Category: United States

Dear Quentin, My wife and I married later in life, at 48. It was the second marriage for both of us. We are both successful and doing well financially. Our combined net worth is about $ 3 million. When we got together, I sold my house and we refinanced her home, with me buying half […]

A new lawsuit accuses Tesla Inc. of repeatedly mishandling hazardous waste at its facilities in California. In a lawsuit filed Tuesday in San Joaquin County (Calif.) Superior Court, the district attorneys of 25 California counties — including Los Angeles, San Francisco and Alameda, which is home to Tesla’s Fremont manufacturing factory — accused the electric-vehicle […]

Big Tech was in the crosshairs yet again Wednesday as a handful of executives fielded blistering questions in a Senate hearing about the impact of their products on children. Facing the Senate Judiciary Committee, the chief executives of Meta Platforms Inc. META, -2.48%, TikTok, Discord, Snap Inc. SNAP, -3.52% and X — Mark Zuckerberg, Shou […]

Qualcomm Inc. blew out quarterly profit estimates in its most recent report Wednesday, but its shares moved lower in choppy aftermarket action as the company’s revenue forecast merely met expectations at the midpoint. As artificial intelligence increasingly dominates the narrative for the chip sector, Qualcomm’s QCOM, +1.73% management said the company is among the beneficiaries […]

“The Dow’s average February return after rising in January is just 0.16%.” Wall Street’s excitement over the bullish posture of the January Indicator tells us more about their exuberance than how the U.S. stock market will actually perform this year. There’s a belief on Wall Street that “as goes January, so goes the year.” After […]

When thinking about an industry group in the stock market, you can look ahead at sales and profit estimates, or you can look back to see which companies have been faring best by common measures. In October, estimated sales figures for 60 chip makers and manufacturers of related equipment showed that analysts expected Nvidia Corp. […]

Developing story. Check back for updates. The numbers: Businesses created just 107,000 new jobs in January, paycheck company ADP said, in another sign that hiring has slowed since last fall. Economists polled by the Wall Street Journal had forecast a gain of 150,000. The ADP payroll estimate is not an accurate predictor of the government’s […]

The fast-paced growth of the generative artificial intelligence (AI) sector has put it on course to start consuming the same amount of electricity each year by 2027 as was used by the entirety of Spain in 2022, new modeling by Morgan Stanley shows.  The rapid expansion of the Generative AI industry is set to see […]

Universal Music Group, which represents megastars such as Taylor Swift, Bad Bunny and Drake, is warning it will pull its songs from TikTok after failing to agree to new licensing terms. In a brief statement late Tuesday, UMG said it “will cease licensing content to TikTok and TikTok Music services” after the current contract expires […]

L’Occitane’s shares 973, +7.36% rose sharply after the company reported strong sales in the nine months ended December, with analysts saying business is already normalizing post-pandemic. Shares of the European beauty products retailer advanced 6.7% to 24.65 Hong Kong dollars (US$ 3.15) on Wednesday, on track for their largest percentage gain since November. L’Occitane on […]

Shares of Teradyne declined in post-market trading on Tuesday after it warned of weaker demand for some systems and forecast another drop in revenue. The stock TER, -1.40% was down 7.3% to $ 97.00 in after-hours trading, and lost 1.4% to fall to $ 104.59 at the close. Shares are down 2.8% in the past […]

Google parent Alphabet Inc.’s stock was tumbling late Tuesday, as a rebound in digital advertising fell short of analysts’ lofty expectations. The search-engine powerhouse reported a jump in fourth-quarter sales, chiefly through advertising, but Alphabet’s shares GOOGL, -1.34% GOOG, -1.16% fell 6.5% in after-hours trading. Total revenue was $ 86.3 billion, up 13% from $ […]

“‘By the end of December, we had won back and pulled through nearly 60% of the volume diverted during our labor negotiation.’” — UPS Chief Executive Carol Tomé That, from a FactSet transcript of United Parcel Service Inc.’s fourth-quarter earnings call Tuesday, appears to be UPS Chief Executive Carol Tomé’s way of saying you shouldn’t […]

“‘THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP.’” — Donald Trump, the former U.S. presudent That line above came in a social-media post Monday from Donald Trump, who is widely expected to win the […]

Malibu Boats Inc.’s stock fell in pre-market trading after the yacht maker reported a 72% drop in its second-quarter profit as high interest rates bit into its business. While the Loudon, Tenn.-based company remains optimistic that conditions will improve, it still expects 2024 sales to drop from the mid-to-high thirties percentage. Malibu Boats stock MBUU, […]

Shares in Diageo dropped on Tuesday after the Guinness seller said a slump in sales of expensive spirits in its Latin America and Caribbean segment offset a surge in sales of beer in Europe and Africa driven by soaring demand for Guiness. The London headquartered company saw its net sales drop 1.4% in the latter […]

Super Micro Computer Inc., riding high on its ability to sell servers loaded with many of Nvidia’s chips, is now seeing growth rates similar to the chip giant, prompting investors to question how long this AI boom can last. The question is even more applicable to Supermicro SMCI, +4.54% than Nvidia because, by definition, the […]

Shares of United Parcel Service Inc. slumped Monday as investors prepared for the package-delivery giant’s quarterly results, which have not been so kind to investors in the recent past. The company is slated to reveal its fourth-quarter earnings report on Tuesday at around 6 a.m. Eastern time. UPS’s stock has declined on the day that […]

As I’m writing this, the U.S. stock market seems to be setting new highs daily. Investors are happy, and for many people the future seems bright. I would like to hope they are right, and there’s nothing but financial sunshine ahead. But I know better, and you should too. Read MarketWatch’s stock-market coverage Right now, […]

The U.S. stock market is facing a tougher climb in 2024, even as investors expect that the Federal Reserve will cut interest rates this year, according to Morgan Stanley’s Andrew Slimmon. Ahead of the Fed’s rate-setting policy meeting this week, Slimmon, who is senior portfolio manager for U.S. equities at Morgan Stanley Investment Management, said […]