Top Financial News provided by CBS Marketwatch©
- Economic Report: U.S. economy revs up a bit in October after delta speed bump, IHS findsThe large service side of the U.S. economy grew faster in October after hitting a delta speed bump a month earlier and manufacturers also expanded rapidly even in the face of worsening supply bottlenecks.
- Where Should I Retire?: Forget Colombia’s violent past — these Americans live ‘a very comfortable’ life outside Medellín on $4,000 a monthThis adventure-seeking couple has lived in Panama, Colombia and is eyeing Spain in a few years.
- Economic Report: The U.S. may be falling into recession. Here’s why, this ex-central banker saysIs the U.S. headed for another recession or already in one?
- Best New Ideas in Money: How a change to a crucial piece of stock-market ‘plumbing’ could help all investorsMomentum builds for speeding up the settlement process after the meme-stock fiasco
- : As Democrats’ tax proposals evolve, the outlook for the super-rich is improvingThe Biden administration hopes it can seal a deal soon on its social safety net program
- Best New Ideas in Money: The radical idea on college campuses: Using endowments to help students and staff in crisisWhat’s the purpose of a university endowment? The pandemic raised the stakes for this question.
- : ‘The story of this family is the story of American capitalism’: Broadway’s ‘Lehman Trilogy’ tells of financial success and failureThe hit play chronicles the history of Lehman Brothers, and warns of what happens when markets become too complex
- Earnings Results: American Express sees consumer spending recovery as earnings easily top expectationsAmerican Express Co. topped earnings and revenue estimates Friday as the company benefited from an acceleration in consumer spending and saw further recovery in the travel and entertainment categories that had been hit hard earlier in the pandemic.
- The Margin: Swipe those fears: looking at COVID memes may be helping you cope with pandemic stressResearch suggests these funny images aren’t so frivolous after all
- : Biogen’s new Alzheimer’s treatment had ‘potentially the worst drug launch of all time,’ analyst saysA Wall Street analyst described the launch of Biogen’s new Alzheimer’s disease drug as 'potentially the worst drug launch of all time,' and others are also unimpressed.
The large service side of the U.S. economy grew faster in October after hitting a delta speed bump a month earlier and manufacturers also expanded rapidly even in the face of worsening supply bottlenecks.
This adventure-seeking couple has lived in Panama, Colombia and is eyeing Spain in a few years.
Is the U.S. headed for another recession or already in one?
Momentum builds for speeding up the settlement process after the meme-stock fiasco
The Biden administration hopes it can seal a deal soon on its social safety net program
What’s the purpose of a university endowment? The pandemic raised the stakes for this question.
The hit play chronicles the history of Lehman Brothers, and warns of what happens when markets become too complex
American Express Co. topped earnings and revenue estimates Friday as the company benefited from an acceleration in consumer spending and saw further recovery in the travel and entertainment categories that had been hit hard earlier in the pandemic.
Research suggests these funny images aren’t so frivolous after all
A Wall Street analyst described the launch of Biogen’s new Alzheimer’s disease drug as 'potentially the worst drug launch of all time,' and others are also unimpressed.
Wall Street Journal Market News©
- Stock Futures Hover After S&P 500 RecordU.S. stock futures paused, suggesting the S&P 500 would hover close to its record level, amid earnings from American Express and other companies.
- Trump Social-Media SPAC Poised for Second Day of Huge GainsShares of a blank-check company that is taking former President Donald Trump’s new social network public surged in premarket trading after more than quadrupling on Thursday.
- DWAC, Snap, Intel, Mattel: What to Watch When the Stock Market Opens TodayDonald Trump’s social-media SPAC was extending its surge premarket; Snap shares plunged after its earnings report.
- China's Biggest Mall Manager Plans Hong Kong ListingThe unit of Chinese conglomerate Dalian Wanda was valued at $28 billion in a recent fundraising round.
- Instacart Needs to Ring Up Grocers in StoreTo compete against the likes of Amazon.com in grocery shopping, Instacart must smartly serve retailers, both in store and out.
- Intel Gets the Bad News Out EarlyThe chip maker’s early warning of a gross margin hit allows it to focus on revival, but questions remain.
- Santa Claus Is Coming---But He'll Skip Some StoresAmericans have big shopping lists but face emptier shelves and less help this shopping season amid supply-chain and hiring woes.
- Investors Bet Inflation Pressures Will LingerA key measure of investors’ inflation expectations has climbed in recent weeks, adding fuel to concerns about lasting pressures on consumer prices.
- What to Do About the Rising Cost of Home InsuranceWith lumber prices and other costs soaring, and natural disasters wreaking havoc across the U.S., insurers are boosting home-insurance premiums. But you may be able to spend money now to save money later.
- Natural Gas Prices Drop From Recent PeakNatural-gas prices have shed 19% since hitting a 13-year high earlier this month, reversing some of a run-up that has prompted fears of exorbitant heating bills and higher manufacturing costs at a time of already high prices.
- Evergrande Makes Overdue Payment, State Media SaysThe unexpected payment to international bondholders allows the struggling Chinese property giant to stave off what threatens to spiral into the biggest corporate default in Asia.
- Snap Can Win Social Media's Squid GameThe Snapchat owner’s results may have disappointed investors—shares lost almost a quarter of their value afterward—but its platform could still prove a comparative winner amid a challenging backdrop.
- DWAC, the Trump Social-Media SPAC, QuadruplesInvestors piled into shares of the special-purpose acquisition company taking former President Donald Trump’s new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year.
- Western Digital-Kioxia Deal Talks StallThe steady drop in Western Digital’s share price since June was a factor that cooled merger discussions.
- S&P 500 Edges Higher to RecordThe S&P 500 inched ahead to a record close, continuing a weekslong upward march driven by strong corporate earnings and optimistic numbers on the labor market.
- PayPal Stock Falls After News of Pinterest TalksShares slipped for a second day, a sign investors have doubts about the potential deal. The decline in PayPal’s shares could make pulling off a transaction harder given that much of the consideration would be its own stock.
- Blackstone's Profit Nearly DoublesBlackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion into fast-growing new business lines.
- Blackstone Can Deal With Rising RatesAlternative asset managers have been big beneficiaries of low rates and surging market values, but their upswing could continue even if those things don’t.
- Barclays Profit Rises on Investment BankingThe London-based lender said its net profit more than doubled in the third quarter, driven by a continued strong performance at its investment bank.
- Wireless Carriers Are Winning 5G Customers for the Wrong ReasonAT&T and Verizon’s heavy promotions have lead to booming growth, but the value of next-gen networks to users remains unclear.
U.S. stock futures paused, suggesting the S&P 500 would hover close to its record level, amid earnings from American Express and other companies.
Shares of a blank-check company that is taking former President Donald Trump’s new social network public surged in premarket trading after more than quadrupling on Thursday.
Donald Trump’s social-media SPAC was extending its surge premarket; Snap shares plunged after its earnings report.
The unit of Chinese conglomerate Dalian Wanda was valued at $28 billion in a recent fundraising round.
To compete against the likes of Amazon.com in grocery shopping, Instacart must smartly serve retailers, both in store and out.
The chip maker’s early warning of a gross margin hit allows it to focus on revival, but questions remain.
Americans have big shopping lists but face emptier shelves and less help this shopping season amid supply-chain and hiring woes.
A key measure of investors’ inflation expectations has climbed in recent weeks, adding fuel to concerns about lasting pressures on consumer prices.
With lumber prices and other costs soaring, and natural disasters wreaking havoc across the U.S., insurers are boosting home-insurance premiums. But you may be able to spend money now to save money later.
Natural-gas prices have shed 19% since hitting a 13-year high earlier this month, reversing some of a run-up that has prompted fears of exorbitant heating bills and higher manufacturing costs at a time of already high prices.
The unexpected payment to international bondholders allows the struggling Chinese property giant to stave off what threatens to spiral into the biggest corporate default in Asia.
The Snapchat owner’s results may have disappointed investors—shares lost almost a quarter of their value afterward—but its platform could still prove a comparative winner amid a challenging backdrop.
Investors piled into shares of the special-purpose acquisition company taking former President Donald Trump’s new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year.
The steady drop in Western Digital’s share price since June was a factor that cooled merger discussions.
The S&P 500 inched ahead to a record close, continuing a weekslong upward march driven by strong corporate earnings and optimistic numbers on the labor market.
Shares slipped for a second day, a sign investors have doubts about the potential deal. The decline in PayPal’s shares could make pulling off a transaction harder given that much of the consideration would be its own stock.
Blackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion into fast-growing new business lines.
Alternative asset managers have been big beneficiaries of low rates and surging market values, but their upswing could continue even if those things don’t.
The London-based lender said its net profit more than doubled in the third quarter, driven by a continued strong performance at its investment bank.
AT&T and Verizon’s heavy promotions have lead to booming growth, but the value of next-gen networks to users remains unclear.
