Category: United States

NIO Inc. said Monday that it has formed a committee to look into recent allegations that the China-based electric vehicle maker is using an affiliate battery maker to boost financial results. Short-seller Grizzly Research LLC had alleged on June 28 that sales to Wuhan Weineng Battery Asset Co., which was formed by NIO and a […]

U.S. stock futures stumbled on Monday as China COVID fears sparked fresh global growth concerns How are stock-index futures trading S&P 500 futures ES00, -0.51% dipped 0.6%, or 24 points, to 3878 Dow Jones Industrial Average futures YM00, -0.39% fell 0.5%, or 166 points, to 31141 Nasdaq 100 futures NQ00, -0.69% eased 0.7%, or 93 […]

Macau-focused casino stocks declined after city officials announced a weeklong shutdown of gaming venues and other businesses to combat a surge in COVID-19 cases in the Asian gambling hub. In early Monday trading in Hong Kong, Sands China Ltd. HK:1928 slid 7.2%, Wynn Macau Ltd. HK:1128 fell 5.9%, SJM Holdings Ltd. HK:880 lost 5.2% and […]

By Yifan Wang Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on previous deals. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., which were named in the latest executive […]

U.S. Transportation Secretary Pete Buttigieg on Sunday defended the right of abortion-rights protesters to demonstrate against Supreme Court Justice Brett Kavanaugh outside of a restaurant where he was eating dinner. “People are upset. They’re going to exercise their First Amendment rights. As long as that’s peaceful, that’s protected,” Buttigieg said on “Fox News Sunday,” according […]

The legal fight between Elon Musk and Twitter Inc. is also shaping up to be a battle between courtroom heavyweights. Bloomberg News reported Sunday that Twitter TWTR has hired merger-law experts  Wachtell, Lipton, Rosen & Katz to represent the company as it sues Musk, who announced Friday he was backing out of a $ 44 […]

The assassination of former Japanese Prime Minister Shinzo Abe ahead of elections on Sunday has shaken Japan to its core. In a country that averages 10 deaths by gun per year and buying a gun requires a massive struggle with bureaucracy, Abe’s murder while campaigning on behalf of a junior party candidate has been particularly […]

First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $ 1.25 million, while the average sales price reached its third-highest on record, a report by property appraiser Miller Samuel Inc. and real-estate brokerage Douglas Elliman said this […]

Dear MarketWatch, My wife and I will retire in 2022 and are starting to think about where we’d like to end up. We have a home in Northern Utah and were planning to retire there, but are having second thoughts due to concerns about pollution and drought. Here are some of our parameters: – Sell […]

Over the holiday weekend, investors were bombarded with headlines announcing “the stock market’s worst first-six-months in 50 years” and “Tech stocks lose $ 1.6 trillion in worst streak in six months.” If you looked no deeper, you’d be likely to conclude that all hell was breaking loose. Unfortunately, there’s no question about it: The market…

Employers that insist workers return to the desk five or even four days a week are facing tough resistance. When Goldman Sachs GS, -0.71% CEO David Solomon ordered his bankers to their desks full time, just 505 of his base employees showed up. Subsequently, young bankers were threatening to quit and otherwise complaining on message boards. Other investment bankers […]

It’s an early summer afternoon in Madrid, and the world’s oldest restaurant is abuzz with a cacophony of tourist and local voices, knives and forks, bottles and glasses. But just as the famed Restaurante Botín sees business returning to normal after the Spanish capital’s pandemic lockdowns, it has another challenge to overcome: soaring inflation. Retail […]

While fears may be growing that another COVID-19 surge will be upon us in the coming months, there is some indication that the future is now. There’s a reason data show that, while the U.S. positivity rate of COVID tests has spiked to five-month highs, and hospitalizations have steadily climbed to four-month highs, new daily […]

Pay for essential workers is rising, but many say it’s still not enough.  Some 29 out of 30 essential-worker roles in industries such as public safety, food service, construction, maintenance and social work had a pay increase from 2019 to 2022, according to a report by compensation management platform Payscale.  Waiters and waitresses experienced the […]

All across America, retirees and near-retirees are reeling. They were assured by simplistic “McMoney” financial advisers that bonds were “safe,” that bond returns were steady and predictable, and that a portfolio balancing stocks and bonds would be fine in all circumstances. And in the first half of this year they have discovered to their shock […]

If you’re stressed about what is happening right now in the stock market, there is a better way to invest. This isn’t about guaranteeing you a higher return. (For the record, if anyone guarantees you a higher return, stop reading that article or end that Zoom call). This is about having a plan for how you invest. […]

What are we upcycling? The costly staple that’s central to our very existence — food. About 30% of food in American grocery stores is thrown away, according to data from the USDA and waste management firm RTS, which compiled a comprehensive report on U.S. food waste. U.S. retail stores generate about 16 billion pounds of food waste […]

Hi, MarketWatchers. Don’t miss these top stories. How to save up to 50% on your grocery bill and reduce food waste Ever-expanding delivery apps Misfits Market, Imperfect Foods and others divert meat, seafood and produce from the landfill to your fridge at a big savings. Read More There’s one industry in the June jobs report […]

The mercurial Elon Musk finally made it official Friday: He declared in a regulatory filing that he no longer wants to go through with his $ 44 billion deal to buy Twitter Inc., a deal that the market has never really expected would happen. The big question now is who has the best legal case […]

Elon Musk is backing out of his agreement to buy Twitter Inc., and Twitter’s chairman has already promised a legal fight. In a letter sent to Twitter’s TWTR, -5.10% chief legal officer on Friday, the Tesla Inc. TSLA, +2.54% and SpaceX chief executive claimed that he was ending the agreement because Twitter would not share […]