Category: United States

Bill Ackman’s Pershing Square Capital Management has re-entered the ranks of the world’s 20 best performing hedge funds following a bumper year for the New York money manager after it previously dropped off the list in 2015.  The New York fund, which has $ 17.9 billion in assets under management (AUM), generated net gains worth […]

Terraform Labs filed for chapter 11 bankruptcy protection Sunday, following the collapse of its TerraUSD and Luna crypto coins in 2022. In a statement, Singapore-based Terraform said it took the “strategic step” of filing in Delaware bankruptcy court so it could continue to operate while resolving its “legal challenges.” Terraform co-founder Do Kwon has been […]

Kindred Group confirmed Sunday that La Française des Jeux SA has made an acquisition bid, which would create one of Europe’s largest online gambling companies. In a statement Sunday, Kindred said its board has been evaluating options to “deliver shareholder value” since April 2023, and that the takeover bid is expected to be announced before […]

SolarEdge Technologies Inc. on Sunday said it will lay off about 16% of its workforce, about 900 employees, as part of a restructuring to slash operating costs. “We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly changing […]

Here’s some good news for investors fretting over what promises to be a highly contentious 2024 U.S. presidential election: History shows stocks tend to rally in the year before Election Day. But there’s a rub, noted Saira Malik, chief investment officer at Nuveen, which has $ 1.2 trillion in assets under management: While the S&P […]

After higher costs and shaky consumer demand caught up with corporate America last year, Wall Street now expects corporate profit margins to rebound through the first half of 2024, as more companies resort to layoffs, technology or other cutbacks in an effort to guard the bottom line and stave off investor anxiety. That rebound would […]

Dear MarketWatch,  I’m 76 and have been widowed since 1994. I’m retired in South Carolina. I have savings of $ 620,000, Supplemental Security Income of $ 2,200 per month and have up to a five-year long-term care policy of about $ 4,200 per month. My only debt is $ 900 a month on a $ […]

Dear Quentin, Per our parents’ will, my brother and I will split their inheritance 50/50. This includes the family house. I would like to keep the house in the family for my children, as I bought my current home nearby to be able to care for my parents as they aged.  I understand the best […]

Brock Purdy signed a four-year contract with the San Francisco 49ers in 2022 that turned out to be one of the biggest bargains in the league today. Because Purdy, 24, was drafted with the last pick in the seventh round of the NFL draft in 2022, he’s locked into a lower yearly salary for his […]

Dear Quentin, My husband and I signed a prenuptial agreement before we married. This is my second marriage, his first. He has no children. I have one child who was an adult when we married so there was no need for my current husband to adopt him. My husband and I live in a home […]

Dear Quentin, I live in Florida and bought a house in 2011. My mother moved in about a year later. We never discussed if this was permanent or not, but after a few years I started thinking about living on my own again. However, she refuses to move out. She has invested money in repairs […]

Dear Quentin, In 2007, my now ex-husband and I bought a home, where we lived as a family with our two boys for just a few years before we divorced in 2009. I refinanced the house in my name, and have paid the mortgage and utilities as a single parent ever since.  In 2016, I […]

Dear MarketWatch, My husband, 58, and I, 53, have reached our highest-earning years. We have refinanced to a 2.75% mortgage with a very low monthly mortgage payment of $ 485. We have been maxing my husband’s 403(b) and now his 457 (he recently changed jobs), maxing both of our Roth IRAs and putting another $ […]

Dear Dan, I understand the penalty is 50% for missing a mandatory payout from a retirement account. I don’t have mandatory payouts because I’m still working but I’ll be 75 in June and think 2024 might be my last year working. If I hang them up in December, will my employer have to cooperate and […]

Fisker Inc.’s stock, which fell toward another record low on Thursday, “has arguably become a ‘meme stock,’ ” according to Tom Bruni, lead writer of the Daily Rip & Markets newsletter at Stocktwits, a social platform for investors and traders. “Fisker fostered a strong community of electric-vehicle-focused retail investors by going public via SPAC during […]

Oil traders have been closely watching developments in the Middle East for any signs of disruption to global supplies, but the major players in the conflict have engaged in “calibrated” moves to avoid making matters worse, according to a recent note research from Macquarie. “No major actor wants the conflict to result in all-out war […]

Space stocks rallied Friday — except for Virgin Galactic Holdings Inc., which ended the session down 1%. The space-tourism company, which initially led a broader decline in space stocks, extended its losing streak to two days. Virgin Galactic SPCE, -1.03% is down five of the last six days. However, shares of Intuitive Machines Inc. LUNR, […]

Everything in society — housing, healthcare, the workplace, inflation and even the way urban planners design city streets — will be affected by the sheer volume of Americans turning 65 this year, and the years ahead.  More than 4.1 million people are expected to retire this year, and that figure will continue on through 2027, […]

Shares of AMC Entertainment Holdings Inc. extended their gains for a second straight day Friday, providing the original meme stock’s investors with some respite after a poor run of losses. AMC’s stock AMC, +1.81%, which has hit a series of record lows recently, ended the session up 1.8%. The movie-theater chain snapped a six-day losing streak […]

Walmart Inc. will shut down Store No. 8, the big-box retailer’s startup incubator and innovation hub, the Wall Street Journal reported on Friday. It’s the latest move by a retailer to trim expenses and protect profits as shoppers continue to grapple with higher prices. Chief Financial Officer John Rainey told employees in a memo that much […]