Sony shares gain on better-than-expected quarterly profit

Sony Group Corp. shares 6758, +4.70% gained Friday morning after its third-quarter net profit beat analysts’ expectations and the company raised its fiscal year net-profit forecast. Shares were recently 4.8% higher at 12,045 yen ($93.58) after rising as much as 5.8% earlier. The company said Thursday after market close that net profit fell 5.6% from … Read more

Beyond Meat revamps its retail strategy, hires new marketing executive

Beyond Meat Inc. BYND, +19.15%  is revamping its retail sales strategy to center on five major grocers and hiring a new marketing executive as part of an effort to reinvigorate the plant-based food maker’s business. The California-based company is orienting its retail business around Kroger Co. KR, -0.46%, Walmart Inc. WMT, -0.73%,  Publix Super Markets Inc., Costco Wholesale Corp. COST, … Read more

China’s Caixin services PMI bounces back in January

A private gauge of China’s service-sector activity bounced back in January to expansionary territory, signaling a quick economic recovery following Beijing’s removal of its stringent COVID-19 containment regime in December. The Caixin China Services purchasing managers index rose to 52.9 in January from 48.0 in December, said Caixin Media Co. and S&P Global on Friday. … Read more

GM, Netflix will collaborate to help build ‘an EV culture’

General Motors Co. GM, +5.60% electric vehicles will appear in some Netflix Inc. NFLX, +1.35% shows and films, which the companies said reflects “society’s increasing excitement about an all-electric future.” GM Global Chief Marketing Officer Deborah Wahl said in a press release that “we want to make EVs famous on streaming, small and silver screens … Read more

Risk-tolerance surveys often miss what financial advisers really need to know about you

In the early days of financial planning, advisers would assess a client’s attitude about risk. It was largely a subjective judgment. Nevertheless, their conclusion (or hunch) would guide their portfolio management decisions on behalf of that client. In addition to probing to determine a client’s tolerance for risk, advisers might consider one’s age, gender and … Read more

Stocks are at Wall Street’s year-end target. It’s only early February.

Just like last year, Wall Street strategists look pretty wrong about their expectations for stock-market performance in 2023. But this time around, they’re in the unusual position of having been too pessimistic. Back in December, MarketWatch collected year-end price targets for the S&P 500 from 18 investment banks and brokerage houses. Instead of following the … Read more

Death and deceit in Malibu: How yogi couple befriended and stole millions from vulnerable rich doctor

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The tragic end of Dr. Mark Sawusch’s life all started in an ice cream shop in Venice Beach. On June 23, 2017, Sawusch — a brilliant, but troubled ophthalmologist who struggled with bipolar disorder — met Anton David and Anna Moore. It was a fateful encounter that would eventually lead to his death and the … Read more

A record number of U.S. renters spent more than 30% of their income on rent in 2021 and mortgage rates fall to lowest level since mid-September. Freddie Mac says 3 million more people now qualify for a home loan.

Hi, MarketWatchers. Don’t miss these top stories. Death and deceit in Malibu: How yogi couple befriended and stole millions from vulnerable rich doctor Anton David and Anna Moore are accused of pretending to be caretakers for Dr. Mark Sawusch while really having an eye on his $60 million fortune. Read More ‘We are not visible, … Read more

Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record

Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from $1.39 … Read more