Top Financial News provided by CBS Marketwatch©
- Dispatches from a Pandemic: The Great Resistance is here. Companies and employees are in a battle of wills over returning to the office.‘I’m very outspoken about my desire to never work in an office again,’ one such worker tells MarketWatch.
- : Snap stock falls 30% after Snapchat parent says it will miss estimates due to deteriorating economySnap Inc. stock fell more than 20% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than anticipated.”
- The Moneyist: ‘I’m really upset’: I borrowed $10,000 from my brother with a $200-a-month payment plan. We fell out, and now he wants the money back in full‘We are now communicating through our sister.’
- : Social Security antifraud program imposed steep fines on elderly, disabled and poor people: reportAn investigation is being launched by the acting Social Security commissioner, the Washington Post reported
- : Airbnb hosts use income from the platform to pay for food, rent and mortgages — but these 3 U.S. states are more lucrative than othersHosts in the U.S. earned a median income from hosting of $13,800 in 2021, up 85% since 2019.
- The New York Post: ‘Apparently my 2 yr old knows how to order DoorDash’: Texas toddler shocks mom by ordering 31 cheeseburgers from McDonald’sThe lunch tab came to $91.70 including a $16 tip.
- What's Worth Streaming: Here’s everything new coming to HBO Max in June 2022 — and what’s leavingA new season of ‘Westworld,’ remakes of ‘Irma Vep’ and ‘Father of the Bride’ and a ton of movies are on tap.
- The Tell: When will stocks find a bottom? Treasury rates need a footing first, says this strategistIt’s ‘Finance 101 stuff’ that Treasury rates need to stabilize before it’s possible to gauge if U.S. equities have hit bottom, according to DataTrek Research.
- Earnings Results: Zoom stock walks back initial surge following earnings beat, improved profit forecastZoom Video shares soared after hours Monday after the company topped Wall Street earnings expectations and said it expects to be more profitable this year.
- Outside the Box: ‘I feel like I am reliving the summer of 2008.’ Strategist David Rosenberg sees bear market sinking the S&P 500 to 3,300‘Inflation is going to melt in the coming year’ and the U.S. economy will slide into recession.
‘I’m very outspoken about my desire to never work in an office again,’ one such worker tells MarketWatch.
Snap Inc. stock fell more than 20% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than anticipated.”
‘We are now communicating through our sister.’
An investigation is being launched by the acting Social Security commissioner, the Washington Post reported
Hosts in the U.S. earned a median income from hosting of $13,800 in 2021, up 85% since 2019.
The lunch tab came to $91.70 including a $16 tip.
A new season of ‘Westworld,’ remakes of ‘Irma Vep’ and ‘Father of the Bride’ and a ton of movies are on tap.
It’s ‘Finance 101 stuff’ that Treasury rates need to stabilize before it’s possible to gauge if U.S. equities have hit bottom, according to DataTrek Research.
Zoom Video shares soared after hours Monday after the company topped Wall Street earnings expectations and said it expects to be more profitable this year.
‘Inflation is going to melt in the coming year’ and the U.S. economy will slide into recession.
Wall Street Journal Market News©
- Shale Drillers Are Pumping Out Dividends Instead of More Oil and GasCompensation plans that once paid executives to boost output now encourage cost cuts and shareholder returns, despite the jump in energy prices.
- JPMorgan Says U.S. Consumers Are Doing Just FineThe leaders of America’s largest bank expect credit losses to remain low due to higher cash balances.
- Didi Says It Will Proceed With Delisting From NYSEThe Chinese ride-hailing giant secured approval from its shareholders to delist, as it seeks to resolve a cybersecurity probe in China.
- Stocks End Higher After Nearing Bear MarketU.S. stock indexes climbed as the S&P 500 moved away from bear-market territory after flirting with such levels in a volatile trading session Friday.
- VMware May Test Broadcom's Code for Software BuysThe acquisition would be its biggest move yet in software—but could alter the chip company’s playbook.
- Bonds' Descent Stalls Amid Stock TurmoilTreasury yields stabilize as investors worry about an economic slowdown and seek safe assets.
- Everything You Need to Know About I BondsInflation-adjusted U.S. savings bonds provide a guaranteed interest rate that soon will rise to nearly 10%. We untangle the rules and strategies for making the most of them.
- JPMorgan Gives Reassurance Investors NeededThe bank’s stock surged after it boosted its forecast for net interest income this year, but further gains might be tougher to come by.
- Siemens Energy Picks a Good Time to Take Wind Turbines PrivateThe German energy company has made a long-awaited offer for the minority shares in its embattled subsidiary Siemens Gamesa Renewable Energy.
- SEC Fines BNY Mellon Over ESG ClaimsThe Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon Corp. $1.5 million for misleading claims it made about funds that use environmental and social criteria to pick stocks.
- Firm Run by Adviser to Obamas Gets Backing From BDTThe investment gives the merchant bank a nonvoting minority stake Pendulum Holdings, a firm founded to advise and provide capital to companies founded by people of color.
- HSBC Suspends Executive for Climate CommentsThe remarks made by Stuart Kirk have drawn criticism from the bank’s CEO and environmental activists.
- It's Treasure-Hunt Season for Off-Price RetailWhat this year’s selling conditions will be like for retailers such as T.J. Maxx and Ross Stores are hard to predict, but the buying environment is starting to look very favorable.
- The Airbnb of Wall Street Wants to Free Up Trapped Bank CapitalCapitolis, backed by JPMorgan and Silicon Valley, is using investor money to help banks do more lending and trading.
- Dell Might Be Tech's Cheap Dark HorsePC sales are slowing from their pandemic boom. But Dell’s sharp focus on the corporate market is helping it pick up share.
- The Stock Market's Drop Is Hitting Many 401(k)s Harder This TimeTarget-date funds, a popular option in the retirement-savings accounts, are more heavily invested in stocks than investors might think.
- Your Next Uber Could Be the BusThe slow pace at which ride volumes have recovered from their pandemic depths is the latest sign the industry might not become as pervasive as once hoped.
- A Near-Retiree Wants to Maximize His Social Security. Here's Some Advice.The nurse and educator considers returning to the private sector to boost his earnings potential.
- Conditions Are Ripe for a Deep Bear MarketWithout investors starting to see a way through challenges and policy markets starting to help, any bear-market rallies aren’t likely to last. This would further damage confidence.
- Stock Market Bottom Remains ElusiveHistory shows markets have long stumped strategists trying to predict when downturns would end.
Compensation plans that once paid executives to boost output now encourage cost cuts and shareholder returns, despite the jump in energy prices.
The leaders of America’s largest bank expect credit losses to remain low due to higher cash balances.
The Chinese ride-hailing giant secured approval from its shareholders to delist, as it seeks to resolve a cybersecurity probe in China.
U.S. stock indexes climbed as the S&P 500 moved away from bear-market territory after flirting with such levels in a volatile trading session Friday.
The acquisition would be its biggest move yet in software—but could alter the chip company’s playbook.
Treasury yields stabilize as investors worry about an economic slowdown and seek safe assets.
Inflation-adjusted U.S. savings bonds provide a guaranteed interest rate that soon will rise to nearly 10%. We untangle the rules and strategies for making the most of them.
The bank’s stock surged after it boosted its forecast for net interest income this year, but further gains might be tougher to come by.
The German energy company has made a long-awaited offer for the minority shares in its embattled subsidiary Siemens Gamesa Renewable Energy.
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon Corp. $1.5 million for misleading claims it made about funds that use environmental and social criteria to pick stocks.
The investment gives the merchant bank a nonvoting minority stake Pendulum Holdings, a firm founded to advise and provide capital to companies founded by people of color.
The remarks made by Stuart Kirk have drawn criticism from the bank’s CEO and environmental activists.
What this year’s selling conditions will be like for retailers such as T.J. Maxx and Ross Stores are hard to predict, but the buying environment is starting to look very favorable.
Capitolis, backed by JPMorgan and Silicon Valley, is using investor money to help banks do more lending and trading.
PC sales are slowing from their pandemic boom. But Dell’s sharp focus on the corporate market is helping it pick up share.
Target-date funds, a popular option in the retirement-savings accounts, are more heavily invested in stocks than investors might think.
The slow pace at which ride volumes have recovered from their pandemic depths is the latest sign the industry might not become as pervasive as once hoped.
The nurse and educator considers returning to the private sector to boost his earnings potential.
Without investors starting to see a way through challenges and policy markets starting to help, any bear-market rallies aren’t likely to last. This would further damage confidence.
History shows markets have long stumped strategists trying to predict when downturns would end.
Monday 