Category: United States

The chief executive of NatWest who resigned after leaking misleading information about Nigel Farage will make at least £2.4 million ($ 3 million), a filing released Wednesday showed. Alison Rose will make her salary of £1.16 million, along with a fixed-share allowance of £1.16 million in NatWest shares, which is released each year over five […]

Bond yields fell on Wednesday after data showed weakening economic activity in Europe. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y fell 4.7 basis points to 5.010%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y retreated 6.4 basis points to 4.265%. The yield on the 30-year Treasury […]

SYDNEY — The Australian economy continues to cool quickly with Judo Bank’s purchasing managers index for August showing a marked decline. The Judo Bank Flash Australia composite PMI output index posted below the 50.0 no-change mark in August, falling to 47.1 from 48.2 in July, to indicate a solid reduction in private sector activity. The […]

UPS employees approved a new five-year union contract with the delivery giant Tuesday, about a month after reaching a tentative deal that averted a strike of 340,000 United Parcel Services workers. The Teamsters said 86.3% of members voted for the “historic” deal, saying it was “the highest vote for a contract in the history of […]

Republican presidential candidates taking the debate stage Wednesday night have questioned the severity of climate change, with at least one White House contender calling global warming a “hoax” in a summer that saw wildfire smoke and extreme heat stifle large swaths of the country. Read: What is a heat dome? There’s one roasting Texas and […]

Did a group of traders in rapidly expiring options recently drag the S&P 500 lower in the final hour of trading? Or has the influence of this booming corner of the options world been exaggerated? A team of equity-derivative strategists at Bank of America BAC, -2.44% Global Research think it is the latter. In a […]

“ Even if you can afford to buy long-term-care insurance, the coverage keeps shrinking. ” As you near retirement, you may worry that the cost of long-term care can sabotage your future. Spending thousands of dollars a month on home health aides or an assisted-living facility can sink your retirement plans, especially if you need […]

Icahn Enterprises L.P.’s stock was down 4.2% to $ 19.86 on Tuesday, bringing it within sight of its 52-week low of $ 18.03, which it hit earlier this year after short seller Hindenburg Research published a scathing article about the company. A New York Times article published Tuesday highlighted the fallout from that report for […]

Palo Alto Networks Inc. shares are basking in the ultimate relief rally Monday after the company’s Friday night earnings scare proved a fakeout. Shares of the cybersecurity company had sold off by 18% between when the company announced it would be reporting results on Friday night and when it actually delivered those results. While investors […]

Stock market bulls need not be concerned that the Russell 2000 index RUT is on the brink of dropping below its 200-day moving average. This sanguine assessment may surprise you, since for decades technicians have considered breaking below the 200-day moving average to be a major bear market signal. In fact, though, the moving average […]

Think twice before you fall in love with a CD. Browsing for attractive CD rates can be a bit like scrolling for partners on Tinder. There are new, exciting options every day that seem very tempting and worthy of your time. But the same principle holds true for both: tread carefully, as the most appealing […]

Dear Quentin, My wife and I have two kids, aged 8 and 6. When the kids were born, my mother-in-law and her partner started 529 plans for them, and have been contributing since then. My wife and I have not contributed to the 529 college-savings plans; instead, we contributed to custodial accounts under the  UGMA/UTMA […]

Retailer Dick’s Sporting Goods DKS, +0.29% has cut hundreds of corporate jobs ahead of its quarterly earnings release Tuesday. The layoffs comprise less than 1% of the overall workforce, a person close to the company said Monday. Dick’s Sporting Goods plans to “reinvest in critical growth drivers,” said this person, including jobs elsewhere at the […]

Arm Holdings Ltd. filed its long-awaited initial public offering late Monday, following last year’s failed bid by Nvidia Corp. to acquire the U.K.-based chip architecture company. Arm has reportedly been seeking to raise $ 8 billion to $ 10 billion at a valuation of $ 60 billion to $ 70 billion, making its IPO the […]

“‘It’s clear we’re in the final chapter.’” — Josh Carter That’s a widely shared remark attributed to Josh Carter — a grandson of Jimmy Carter, the 98-year-old former president, and former first lady Rosalynn Carter, who turned 96 on Friday — in a People magazine feature published over the weekend. The Atlanta-based Carter Center, however, […]

Legendary investor Jeremy Grantham’s GMO is planning to offer an exchange-traded fund that will invest in U.S. quality stocks, the firm’s first ETF as it responds to demand in the wealth management industry. GMO, an investment firm co-founded by Grantham, is preparing to launch the GMO U.S. Quality ETF under the ticker QLTY, according to […]

““We now foresee a deeper and longer property downturn.”” — UBS strategists led by Ning Zhang Wall Street’s darkening view on China continued on Monday as UBS strategists joined JP Morgan Chase & Co., Barclays, Morgan Stanley and Nomura in cutting the country’s growth prospects amid a property downturn. China’s CSI 300 index XX:000300 fell […]

Bond yields rose on Monday, leaving benchmark rates hovering near 15-year highs as traders eyed a speech by Fed Chair Jay Powell at the end of the week. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose less than 1 basis point to 4.953%. Yields move in the opposite direction to prices. The yield […]

China’s benchmark lending rate was lowered by a smaller-than-expected margin on Monday, after the central bank cut its key policy rates last week to offer more support for the slowing economy. The one-year loan prime rate was lowered by 10 basis points to 3.45% while the five-year LPR was held at 4.2%, the People’s Bank […]

Threads, the rival to Twitter — er, X — that Meta Platforms Inc. launched in early July, will add a desktop version this week, the Wall Street Journal reported Sunday. A desktop version has been one of users’ top requests after a chronological timeline, which Threads recently added. While Threads links can be viewed on […]