cyclist was lightly injured but did not require hospitalization. A passenger in the vehicle was uninjured. Reuters reported […]

Walt Disney Co. revealed big strides at narrowing losses in its streaming business in its earnings report Wednesday, and touted another lever that will help in Chief Executive Bob Iger’s ongoing efforts to turn the media giant’s fortunes around — cracking down on password sharing. In the face of a growing number of activist investors, […]

A widely followed gauge of developed-market stocks logged its first record close in more than two years on Wednesday. The MSCI World Index XX:990100, which includes shares from 23 developed-market countries, was up 0.6% on Wednesday to finish at 3,265.07. It marked the highest close since Jan. 4, 2022, according to Dow Jones Market Data. […]

The numbers: The U.S. budget deficit is projected this year to come in slightly smaller than last year, the Congressional Budget Office estimated Wednesday, at about $ 1.6 trillion versus $ 1.7 trillion in 2023. Longer term, however, the deficit will continue to rise, reaching $ 2.6 trillion in 2034. Key details: The CBO’s projections […]

Federal Reserve Gov. Adriana Kugler said it would be “appropriate” to lower U.S. interest rates if inflation continues to slow, but she stressed “it is critical” that inflation returns to the central bank’s target of 2%. In her first speech as a senior Fed official, Kugler on Wednesday did not tip her hand on when […]

Shares of Yum Brands Inc. fell 2.2% in premarket trades Wednesday after the company reported weaker-than expected fourth-quarter profit and revenue. The parent of Taco Bell, Pizza Hut and KFC fast-food restaurants reported net income of $ 463 million, or $ 1.62 a share, compared with net income of $ 371 million, or $ 1.29 […]

China has removed the head of its securities regulator after a steep drop in the country’s stock market, according to a report from state media. Yi Huiman has been removed as head of the China Securities Regulatory Commission, Xinhua News Agency reported. He’ll be replaced by Wu Qing, a veteran of the agency who’s headed […]

Dear Quentin, I have three adult siblings living in different states, and we are disputing the circumstances surrounding the joint accounts shared with our 85-year-old mother, who has early stage Alzheimer’s. Our mom has a net worth of around $ 2 million, which is spread across several different bank and brokerage accounts. Late in life, […]

Moody’s Investors Services downgraded New York Community Bancorp’s credit rating by two grades, to “junk,” late Tuesday. NYCB is facing  “financial, risk-management and governance challenges,” Moody’s said, adding that it could downgrade the company’s rating even further if conditions deteriorate.

Amgen Inc. on Tuesday reported fourth-quarter profits and sales that topped analysts’ expectations even as revenues dropped for one of its top sellers, the rheumatoid-arthritis drug Enbrel. The biotech company reported fourth-quarter net income of $ 767 million, or $ 1.42 per share, versus $ 1.62 billion, or $ 3.00 per share, in the year-earlier period. […]

Dear Quentin, I have a banking question for which I would like to get further clarification. I received an insurance-claim check for $ 22,000, written against a Bank of America account. On Tuesday morning, I deposited the check into my bank account. But none of the funds will be available until essentially five business days […]

If you attend a Super Bowl party this Sunday, expect to run into a sheet of paper with 100 boxes on it and be asked to pay to put your initials in one or many of them. But how do you pick? Super Bowl squares have been a staple of parties dedicated to the National […]

Dear Quentin, My dad recently told me he wants to marry his girlfriend soon and I am concerned he is rushing his estate planning, particularly as it relates to his children’s inheritance. My dad is 48 years old, and his wife from his second marriage passed away from cancer three years ago. He was devastated, […]

Hertz Global Holdings Inc.’s stock tumbled 7% early Tuesday to put it on track for its lowest close since emerging from bankruptcy in July of 2021, after the car rental company posted a wider-than-expected fourth-quarter loss. As expected, Estero, Fla.-based Hertz HTZ, -5.63% booked $ 245 million of charges relating to plans to reduce its […]

The 911 may be Porsche’s icon, but the Macan is arguably Porsche’s most important vehicle. The compact SUV is the brand’s best-selling and least expensive model — the doorway to the storied brand. Porsche POAHY, -2.19% is now taking the Macan electric. The 911? Never, if current leadership gets its way. Porsche recently raised the curtain on an all-electric version […]