Category: United States

Investors suffering motion sickness from the stock market’s wild October swings probably don’t want to hear about it, but Wednesday marks the 35th anniversary of the single ugliest day in stock-market history. On Oct. 19, 1987, the Dow Jones Industrial Average DJIA, +1.12% plunged 508 points, a decline of almost 23%, in a daylong selling […]

U.S. stock futures on Wednesday see-sawed as benchmark Treasury yields moved further above 4%. How are stock-index futures trading S&P 500 futures ES00, +0.42% rose 8 points, or 0.2%, to 3740 Dow Jones Industrial Average futures YM00, +0.25% rose 25 points, or 0.1%, to 30601 Nasdaq 100 futures NQ00, +0.67% gained 47 points, or 0.4% […]

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS […]

Apple Inc. quietly announced upgrades to two of its iPad models Tuesday, through announcements lacking the fanfare of the company’s recent iPhone 14 debut. Instead of hosting an event to reveal the iPad updates as it did for the iPhone, Apple AAPL, +0.94% simply announced the refreshed devices in a series of press releases. The […]

The Securities and Exchange Commission has filed charges against former NewAge Inc. Chief Executive Brent David Willis, accusing him of a “multi-year fraud” that included misleading public statements meant to promote the wellness-focused beverage maker that once hoped to take advantage of the nation’s CBD craze. The SEC alleged that Willis’ statements created the “illusion” […]

Netflix Inc. executives on Tuesday detailed their plans to crack down on users sharing their accounts on the streaming service, which is expected to arrive early next year. In a letter to shareholders in conjunction with their third-quarter earnings report, Netflix NFLX, -1.73% executives said that they would offer those currently using other people’s accounts […]

Speculation that the Biden administration will soon announce the release of more oil from the U.S. Strategic Petroleum Reserve put pressure on oil prices Tuesday, but analysts don’t expect such a move to lead to a significant fall in gasoline prices at the pump. On Tuesday, Bloomberg reported that the Biden administration is moving toward […]

The official definition of a bear market is a 20% or greater decline from an index’s previous high. Accordingly, the three major U.S. stock-market benchmarks — the Nasdaq COMP, +0.93%, the S&P 500 SPX, +0.94% and the Dow Jones Industrial Average DJIA, +0.88% — are currently all in a bear market. Based on my work […]

Walmart Inc. WMT, +0.72% is the latest retailer to begin selling hearing aids online and in its stores. The retail giant said it will begin selling two brands of hearings aids on Monday: Lexie powered by Bose, a brand that costs $ 849 to $ 999, and HearX, which costs $ 199 to $ 299. […]

U.S. stock futures rose on Tuesday as optimism about the corporate earnings season and calmer conditions in bond markets supported traders’ risk appetite. How are stock-index futures trading S&P 500 futures ES00, +1.25% rose 36 points, or 1%, to 3725 Dow Jones Industrial Average futures YM00, +0.98% added 240 points, or 0.8%, to 30470 Nasdaq […]

Microsoft Corp. is laying off nearly 1,000 workers across multiple divisions, according to news reports Monday. Axios and Business Insider reported the cuts late Monday. Sources told the news organizations that the number of layoffs was under 1,000, and span various regions and departments — including Xbox and Edge. Microsoft MSFT, +3.92% has about 221,000 […]

A day after the University of Tennessee’s biggest football victory in decades, the school was being roasted online for asking fans to crowdfund the replacement of two goalposts that were torn down in the post-game celebration. On Saturday, the unbeaten Volunteers upset Alabama, 52-49, on a last-second field goal. That snapped a 15-game losing streak […]

Nordstrom Inc. JWN, +6.13% said Chief Financial Officer Anne Bramman is leaving the company Dec. 2. Bramman has served as Nordstrom’s finance chief since June 2017. She will remain with the company until after it reports third-quarter results in November. Michael Maher, Nordstrom’s senior vice president and chief accounting officer, will assume the role of […]

The Kremlin has pushed Exxon Mobil Corp. out of a major Russian oil-and-gas project and transferred the Texas oil giant’s stake to a Russian entity, according to the U.S. company. Moscow blocked Exxon’s XOM, +1.44% efforts to transfer operatorship and sell its 30% stake in the Sakhalin-1 venture in Russia’s Far East for months, and has now […]

The Federal Trade Commission is investigating whether Visa Inc. and Mastercard Inc.’s security tokens restrict debit-card routing competition on online payments, according to people familiar with the matter. The FTC for the past few years has already been probing whether Visa and Mastercard block merchants from routing payments over other debit-card networks. The networks acknowledged […]

Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns by emailing our columnist at lalbrecht@marketwatch.com.  The face-off Inflation is stuck in overdrive, […]

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional Fed bank said Monday. This is the third straight negative reading. Economists had expected a reading of negative 5.0, according to a survey by The Wall […]

U.S. stock futures advanced on Monday, helped by receding turbulence in the U.K. bond market as earnings season continues. What’s happening Futures on the Dow Jones Industrial Average YM00, +1.16% rose 190 points, or 0.6%, to 29898. Futures on the S&P 500 ES00, +1.35% gained 28.25 points, or 0.8%, to 3626. Futures on the Nasdaq […]

Kakao Corp. shares 035720, -5.93% slumped early Monday after a fire at one of its data centers over the weekend disrupted its popular messaging app and other fintech services. Shares in the South Korean mobile internet giant fell as much as 9.5% to 46,500 won ($ 32.25) in morning trade and were last 5.5% lower […]

Goldman Sachs Group Inc. plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm’s history. Goldman GS, -2.31% will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another, people familiar with the matter said. Marcus, Goldman’s consumer-banking arm, will […]