Updated Sept. 15, 2022 5:42 pm ET Listen to article (2 minutes) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes...
Tag: Corporate
FedEx stock tanks nearly 15% after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 15% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and ...
PayPal’s New CFO Takes Leave of Absence
Text size PayPal is in the midst of a turnaround after the company was forced to retreat from some of its more ambitious growth goals earlier this year. Justin Sullivan/Getty Images PayPal ’s new chie...
What will people do after getting $10,000 or $20,000 in student debt forgiven? MarketWatch asked readers — here’s the No. 1 answer.
Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
Tesla spent 864 days as Wall Street’s biggest short bet. Now it’s Apple.
A previous version of this piece incorrectly reported Apple’s and Tesla’s market caps. Apple Inc. is now Wall Street’s biggest short bet, displacing Tesla Inc., which had held the title nonstop since ...
Verizon is ‘not going to throw away money’ to woo consumers with cheaper phones, CEO says
In a competitive market for wireless deals, Verizon Communications Inc.’s chief executive says the company is “not going to throw away money” on promotions. The company recently rolled out its deals f...
SWIFT’s New Blockchain Pilot Project Aims to Drive Efficiency Around Corporate Events
Leading secure financial messaging system SWIFT is testing out blockchain in a pilot project with fintech company Symbiont Inc. Previously, SWIFT explored ways how to enter the central bank digital cu...
Moderna Stock Surges. China Would Be a Big Market.
Text size Moderna stock has gotten a boost from the CEO’s comments about China. Photo by Justin Sullivan/Getty Images Moderna ’s Covid-19 vaccine has been wildly successful, but its stock has be...
The next financial crisis may already be brewing, but not where many expect
A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitativ...
XPeng Stock Is About to Go Higher, Says Analyst
Text size XPeng stock can gain in coming months, according to Deutsche Bank analyst Edison Yu. Hector Retamal/AFP via Getty Images Sometimes timing is everything. And Deutsche Bank believes now is the...
PayPal is ‘clearly now at a turning point,’ its CEO says
“It’s an uncertain macroeconomic environment, but I think we finally got the guidance right, and we’re executing against that.” — PayPal CEO Dan Schulman Pandemic darling PayPal Holdings Inc. PYPL, -2...
Inflation Hit the Stock Market. These Stocks Could Benefit From Rising Prices.
Text size *** ONE-TIME USE *** John Deere tractors Justin Sullivan/Getty Images Inflation doesn’t want to go away—and the stock market is reeling. Some stocks, though, could benefit if inflation remai...
Taiwan Semiconductor Is a Top Pick in a Weak Chip Market, Says Analyst
Text size The Taiwan Semiconductor Manufacturing building in Taichung, Taiwan. I-Hwa Cheng/Bloomberg Bernstein believes investors should look through any immediate hiccups and focus on Taiwan Semicond...
Seagate Warns Disk Drive Demand Continues to Erode
Text size Seagate has been hurt by weakening demand for its disk drives in China, among other places. Dreamstime Seagate Technology continues to see weakening demand across the disk-drive business, CE...
These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout
A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tighte...
Tesla Talks About a Lower-Priced Car. When It’s Coming.
Text size If it wasn’t for lousy inflation data, Tesla bulls might be feeling very happy with the company. Getty Images Tesla stock is down with the rest of the market on a bad day for stocks. T...
The biggest Fed rate hike in 40 years? It could be coming next week.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a k...
U.S. inflation roars back in August, CPI shows, despite falling gas prices
The numbers: Falling gas price delivered a second low U.S. inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also showed inflation has spread more broa...
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
AT&T CEO says Wall Street critics are wrong about the company’s promotions
““We are actually gaining customers in a lot of different places and a lot of different ways, and there isn’t any single answer to it. And I know folks want to continue to go back and say, well, it’s...
Western Digital CEO Warns Of Sharp Decline In NAND Memory Business
Text size Western Digital CEO David Goeckeler said the company has seen a sharp erosion in pricing for NAND flash memory based storage over the last month. Dreamstime Western Digital has seen business...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half
Short selling is a trading technique that gets especially popular during bear markets in stocks. Short selling — or betting on a decline in prices — can come to the fore if investors suspect a company...