Shares of Bausch Health Companies Inc. BHC, -41.24% suffered a near-record plunge of 50.3% in volatile afternoon trading Thursday before a trading halt, after Bloomberg reported that some of the drug ...
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Stock market’s post-Fed bounce is a ‘trap,’ warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinc...
Plug Power, Fuel Cell and solar stocks soar after Manchin changes course to back climate spending
Shares of clean energy companies soared Thursday, after Democratic Sen. Joe Manchin pulled an about-face and agreed to an economic bill that includes climate spending. “Details of the bill are n...
Tilray swings to loss on impairment charge but revenue beats analyst target
Tilray Brands Inc. TLRY, +6.44% shares fell 1.5% in premarket trades Thursday after the cannabis company said it swung to a fourth-quarter loss of $457.8 million, or 90 cents a share, from net income ...
Paramount stock drops after bearish call by Goldman Sachs
Goldman Sachs weighed in with a skeptical view of Paramount Global Inc. Tuesday, writing that the current economic backdrop could complicate the media company’s streaming objectives. “We have not chan...
Here’s what’s in, and out, of Democrats’ $739 billion inflation-fighting package
WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer,...
Exxon, Chevron earnings preview: Oil giants under the microscope as profit booms
Exxon Mobil Corp. and Chevron Corp. are scheduled to report second-quarter earnings on Friday before the bell as their booming profits and revenue remain under increased scrutiny and rising costs and ...
Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a major loss
The husband of House Speaker Nancy Pelosi sold more than $4 million worth of shares in software and computer-chip company Nvidia NVDA, +7.60% this week, publicly available financial disclosures show. ...
Surprise? How the stock market has reacted on day of each Fed rate hike in 2022
The Federal Reserve’s strategy of supersize interest rate hikes gets much of the blame for triggering a bear market in stocks in 2022, but investors might be surprised by a look back at how equites ha...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...
The Fed will cut rates next year, says BofA. Here’s what will happen to Treasurys.
All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the fast pace of monetary tightening with another 75 basis-point hike in borrowing costs. But even...
What I learned when I took a corporate job after 20 years of working for myself
When I was 30, I quit my job as a lawyer to become a freelance writer, following a dream I’d had since I was a kid. At the time, I had sold two articles to magazines (Cosmopolitan and Bride’s) and bui...
Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending
Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unea...
Microsoft stock jumps after ‘shockingly robust’ forecast calls for continued strong cloud growth
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an even greater shock than expected when executives revised their g...
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
‘We get hundreds of thousands of dollars in royalties’: My late father left his investments to me and my sister, but gave me more than 50%. My sister wants half. What should I do?
Dear Quentin, My sister is two years older than me. We both are married and have incomes in the low six figures, and our husbands have similar earnings. When she was in her 20s, my sister and her husb...
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on millions of doll...
Will you outlive your 401(k)? New rules calculating lifetime income have some flaws.
You probably have money saved up for retirement in a 401(k) plan, but do you have any idea how long that money will last? Or how much it would provide each month in retirement? Probably not — until no...
Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’
Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope of getting their...
Ford, GM earnings preview: Will 2022 outlooks be intact?
General Motors Co. and Ford Motor Co. are scheduled to report second-quarter earnings on Tuesday and Wednesday, with investors worried about their guidance for the year amid fears of a recession. GM G...
Microsoft earnings: It’s the forecast that matters, so be patient
The most important financial news Microsoft Corp. executives will provide Tuesday requires a bit of a wait. Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after ...
EV maker Faraday Future postpones EV launch as it seeks more cash from investors
Faraday Future Intelligent Electric Inc. FFIE, -11.54% said in a filing late Monday it continues “discussions and negotiations” with unnamed potential investors to raise more money to fund...
15 quality dividend stocks that you can buy on sale right now
John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says “whether it is socks or stocks, we like to buy quality merchandise that is marked down.” And 2022 ...