Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?

Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. … 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

Market pros are feeling so happy about stocks right now, you have to wonder if they’re too bullish

There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion. There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same … 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

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

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

Here’s how — and where — Netflix has started cracking down on password sharing

Coming soon: Netflix and chill-on-sharing-your-password. Netflix NFLX, +1.35% once pivoted from being a DVD delivery company to becoming a video streaming giant. And more changes are on the way for the streaming service as it faces growing competition from rivals like HBO Max WBD, +3.65% and Disney+ DIS, +3.49%. Now, Netflix is shifting from seemingly … Read more

Apple earnings fall short on underwhelming sales of iPhones and Macs

Production issues in China seemed to impact Apple far more than expected in the holiday quarter, as the consumer-electronics giant delivered a miss for its iPhone category after the close of Thursday trading. Apple’s iPhone revenue fell to $65.8 billion in the fiscal first quarter from $71.6 billion a year before, whereas analysts tracked by … Read more

The S&P 500 is flashing signs that the bear market finally could be over

The S&P 500 Index SPX, +1.47% has finally broken through major resistance at 4100. If the breakout holds through today, then it will be a valid one. Furthermore, SPX is now clearly above its declining 200-day moving average, and it is above the downtrend line that has defined the U.S. bear market for over a … Read more