“” — Shirley Weber, California secretary of state, addressing the Reparations Task Force California Secretary of State Shirley Weber, who wrote the legislation that established the state’s groundbreaking reparations task force as a state assemblywoman, made that plea Friday to the panel at the beginning of a two-day meeting in San Diego. Weber’s Assembly Bill … Read more
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 … Read more
S&P Global Ratings downgraded Bed Bath & Beyond Inc.’s credit Friday, a day after the beleaguered retailer said it was in default on loans that have been called in. The default filing sent Bed Bath & Beyond’s BBBY, +1.19% stock plunging, although it rallied to end Friday’s session up 1.2%, outpacing the S&P 500 Index’s … Read more
Advanced Micro Devices Inc. gets to show Wall Street if it “certainly” ended 2022 in a better place, after the price of clearing inventory helped gut results from rival Intel Corp. AMD AMD, +0.32% is scheduled to report earnings after the close of markets on Tuesday. AMD Chief Executive Lisa Su said three months ago … Read more
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb from four-decade highs. One quarter of people said they would rely on credit cards and have to gradually … Read more
Merger and acquisition practitioners from the world of private equity remain hopeful for a recovery in despite a slow start so far this year, after the usual flurry of deals failed to materialize in recent months. Alison Heyden Colby, assistant general counsel at Warburg Pincus, said some sales processes are underway with motivated corporate buyers … Read more
Investors poured $3.4 billion into European stock funds in the week to Wednesday, as slowing inflation in Europe and China’s relaxation of strict zero-Covid policies made investors hunt for gains in non-U.S. equities, according to analysts at BofA Global Research, citing EPFR Global data in a weekly note. The weekly inflows into European stock funds … Read more
The Commodity Futures Trading Commission, or CFTC, is the federal regulatory agency that is charged with regulating derivatives, the complex financial products that helped cause the 2007-08 financial crisis and subsequent recession. Despite its importance in ensuring the stability of the nation’s financial system, the CFTC’s authorization lapsed in 2013. After a decade and several … Read more
Hi, MarketWatchers. Don’t miss these top stories. ‘Timing couldn’t be worse’: Inflation might be slowing, but people say it’s getting harder to cover unexpected costs — and the next Fed meeting won’t help Fed watchers expect another 25 basis point rate increase next week. Read More What will the Fed and Jerome Powell do next … Read more
Tesla Inc. stock extended its rally on Friday, pushing weekly gains to nearly 35%, as investors cheered the EV maker’s earnings and top executive Elon Musk’s assurances that demand is not a problem at Tesla. Tesla shares were on pace for their highest close since Dec. 9, when they closed at $179.05. The stock also … Read more