Get ready for the state of the metaverse address. Meta Platforms CEO Mark Zuckerberg will deliver the keynote talk for this year’s edition of the company’s annual Meta Connect developer event, which ...
Tag: SYND
Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure ...
Two Fed Officials Make Case for Caution With Future Interest Rate Raises
Two Federal Reserve officials began laying out a case for exercising caution in raising interest rates after policy makers last month telegraphed plans to continue lifting rates at their fastest pace ...
Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions
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Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
Brace for Mortgage Rates to Climb Higher After the Jobs Report
Text size A housing development in Pearland, Texas. Brandon Bell/Getty Images The rising cost of buying a home has cooled the market this year. In a roundabout way, Friday’s jobs report will add to ho...
Not Ready to Go Full EV? Some Car Companies Bet Bigger on Hybrids
Demand for hybrid vehicles is hot, reinforcing the view from Toyota Motor Corp. and other auto makers that the gas-electric approach will play an important role even as the industry races toward fully...
Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit
Bank of America closed the door on its last major litigation over mortgage bonds that were at the heart of the financial crisis of 2008. The Charlotte, N.C., bank said Friday it would pay $1.84 billio...
These Growth Stocks Have Beaten the Market. Why It Can Continue.
The stock market has tumbled recently, but growth stocks have finally stopped getting hit the hardest. Subtle shifts in the broader investing environment are responsible. The Russell 2000 index of sm...
PVC Prices Are Falling. Why Warren Buffett Should Be Worried.
One thing leads to the other. Rising interest rates pummel housing. Lumber prices fall, some 60% this year. And, notes energy research firm and investment bank Tudor Pickering Holt, PVC—the plastic th...
Oil Prices Set for Biggest Weekly Increase Since March Following OPEC Cut
Oil prices on Friday were on track for their biggest weekly increase since March, as OPEC’s planned production cut heightened tension with the U.S. government over energy supplies heading into winter....
Memory Chip Makers Struggle With Declines in Demand, Price
Listen to article (2 minutes) The pandemic boom in memory chips is on pause. A decline in prices in recent months has led the biggest memory players—including Samsung Electronics and Micron Technology...
Bank Stocks Have Gotten Slammed. Here Are 4 Worth a Look Ahead of Earnings.
Another bank earnings season is coming upon us, and no one is feeling too excited. Yet excitement isn’t what makes stocks like Citizens Financial Group and M&T Bank attractive. Make no mistake, ba...
How to Make Peace With Your Stock Market Losses
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Robert Toll, Who Headed Luxury Homebuilder Toll Brothers, Dies at 81
Robert Toll, who built Toll Brothers into the country’s largest luxury homebuilder and brought a founder’s passion to the business, died Friday at age 81 after suffering from Parkinson’s disease The e...
UBS’ Solita Marcelli: Why I’m Optimistic About the Market
The financial headlines have been gloomy all year, but Solita Marcelli sees reason for optimism, in part because stock valuations have fallen so far. “Price/earnings multiples are back in line with lo...
Polestar Reported Strong EV Deliveries. Why the Stock Fell.
The latest delivery results from Polestar Automotive look solid, while the outlook for deliveries is even better. Investors seemed to be pleased before the September jobs number tanked the stock marke...
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
Why Are My Inflation-Protected Bonds Falling When Inflation Is So High?
Listen to article (1 minute) You would think this would be TIPS’ time to shine. Instead, the prices of Treasury inflation-protected securities—government bonds that are adjusted to keep up with inflat...
Exxon Mobil Won’t Comment on Report It Is Exploring Deal for Denbury
Denbury’s stock jumped on Monday afternoon after a report said Exxon Mobil was considering a takeover of the oil-recovery specialist, but the oil giant said it wouldn’t comment on speculation. Bloombe...