Category: United States

Shipping giant A.P. Moeller-Maersk on Wednesday said it’s clear that freight rates have peaked as it produced another surge in third-quarter profit. The company MAERSK.B, -5.39% AMKBY, +1.53% said its profit in the third quarter rose to $ 8.88 billion from $ 5.44 billion, as revenue climbed to $ 22.78 billion from $ 16.61 billion. […]

Dear Quentin, I read one of your previous columns regarding the boyfriend who wants the letter writer to move in. My case is similar, but we have already made a decision on how to structure our finances as they relate to our living arrangements. Here is my dilemma: I own an apartment, and it is […]

Japanese Finance Minister Shunichi Suzuki on Wednesday showed a broader concern about the yen’s weakness, saying the slower pace of the yen’s depreciation, not just sharp movements, isn’t desirable for the Japanese economy. “I am very concerned about the gradual weakening of the yen” because a weaker yen could accelerate inflation in Japan by increasing […]

Shares of Mondelez International Inc. rallied after hours on Tuesday, after the global snack maker raised its sales and profit forecasts and reported third-quarter results that topped expectations, citing a “resilience” in demand following signs of a more anxious consumer as prices rise. Management for Mondelez MDLZ, +0.63%, which makes snacks like Oreo cookies and […]

This article has been updated to correct the spelling of BlackRock. It’s the bitcoin white paper anniversary day. On Oct. 31, 2008, a person or a group of people using the pseudonym Satoshi Nakamoto sent a 9-page paper to a mailing list of cryptographers, outlining a “peer-to-peer electronic cash system” called bitcoin BTCUSD, -0.13%. In […]

Gold prices ended higher Tuesday, recovering some of their recent losses, after posting a seventh straight monthly decline in October. Price action Gold for December delivery GC00, +0.59% GCZ22, +0.59% rose $ 9, or nearly 0.6%, to settle at $ 1,649.70 an ounce on Comex. The yellow metal suffered its seventh straight monthly fall in […]

Arista Networks Inc. is enjoying revenue growth fueled by the so-called “cloud titans” led by Meta Platforms Inc. and Microsoft Corp. But at least one analyst warns that this could be a double-edged sword for Arista. Cloud-software and data-center supplier Arista ANET, +3.19% reported third-quarter earnings and outlook that topped Wall Street’s relatively low consensus […]

Shares of China-based electrical vehicle makers shot higher Tuesday after October deliveries were reported, but glimmers of hope that China will relax the zero-COVID policy that has slowed the country’s economy also helped fuel the rallies. XPeng Inc.’s U.S.-listed stock XPEV, -3.92% jumped 6.3% in premarket trading, after suffering a record monthly loss of 44.6% […]

A couple of years ago I bought a big book of crosswords and started doing one every day. I found something peculiar. With each crossword, I would initially get stuck on many of the clues. But when I came back to it the next morning, or even a few hours’ later on the same day, […]

From Lizzo to Ralphie to Harry Potter, HBO Max will be stuffed with familiar names in November. One of Max’s freshest comedies, “The Sex Lives of College Girls” (Nov. 17), returns for its second season, dropping two new episodes every week. Created by Mindy Kaling and Justin Noble (who also teamed on Netflix’s “Never Have […]

Sure, Florida still has some allure for retirees, but Lancaster, Pa. nabbed the top spot for the best retirement destination amid concerns about housing affordability. According to U.S. News & World Report, the 2022-2023 rankings of the Best Places to Retire in the United States, Pennsylvania earned three of the top five spots, surpassing Florida […]

Apple Inc. continues to be dogged by concerns about the pandemic’s impact on production after recent reports indicated that strict COVID-19 restrictions in China were affecting Foxconn, which manufactures iPhones. Reuters reported Monday morning that Hon Hai Precision Industry Co Ltd., which is better known as Foxconn 2354, -0.77%, had seen some workers leave its […]

Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of […]

The omicron sublineages named BQ.1 and BQ.1.1 continued to spread in the U.S. in the week through Oct. 29, accounting for 27.1% of new cases nationwide, according to Centers for Disease Control and Prevention data. The two accounted for 42.5% of all cases in the New York region, which includes New Jersey, Puerto Rico and […]

Chevron Corp. and Exxon Mobil Corp.’s strong cash positions have prompted Truist Securities to raise its price targets for the oil and gas giants, as the stocks of both companies rallied toward fresh records. “Exxon continues to ‘print money’ generating [more than $ 17 billion in free cash flow] last quarter,” wrote Truist analyst Neal […]

Don’t blame the shrinking U.S. money supply for the bear market in stocks. It’s not that liquidity has nothing to do with stock prices. It’s just that the relationship between them is too complex to be helpful in any straightforward way as a market-timing tool. This is important to emphasize because this year’s experience is […]

About 5% of new car sales these days are electric vehicles. That’s still not anywhere near a majority, but it does mean more and more electric cars are hitting the used markets every year. With more than a decade since EVs began going mainstream, there are even some real bargains to be found, even for […]

Fresenius SE & Co. KGaA has again cut its guidance for the year, foreseeing a sharper fall in earnings as macroeconomic pressures and a struggling North America business at subsidiary Fresenius Medical Care & Co. KGaA weighed on third-quarter performance. The German healthcare company FRE, -3.19% now expects a fall of around 10% in group […]

Getting that blue checkmark on Twitter may be soon be expensive. One of Elon Musk’s first projects as owner of Twitter Inc. will be to turn Twitter Blue, the social network’s $ 4.99-a-month subscription plan, into a $ 19.99-a-month plan that exclusively verifies users, according to a report Sunday by The Verge. The news was […]

Big Tech companies are taking a heavy beating this week, to the tune of more than $ 255 billion in lost market capitalization that’s helped make a bad year even worse for the once-beloved sector. The five tech giants that posted results this week have now lost a combined $ 3 trillion in market cap […]