Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
Tag: Political/General News
Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman
Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix ...
Schwab Is Sending Out Settlement Checks. Here’s What to Know.
Clients of Charles Schwab ‘s robo-advisor have begun receiving distribution checks from a settlement the company reached with the Securities and Exchange Commission in summer 2022. Hundreds of thousa...
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in ...
Biden administration unveils sweeping changes to student loan repayment
The future of the Biden administration’s student debt-relief plan currently rests with the Supreme Court, but in the meantime, officials are moving forward with sweeping reform that could have an even...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
Keurig K-Cup settlement: Today’s the final day to join the $10 million lawsuit
If you have been making your morning cup of coffee using the popular Keurig KDP, -0.63% pods, aka K-Cups, then you may be entitled to some money. The beverage giant recently agreed to settle a class-a...
‘It feels like I’m holding two full-time jobs:’ I’m 65, retired and have a $2K pension. I own rental properties, but they’re stressful to maintain. Should I keep them or sell?
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benef...
Suze Orman says to be ‘very, very careful’ before you do this — but for some people it can be a savvy money move
Suze Orman has a message about HELOCs: “Please be very, very careful if you are considering borrowing against the equity in your home. It is very risky.” Anna Webber/Getty Images Home equity lines of ...
8 places you may earn between 3%-7% or more on your money right now (and psst: some have guaranteed returns)
Where exactly should you put money to — at least somewhat — stave off inflation? We asked certified financial planners and experts to share their thoughts. Getty Images Though inflation has cooled a b...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
These money and investing tips can keep you afloat if stocks circle the drain
Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How the Dow’s start to the new year affects the stock market’s 2023 return Many r...
Brazil’s New President Sends Stocks Tumbling. Bonds Could Be a Buy.
Investors brimmed with optimism when Luiz Inácio Lula da Silva was elected Brazil’s president on Oct. 30, returning to power after two prior terms in 2003 to 2011. It didn’t last. The iShares MSCI Bra...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Cisco layoffs begin with hundreds of job cuts in California and more expected
Cisco Systems Inc. has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley last month, according to filings with the state of California this week. Cisco executives announced...
It’s Pharma Time: Why Merck and Lilly Stock Are Buys, but not Pfizer.
My 2023 biotech outlook calls for continued momentum in name changes. I just need to figure out what the stocks will do. Last year, Respira Technologies became Qnovia. It’s run by a former tobacco exe...
AbbVie cuts earnings forecast due to milestone payments
AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and milestone p...
Turning 72 or 73 this year? Here’s what to do about your required minimum distributions
Anyone turning 72 years old in 2023 is getting a birthday present from Congress – one more year to push back their required minimum distributions from their retirement accounts. As part of the Secure...
Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Rev...
Opinion: Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
No one likes taxes, but everyone loves a sale. So the idea of a major blowout on Roth conversions in 2023 — a limited time offer, no less — might make it enticing to pay taxes now to avoid them in the...
XPeng stock falls after J.P. Morgan says stop buying
Shares of XPeng Inc. fell Wednesday, after J.P. Morgan backed away from its bullish call on the China-based electric vehicle maker, saying the COVID-related reopening trade has been overdone. Analyst ...