After years of being the only group that didn’t feel the impact of rising grocery prices, middle-income consumers are now starting to feel the pinch. According to a report by data company Numerator, middle-income consumers now account for the majority of those affected by the rising prices. While ruralRead More →
Cathie Wood’s ARK Innovation ETF is taking another bruising in the U.S. stock market selloff Wednesday, with the technology sector being hard hit amid concern the Federal Reserve is turning more hawkish in battling soaring inflation. Shares of the ARK Innovation ETF ARKK, -4.71%, an exchange-traded fund managed byRead More →
Shares of Match Group Inc. were off 3% in after-hours trading Tuesday as the online-dating giant delivered a lower-than-expected forecast, citing pressure from the omicron variant. The company reported a fourth-quarter GAAP net loss of $168.6 million, or 60 cents a share, whereas it earned $149.0 million, or 50Read More →
The World Health Organization warned Tuesday that Europe’s death toll from the coronavirus-borne illness COVID-19 could exceed 2 million by March, as cases have climbed to nearly 4,200 a day and the illness has become the No. 1 cause of death on the continent. WHO European regional director Dr.Read More →
Roblox Corp. was digging itself out from a three-day outage that shut millions of users out Monday, as investors wiped away more than $1 billion of the videogame company’s market capitalization. Roblox RBLX, -2.68% shares declined as much as 4% Monday, and were last down 2.9% at $81.61, afterRead More →
Meta is the new name for Facebook Inc. The change, announced Thursday by Facebook FB, +3.48% founder and Chief Executive Mark Zuckerberg, relegates Facebook to one of the company’s three major platforms — which also includes Instagram and WhatsApp — rather than the overarching brand amid whistleblower revelations andRead More →
With supply chain channels snarled by the effects of the COVID-19 pandemic, major retailers like Target Corp. and Home Depot Inc. are taking matters into their own hands, chartering ships to deliver goods in time for the important holiday season. Retailers large and small, consumer packaged goods companies andRead More →
If you were thinking of starting a business with money from your individual retirement account, you might want to put that idea on hold for a moment. Ditto if you were thinking of using tax-deferred retirement accounts to invest in a startup run by a friend or a memberRead More →
Your Tom Cruise fix is going to have to wait a bit longer. Paramount Pictures on Wednesday moved back the release dates for Cruise’s next two films yet again, due to concerns that COVID-19 will continue to hurt the movie-theater business. “Top Gun: Maverick,” which was expected to premiereRead More →
A new form of digital layaway has taken Europe by storm and gained some acceptance in the US, and the growing handful of opponents in space want to encourage more online purchases that Americans pay for over time. ‘Buy now, pay later’ options – referred to in the paymentsRead More →
Gary Vaynerchuk wears many hats. He’s an entrepreneur, CEO, angel investor, public speaker and social-media guru — not to mention the actual hat he wore during his interview with MarketWatch showing he’s a fan of the New York Jets. Vaynerchuk, 45, is the CEO of media and communications companyRead More →
Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →
Professional short-sellers have changed their ways this year. They have limited their exposure to risk after taking heavy losses earlier in 2021 as traders using Reddit’s WallStreetBets channel and other social media bid up prices of stocks the pros had bet against. But there are still stocks with heavyRead More →
The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings. The electric-vehicle company now makes up 6% of its portfolio, and is the fund’s third-largest holding after online retailer Amazon AMZN,Read More →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
Amazon warehouse workers in Alabama got a surprise ally in US Sen. Marco Rubio, with the conservative lawmaker revealing on Friday that he supports their efforts to unionize. The Republican senator from Florida published an op-ed in USA Today that accused Amazon AMZN, -0.77% of waging “a war against working-class values”Read More →
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday. The parents and sister of Alex Kearns said Robinhood preys on inexperienced traders and that the company’s “misleading communications” caused him toRead More →
The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
People have spending money on Lysol and Clorox during a year in which coronavirus has upended people’s lives. Cards Against Humanity eschewed its annual Black Friday stunt in light of the pandemic and protests regarding the killing of Black Americans by police. David Ryder/Getty Images For Cards Against Humanity,Read More →
The U.S. death toll from the coronavirus illness COVID-19 rose above 231,000 on Monday with cases rising in 42 states, as President Donald Trump continued to criticize a key infectious-disease expert and even hinted he might fire him if he wins Tuesday’s presidential election. Dr. Anthony Fauci, America’s foremostRead More →
PayPal Chief Executive Dan Schulman said the company aims to “meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” PayPal PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.Read More →
