Shares of U.S.-traded Chinese stocks on Friday posted their best week since at least March, with one popular exchange-traded fund clinching its biggest weekly advance since 2011, as shared recovered f...
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BofA is selling U.S. equities rally on worries that unemployment will be ‘shocking’ in 2023
Strategists at BofA Global Research said it is time to sell the U.S. stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will...
This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be
Americans 65 and older spent nearly $1,000 more per month last year than they did just five years prior, according to government data. Getty Images/iStockphoto Average monthly expenditures for those 6...
What’s next for lumber as it looks to be 2022’s worst-performing commodity
Lumber has the dubious honor of being among the biggest commodity price decliners this year, and the outlook for the market doesn’t look to improve anytime soon. Random-length lumber for January deliv...
‘Cash-stuffing’ has 700 million+ views on TikTok. How it can help you save more
What is cash stuffing? Getty Images/iStockphoto Thanks to a mild obsession with so-called “cash stuffing” — which has racked up more than 700 million views on TikTok — Gen Z has made an old-school mon...
‘It has been a nearly continuous plunge.’ My accounts are down 13% this year, but my financial adviser hasn’t made a single adjustment — and is still taking his 1%. Do I even need him anymore?
Getty Images/iStockphoto Question: I have heard it a thousand times: “People make more money with a financial advisor, don’t lock in your losses, stay invested,” etc. So I started with a financial adv...
Rigel stock soars after FDA approves leukemia treatment, 2 days after receiving delisting notice
Shares of Rigel Pharmaceuticals Inc. RIGL, +1.86% soared 39.5% in premarket trading Friday, after the biotechnology company announced Food and Drug Administration approval of its Rezlidhia leukemia tr...
Where BlackRock sees ‘tremendous’ market opportunities for ETF investors in 2023 after damage to stocks, bonds
Hello! In this week’s ETF Wrap, BlackRock’s Gargi Chaudhuri, head of iShares investment strategy for the Americas, discusses ways for investors to play a world of higher rates and elevated inflation i...
Marvell stock falls after disappointing earnings and outlook, as CEO cites ‘inventory reductions’ by some customers
Shares of Marvell Technology Inc. MRVL, -2.41% were falling 7% in after-hours trading Thursday after the chip company fell short of expectations with its latest results and outlook. Marvell posted fis...
Blackstone selling MGM Grand and Mandalay Bay hotel stake to Vici: WSJ
Blackstone Inc. BX, -6.92% is selling a 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay in a $5.5 billion deal with Vici Properties Inc. VICI, -0.28%, the majority owner of the two hotels, the...
‘I wish someone had warned me not to take my current job.’ 1 in 5 employees now reports being ‘miserable’ at work. Sound familiar? If so, this may be the No. 1 money move to make now
Workers are miserable these days Getty Images/iStockphoto Nearly 1 in 5 workers reports being miserable at work, according to Gallup’s recent “State of the Global Workplace: 2022.” And a global study ...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
A day after the Dow DJIA, -0.11% climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stocks look ready to rethink on that optimsim, even after fresh inflation data showed ...
‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?
Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor fam...
Hardship withdrawals from 401(k)s reach ‘concerning’ all-time high, Vanguard says
Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of the approxima...
Snowflake stock drops after sales forecast that CFO admits is ‘conservative’
Shares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their...
The Dow ‘exits’ bear-market territory. Here’s why investors should take it with a grain of salt
After outperforming both the S&P 500 and Nasdaq Composite in November, the Dow Jones Industrial Average has exited bear-market territory, based on oft-cited criteria, on the final trading day of t...
Sam Bankman-Fried’s FTX roadshow goes on: 10 crazy things he’s just said
Sam Bankman-Fried sure isn’t going quietly into the night. With his crypto empire in ruins, numerous federal probes and years of litigation hanging over his head, the FTX founder has counter-intuitive...
Okta stock jumps 15%, CEO promises profit as sales reps get on same page
Okta Inc. executives on Wednesday said they will report an adjusted profit in the fourth quarter and, in a surprise, predicted profitability for all of next fiscal year, trumping profit concerns stemm...
Costco stock falls more than 3% after pace of monthly sales slows, e-commerce sales decline 10%
Costco Wholesale Corp. COST, +1.95% shares dropped more than 3% in the extended session Wednesday after the retailer said its November sales rose 5.7% to $19.17 billion, following a 7.7% rise in Octob...
Dow ends over 700 points higher to exit bear market after Powell signals smaller interest-rate hikes ahead
U.S. stocks finished sharply higher on Wednesday, with the Dow Jones Industrial Average rising over 700 points to technically exit a bear market, after Federal Reserve Chairman Powell said the central...
Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse
The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surpris...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
Here’s why the smart money is betting on value stocks to outperform growth
You should be skeptical of the growth story that periodically captures stock investors’ attention. That’s because the companies that Wall Street believes will grow the fastest in the future rarely liv...