Uber Technologies Inc. Chief Executive Dara Khosrowshahi made some big promises Thursday, and investors are counting on him to come through in the year ahead. Uber UBER, +9.54% again lost more than $1 billion in the fourth quarter, as it has every quarter of its public life, but the lossRead More →
Dear Moneyist, I divorced a little over a year ago, and my ex-husband died suddenly. One of our investment accounts was ordered to be split $30,000/$60,000, as per our divorce agreement. I signed my paperwork, but he never got around to it. Also see: ‘My husband’s kids hate me andRead More →
The “Greatest Predictor” of the U.S. stock market’s future is more bullish than it was two years ago, but that’s not saying much. This indicator, which boasts one of the best track records of all in forecasting the market’s 10-year return, is still projecting well-below-average gains. The Greatest Predictor isRead More →
Social-media site Twitter Inc. has collected a lot of likes on its debut $600 million junk-bond deal in the past two days. Yields on the nearly eight-year parcel of bullet bonds, due in 2027, have narrowed to an indicative level of 4% yield from an 4.5% area, according to oneRead More →
The Fall Classic is finally here and the Houston Astros, fresh off their dramatic victory over the New York Yankees, should be completely focused on what it’ll take to beat the Washington Nationals and their formidable pitching staff. But because of these five words, there’s a dark cloud hanging overRead More →
© Reuters. A Johnson & Johnson building is shown in Irvine, California (Reuters) – Johnson & Johnson (N:) said on Friday it would recall a single lot of its baby powder in the United States after the Food and Drug Administration found trace amounts of asbestos in samples taken fromRead More →
Who doesn’t love a good hot dog? So it’s only natural that you’d also really love a six-foot-long hot dog sofa in the middle of your living room, right? And for a measly $7,100! Who wouldn’t want that? Well, a number of people on Twitter, at least, who spent aRead More →
The first cut is the deepest. Clamoring for a rate cut—the first in more than a decade—by the Federal Reserve at some point this year is running hot. A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publicationRead More →
President Donald Trump is again calling for a weaker dollar. And that preference might now be starting to line up with market fundamentals, which means his pronouncements on the value of the currency could pack a lot more punch in the run-up to the 2020 presidential election, according to AlanRead More →
A surge in bitcoin prices that took it well above $8,000 appears to be coming to a halt, wotj the world’s No.1 crypto asset running into sudden and sharp selling pressure within the past 24 hours. Bitcoin BTCUSD, +2.56% hit an intraday low of $6,688.78 at 11 p.m. Eastern TimeRead More →
Berkshire Hathaway Inc. plans to “put a lot of money” into energy, billionaire investor Warren Buffett said on Saturday. Speaking during the question-and-answer session at the conglomerate’s BRK.A, +1.10% BRK.B, +1.24% annual meeting, Buffett bragged that Berkshire will be creating as much power through wind energy as all of itsRead More →
Jeremy Grantham, an investor credited with predicting the 2000 and 2008 downturns, told CNBC on Thursday that investors should get inured to lackluster returns in the stock market for the next two decades, after a century of handsome gains. “In the last 100 years, we’re used to delivering perhaps 6%,”Read More →
Kraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. Kraft Heinz KHC, -0.17% shares plunged more than 20% in the extended session, sending shares lower than $39; the stock has not fallen belowRead More →
President Donald Trump bemoaned Thursday a lack of media attention for the “great earnings” coming out of Wall Street. Great earnings coming out of Stock Market. Too bad Media doesn’t devote much time to this! — Donald J. Trump (@realDonaldTrump) January 25, 2019 MarketWatch devotes a great deal of timeRead More →
OPEC Boosting Oil Production For some months now, OPEC has been boosting production to help relieve concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting a growth in crude oil exports to their mostRead More →
