Top Financial News provided by CBS Marketwatch©
- : Tyre Nichols, George Floyd and police brutality: Time for a public-union reckoning?Police unions are top of mind, says Philip Howard, but all labor organizing within the public sector—teachers and transit workers included—needs rethinking.
- Key Words: California reparations push needs to be a ‘game-changer,’ author of bill says California Secretary of State Shirley Weber spoke to the state's groundbreaking reparations task force Friday at the beginning of a meeting in San Diego.
- Earnings Outlook: AMD earnings face even more scrutiny after ‘astonishingly bad’ Intel outlookAdvanced Micro Devices Inc. gets to show Wall Street in the coming week if it "certainly" did end 2022 in a better place.
- : S&P downgrades Bed Bath & Beyond, says beleaguered retailer has ‘insufficient funds’ to repay its financial obligations“We expect the company will experience a general default and pursue a comprehensive debt restructuring,” says S&P Global Ratings.
- : Tech stocks are having their best January in decades — here’s why that may not be a good signTechnology stocks are on quite a tear to start 2023, but that could actually be an ominous signal.
- The Ratings Game: American Express stock enjoys best day since 2020 after earnings show strong spending in holiday quarterAmerican Express Co. exceeded $50 billion in annual revenue last year, buoyed by continued strong spending levels among its customer base
- Market Snapshot: U.S. stocks end higher, tech-heavy Nasdaq scores fourth straight week of gains as Fed meeting loomsU.S. stocks end higher, with the technology-heavy Nasdaq Composite leading the way up, as investors assessed fresh inflation data.
- The Moneyist: ‘We just want this to be settled’: My sister-in-law emptied my late mother-in-law’s home. How do we stop our family from pillaging her estate?‘Do we, given that we are family, have a legal right to access the home? And if there is no outstanding loan on the car, can it be released?’
- In One Chart: How to get a 6% return in bonds this year, according to GuggenheimThis straightforward strategy could get investors a return of nearly 6% in the bond market this year, according to Guggenheim Partners.
- : ‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costsFed watchers expect another 25 basis point rate increase next week.
Police unions are top of mind, says Philip Howard, but all labor organizing within the public sector—teachers and transit workers included—needs rethinking.
California Secretary of State Shirley Weber spoke to the state's groundbreaking reparations task force Friday at the beginning of a meeting in San Diego.
Advanced Micro Devices Inc. gets to show Wall Street in the coming week if it "certainly" did end 2022 in a better place.
“We expect the company will experience a general default and pursue a comprehensive debt restructuring,” says S&P Global Ratings.
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal.
American Express Co. exceeded $50 billion in annual revenue last year, buoyed by continued strong spending levels among its customer base
U.S. stocks end higher, with the technology-heavy Nasdaq Composite leading the way up, as investors assessed fresh inflation data.
‘Do we, given that we are family, have a legal right to access the home? And if there is no outstanding loan on the car, can it be released?’
This straightforward strategy could get investors a return of nearly 6% in the bond market this year, according to Guggenheim Partners.
Fed watchers expect another 25 basis point rate increase next week.
Wall Street Journal Market News©
- DOJ Seeks to Ban Bankman-Fried From Contacting FTX EmployeesProsecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case.
- Follow the Heard on the Street PicksSee the best ideas from our columnists as they compete to find the winning stock.
- The Spending American Express Should Worry About Is Its OwnThe company has gotten a boost from its push toward the highest tier of spenders, but now it needs to show more progress on cost control.
- Tesla Has Become One of the Hottest Stock-Option Trades on Wall StreetTraders have spent $700 billion on options tied to the electric-vehicle maker over the past 13 months.
- Stocks Finish Higher as Investors Weigh Latest Inflation DataCorporate earnings continued to drive outsize moves, with Intel weakening.
- Intel's Leap of Faith Turns Into a LurchThe chipmaker’s expensive turnaround plan has run headlong into a historic sales slump.
- Goldman Sachs Cut CEO David Solomon's Pay to $25 MillionThe Wall Street firm’s chief executive took a nearly 30% pay cut for a year in which corporate deal-making slowed down, hurting Goldman’s profit.
- Selloff in Adani Stocks Wipes Out $47 Billion in Market ValueFive of the seven listed Adani Group companies ended 16% to 20% lower, hit by a short seller’s allegations of fraud involving the Indian conglomerate.
- Breit Flows Aren't the Be-All, End-All for BlackstoneBase management fees, a key source of strength for the firm, continue to grow.
- Louis Vuitton's Owner Is Still Reading China's Tea LeavesThe French luxury company reported record sales in 2022 thanks to American spending, but it’s too early to say if China will follow.
- Chinese Education Stocks Gain After Post-Crackdown Business OverhaulsThe companies—which were forced to exit their main business lines, lay off employees and close learning centers—have ventured into selling fresh produce and more nonacademic tutoring.
- Don't Blame Covid for the Worker ShortageThe ranks of American workers are thinning—often because people aged out of the workforce, or never entered it. Their absence could impede the economy’s ability to grow, and make for a less prosperous future.
- Blackstone Net Income Falls as Firm Misses Asset TargetThe investment firm reported net income of $557.9 million during the fourth quarter, compared with $1.4 billion a year earlier.
- Stripe Sets One-Year Timetable to Decide on Going PublicThe fintech startup hired Goldman Sachs and JPMorgan to advise it on a direct listing or a private-market transaction involving employees’ shares.
- Wells Fargo Chief Made $24.5 Million Last YearCharles Scharf was eligible for his full target pay of $27 million but turned down a raise.
- Elliott Prepares to Nominate Slate of Directors at SalesforceThe activist investor has made a multibillion-dollar investment in Salesforce and is having conversations with numerous technology executives as well as those with other industry backgrounds.
- Gold Prices Rally to Start the YearThe most-actively traded futures contract have risen almost 20% from September low.
- Stocks Rise With Economic Data, Earnings in FocusThe S&P 500 climbed 1.1% as investors dug into a slate of economic-data releases. Tesla shares jumped 11%.
- Bankers, Executives Pay Up for Wall Street Texting ScandalMorgan Stanley and JPMorgan are making employees share the pain of regulatory fines for the improper use of messaging apps.
- Valero Can Keep Pumping ProfitsAmerican refiners had an exceptional 2022. Low natural gas prices and a Russian product ban show conditions still look favorable.
Prosecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case.
See the best ideas from our columnists as they compete to find the winning stock.
The company has gotten a boost from its push toward the highest tier of spenders, but now it needs to show more progress on cost control.
Traders have spent $700 billion on options tied to the electric-vehicle maker over the past 13 months.
Corporate earnings continued to drive outsize moves, with Intel weakening.
The chipmaker’s expensive turnaround plan has run headlong into a historic sales slump.
The Wall Street firm’s chief executive took a nearly 30% pay cut for a year in which corporate deal-making slowed down, hurting Goldman’s profit.
Five of the seven listed Adani Group companies ended 16% to 20% lower, hit by a short seller’s allegations of fraud involving the Indian conglomerate.
Base management fees, a key source of strength for the firm, continue to grow.
The French luxury company reported record sales in 2022 thanks to American spending, but it’s too early to say if China will follow.
The companies—which were forced to exit their main business lines, lay off employees and close learning centers—have ventured into selling fresh produce and more nonacademic tutoring.
The ranks of American workers are thinning—often because people aged out of the workforce, or never entered it. Their absence could impede the economy’s ability to grow, and make for a less prosperous future.
The investment firm reported net income of $557.9 million during the fourth quarter, compared with $1.4 billion a year earlier.
The fintech startup hired Goldman Sachs and JPMorgan to advise it on a direct listing or a private-market transaction involving employees’ shares.
Charles Scharf was eligible for his full target pay of $27 million but turned down a raise.
The activist investor has made a multibillion-dollar investment in Salesforce and is having conversations with numerous technology executives as well as those with other industry backgrounds.
The most-actively traded futures contract have risen almost 20% from September low.
The S&P 500 climbed 1.1% as investors dug into a slate of economic-data releases. Tesla shares jumped 11%.
Morgan Stanley and JPMorgan are making employees share the pain of regulatory fines for the improper use of messaging apps.
American refiners had an exceptional 2022. Low natural gas prices and a Russian product ban show conditions still look favorable.
Saturday 