There was no shortage of beaten-down stocks in 2022, with the Russell 1000 index down 20% as high inflation caused market disarray. But some of those shares—that have strong fundamentals—could be big ...
Tag: Corporate/Industrial News
Exxon, Diamondback, and Coterra Stock Could Continue to Rally
U.S. energy stocks outperformed every other sector in the market in 2021 and 2022. That sets up a key test this year of the industry’s staying power. Not since 2010 has energy outperformed the broader...
Mercedes and Other European Car Markers Are Aiming for Tesla
Mercedes-Benz Group more than doubled sales of battery electric vehicles this past year. That’s just a start. The company, and its European peers, want to sell a lot more. Tesla had better pay attenti...
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in ...
Sotera Health to pay $408 million to settlement allegations in Illinois
Shares of Sotera Health Co. SHC, +102.20% soared 57% in premarket trading on Tuesday after the company said it will pay $408 million to settle more than 870 million legal cases in Illinois. Sotera own...
CVS eyes next-generation health clinics after Amazon’s move for One Medical
CVS Health Corp. is investing in a young chain of health clinics, and may be looking to acquire another. CVS CVS, -0.12% invested $100 million in a Carbon Health Inc., a San Francisco-based chain of u...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
Keurig K-Cup settlement: Today’s the final day to join the $10 million lawsuit
If you have been making your morning cup of coffee using the popular Keurig KDP, -0.63% pods, aka K-Cups, then you may be entitled to some money. The beverage giant recently agreed to settle a class-a...
Novavax’s stock rallies after the company names new CEO
Shares of Novavax Inc. NVAX, +11.25% were up about 9% in trading on Monday after the company said John Jacobs will take over as president and CEO on Jan. 23. Jacobs, the former president and CEO of Ha...
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one ...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
European drugmakers including AstraZeneca pony up for U.S.-listed biopharmas
European drugmakers on Monday announced a trio of deals around a billion dollars each to buy U.S.-listed biopharmas at hefty premiums. Anglo-Swedish AstraZeneca AZN, +1.42% AZN, -1.26% said it’s pay...
The Dow takes ‘important first step’ toward a new bull market
Don’t dis the Dow Jones Industrial Average just because it’s made up of only 30 stocks, because if the stock market bounces back from last year’s selloff, it’ll be the Dow that leads it. With the Dow ...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
These money and investing tips can keep you afloat if stocks circle the drain
Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How the Dow’s start to the new year affects the stock market’s 2023 return Many r...
FTC’s proposed ban on noncompete agreements could have biggest impact on tech industry
Ryan Morrissey is a serial founder of software companies, having already launched three separate startups. Yet when he sold one of those companies, he had to sign an agreement to not start any more fo...
Could Apple WiFi chips just be a ploy to get a better deal from Broadcom?
Broadcom Inc. shares fell Tuesday following reports that Apple Inc. was working on its own radiofrequency (RF) chips, but one analyst wondered whether those plans would get shelved if the chip maker o...