Category: United States

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: The Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike. Here’s how to prepare your wallet and your portfolio. This marks the Federal Reserve’s third 75-basis-point rate hike this year. Read More U.S. existing-home sales fall for the seventh straight month in August […]

WASHINGTON—The Biden administration and Republican opponents of mass student debt cancellation appear headed for a legal confrontation with hundreds of billions of dollars at stake just weeks before the November midterm elections. GOP state attorneys general, conservative groups and federal lawmakers are laying the groundwork to challenge President Biden’s executive action to cancel up to $ 20,000 of debt for […]

Steve Case has endured the dot-com bomb in the early 2000s and the media deal of that era. He sees some parallels two decades later. “There is a little bit of media and internet business still trying to converge again… and trying to figure out how to scale such deals” amid macroeconomic headwinds and a […]

Dear Quentin,  I am a senior citizen and have suffered major losses to the tune of $ 100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its ups and downs, and have ridden them out before.  However, it’s been different with […]

U.S. stock futures struggled for direction on Wednesday, ahead of another expected sharp rate rise by the Federal Reserve and after Russian President Vladimir Putin escalated his war against Ukraine. How are stock index futures trading S&P 500 futures ES00, +0.23% rose 5 points, or 0.1% to 3878 Dow Jones Industrial Average futures YM00, +0.25% […]

Aveva Group PLC said Wednesday that it has agreed to a 9.48 billion pound ($ 10.79 billion) takeover by its major shareholder French energy management and automation group Schneider Electric SE. Under the deal, accepting shareholders of the U.K. engineering and industrial-software AVV, +1.97% will get 3,100 pence in cash for each share held. The […]

By Yifan Wang Tencent Music Entertainment Group made a muted debut in Hong Kong as the music-streaming platform became the latest U.S.-listed Chinese company to have its shares traded closer to home. The stock moved little in early trading Wednesday and was recently 1.2% higher at 18.22 Hong Kong dollars (US$ 2.32). The company, controlled […]

Stocks are looking wobbly as the Federal Reserve prepares to deliver what’s expected to be another jumbo rate hike. With the S&P 500 SPX, -1.13% sliding back toward its June low below 3,670, the question of whether the Dow Jones Industrial Average DJIA, -1.01% would slide back below the 30,000 level was trending Tuesday. The […]

Beyond Meat Inc. late Tuesday said it suspended Chief Operating Officer Doug Ramsey, who was arrested over the weekend and charged after allegedly biting a man’s nose during an altercation in Arkansas. Jonathan Nelson, senior vice president of manufacturing operations, will oversee operational activities on an interim basis, Beyond Meat BYND, -6.04% said in a […]

Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August, from the previous month, according to real-estate company Zillow’s August market report. That’s the largest monthly drop since 2011, the company said. Zillow cited […]

JPMorgan Chase & Co. CEO Jamie Dimon will focus the bulk of his prepared remarks in Congress this week on the bank’s positive role in the U.S. economy and the threat of inflation, but will spend some time criticizing capital requirements for banks, according to his written testimony. “We finance Americans’ ambitions with loans for […]

A drop in a college’s ranking could cost that school millions of dollars, according to a prominent higher-education expert. Robert Kelchen, a professor who heads the Department of Educational Leadership and Policy Studies at the University of Tennessee, said Tuesday that lower rankings do equate to a decline in the number of applications a school […]

If you’re looking for an electric SUV that will duplicate all the sounds and visceral feelings of a gasoline-powered car, the Nissan Ariya isn’t it. In a world of piped-in sounds and electronic exhaust notes, the new 2023 Nissan Ariya goes with “quiet and serene” instead. Is that a good choice? Yes. For years, Nissan NSANY, +0.13% […]

A coalition of Starbucks Corp. investors on Monday filed a shareholder proposal asking for a third-party assessment of the company’s stated commitment to workers’ freedom of association and collective bargaining rights, citing many allegations that the company has interfered with those rights. The investors, led by the New York City Pension Funds, said in the […]

China’s central bank on Tuesday kept its benchmark lending rates unchanged, in line with market expectations as Beijing held off on monetary easing to avoid increasing downside pressure on its currency. The People’s Bank of China said it held the one-year loan prime rate steady at 3.65% and the five-year rate at 4.30%, according to […]

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and […]

Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.” Testifying in Milton’s securities-fraud trial, Russell said that before coming on board in 2019 as president of Nikola NKLA, -10.55%, he and Milton reached an agreement […]

U.S. stocks flipped between gains and losses on Monday as investors braced for a Federal Reserve meeting that’s expected to deliver another large interest-rate hike and shed further light on the Fed’s plans for monetary policy. What’s happening The Dow Jones Industrial Average DJIA, +0.44% was down 45 points, or 0.1%, at 30,778, after falling […]

Adobe Inc.’s stock slide was set to continue Monday, after another analyst threw in the towel on their bullish call, in the wake of the company’s $ 20 billion bid to buy creative-collaboration platform Figma. “While the product/strategic fit is clearly aligned, it’s the price tag that is likely to lend credence to the bear […]

When a McDonald’s worker has a beef with their boss, complaining to McDonald’s Corp. won’t help. When an employee at Google has a problem, they likely can’t seek out a Google manager — their manager usually works for a vendor hired by the tech giant. Large American companies have used the franchise model, like at […]