Category: United States

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering […]

Nutanix Inc. shares dove more than 30% in after-hours trading Wednesday following a poor fourth-quarter forecast. Nutanix NTNX, +2.24% executives guided for fiscal fourth-quarter revenue of $ 340 million to $ 360 million and billings of $ 175 million to $ 185 million, while analysts on average were expecting revenue of $ 439 million and […]

Nvidia Corp. shares fell in the extended session Wednesday after COVID shutdowns in China and the war in Ukraine shaved half a billion dollars off the chip maker’s outlook for the current quarter, while the company reported record results. For the fiscal second, or current, quarter, Nvidia  NVDA, +5.08% forecast revenue of $ 7.94 billion […]

Twitter Inc. shareholders voted Wednesday to require that the social-media company report on its policies around concealment clauses and election spending. The company will now be required to produce a report discussing the risks of its use of concealment clauses such as nondisclosure agreements or non-disparagement agreements in the case of harassment, discrimination, and others […]

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia  NVDA, +2.99% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet […]

Apple Inc. debuted a national advertising campaign on data privacy last week, a day after Facebook parent company Meta Platforms Inc. shared a quarterly update on how it has ratcheted up security for its members. Admittedly, not headline-screaming stuff for two companies that relentlessly discuss privacy and security. But there is an underlying message to […]

Parents, especially those in lower-income households, said they were doing a lot better financially last year, and the government’s expanded child-tax credits may have played a significant part in that. That’s according to a Federal Reserve report, based on on the annual national Survey of Household Economics and Decisionmaking (SHED), mostly based on data collected […]

Dear Quentin, My girlfriend and I have been in a relationship for seven months, and it is getting more serious. I don’t expect us to get married in the next year but I like to plan ahead and if things keep working out, I do see us getting married in two to three years.  Finances […]

Cybersecurity company McAfee Corp. announced Tuesday that Chief Executive Peter Leav is stepping down, and will be replaced by Greg Johnson, formerly an executive at Intuit Inc. INTU, -3.34%. In a statement, the company said the move comes as McAfee transitions to a pure-play consumer protection company. In November, McAfee agreed to be acquired by […]

Golden State Warriors coach Steve Kerr made an impassioned plea Tuesday for Congress to enact gun control, following the mass shooting in Uvalde, Texas, that left at least 18 children and three adults dead. Speaking at a news conference before Game 4 of the NBA Western Conference finals in Dallas, a visibly shaken Kerr said […]

Wendy’s Co. shares rallied in the extended session Tuesday after Nelson Peltz’s activist hedge fund Trian Partners disclosed a huge stake in the fast-food company and plans for a possible sale. In a Securities and Exchange Commission filing late Tuesday, Trian disclosed a 19.4% stake in Wendy’s WEN, -2.34% and said it had advised the […]

Oil futures ticked higher early Tuesday, with underlying support tied to tight fuel supplies and prospects for a European Union ban on imports of Russian crude, though upside was seen capped by continued concerns that China’s zero-COVID policy may weaken energy demand and shaky stock markets may reflect slowing economic growth. Price action West Texas […]

Billionaires around the world — particularly those in the food and energy sectors — raked it in during the first two years of the COVID-19 pandemic, exacerbating wealth inequality at a time when low-income people were becoming poorer and sicker. In fact, 573 new billionaires have cropped up in the past two years of the […]

If you’re confused where interest rates are going to end up in 2023, you’re not alone. A new survey from the National Association for Business Economics shows a wide split among their members on whether rates will go higher or lower. Earlier this month, the Fed raised its benchmark rate by a half a percentage […]

If you’re a retiree considering summer travel either domestically or overseas, and you’re wavering, it’s not surprising — there is a lot to consider.  “When thinking about travel, take stock of risks,” says Dr. Stuart Campbell Ray, professor of medicine with expertise in COVID-19, at Johns Hopkins Medicine. Nobody wants to get sick on vacation. […]

Dear Quentin, Just before the pandemic I got into a bit of financial trouble, and my brother lent me $ 10,000. During the pandemic, we fell out and we have not been speaking for several months. We are now communicating through our sister.  He now says he wants all the money back even though we […]

In another sign of the changing times, TaskRabbit on Monday announced it was closing its offices, including its San Francisco headquarters, and switching to a “remote-first” work policy. “For us, remote-first is the concept of putting virtual work and remote participation as priority and the primary way our employees work, with all other means of […]

Airbnb Inc. plans to close its domestic business in China after harsh COVID-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said. The home-sharing company is a small competitor in China’s travel industry. […]

Maybe forget about finding a crystal ball for stocks. It’s “Finance 101 stuff” that Treasury rates need to stabilize before it’s possible for investors to gauge if U.S. equities have hit bottom, according to Nicholas Colas, co-founder of DataTrek Research. Since Treasury rates provide the “bedrock of capital asset-pricing models,” without knowing if longer-term rates […]

The U.S. stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon — […]