Category: United States

Payments giant Stripe, last valued by private investors at $ 95 billion, cut the internal value of its shares by 28%, people familiar with the matter said. Stripe told employees in an email Friday that the internal share price was about $ 29, compared with $ 40 in the most previous internal valuation, known as a 409A valuation, […]

The hit online game Wordle is coming to a tabletop near you. Toy maker Hasbro Inc. HAS, -1.83% and the New York Times Co. NYT, -0.94%, which bought Wordle earlier this year, announced Thursday that a board-game version of the word puzzle will be available starting Oct. 1, and it’s already available for pre-order, for […]

Rep. Ro Khanna had high hopes for a multibillion-dollar U.S. innovation bill he helped write: It was bipartisan from the start and was passed by both branches of Congress. But as lawmakers seek to bring compromise legislation to President Joe Biden’s desk, partisanship is holding up the U.S. Innovation and Competition Act. Senate Minority Leader […]

The bear market on Wall Street is not a “black swan.” This is important is for semantic clarity, if nothing else. The term “black swan” has been thrown around with such abandon in recent months that it’s in danger of losing all meaning. There’s a more important reason not call this bear market a black […]

Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open for a larger move if data over the next two weeks comes in strong. “Looking toward the FOMC’s next meeting July 26-27, and with the CPI data in hand, I […]

Italian government bonds slumped on Thursday with Prime Minister Mario Draghi in danger of being booted out of office, only a week ahead of a new tool from the European Central Bank that’s meant to quell such turmoil in eurozone debt markets. The yield on the Italian 10-year bond TMBMKIT-10Y, 3.370% jumped 26 basis points […]

People deciding where to invest their cash — or whether to even do it at all — have questions about the possibility of recession, how much inflation is squelching consumer demand and when prices could be cooling. Now that earnings season is about to start, they’ll be getting Corporate America’s take on the answers. Starting […]

By Dominic Chopping STOCKHOLM–Ericsson AB on Thursday posted a second-quarter net profit that missed expectations, but said it continued to see strong 5G sales momentum in North America and Europe. The Swedish telecommunications-equipment company reported net profit attributable to shareholders of 4.5 billion Swedish kronor ($ 426.3 million), compared with SEK3.68 billion a year earlier, […]

The qualified business income (QBI) deduction was a centerpiece of the 2017 Tax Cuts and Jobs Act (TCJA). The write-off is available to eligible individuals through 2025.  The QBI deduction can be up to 20% of: (1) QBI earned from a sole proprietorship or a single-member LLC (SMLLC) that’s treated as a sole proprietorship for […]

Meta Platforms Inc. has terminated its contract with a vendor that provides hundreds of service workers at its Silicon Valley headquarters, a year after MarketWatch reported about that vendor’s handling of janitors’ holiday pay. The change appeared to be a layoff by ABM Industries Inc. ABM, -0.49% in a state filing, but the union representing […]

Bear markets are an investor’s best friend. During major stock-market downtrends, you stand a better chance of building up a big lead over indexed investors. If your goal is to beat the market over the long term, then bear markets play a crucial role. Of course, even when you beat a falling market, odds are […]

Wednesday’s inflation report put the markets and the Federal Reserve on notice that higher prices had yet to cool in June. The headline number accelerated, rising by 1.3% on the month, as the core reading excluding food and energy continued its hot streak and advanced by 0.6%. The year-over-year pace for the Consumer Price Index […]

Rent prices are helping to fuel inflation, new government data shows, seeing their largest monthly increase in more than three decades. The consumer price index jumped by a stunning 9.1% in June from a year earlier, according to a Wednesday report from the Bureau of Labor Statistics. And while a lot of the blame is […]

Gold prices tumbled to a fresh nine-month low on Wednesday after the release of hotter-than-expected inflation data. The yellow metal had settled higher for a second session on Tuesday. Price action Gold futures GC00, -0.39% GCQ22, -0.39% for August delivery slumped $ 15, or 0.8%, to $ 1,710. Silver futures SIU22, +0.04% for September delivery […]

Black Americans have grappled with more volatile inflation when compared to white households over the past several years, according to new research published Monday by the Federal Reserve Bank of Richmond.  Study author Munseob Lee, an assistant professor of economics at the University of California San Diego’s School of Global Policy and Strategy, used race-specific […]

Germany’s annual rate of inflation fell in June, confirming the first estimate, as there was a respite because of temporary government interventions. According to final data released by German statistics office Destatis on Wednesday, consumer prices rose 7.6% on year measured by national standards, in line with the forecast by economists in a Wall Street […]

Uber Technologies Inc. reportedly paid high-profile academics in the United States and Europe to produce reports that could be used in the company’s lobbying, while continuing to fight a push to disclose more information about its current lobbying. The Guardian reported Tuesday based on files leaked by a former Uber executive that the company paid […]

Grocery- and liquor-delivery startup Gopuff is cutting 10% of its global workforce and shuttering 76 warehouses across the U.S. in an effort to cut costs, according to a new report. Citing a letter to investors that it obtained, Bloomberg News reported Tuesday that the company will lay off about 1,500 employees as it pivots sharply […]

Dear Quentin, After not seeing a friend for a few months, she asked if I wanted to go to a show with her that evening, if she could get free tickets from work. I graciously accepted. I expressed my enthusiasm throughout the evening, and I thanked her several times. I felt I was both overtly […]

The Federal Trade Commission (FTC) is warning people that devices and apps that gather people’s personal information, including their location and overall health, “may pose an incalculable risk” if they improperly share the information. “The misuse of mobile location and health information — including reproductive health data — exposes consumers to significant harm,” the FTC […]