Text size U.S. crude oil inventory levels still remain 5% below the five-year average for this time of year. Brandon Bell/Getty Images It isn’t just high oil prices, but Americans working from home th...
Tag: Corporate
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
Here’s the sector most at risk from Russia permanently shutting off gas to Germany — and it’s taking a tumble
There are few companies with more at stake from Russian natural-gas flows into Germany than the chemicals sector. Shares of chemicals companies including BASF BAS, +2.61%, Lanxess LXS, +3.77% and Cove...
Celsius Owes Users More Than $4.7 Billion
Celsius Network LLC has a roughly $1.2 billion hole in its balance sheet, with the majority of its liabilities owed to the cryptocurrency lender’s users, according to a Thursday filing by Chief Execut...
The Wing CEO Exits After Five Months in Top Job
The chief executive of women-focused co-working company the Wing, Jen Cho, has left the company after fewer than six months in the role. Ms. Cho declined to comment on her reasons for leaving the comp...
Qualcomm Is a Top Stock Pick on Valuation, Says J.P. Morgan
Text size Qualcomm headquarters in San Diego. Bing Guan/Bloomberg J.P. Morgan believes semiconductor company Qualcomm is getting too cheap to ignore. On Thursday, analyst Samik Chatterjee reiterated h...
‘I just wake up and cry’: Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms
Yotsy Ruiz recently bought his first ever crypto hardware wallet — a Nano X from Ledger. He is transferring all his crypto holdings that he can still move to the small physical device which looks like...
California Truckers Struggle to Comply With New Employment Law
Trucking companies and truck owner-operators are scrambling to figure out how to operate under a new California law that toughens definitions of nonemployee drivers, upending decadeslong practices tha...
AT&T Stock Is a Buy Ahead of Earnings, Analyst Says
Text size ATT said in June it expected higher margins in the second half of the year. Dreamstime AT&T stock remains a Buy at Citi ahead of the company’s first earnings report since separating from...
Taiwan Semi Boosts Revenue Forecast After Topping Earnings Estimates
Text size Photograph by Sam Yeh/AFP/Getty Images Strong demand from auto makers and consumer goods giants helped Taiwan Semiconductor Manufacturing raise revenue forecasts for the year and beat second...
Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock
Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of...
JPMorgan Earnings Are Coming. What to Expect.
Text size Analysts expect JPMorgan Chase’s earnings to drop nearly 25% year over year. David Paul Morris/Bloomberg Another bank earnings season is upon us. JPMorgan Chase will step up to the pla...
Unity to Buy IronSource for $4.4 Billion. IronSource Stock Surges, Unity Slumps.
Text size Wall Street seems to think the merger is a good deal for IronSource stock, which surged. Angela WeissAFP/Getty Images Unity Software will take over IronSource in an all-stock $4.4 billion me...
Stock market faces inflation test Wednesday: Here are ‘good, bad and ugly’ scenarios
Expectation for U.S. inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New Yo...
Endo Moving Toward Bankruptcy Filing Without Opioid Settlement Deal
Endo International PLC is moving toward a bankruptcy filing, potentially setting off intense conflicts with state and local governments that have sued the pharmaceuticals company for its alleged role ...
Tesla Is Doing to Car Makers What Apple Did to Nokia. Will History Repeat?
Text size Volkswagen’s software delays underscore why Tesla will be so hard to catch, according to one analyst. Sean Gallup/Getty Images Tesla is disrupting the car business, a little like how A...
Peloton is ‘one of the worst examples of corporate greed’: Eva Ados
Peloton Interactive Inc (NASDAQ: PTON) down 75% from its year-to-date high is “not” a buy, says Eva Ados. She’s the Chief Investment Strategist at ERShares. Ados blasts the management at Peloton Inter...
Nvidia Stock-Price Cuts Pile Up as Street Worries Over Gaming, Crypto Risks
Text size An Nvidia GeForce RTX 3060 Ti gaming graphics card. Courtesy of Nvidia Wall Street analysts are falling over themselves slashing their projections for Nvidia. In April, Barron’s cautioned in...
We have 25 years until retirement and are saving 25% of our income — are we doing it right? And are we saving too much?
My wife, 33, and I, 40, have our own 403(b)s, Roth accounts (maxing their contributions this year for the first time) and pensions as part of our retirement plan. My wife contributes 14% of her pay t...
Opinion: ‘I see buying opportunities.’ How this stock trader with 40 years of experience makes money in a bear market
Howard Kornstein, a professional trader with more than 40 years’ experience in stocks, options and futures, developed and fine-tuned his strategies while facing every imaginable market environment. He...