Category: United States

Salesforce Inc.’s recent financials confirmed that the cloud software giant is now in a slower growth phase, which could make the company consider returning to its old ways of driving more growth. On Wednesday, Salesforce CRM, +9.36% reported on-target fiscal third-quarter results, with revenue coming in at $ 8.72 billion, and shares shot up 9% […]

Bank of America Corp.’s and Wells Fargo & Co.’s stocks on Thursday led gains among the six largest U.S. banks, as November came to a close with some of the biggest monthly stock gains in the sector for more than a year. The gains are being fueled partly by improved investor sentiment that banks will […]

Investors who were savvy enough to buy Apple Inc. bonds in October are now looking at equity-like returns, as prices have climbed while spreads have tightened as Treasury yields tumbled. Hopes for one or more rate cuts by the Federal Reserve in 2024 have sparked a rally in Treasurys that has seen the Bloomberg US Aggregate […]

The 30-year mortgage rate will fall below 7% by April 2024, Realtor.com says in its housing forecast for next year. The average mortgage rate in 2024 is expected to be 6.8%, and the 30-year may fall to as low as 6.5% by the end of the year, according to Realtor.com’s report. “We’re gonna to start […]

Shares of Ford Motor Co. Thursday, after the automaker provided new full-year guidance for profitability and free cash flow, after withdrawing guidance in October due to the labor strike. Ford said it expects the new U.S. labor agreement with the United Auto Workers to cost $ 8.8 billion over the life of the contract, or […]

Sometimes promotions can work too well. That’s the case at Red Lobster, which is 36% owned by Thai Union Group TU, +2.05% TUFBY, -2.94%, also the owner of Chicken of the Sea canned tuna business. And on a conference call this month, CFO Ludovic Garnier spelled out the damage the promotion called Ultimate Endless Shrimp […]

Bilibili’s Hong Kong-listed shares 9626, -11.63% fell sharply after the Chinese video-sharing platform reported a third-quarter net loss that was steeper than analysts expected. Shares were recently 12.0% lower at 88.90 Hong Kong dollars (US$ 11.39) in Asian morning trade on Thursday after earlier touching HK$ 87.60, their lowest intraday level since November 2022, according […]

Occidental Petroleum Corp. OXY, +0.45% is in negotiations to buy Texas energy producer CrownRock in a deal that could be valued at more than $ 10 billion, the Wall Street Journal reported late Wednesday. If all goes well, the deal could come together soon, according to the Journal. Midland, Texas-based CrownRock is a major developer […]

“Buffett was once asked to name his greatest investment accomplishment. “Recruiting Charlie,” he said.” Charlie Munger, who died Tuesday at the age of 99, and Warren Buffett are a shining example of the adage that two heads are better than one. Where would Buffett be without Munger, and vice-versa? Successful, yes, but not to the […]

President Joe Biden on Wednesday visited Colorado to talk up how last year’s Inflation Reduction Act has helped the U.S. wind-power industry and the overall economy, but analysts are assessing whether his big climate and healthcare package’s days are numbered.  “Our theory of the case is that if Republicans win a trifecta in next year’s […]

Cigna Group shares CI, -7.77% fell more than 7% and Humana Inc.’s HUM, -4.56% stock fell 3% Wednesday after the Wall Street Journal reported that the managed-care providers are in talks to combine in a stock-and-cash deal that could be finalized before the year’s end. The Journal report cited people familiar with the matter. “Humana […]

Oil futures traded higher on Wednesday a day ahead of an expected decision by the OPEC+ producers on oil output quotas. Negotiations between the group of major oil producers have continued, with some news reports pointing out the possibility of another delay to a meeting that had already been postponed. U.S. government data, meanwhile, revealed… […]

Traders are piling into long-shot GameStop Inc. call options that would pay off if the stock price nearly doubles before, or shortly after, the company’s Dec. 6 earnings report, FactSet data show. Among standardized call options expiring on Dec. 8, two days after the company’s upcoming earnings report, investors have piled into options with strike […]

As one of the most biologically diverse spots in the world, is it any wonder people are drawn to the Southeast? From coastal islands and coral reefs to the Appalachian Mountains, this part of the country is rich in landscape, food, culture and history. Upbeat cities like Nashville and Austin attract a variety of newcomers […]

Bank of Japan policy board member Seiji Adachi said that risks to Japan’s inflation were skewed to the upside but it was still too early to discuss monetary tightening. “It is appropriate to patiently continue monetary easing at this point,” Adachi said in a speech on Wednesday. He said Japan has yet to achieve a […]

Meta Platforms Inc. will block new political ads one week before the 2024 U.S. presidential election, and will require advertisers globally to disclose when they use AI to create or alter images in political ads. In a blog post Tuesday, Nick Clegg, president of Meta’s META global affairs, detailed how the social-media giant, which owns […]

By P.R. Venkat Meituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $ 1.0 billion, a day after announcing solid third-quarter results. The company said shares will be repurchased from the open market starting Dec. 1. The… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. […]

Shares of Jabil Inc. dropped more than 12% in the after-hours session Tuesday after the maker of electronics components and other materials lowered its quarterly and fiscal 2024 revenue outlook, saying demand for its products and services has softened. Jabil JBL said it expects fiscal 2024 revenue of about $ 31 billion, down 7% from […]

The long-awaited Tesla Inc. Cybertruck is scheduled to go on sale on Thursday after years of delays and as Chief Executive Elon Musk warned there would be “challenges” to reaching volume production of the electric pickup truck. Tesla TSLA is holding an event Thursday at 3 p.m. Eastern at its factory in Austin, Texas, to […]

Each earnings season, as companies announce their results and provide guidance on what to expect, analysts update their estimates for revenue and earnings. Typically about 70% of reporting companies will beat estimates for sales or earnings per share when they report quarterly results, but this alone doesn’t mean very much. Companies and analysts who work […]