Oil futures fall 10% for week as China’s COVID worries darken demand picture

Oil futures logged their second straight weekly declines, pressured as a resurgence of COVID-19 worries clouded the energy demand picture, and broader markets kept eyes on a hawkish Federal Reserve. U...

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going...

Apple Issues iPhone Supply Warning. But the Real Issue Is Demand.

Big Tech just can’t catch a break. After a dismal earnings season, in which Apple was one of the only bright sparks, the tech giant offered up its own bad news Sunday. Apple said Covid restrictions in...

Alibaba and Other Chinese Stocks Are Rallying Again. Why It Doesn’t Make Sense.

Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Cov...

Pfizer’s Earnings Are Tuesday. What to Watch.

Pfizer is set to report its earnings on Tuesday, a week and a half after an executive told investors that the company was considering a list price for its Covid-19 vaccine of between $110 and $130 per...

An American Helped Build a Business Inside China. Clients Want Him to Leave.

It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling too...

Intel stock up 20% to best trading day since COVID-19 pandemic’s first days

Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned cost cuts and layoffs encouraged investors that have withstood shri...

Why investors are fleeing Chinese assets as Xi tightens grip on power

China’s top leader, Xi Jinping, secured a groundbreaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists in a clean sweep not seen since the er...

Moderna Stock Takes Off on Cancer Vaccine News

Moderna stock shot up after Merck said it is exercising an option to work on a personalized cancer vaccine with the Covid-19 vaccine maker. Merck (ticker: MRK) will pay Moderna (MRNA) $250 million for...

Cruise Stocks Don’t Lead to Buried Treasure

Cruise-line stocks have been taking on water since Covid-19 hit, but lately investors have really abandoned ship. Hovering over $6 a share, Carnival stock hasn’t been this cheap since Boyz II Men, TLC...

Sticking with your Medicare plan this open enrollment season? You could pay a hefty price.

Even Medicare beneficiaries happy with their plans should take the opportunity this open enrollment season to comparison shop — and review their current coverage.  Medicare’s annual open enrollment pe...

Nikola Founder Trevor Milton Hangs Legal Defense on Expert Testimony

Updated Oct. 4, 2022 3:02 pm ET Listen to article (2 minutes) Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard profes...

An Alzheimer’s Drug’s Big Surprise: What It Means

Until this past week, there seemed to be no answers to the Alzheimer’s puzzle. The leading theory of the disease, that it was caused by a buildup of beta amyloid plaque in the brain, had been disprove...

‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023

Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession.  “I will be...

Carnival Stock Sinks as Discounting Dings Earnings

Sept. 30, 2022 12:44 pm ET Listen to article (2 minutes) Carnival shares lost more than a fifth of their value Friday as the cruise giant struggled to win over travelers without offering discounts. Ca...

Micron forecast expected to shed light on how two years of unprecedented supply problems may resolve

Micron Technology Inc. investors are hoping the memory-chip maker’s forecast will provide more color into the unprecedented supply-and-demand dynamics created by two years of COVID-19-related disrupti...

6 in 10 people with credit-card debt say they’ve owed money for at least a year

Nearly half of all credit-card users say they’re carrying debt each month — and 60% of people with credit-card debt have owed money for at least a year, according to a new report from Bankrate’s Credi...

Buy Eli Lilly Stock. Its Obesity Drug Mounjaro Will Be a Hit, Analyst Says.

Text size Eli Lily said in August that initial demand for Mounjaro was strong. Daniel Acker/Bloomberg Eli Lilly’s novel treatment for diabetes and obesity could become one of history’s bestselling dru...

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 ...

Autism Can Be a Growth Market, if Investors Help It Scale

Text size The Disability Opportunity Fund, Autism Impact Fund, the Difference Fund, and Divergent Ventures are just a few funds committed to investing in the autism and intellectual- or developmental-...

Chinese E-Commerce Companies Suffer as Economy Sours

Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...

3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits

3M Co. stock tumbled 9.5% on Friday, pacing the Dow Jones Industrial Average’s steep decline after reports indicated that a bankruptcy judge blocked a request from 3M that would have shielded the comp...

Guitar cases and tissue boxes stuffed with cash: Yoga guru charged with not paying taxes while raking in $20 million

The leaders of a national chain of yoga centers that offered classes for free or for small cash donations, have been hit with major tax fraud charges for allegedly failing to pay any taxes for nearly ...

U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs

U.S. companies are bringing workforces and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report...

Axsome Stock Is Flying as Fast-Acting Depression Drug Wins FDA Approval

Text size The decision on the drug came a bit less than a year after the FDA’s self-imposed deadline on making a call had passed. Dreamstime The Food and Drug Administration issued a long-awaite...

Serena Williams pushes Selena Gomez’s startup to $100 million valuation

In the same Vogue feature where Serena Williams announced her possible retirement after the U.S. Open, the tennis star said she’ll continue to prioritize investment in women-owned businesses.  Days la...

Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners

After two years of unprecedented chip sales and demand related to the COVID-19 pandemic, a long-feared reversal has struck the semiconductor industry, but some markets are still performing strongly — ...

Pfizer, Moderna Take Different Paths as Vaccine Boom Ends

Pfizer is trying to add $25 billion to its 2030 revenue through acquisitions. Dan Kitwood – WPA Pool/Getty Images Text size Pfizer ’s $5.4 billion deal to acquire the biotech Global Blood Therap...

Novavax slashes sales guidance in half, stock plunges 34%

Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% n...

Carvana rivals’ stocks plunge after earnings

While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller’s smaller rivals were not as fortunate Monday. CarGurus Inc. CARG, +0.12% and Vr...

Opinion: Step aside, FAANMGs. This new crop of tech companies are the ones to watch for the next decade.

Investors have had a change of heart after selling technology stocks for the better part of eight months.   There has been a trend reversal after bellwether tech companies reported earnings for the mo...