Category: United States

Tough talk Tuesday on the Federal Reserve’s balance sheet from a key policy maker could signal rough sledding ahead for equity investors, a Wall Street economist warns. “Fedspeak has become increasingly more hawkish with a noted dove hinting that balance-sheet reduction could begin as soon as next month,” said Joe LaVorgna, chief economist for the […]

Elon Musk filed a new disclosure on his Twitter Inc. stake with the Securities and Exchange Commission on Tuesday, admitting that he invested in the company with the goal of effecting change and that his stock purchases began months ago. Musk disclosed Monday morning that he had purchased 9.2% of Twitter’s TWTR, +2.02% outstanding stock, […]

Markets have been craving information about how the Federal Reserve plans to shrink its massive $ 9 trillion balance sheet. They will get their wish Wednesday when the Fed releases minutes of its March meeting. Last month, Fed Chair Jerome Powell said the central bank made “excellent progress” on the balance sheet and the parameters […]

Even Earth-loving beverage sippers weren’t thrilled with the soggy paper straw solution to plastic. Now, a company that’s helping major sports venues think greener with their concessions will bring a biodegradable straw that it argues is just as sturdy as plastic to the food counters and vendors for the New York Yankees’ home opener this […]

Given a war and inflation have marked the start of 2022, investors would be forgiven for holding their breath over the rest of the year’s offerings. Our call of the day from a team at Saxo Bank sees a “wild ride” ahead for the second quarter, and offers advice on which companies will best survive […]

Pros High quality at relatively reasonable prices Spacious cabin Strong resale values Serene driving experience Many standard driver assistance features Cons Base engine lacks power Rear seats don’t fold What’s new? Minor styling tweaks inside & out Upgrades to driver assistance features Improvements to the infotainment system New ES 300h F Sport version F Sport […]

Is Elon Musk already swinging his weight around at Twitter? Hours after the Tesla CEO, also the world’s wealthiest person, disclosed a 9.2% stake in the micro-messaging company and became its biggest stakeholder, Musk tweeted out a poll asking whether Twitter users wanted an edit button, not unlike Facebook TH:META. As of 3 a.m. Eastern, […]

Suppose you have a gripe with Twitter, like the status of an ‘edit’ function or a much more weighty question like the platform’s role in cyberspace free speech. Elon Musk — with his newly-announced 9.2% stake in the social media company — is not your shake–up investor, experts say. At least not yet, they note. […]

An investor accused Morgan Stanley of leaking information about a large sale of shares of Palantir Technologies Inc., saddling it with millions of dollars in losses. Morgan StanleyMS is at the center of a broad federal investigation into whether Wall Street banks told favored clients about pending sales, known as block trades, that they were hired to carry out quietly. […]

Exxon Mobil Corp. said in a filing late Monday that its first-quarter profit could top $ 9 billion, thanks in part to billions more from rising crude prices. Exxon XOM estimated between $ 1.9 billion and $ 2.3 billion over fourth-quarter profit due to crude-price changes and up to about $ 400 million in gas-price […]

The Dow Jones Transportation Average’s relative weakness may be a warning that there could be more to worry about than just a temporary freight-specific slowdown. The Dow transports DJT, -0.04% fell 0.1% in afternoon trading, putting them on track for a fourth straight loss. The decline follows a 4.7% tumble on Friday, the biggest one-day […]

Dear MarketWatch,  My husband works for the county making approximately $ 55,000 a year but before that was in retail with earnings of only about $ 36,000. In 1996, our daughter was diagnosed with a life threatening incurable autoimmune disease just as he had changed jobs, thus no insurance. We had to go into debt […]

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed, such as meme stocks. Our call of the day, from the founder and chief executive officer of competitive stock trading app Zingeroo, says […]

U.S. stock futures edged higher Monday as investors digest the ramifications of what’s likely to be an imminent steep increase in interest rates. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.04% rose 5 points, or 0% to 34723. Futures on the S&P 500 ES00, +0.16% gained 6.25 points, or 0.1% to 4546. […]

Dear MarketWatch, Financial advisers recommend spending no more than 30% of take-home pay on housing. I have always lived by this rule and now have $ 750,000 in cash savings. But now I need to make a big move. Is there ever exceptions to this that make good sense? My wife and I just found out […]

The former finance director at a West Virginia children’s charity had been ordered to pay back $ 4.7 million she stole from the nonprofit and used to buy a fleet of airplanes, a lakeshore house and a Corvette. Ruth Marie Phillips, 69, pleaded guilty in September 2021 and was sentenced to seven years in prison […]

In the end, the taxman always cometh. A tax cheat of biblical proportions has pleaded guilty to filing for $ 2.9 billion in phony tax refunds in the name of made-up trusts sporting names taken from holy scripture.   David Isagba, 53, and his wife Joyce, 47, had been accused of submitting 227 false tax refund […]

For a moment this week, the bond market flashed a signal that some associate with impending recessions. Home buyers need not worry just yet, according to economists. On Friday, the 2-year rate, which ended higher for the week, also traded above the 10-year yield for the second time this week — inverting the spread by […]

Ukrainian President Volodymyr Zelensky said “indeed, this is genocide,” referring to Russian leader Vladimir Putin’s vicious attack on his country that has seen hospitals and schools targeted by rockets, as well as disturbing new images of the bodies of executed civilians strewn throughout the streets of a suburb of the capital Kyiv. “Indeed, this is […]

Don’t miss these top money and investing features: Why the main semiconductor stock index is a better bet than the S&P 500 right now Stop panicking over the inverted yield curve — the odds of a recession are still low Stock splits can be profitable for investors. Here are five companies that might perform well […]