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

Opinion: Cities are questioning the point of parking garages

For the past century, the public and private sector appear to have agreed on one thing: the more parking, the better. As a result, cities were built up in ways that devoted valuable space to storing cars, did little to accommodate people who don’t own cars, and forced developers to build expensive parking structures that … 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

Google suffered ‘pullback’ in ad spending over holidays, Alphabet stock falls after earnings

Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, or … Read more

Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat

Bill.com Holdings Inc. shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to exceed Wall Street expectations. Bill.com BILL, +8.18% shares fell as much as 20% after hours, following an 8.2% gain in the regular session to close at $128.91. The company reported a second-quarter loss of $95.1 … Read more

These crypto-related stocks rallied up to 200% this year. Here’s why 

Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto miners have had a remarkable start of this year, as bitcoin BTCUSD rose to around $24,000 from below $17,000 in early January. Meanwhile, Dogecoin DOGEUSD rallied, as Elon Musk is reportedly pushing forward Twitter’s payments system and considering adding crypto in … Read more

Align Tech’s stock surges 30% to lead S&P 500 as Invisalign sales resume growth

Align Technology Inc. shares rallied Thursday, making one of the worst stocks of 2022 among the best of 2023 so far. Align ALGN, +25.37% surged as much as 30% to an intraday high of $368.87, making it the best-performing stock on both the S&P 500 SPX, +0.98% and the Nasdaq 100 NDX, +2.84% Thursday, with … Read more

State of the Union: 5 key challenges for Biden as he delivers his speech

President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office. Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American … Read more

Pence house in Indiana to be searched by FBI for additional classified material

WASHINGTON — The FBI is expected to search former Vice President Mike Pence’s Indiana home for classified material in the coming days, according to people familiar with the matter, as senior government officials come under increased law-enforcement scrutiny of their handling of such documents.