Treasury Secretary Janet Yellen said yesterday that “it’s amazing how pessimistic” Americans are about the economy, “given that we have the strongest labor market we’ve had in the entire postwar perio...
Tag: Corporate
Softer Housing Sales Are Hammering Demand for Lumber
Inflation and rising mortgage costs are putting a dent in the housing market, which is hurting lumber demand. Frederic J. Brown/AFP/Getty Images Text size You can almost hear the sound of falling lumb...
Oil-stock trade is ‘too obvious,’ says this fund manager, who expects a pullback in prices
(Updates original story with Tuttle’s purchase of additional shares of OXY in last paragraph.) Investors’ memories can be short. The same can be said for those of stock traders. Matthew Tuttle sees th...
DocuSign Stock Tumbles on Cut to Outlook
Text size DocuSign reported fiscal first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard/Bloomberg DocuSign (ticker: DOCU) shares are sharply lower in late trading Thurs...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse
Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy and fertilizer pr...
Novavax’s New Covid-19 Vaccine Might Be Late to the Party
It’s one thing to arrive fashionably late to a party, it’s another thing to waltz in when the last guests are stumbling out the door. For Novavax , which on Tuesday cleared a key step toward U.S. Food...
Kohl’s Suitor Wants to Buy the Chain by Selling Kohl’s Properties
Kohl’s beat back activists and is in talks to be sold for around $8 billion. But its suitor could bring a new set of challenges for the department-store chain. Franchise Group which owns the Vitamin S...
Western Digital Said It Would Consider Breaking in Two. Its Stock Is Dropping.
Text size Activist investor Elliott Management says that Western Digital’s flash memory business alone could be worth as much as the whole company now. Dreamstime Western Digital stock, after an...
Consider a portfolio of 100% stocks if you’re at least 10 years from retirement
This year’s stock market isn’t what it seems. “It wasn’t supposed to be this way!” That’s the refrain from many investors who are looking at a U.S. stock market SPX, -1.08% decline so far this year of...
Altria Stock Gets Downgraded by Morgan Stanley. Gas Prices Are Partly to Blame.
Text size Analyst Pamela Kaufman lowered her price target to $50 from $54. Illustration by Joel Arbaje Altria Group stock fell Wednesday after Morgan Stanley warned of increasing headwinds to the ciga...
Intel Bear Case Coming ‘Even Earlier’ Than Expected. Analyst Remains Neutral.
Text size Intel Dreamstime Shares of Intel were falling Wednesday as Citi said its bear-case scenario was “taking shape even earlier” than expected. Analyst Christopher Danely reiterated a Neutral rat...
‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed
When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had aske...
Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up
After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...
I lived in motels and ‘forgot to live’: I’m 48, have almost $900,000 and want to retire next year. What can I do?
I am 48 years old, single and have lived in various states and done diverse jobs. Genetically, I foresee my life span being around 20 more years, as I lost my parents at a very young age. In this 15 ...
My parents-in-law sold their home and bought an RV. They have $200K in the bank. How can they protect their assets from being used for nursing-home costs?
My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check....
Costco discussing membership rate hikes after renewals hit 90%
Costco Wholesale Corp. is talking over membership fee hikes after reporting an all-time renewal rate high of 90%. The last time Costco raised its membership fee was in June 2017. Historically, fees ri...
Target Inventory Warning Portends Retail Bloodbath
Target ’s inventory problem is turning out even worse than it expected just a short time ago. Its latest warning could portend a promotional bloodbath among retailers this summer. The retailer on Tues...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
Exxon Gets an Upgrade, but Analyst Takes ‘Chips Off Table’ for 2 Other Oil Stocks
Text size Gas prices are displayed on a pump at an Exxon gas station in Washington, DC, on May 24, 2022. Stefani Reynolds / AFP via Getty Images Energy stocks have emerged winners in this period of vo...
3 Reasons AMD’s Analyst Day Will Be ‘Transformative’
Text size AMD will hold its analyst day on June 9, 2022. Courtesy AMD Advanced Micro Devices will continue its strong performance after meeting or exceeding all targets for the past two years, Piper S...
As You Sow Uses KPIs And Data To Help Shareholders Advocate For Long-Term Corporate Change
Andrew Behar, CEO of As You Sow, moderates an ESG Advisory & Auditing Panel at the Berkeley Haas ESG … [+] Accounting Conference Jim Block “Shareholder activism” is the term that traditional...
‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)
I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...