Intel reportedly to start ‘targeted’ layoffs in November

Intel Corp. is planning on announcing “targeted” layoffs in November, according to a report late Thursday, citing an internal video shared with employees. After the close of markets Thursday, The Oreg...

‘Mass layoffs’ of Meta bus drivers lead to pleas for Facebook to bring workers back to the office

Protesters on Thursday urged Meta Platforms Inc. to call its Silicon Valley-based engineers and other employees back to the office, after Facebook’s parent company continued to dismiss service workers...

Workers are disengaged from their jobs — but don’t blame remote work. The real cause lies elsewhere.

Worker disengagement is increasing no matter where a person does their job, whether that’s in the office, at home, or a hybrid of both. And just because people are showing up to the job in person, it ...

Wall Street is driving explosive swings in stocks by embracing a trading strategy popularized by the Reddit crowd

Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal, but back in the world of high finance professional traders have adopted one of their signatu...

‘Fragile’ Treasury market is at risk of ‘large scale forced selling’ or surprise that leads to breakdown, BofA says

The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the so...

Vanguard ‘not confident’ U.S. Treasury rates have peaked after painful bond-market losses. Why ‘risk-reward profiles’ still appear more attractive across fixed income

U.S. Treasury rates may have yet to peak after surging this year, but higher yields have made bonds more attractive in tumultuous markets as investors face a likely recession next year, according to V...

Annoyed by ‘curt and almost dismissive’ Elon Musk, one Wall Street analyst sees cracks emerging in Tesla

While some on Wall Street appeared to take disappointing Tesla Inc. results in stride, one analyst was ringing alarm bells over Elon Musk’s “bold” predictions and his “almost dismissive” attitude towa...

UBS has released its annual house-price bubble report. Here are the most overvalued markets.

The housing market is in something of its own recession as mortgage rates have surged. If the economist consensus is right about an existing home sales report due later in the morning, then sales will...

Warren Buffett purchased more than 20 million shares of this stock in 2022. And it has a 133% return. But can that growth sustain?

“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes,” Warren Buffett once wrote wrote in a letter to shareholders. Great performance and stocks may seem...

Super Micro Computer shares jump 17% on raised Q1 guidance

Super Micro Computer Inc. SMCI, +13.03% shares jumped 17% to $64.88 in after-hours trading Wednesday after the company issued preliminary financial information for the first quarter above its prior gu...

How to save a bundle on your tax return

This is Part Two of our list of suggested year-end strategies. Part 1 discusses gaming the federal standard deduction, and managing capital gains and losses. The tax environment is getting friendlier ...

Nokia posts forecast-beating net profit

Nokia Corp. on Thursday posted a forecast-beating third-quarter net profit as demand for mobile networks and network infrastructure remained strong and supply-chain constraints eased. Nokia NOK, -1.94...

Buffett’s Berkshire Hathaway closes $11.6 billion purchase of Alleghany insurance group

OMAHA, Neb. — Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March wil...

Have the bond vigilantes who attacked the U.K. killed off modern monetary theory? MMT proponent Stephanie Kelton says that’s nonsense.

As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by ...

Stock-market selloff may mean another 20% drop for S&P 500, says Wall Street veteran

“‘I generally believe that rates are going to continue to go higher and inflation is not going to come down as much as expected.’” — Thomas Peterffy, chairman and founder of Interactive Brokers Thomas...

Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls

Tesla Inc. Chief Executive Elon Musk suggested the electric-vehicle maker could repurchase up to $10 billion worth of its stock Wednesday, as shares declined following a third-quarter revenue miss and...

Generac stock rocked after profit warning due to weakness in home generator business

Shares of Generac Holdings Inc. suffered a record selloff on Wednesday after the manufacturer of home generators and solar equipment issued an earnings warning and cut its growth outlook, citing press...

Piedmont Lithium receives $141.7 million DOE grant, as stock has rocketed over 60% in 3 months

This replaces an earlier item that reported incorrect year-to-date share gains for Piedmont Lithium and Livent. It has been corrected. Shares of Piedmont Lithium Inc. PLL, +12.16% charged up 11.5% in ...

Generac stock tumbles toward 2-year low after big profit and sales misses, lowered outlook

Shares of Generac Holdings Inc. GNRC, -24.32% sank 10.7% toward a more than two-year low in premarket trading Wednesday, after the maker of home and industrial power systems reported third-quarter pro...

Want to get richer? You may need to stop looking at saving money like this, and start viewing it like this instead

While some experts say saving aggressively, early and often, is the best way to prepare for retirement, many economists suggest “savings rates should on average be low or negative early in life, high ...

Netflix will crack down on password sharing next year — here’s how it will work

Netflix Inc. executives on Tuesday detailed their plans to crack down on users sharing their accounts on the streaming service, which is expected to arrive early next year. In a letter to shareholders...

Why stock market investors should wait for the 10-year Treasury to ‘blink’

When a key part of the U.S. bond market starts shrugging off new Federal Reserve interest rate hikes or tough talk on inflation, it’s probably time to buy stocks, according to James Paulsen, the Leuth...

This U.S. pension plan faces a bigger crisis than the U.K.’s

Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of turmoil is “unlikely,” it says. We can only add...

Carnival Corp. announces offering of $1.25 billion of high-yield bonds due 2028

Carnival Corp. & plc CCL, +10.44% said Tuesday that its Carnival Holdings (Bermuda) Ltd. has commenced an offering of $1.25 billion of senior priority high-yield bonds that mature in 2028. Proceed...

Retirement can mean a loss of identity — how to bring happiness to your next act

For many people transitioning into retirement, the famous lines from the start of “A Chorus Line” resonate: “Who am I anyway? Am I my résumé? That is a picture of a person I don’t know!” Struggling wi...

Want to keep beating the S&P 500 and at much lower risk? Bet on Buffett, and perhaps this younger clone, says fund manager.

Optimism from a bullish start to the week is set to spill over into Tuesday’s session, with stock futures tearing higher. That’s as Goldman Sachs — and Netflix later — will keep the earnings ball roll...

FuboTV stock rallies after outlook hiked, sports-betting business dropped

FuboTV Inc. shares rallied in the extended session Monday after the streaming TV platform hiked its sales forecast for the third quarter, said it was dropping its sports-betting businesses and reaffir...

Where Goldman says investors should be looking for bargains. Hint: the S&P 500 is too expensive

The S&P 500 index has declined by 22.7% year to date, but strategists at Goldman Sachs think it’s still too expensive.  The large-cap index started the year with a price-to-earnings (P/E) ratio of...

‘Material risk’ looms over stocks as investors face bear market’s ‘second act’

Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Morgan Stanley Weal...

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...

Can AT&T earnings help stop the stock’s ‘bleeding’?

Telecommunications names are usually seen as defensive in periods of economic stress, but that hasn’t played out recently. Can AT&T Inc.’s upcoming earnings report help change the tone? AT&T’s...