“ ‘There are dislocations today that are as large as they were three months ago. ‘ ” — Boaz Weinstein That is Boaz Weinstein, the former star Deutsche Bank DB, -0.62% trader who now runs his own hedge-fund firm, Saba Capital Management explaining his investment outlook during the pandemicRead More →
Investors usually must contend with a trade-off between income and growth. Not so with the Reaves Utility Income fund, which has a 6.48% dividend yield and performance that has beaten the S&P 500 Index US:SPX over the past 10 and 15 years. That’s unusual, given that the benchmark index isRead More →
How do you make $1.7 trillion disappear? A trade war is one way, a new report has found. A study by the Federal Reserve Bank of New York adds to previous findings that, despite pronouncements from the White House, Americans are paying — and paying stiffly — for the U.S.-ChinaRead More →
As was the case Wednesday, when the highly anticipated launch from the Kennedy Space Center of a SpaceX rocket in cooperation with NASA was scrubbed, the weather forecast for Saturday on central Florida’s Atlantic coast makes the rescheduled launch a 50-50 proposition. The launch is set for Saturday at 3:22Read More →
The biggest U.S. dairy farming cooperative struck a $425 million deal to buy dozens of plants from bankrupt milk processor Dean Foods Co., in a deal executives said would preserve jobs and markets for farmers’ milk. The deal, which was proposed by Dairy Farmers of America, requires approval of theRead More →
Alstom SA said Monday that it is in talks with Bombardier Inc. BBD.B, -1.20% to acquire its rail unit following reports from The Wall Street Journal that a preliminary more than $7 billion deal had been reached. The French train maker ALO, +2.67% said discussions are continuing for the acquisitionRead More →
Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk. Mastercard MA, +1.52% is working with transport firms to develop a new system that would authenticate passengers by their gait. The payment provider told MarketWatch that everyoneRead More →
The U.S. central bank should keep its benchmark interest rate unchanged for the time being, as growth is in a good place and inflation should hit the central bank’s 2% annual target, two Federal Reserve officials said Monday. “My own view right now is that we should hold steady forRead More →
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 →
Casper Sleep Inc., the startup that popularized the bed-in-a-box trend, saw its shares rise more than 20% in their trading debut Thursday, after underwriters priced its initial public offering at $12, the lower end of a reduced range. That left the company’s valuation at less than half the $1 billionRead More →
As the novel coronavirus’s death toll and confirmed cases continue to rise, U.S. officials have expanded screening measures to 20 airports nationwide. So what exactly should passengers traveling from China — and the general flying public — expect at these enhanced-screening airports? The Centers for Disease Control and Prevention initiallyRead More →
More than three years of pre-Brexit uncertainty have taken a heavy toll on the U.K. economy, with gross domestic product some 3% lower than it would have been otherwise, according to most estimates. And the stock market, as measured by the FTSE 100 index UKX, -0.75%, has massively underperformed itsRead More →
For the first time, Uber UBER, +0.43% is allowing drivers to have control over the fares they charge riders. But given the fierce competition across ride-hailing apps, industry experts say this could lead to a price-cutting battle between drivers vying for riders. Uber said on Tuesday it is testing theRead More →
Intel Corp.’s 2020 forecast will determine how its stock swings on Thursday, but what are the chances that outlook actually stays the same for more than a quarter? Intel INTC, +3.60% investors suffered a choppy ride last year, after the chip maker set its forecast at the start of 2019,Read More →
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets and their accompanying heavy carbon footprints are banding together for an electric-vehicle collaboration expected to keep up the pressure on the EV industry and the corporations that dominate American roads. The group comes together underRead More →
Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →
ETF Overview iShares Transportation Average ETF (IYT) owns a portfolio of U.S. transportation stocks. The fund seeks to track the investment results of the Dow Jones Transportation Average Index. IYT’s portfolio of stocks include delivery services companies, railroad companies, truckers, airlines, and marine transport companies. These stocks are trading atRead More →
The past year saw highs and lows for the travel industry. The grounding of the Boeing 737 Max aircraft BA, -0.04% following two fatal crashes caused headaches for travelers and airlines alike, prompting cancelled flights and route changes that have continued through today. Don’t miss: Airbnb hosts have booked whiteRead More →
“If we are forcing these drivers to go like bats out of hell to get this stuff all over town, that’s OK, because we are making it great for our customers. The human cost of this is too much.” That’s what a former Amazon.com Inc. manager, who quit in frustrationRead More →
United Parcel Services Inc. stock slid Wednesday, after BMO downgraded the stock and said the rise of e-commerce is disrupting the delivery business as more parcels go to residential addresses than businesses, squeezing profit for the incumbents. UPS shares UPS, -0.19% were down 1.4% in afternoon trade, bringing their month-to-dateRead More →
The start of December is testing this Teflon stock market. Wall Street’s open is looking rough for Tuesday after U.S. President Donald Trump said a China trade deal might have to wait until after the 2020 election. That came after the worst day for stocks in eight weeks. We bestRead More →
Several people were stabbed and one man was shot by police officers in a major incident in a busy part of central London Friday afternoon. Police have declared the attack a terrorist incident. Neil Basu, Metropolitan Police Assistant Commissioner said at a press conference: “We believe a device that wasRead More →
A third of Americans who traded in cars to buy new ones in the first nine months of 2019 had negative equity, compared with 19% a decade ago, according to car-shopping site Edmunds (chart below). Similar trends are evident in Canada. See A $45,000 loan, for a $27,000 ride: MoreRead More →
American workers are increasingly strapped for sleep — and the ones grappling with life-or-death decisions on the job might be most likely to get poor shut-eye, a recent study says. About 50% of protective-service workers — such as police officers, firefighters and correctional officers — and military workers reported shortRead More →
Dara Khosrowshahi, chief executive of Uber Technologies Inc., was forced to quickly backtrack after calling the murder of Saudi journalist Jamal Khashoggi a “mistake,” comparing it to a fatal crash by one of his company’s self-driving cars. In an interview that aired Sunday on “Axios on HBO,” Khosrowshahi said thatRead More →
