Category: United States

Shares in the world’s top sportswear companies slumped on Friday after apparel giant Nike lowered its sales forecasts, warning of a drop in consumer spending, and outlined plans to make $ 2 billion worth of cost savings over the next three years. Adidas ADS, -5.64%, Puma PUM, -5.54%, and JD Sports Fashion JD, -5.15% shares […]

Shares of Chinese NetEase Inc. and Tencent Holdings Inc. fell sharply on Friday after authorities announced draft rules to crack down on spending and rewards in online gaming. In a statement, China’s National Press and Publication Administration, the top gaming regulator, proposed curbs on excessive spending on games by consumers, and bans on rewards from […]

Ionis Pharmaceuticals IONS, +1.61% and AstraZeneca’s AZN, +0.79% Wainua has been approved by the U.S. Food and Drug Administration for treating a symptom of a rare genetic disease. The FDA approved Wainua, which has generic name eplontersen, for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults. Ionis said Wainua would be available […]

Elon Musk says he hopes to turn X into a “giant brain” and pivot it into a financial platform once it secures money-transfer licenses. “We want to create a group mind or collective consciousness where each person is reporting information to the system, and giving their opinion. Think of it as a giant brain,” Musk […]

Nike Inc. on Thursday said it was looking for ways to save $ 2 billion over the next three years, in an effort to “streamline” the company following what it said was a “softer second-half revenue outlook.” Nike NKE, +0.91% said that the savings could come from simplifying its product selection and using more automation […]

“The bulls are likely not done yet.” The stock market, as measured by the S&P 500 Index SPX, continued to move higher and deeper into overbought territory. A price was paid for that on December 20, when a small amount of selling turned into an avalanche, costing the benchmark U.S. index more than 70 points […]

A number of commodities made notable moves in 2023, with gold and frozen orange-juice prices reaching record highs, but key commodities indexes are on track to post their largest losses in five years, pressured by declines in natural gas, coal, and grains. The S&P GSCI XX:SPGSCI, a benchmark for investments in the commodity markets, traded […]

From space tourism to rocket launch technologies, these are the space stocks to look out for in 2024. Justus Parmar, CEO of Fortuna Investments, a venture-capital and advisory company currently focused on space investments, sees Virgin Galactic Holdings Inc. SPCE, -10.61% as particularly worthy of attention, pointing to the company’s market cap of $ 1.06 […]

Quick facts about SUVs vs. minivans SUVs and minivans are both family-friendly vehicles.  Minivans are typically more affordable, with more space for passengers, cargo, and extra storage.  SUVs are available in a wider range of styles and options with a sportier, sleeker look.  It’s an age-old question that most parents will face at some point: SUV or minivan? Which […]

Investors should seize on the powerful 2023 year-end rally in stocks and bonds, and add value to their portfolios in other ways over the next six to 18 months, according to the Wells Fargo Investment Institute. The Dow Jones Industrial Average DJIA already carved out a handful of record closes in the second half of […]

Longtime Activision Blizzard Chief Executive is set to leave the company, a little over two months after its acquisition by Microsoft Corp. In an email to employees that the videogame company made public, Kotick looked back with nostalgia on his 32-year tenure and thanked employees “who contributed tirelessly to building this company.” According to a […]

The Year Ahead Property owners pocketed billions of dollars by refinancing properties when rates were low. They aren’t going to throw it away now. 10 Listen (7 min)

Happy holidays and welcome back to Distributed Ledger! This is Frances Yue, crypto and markets reporter at MarketWatch. The battered meme coin space is seeing a new star.  Most meme coins have been significantly underperforming major crypto such as bitcoin and ether this year. Dogecoin DOGEUSD, +0.36% saw a 30% rise so far this year, […]

If you bought an app on Google Play or made any in-app purchase between August 2016 and September 2023, you may be owed some money. Google GOOG, +2.67% GOOGL, +2.77% has agreed to pay $ 700 million and make several other concessions to settle antitrust allegations that it had been suppressing competition to its Android […]

Shares of FedEx Corp. have fallen so much on the back of the package delivery giant’s earnings miss, that it has created an attractive buying opportunity for investors, one Wall Street analyst said. The stock FDX, -10.85% tumbled 10.7% in morning trading, enough to pace the S&P 500 index’s decliners, and to put it on […]

There was new data out of the U.K. on Wednesday morning, showing prices falling more than expected, further evidence that a global disinflationary trend is under way. How far and how long inflation will last are the key questions now for a stock market that has thrived in 2023, with the S&P 500 SPX surging […]

Shares of FedEx Corp. dropped Wednesday after the package-delivery giant trimmed its full-year sales forecast, amid continued concerns about subdued shipping demand through the peak holiday season. FedEx FDX, -0.68% said it expected a “low-single-digit percentage decline” in sales for its fiscal 2024, compared with a prior forecast for “approximately flat” sales growth. The company […]

We have many reasons to believe U.S. inflation will remain elevated for several more years, and stocks may be your best option for long-term savings. During the 1990s and 2000s, the average annual increase in the consumer price index was about 2%. Americans benefited from the digital revolution. Vast improvements in computing power, and easier […]

Alibaba Group Holding Ltd. co-founder and Chief Executive Eddie Wu will take over as the head of the Chinese internet giant’s core e-commerce group, according to multiple reports late Tuesday. Wu will become CEO of Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, effective immediately, Bloomberg, Reuters and CNBC reported. Alibaba did not immediately respond […]

“Companies need guidance on how to experiment, pilot and adopt AI ethically and securely. ” As a software industry CEO, I am excited about the power and potential of AI. Yet AI could go from a rising tide that lifts all boats to a perfect storm of unmanageable risk unless it is given effective guardrails and governance. […]