Category: United States

Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency attract more capital into the space, while investors await the upcoming “halving” event, which has historically been bullish for bitcoin prices.  Bitcoin BTCUSD, +2.66% rose 9.5% over the past 24 hours to nearly $ 57,000 at […]

CarGurus Inc. shares fell 10% in the extended session Monday after investors looked past a better-than-expected quarter for the online car-selling platform to zero in on weaker current-quarter guidance. CarGurus CARG, +0.21% lost $ 23.7 million, or 21 cents a share, in the fourth quarter, contrasting with gains of $ 159 million, or 20 cents […]

Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts. The company forecast $ 415 million to $ 420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue […]

Technology stocks are riding high following Nvidia Corp.’s latest blockbuster earnings report, which helped push the Nasdaq-100 and the S&P 500 technology sector to fresh record highs last week. But after looking past the index-level performance, there are signs that the momentum that has propelled the sector higher over the past year is starting to […]

JPMorgan Chase & Co.’s global investment banking chief Viswas Raghavan is departing for Citigroup about a month after Chief Executive Jamie Dimon set the stage for a potential successor at the U.S.’s largest bank with a round of internal promotions. Raghavan most recently worked as head of global investment banking at JPMorgan JPM, -0.25%, and […]

Leisure stocks are likely to outperform this year as emboldened consumers kick back and relax. Here’s more on three economic trends supporting this trend and 11 stocks to consider, according to five money managers I check in with on this theme.  Three trends will give consumers more confidence to spend on leisure this year: 1. […]

Mounting problems at plane manufacturer Boeing could see Ryanair forced to cut its schedules and increase prices by another 10%, the budget airline’s CEO Michael O’Leary has reportedly warned. The low-cost carrier’s schedules were drawn up on the basis it would receive 50 of the 57 Max 737-8200s it has ordered, but major issues at […]

Home prices are so high that nearly half of would-be home buyers say they earn too little to afford a house, according to a new survey. The survey, by Bankrate, included responses from nearly 2,300 adults, 864 of whom were aspiring homeowners. It found that 54% of respondents who were interested in buying were held […]

SYDNEY — Aluminum producer Alcoa has agreed to an all-stock deal to acquire Australia’s Alumina that values its equity at some 3.35 billion Australian dollars (US$ 2.20 billion). Pittsburgh-based Alcoa AA, -4.43% is offering 0.02854 of its own stock for each Alumina AWC, +7.11% share, representing a 13% premium to Alumina’s closing share price on […]

Dear Quentin, I have a $ 1.5 million account with one of the major investment managers in the United States. In the fall of 2021, the stock market was weakening and the Federal Reserve was projecting that its benchmark rate would increase significantly from zero in the following months. I contacted my account manager and […]

AT&T Inc.’s chief executive apologized on Sunday for an hours-long nationwide service outage that affected many of its wireless customers last week, and said it will credit the accounts of some of those affected as compensation. In a letter to employees, CEO John Stankey called last Thursday’s outage “a challenging day.” “We let down many […]

The keepers of the Dow Jones Industrial Average have been very good at making sure the changes they make to the venerable stock-market barometer are seamless to investors, but nobody’s perfect. How the 128-year old index DJIA is constructed is a secret closely guarded by S&P Dow Jones Indices. But some things, such as the […]

Over the past two years, clothing and electronics haven’t exactly been a big priority for shoppers, as they try to cover higher-priced groceries and gasoline. In the week ahead, results from retail chains like Macy’s Inc., Urban Outfitters Inc., TJX Cos. and Best Buy Co. will offer an update on whether consumer appetites might get […]

Nvidia’s spectacular growth is hard to quantify sometimes. But this chart, from Sonu Varghese, global macro strategist at the Carson Group, helps put things in perspective. It’s shows how Nvidia’s NVDA, +0.36% earnings — or, to be more precise, analyst expectations of its earnings in 12 months’ time — have soared well beyond its stock […]

Dear MarketWatch,  I have $ 1.5 million in my 401(k) and $ 1.1 million in my IRA. I will be 73 in 2024 and must start RMDs. A financial planner suggested that I purchase $ 1.5 million in annuities and invest the other $ 1 million in stocks and bonds. Should I take my adviser’s […]

Nvidia Corp.’s NVDA, +0.36% meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product. The chip maker’s stock closed at $ 788.17 on Friday, giving it a market value of $ 1.97 trillion. That figure […]

I don’t want to get dementia. I really, really, really don’t want to get dementia. Almost any other way of dying would be OK with me. Just, please, not that. Which is why, now that I’m well into middle age, I walk a lot. I get more exercise, including high-intensity interval training. I try to […]

Donald Trump was projected as the winner in South Carolina’s Republican presidential primary on Saturday over rival Nikki Haley, keeping him on track to become his party’s 2024 nominee. The Associated Press called the race in the former president’s favor as polls closed statewide at 7 p.m. Eastern Time. With an estimated 33% of ballots […]

Dear MarketWatch,  I’ve heard over and over that I will need 80% of my current salary in retirement. If I’ve been putting away 20%, will I need 80% of what I bring home or 80% of my gross salary?  I’m also curious if I will be able to retire at age 60. I’m 58 and […]

Dear MarketWatch, I’m retiring in six months and live outside of Los Angeles. It’s really pricey here.   I’m 68 and my wife is 61. We will have about $ 800,000 in total savings and IRAs, and an income of $ 7,000 monthly including my Social Security. We currently rent. We want to avoid high-humidity summers, […]