Category: United States

U.S. stocks closed near the session’s low Thursday, after a poor Treasury debt auction and after Federal Reserve Chair Jerome Powell warned higher interest rates might be needed to tame inflation. That put an end to the S&P 500’s longest winning streak in two years. How stock finished Dow Jones Industrial Average DJIA shed 220.33 […]

Federal Reserve officials are “gratified” with the progress made so far on bringing down inflation, but are not yet confident that interest rates are high enough to bring inflation down to 2% target over time, Fed Chairman Jerome Powell said Thursday. “We know that ongoing progress toward our 2% goal is not assured: Inflation has […]

The Chief Executive of Black Banx Group Holdings Ltd, a digital banking and crypto currency specialist with $ 1.5 billion in third-quarter revenue, plans to float an initial public offering of company stock but says the time isn’t right for now. Michael Gastauer, who founded Black Banx in 2017 and built it up to more […]

Can the S&P 500 squeak by with another winning session? Watch for comments from Fed Chairman Jerome Powell to come and another Treasury bond auction. We’re working toward that time of year when Wall Street wizards start rolling out equity forecasts for the year to come. Based on where the S&P 500 SPX stood on […]

Anglo-Swedish drugmaker AstraZeneca on Thursday upped its earnings forecasts for the year as surging sales of cancer medicines offset plummeting sales of COVID vaccines.  The Cambridge-headquartered company matched analysts’ expectations in posting a 5% uptick in third quarter revenues, to $ 11.49 billion, compared to the $ 11.56 billion forecast by 12 analysts, FactSset data […]

““I don’t know if you’re watching, Warren. I don’t know if Warren Buffett has collected Social Security, but if he is, shame on you.” ” — Chris Christie Former New Jersey Gov. Chris Christie had a message for Warren Buffett and anyone else considered ultra-wealthy: You’re wrong to claim Social Security benefits.  “The fact is on […]

The third Republican presidential debate saw the five remaining major GOP contenders, once again sans Donald Trump, taking the stage in Miami to discuss foreign policy and the Israel-Gaza conflict, how inflation and the rising cost of living is pinching many Americans — and whether to ban TikTok. But let’s be honest: The most viral parts […]

Tyson Foods TSN, -0.81% is closing two of its smaller case ready meat facilities as it continues to cut costs. One of the facilities is in Jacksonville, Fla., and the other is in Columbia, S.C. Tyson’s Jacksonville plant employs about 200 people and is expected to close in January, according to a state labor department […]

Managers of mutual funds focused on large-cap stocks in the U.S. did a stronger job of beating their benchmark last month, but they’re still struggling to do so year to date, according to BofA Global Research.  Sixty-eight percent of large-cap active managers outperformed their Russell 1000 benchmark in October, BofA said in a research note […]

Investors seemed unimpressed by Rivian Automotive Inc.’s better-than-expected quarter, and looked ahead at the EV maker’s planned downtime and continued cash burn to fret anew. Rivian RIVN, -2.84% late Tuesday reported a narrower third-quarter loss. It also upped its production guidance for the year and said it ended its exclusivity deal with Amazon.com Inc. AMZN, […]

The classic 60/40 portfolio, which consists of 60% bonds and 40% stocks, hasn’t performed well in the past few months, with the two assets mostly posting a positive correlation and investors worrying the Federal Reserve may keep interest rates higher for longer. The S&P 500 SPX has lost 2% for the past three months, while […]

The major Republican presidential contenders are set to face off against one another in the third debate on Wednesday night, with fewer candidates battling to grab the spotlight amid tougher qualifying criteria. Here are some key things to know about the debate. What time does is start and where is it being held? The latest […]

Salesforce Inc.’s massive Dreamforce conference will remain in San Francisco next year, after Chief Executive Marc Benioff threatened to move it to another city. “Get ready for an electrifying experience at Dreamforce 2024! Thrilled to share the news that Dreamforce, the worlds largest enterprise tech conference, will be returning to San Francisco, the stunning city […]

Contrasting results and forecasts from electric-vehicle makers on Tuesday showed that Rivian Automotive Inc. has a more tangible business model than Lucid Group Inc. Overall, Rivian RIVN, +1.40% showed it was focused on cost-cutting efforts during its call with analysts to discuss its third quarter, as executives described a big technology upgrade at its factories […]

By Megumi Fujikawa Bank of Japan Gov. Kazuo Ueda said Wednesday that the bank could consider unwinding its monetary easing before the pace of wage growth exceeds that of inflation. The central bank could tweak its yield curve control or negative interest rates before inflation-adjusted wages turn positive, Ueda said in Parliament on Wednesday. Before […]

Following the smashing success of the animated “The Super Mario Bros. Movie” earlier this year, Nintendo Co. Ltd. plans to bring another of its iconic videogame characters to movie screens. The Japanese videogame maker announced Tuesday it plans to make a live-action version of “The Legend of Zelda” in conjunction with Sony SONY, +1.23% Pictures […]

Got a question about Series I bonds or other fixed-income investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write me at beth.pinsker@marketwatch.com.   Dear Fix My Portfolio, Bond funds are the devil in disguise. Why do I say this? Because […]

Dear Quentin, My husband and I just created a trust with the help of an attorney. I’m 68 years old and he’s 76, and we’re both in good health. I have a married, 26-year-old daughter. My partner has no kids. He and my daughter do not get along and, thus far, neither one has been […]

It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report. With mortgage rates at 23-year highs, the monthly principal and interest payment on a median-priced home hit a record high in October. That puts the U.S. housing market at its […]

A weak session is setting up for Tuesday, with oil under pressure after unexpectedly downbeat China export data. So the preference is for bonds this morning, as stock futures tilt south. Onto our call of the day, which deals with another worry — a wall of government debt that will be with us for decades. […]