Category: United States

Wuxi XDC Cayman’s shares rose in their trading debut in Hong Kong as investors scrambled to compensate for the lost opportunity during the company’s initial public offering. Shares of the company, a unit of Chinese contract drugmaker Wuxi Biologics 2269, -0.42%, opened 31% higher compared with the IPO price of HK$ 20.60 a share. The […]

Applied Materials Inc.’s stock dropped more than 7% in extended trading Thursday after a report that the chip maker is under a criminal investigation by the Justice Department for potential export violations. Reuters reported Thursday that the company is being probed for possibly sending hundreds of millions of dollars’ worth of equipment to Chinese chip […]

IBM Corp. IBM, +0.31% has abruptly pulled ads from X, formerly Twitter, amid a maelstrom of controversial comments from billionaire owner Elon Musk and the placement of IBM ads. “IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation,” the […]

“‘I don’t think there’s the slightest chance that Warren Buffett is doing something that is deeply evil to make money for himself.’” — Charlie Munger That was Charlie Munger, vice chairman of Berkshire Hathaway BRK.B, +0.86%, pushing back against a ProPublica report that alleged his billionaire business partner Warren Buffett traded stocks in his personal […]

Shares of Palo Alto Networks Inc. slid on Thursday after the company a day earlier lowered its full-year outlook for billings, a key measurement of demand. But despite a downgrade from one analyst, many others over the past day said the despair from investors was unfounded, and echoed commentary from the company that demand was […]

Oil futures declined on Thursday, with worries about energy demand and a sharp rise in U.S. crude inventories over the past two weeks prompting prices to trade at their lowest levels since July. Price action West Texas Intermediate crude CL00, -4.21% for December delivery CL.1, -4.21% CLZ23, -4.21% fell $ 2.69, or 3.5%, to $ […]

Some Starbucks workers are seeing red — and on Thursday, customers might be, too.  That’s because Nov. 16 is the coffee chain’s popular Red Cup Day, when Starbucks SBUX, +0.41% releases its free, reusable red holiday cups each year. This year, customers who order a holiday beverage at a participating store on Red Cup Day will […]

This article is reprinted by permission from NerdWallet.  Entering the holiday season with high-interest debt or financial struggles can put you at risk for a debt hangover that could linger for years. It’s a crossroads that many will unfortunately encounter this holiday season. Credit card balances rose to over $ 1 trillion in the second […]

The Democratic-run Senate has approved a short-term funding measure that prevents a partial government shutdown from hitting this weekend, with the vote coming after the Republican-controlled House of Representatives gave its OK on Tuesday to the continuing resolution. The measure passed late Wednesday night, by a vote of 87-11. “This Friday night there will be […]

I want to make three main points. First, the “facts” of investment history aren’t always what they seem. This can fool us into making flawed decisions. Second, emotional impatience and wishful thinking can fool us into believing we know more than we do. Third, Wall Street actively fools us in various ways, and most of […]

Shares of Palo Alto Networks Inc. slid after hours Wednesday after the cybersecurity company trimmed its full-year outlook for billings, as its customers seek more flexibility on cybersecurity spending. Executives tempered that forecast despite what they characterized as an an “unprecedented level” of cyberattacks driving demand for greater security. But a more cautious tack on […]

An Intel Corp. board member who made a well-timed purchase of shares last fall bought up stock again more recently. Lip-Bu Tan purchased 66,000 Intel shares INTC, +3.04% at prices ranging from $ 37.77 to $ 37.95 on Nov. 9, according to a filing with the Securities and Exchange Commission made public Tuesday. Tan spent […]

Target Corp.’s stock soared Wednesday following the retail giant’s third-quarter earnings beat, with investors keeping a close eye on the retail sector’s ability boost profit margins. Target TGT, +17.51% is a top trending stock Wednesday on Stocktwits, a social platform for investors and traders. “The name of the game in the current environment is earnings management, […]

French carmaker Renault Group on Wednesday outlined ambitious plans to transform its newly-carved out electric vehicle business, Ampere, into a European giant that is able to rival the world’s top EV manufacturers, while making billions each year selling low-cost electric cars.  In lining the company up for an initial public offering (IPO) in 2024, Renault […]

The third-quarter earnings season is starting to wind down, giving us at MarketWatch time to look back and remind ourselves of something — just how annoying it was. That’s because of the many things companies do to make our jobs more difficult, from failing to issue a press release with a clear table of key […]

Warren Buffett’s Berkshire Hathaway exited positions in General Motors and Activision Blizzard in the third quarter, according to a regulatory filing. The conglomerate sold 22 million shares in GM during the quarter. GM GM, +4.83% was a holding of Berkshire Hathaway as early as 2012, but the conglomerate has been a seller of GM for […]

By Fabiana Negrin Ochoa The European Union has taken a step toward curbing methane emissions, agreeing on new rules aimed at cutting the amounts of the potent greenhouse gas produced in the energy sector. The EU Council and Parliament reached a provisional deal early Wednesday on regulation to track and reduce emissions of methane, thought […]

Amazon.com Inc. hit a milestone Tuesday that it hadn’t reached in 19 months. Shares of Amazon AMZN, +2.25% rose 2.2% on Tuesday, closing at $ 145.80, their highest close since April 21, 2022, when they ended the session at $ 148.30. With that closing price, Amazon again surpassed a $ 1.5 trillion valuation, according to […]

TOKYO — Japan’s economy shrank for the first time in three quarters in the July-September period due to sluggish spending by domestic consumers and companies. The Japanese economy contracted 0.5% in the three months to September from the previous quarter. That compares with 1.1% growth in the April-June quarter and economists’ forecast for a 0.1% […]

It was a magnificent day for the stock market Tuesday, highlighted by a strong performance by the Magnificent Seven technology giants, led by Tesla Inc. and Apple Inc. shares. The S&P 500 index SPX powered up 1.9%, with 466 components gaining ground, while the tech-friendly Nasdaq-100 Index NDX bulled 2.1% higher with 94 components rising. […]