““We’ve experienced energy shocks, food shocks, supply shocks, persistent inflation in many countries around the world, rising interests rates in many parts of the world and we have seen some financia...
Tag: article_normal
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...
AT&T’s ‘far simpler story’ and ‘solid’ dividend earn stock an upgrade
Not long ago, Verizon Communications Inc. was winning praise for its simple story, while AT&T Inc. sparked concerns with its hodgepodge of wireless, satellite and media businesses. Nowadays, thing...
This hedge fund manager who made winning bets in 2020, says investors should brace for a decades-long bear market
On the heels of last week’s bullish turn for stocks, the setup is looking slightly less positive for Monday. Hong Kong stocks may be affecting the mood with a giant slump after China’s leader cemented...
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth moderation to continu...
Schlumberger changes name to SLB with focus on decarbonization
Schlumberger Ltd. SLB, +10.33% said Monday it has changed its name to SLB to underscore its shift from an oil services company to a business focused on decarbonized energy. The new name affirms SLB...
Nio stock dives below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy wil...
EV sales are getting hotter, these are the cars catching up to Tesla
Americans bought more than 200,000 electric cars in the third quarter — a first. Electric car sales grew faster than any other segment of the auto industry. Americans bought 67% more electric cars in ...
Philips to cut 4,000 jobs ‘immediately’ after bigger-than-expected loss
Royal Philips NL, +3.00% PHIA, -3.97% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announ...
U.S. stock futures surge after Wall Street’s best week since June
U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.62% jumped more than 200 points, or 0.7%, on Su...
These money and investing tips can steady your portfolio in this shaky market
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS ‘They can actually derisk thei...
Oil prices post a weekly gain, but natural-gas futures fall more than 20% for the week
Oil futures climbed on Friday to post a gain for the week, but natural-gas futures fell sharply for the session to end the week more than 20% lower. “The Biden administration introduced an ̵...
Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far.
So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, +2.37% and Nasdaq Composite CO...
IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.
America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Inter...
‘Mounting fear is that something else will break along the way’: Stock-market investors look ahead to PCE inflation data amid Fed overtightening worries
Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred...
Oil ends higher; natural gas prices post a weekly loss of more than 20%
Oil futures ended higher on Friday, while natural-gas futures extended their losses into a sixth-consecutive session to end the week with a loss of more than 20%. Price action West Texas Intermediate ...
Ford already ‘bit the proverbial bullet’ ahead of earnings, but GM results could go either way
Ford Motor Co.’s third-quarter earnings report shouldn’t be too dramatic since the company already warned about rising costs and inventory problems, but General Motors Co.’s report could be a differen...
AT&T stock has its best week since 2000: ‘There is at least a plausible case for optimism’
Shares of AT&T Inc. recorded their best weekly performance since 2000 after the telecommunications company offered some reassurance to Wall Street with its latest earnings report. AT&T’s stock...
Do you have problems with the IRS — or does the IRS have a problem with you? Read this before you act.
How do you deal with a problem like the Internal Revenue Service? And how do you deal with your own tax problems as they pertain to the IRS? To be clear, I’m not talking about major problems like righ...
Dow jumps almost 750 points as stocks end higher, bond yields fall after reports Fed may shift to smaller rate hikes after November
U.S. stocks closed sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller i...
Amazon earnings: ‘The good news is the consumer is still spending. The bad news is they’re not spending on e-commerce.’
Money is still flowing despite concerns about the economy, but Wall Street is wondering how much of that money is being spent on Amazon.com Inc. “The good news is the consumer is still spending,” D.A....
IRS sets new 401(k) limits — investors can save a lot more money in 2023
People can contribute up to $22,500 in 401(k) accounts and $6,500 in IRAs in 2023, the IRS said Friday. For 401(k)s, that’s an almost 10% increase from 2022’s contribution limit of $20,500. For IRAs, ...
Microsoft earnings on deck amid layoffs, recession fears: What to expect
Microsoft, which is laying off nearly 1,000 workers across multiple divisions, reports its fiscal first-quarter results after market close on Oct. 25. With fears of a recession looming, Axios and Busi...
What’s needed for stocks to rally is capitulation, but that could come from unexpected sources, strategist says
It’s the end of what felt like another very choppy week in stocks. And yet the S&P 500 SPX, +0.36% is in line to start the final session only about 1% or so below last Friday’s close. Uncertainty ...
Tenet Healthcare stock drops more than 20% on poor outlook
Tenet Healthcare Corp. THC, -0.26% shares dropped in the extended session Thursday after the hospital operator forecast an outlook that came up short of Wall Street expectations while announcing a sha...
These 27 stocks can give you a more diversified portfolio than the S&P 500 — and that’s a key advantage right now
You probably already know that because of market-capitalization weighting, a broad index such as the S&P 500 SPX, -0.80% can be concentrated in a handful of stocks. Index funds are popular for goo...
New IRS tax brackets and standard deduction could save families hundreds or even thousands of dollars. Now, for the bad news.
In a time of rising costs, the Internal Revenue Service just raised income-tax brackets through new inflation adjustments for next year. It might feel tough sometimes to link the IRS with the concept ...
Why the housing market should brace for double-digit mortgage rates in 2023
Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of ...
Elon Musk plans deep layoffs of 75% at Twitter: report
Tesla Inc. TSLA, -6.65% Chief Executive Elon Musk plans deep cuts at Twitter Inc. TWTR, +1.18% should he end up with the embattled company, according to a report in The Washington Post on Thursday. Th...
Intel earnings: Layoffs and margin pressure could overshadow Mobileye IPO
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initia...