Tag: financial market news

It has been a quarter to forget for two of the megacap tech giants, Netflix and Facebook parent Meta Platforms. The 34% decline for Meta FB was its worst on record — the 30% drop in the third quarter ...

As Oil Briefly Dips Below $100, Russia and Europe Play a Game of Chicken

U.S. oil prices briefly dipped below $100 barrel Friday, as President Joe Biden’s plan to release one million barrels a day of reserves began to have the desired effect. But it’s premature to start th...

Home Builders Are the Cheapest Stocks Around. Is It Time to Buy?

Construction workers on a Toll Brothers home in Boca Raton, Fla. Toll and other home builders currently trade near book value. Joe Raedle/Getty Images Text size The housing market is still robust, but...

These 3 Energy Companies Should Buy Back Stock, Analyst Says

Text size High oil prices have left producers awash in cash. Spencer Platt/Getty Images Oil-and-gas companies are pumping out billions of dollars in cash because of high commodity prices. Many of them...

Tesla Deliveries Met Wall Street Estimates. Here’s What Comes Next for Shares.

Tesla reported first-quarter deliveries in line with expectations. Here, new Tesla cars sit in front of a Tesla dealership in Corte Madera, Calif., last year. Justin Sullivan/Getty Images Text size Te...

Restarting Keystone XL construction ‘wouldn’t actually increase supply’ of oil: top Biden adviser

“‘Any action on Keystone wouldn’t actually increase supply, and it would transmit oil years in the future.’” — National Economic Council Director Brian Deese That’s the White House’s top economic advi...

U.S. corn and soybean stocks rise, but corn plantings forecast cut: USDA

Corn futures climbed Thursday after reports from the U.S. Department of Agriculture on Thursday revealed higher U.S. corn and soybean stocks, along with a lower forecast for this year’s planted corn a...

Dollar’s dominance could get diluted by sanctions against Russia, IMF official tells Financial Times

The dollar’s dominance within the international monetary system is at risk of undergoing a gradual “fragmentation” as a result of financial sanctions being imposed on Russia, Gita Gopinath, the Intern...

Bitcoin

Bitcoin could reach $1.3 million in this scenario, VanEck says

Bitcoin could reach a price of $1.3 million while gold may top $31,000 per ounce, if the assets become the sole reserve asset across the globe, respectively, according to a new report. As the U.S. an...

Opinion: I’ve always pounded the table on revolutionary companies. Now I’ve found myself buying Intel’s stock

04/01/2022

This may be a surprise for those of you who have been following me on MarketWatch, as I have focused on finding Revolutionary companies early on and holding on to them, usually forever. Intel is a com...

Bitcoin Ethereum

Ethereum’s major upgrade is coming. Should you be more bullish on it than bitcoin?

04/01/2022

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...

Opinion: How to retire well — even if you’re not rich

04/01/2022

Unquestionably, the best time to retire is after you have saved up more money than you will ever need. But not everybody can do that. If you are one of those people, then this article is for you. In o...

Intel CEO Gelsinger’s reaps near-$180 million windfall from ‘significant magnitude’ of new-hire awards

Pat Gelsinger had a very, very good year in 2021. He started the year as VMware Inc.’s VMW, -2.00% chief executive officer, where he took in total compensation of $16.5 million during the fiscal year ...

Biden says latest Strategic Petroleum Reserve release could cut gas prices 10 to 35 cents per gallon — but some experts worry about long-term costs

President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...

Kremlin demands rubles for gas, leaves currency loophole

Russian President Vladimir Putin issued a decree Thursday demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank, t...

These 10 stocks have fallen at least 20% this year, but are expected to soar up to 66% from here

It sure has been a wild ride for investors over the past few weeks, with the benchmark S&P 500 rising 10% from March 8 through March 30. But the broader stock market is still down for 2022. Below ...

Opinion: How to make your money last in retirement

Lots of research has been done on the best way to generate retirement income. It’s one of the most popular financial topics. I think this popularity is driven by two things: its obvious importance—and...

Bitcoin Crypto

Bitcoin Prices Steady After Crypto Heist. A Prominent Whale Is Getting Bigger.

Text size Bitcoin prices have held onto recent gains. Rutmer Visser/Dreamstime Bitcoin and other cryptocurrencies were mostly steady on Wednesday, holding onto recent gains and shaking off pressure on...

Treasuries Are Getting Crushed. It Might Continue for a Long Time.

Text size Photograph by Alex Wong/Getty Images The price of Treasury bonds has plummeted recently. That could be just the start of a painful road ahead for bond investors. The price of bonds decline ...

Opinion: The Dow, S&P 500 and Nasdaq have now suffered a ‘death cross’ — here’s why this could resurrect them

03/30/2022

Reports of the U.S. stock market’s death appear to be greatly exaggerated. I’m referring to the dreaded “death cross” that has now appeared in the price charts of the three major U.S. stock market ave...

A key part of the Treasury yield curve has finally inverted, setting off recession warning — here’s what investors need to know

03/30/2022

A closely watched measure of the yield curve that serves as one of the bond market’s most reliable recession indicators inverted on Tuesday, underlining fears about the economic outlook as the Federal...

Target Prices for Ford and GM Are Slipping. Tesla Is Holding Up Better.

Text size The assembly line at a General Motors plant in Michigan, in 2012. Bill Pugliano/Getty Images Wall Street is taking a less upbeat view of the stock-price outlook for General Motors and Ford M...

S&P 500 set to exit correction: What history says happens next to stock-market benchmark

The S&P 500 index exited market-correction territory Tuesday, a move that has tended to point to near- and medium-term gains for the U.S. large-cap benchmark in the past. The S&P 500 SPX, +1.2...

Defense Stocks Take a Hit on U.S. Defense Spending Request

Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...

Phillips 66 and Other Underperforming Energy Stocks That Might Be Worth a Look

Text size Storage tanks at the Phillips 66 refinery in Rodeo, Calif. Refiners have not reaped the same benefits as oil producers in the past year. Justin Sullivan/Getty Images Energy stocks have been ...

This ‘potentially poisonous mix’ means forget about buying the dip in stocks, says Neuberger CIO

The threat of high inflation, climbing rates and sputtering growth could turn into a “potentially poisonous mix” for stocks, prompting a new underweight call for equities by Erik Knutzen, chief invest...

Bitcoin

Coinbase Stock Is Popping. What a Rally in Bitcoin Means.

Stock in the cryptocurrency exchange Coinbase surged on Monday, rallying alongside Bitcoin, ether, and other digital assets. Analysts see more room for gains. Coinbase (ticker: COIN) shares jumped 7% ...

Boeing’s 737 MAX 10 Faces Delays. It Might Not Be a Major Problem.

Text size A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images Boeing stock is lower Monday morning. The company’s regulatory woes might be creating another overhang in the shares. The new iss...

‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank

Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking...

Get ready for $900 billion of stock purchases this year, says Goldman Sachs. Here’s who’s buying.

Wall Street is looking a little less surefooted as a new week begins, with oil sliding as fresh COVID lockdowns in China adding to a hefty worry pile. Bonds continue to slump as well. But maybe don’t ...

The Stock Market Has Been Ripping. 3 Reasons It Can Keep Gaining.

Text size Higher oil prices are adding to the inflation that is forcing the Fed to raise interest rates. Here, an oil pump jack in Texas. Joe Raedle/Getty Images It might seem like a head-scratcher th...

Opinion: Russia just made a case for owning gold—and nobody noticed