Treasury yields bounce to begin week
[ad_1] Treasury yields bounced early Monday, with the 10-year rate rising from a roughly three-week low, as investors monitored China’s reopening and awaited remarks this week by Federal Reserve Chair…
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
[ad_1] The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going…
Globalization is not dead, but it is facing a big tail-risk, expert says
[ad_1] Reports that globalization is dead are overstated, a top economist said. Conventional wisdom has it that globalization will suffer in the aftermath of the pandemic and Russia’s war in…
XPeng stock just misses a record selloff, snaps 5-day win streak
[ad_1] The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers.…
Don’t count on the bear market’s winners to fuel the next bull market
[ad_1] It’s too early to know which sector will lead U.S. stocks higher in the next bull market. But it’s not too early to have confidence that what it won’t…
AbbVie cuts earnings forecast due to milestone payments
[ad_1] AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and…
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
[ad_1] China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact…
Southwest sees flight cancellations costing up to $825 million
[ad_1] Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled…
U.S. stock futures steady as traders eye nonfarm payrolls report
[ad_1] U.S. stock futures were soft on Friday as traders eyed a critical jobs report. How are stock futures trading S&P 500 futures ES00, +0.05% dipped 3 points, or 0.1%,…
Feds move to seize Robinhood shares, Silvergate accounts tied to FTX
[ad_1] Federal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that the battle over…
New York City’s real-estate sector is going through ‘5 stages’ of grief and it’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Is driving a big part of your business? Good news: IRS increases tax-deductible mileage rate. Here’s how much you can deduct. The…
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
[ad_1] The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few…
Oil extends slide on worries over global growth outlook
[ad_1] Oil futures fell Wednesday morning, extending a slide that analysts tied to fears over the outlook for global economic growth and surging COVID cases in China. Crude oil kicked…
Federal regulators warn banks to beware of ‘significant’ risks surrounding crypto assets
[ad_1] A trio of federal regulators issued a warning to banks Tuesday regarding crypto-asset risks. In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office…
China December Caixin manufacturing PMI slips further into contraction
[ad_1] A private gauge of activity in China’s manufacturing sector was in contractionary territory for a fifth straight month in December, as waves of infections following Beijing’s abrupt reversal of…
Chinese EV stocks rise after strong December deliveries
[ad_1] Shares of Chinese electric-vehicle makers rose Tuesday in Hong Kong, led by Li Auto Inc., after strong December delivery data. Li Auto’s shares 2015, +10.29% rose after it posted…
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
[ad_1] U.S. stock-market futures inched higher Monday, suggesting slight gains ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, +0.19% jumped more than 200 points…
Martin Shkreli offers advice to Sam Bankman-Fried about serving prison time
[ad_1] Convicted former hedge-fund manager and pharmacy company executive Martin Shkreli has some advice for Sam Bankman-Fried about serving jail time. Namely, shave your head, deepen your voice and listen…
Is the U.S. stock market open the day after New Year’s?
[ad_1] Most investors were likely happy to see 2022 come to an end when the bell rang out the final trading session of the year on Friday. Stocks logged their…
Take MarketWatch’s 2022 Quiz: How much do you know about the biggest financial stories of the year?
[ad_1] It’s nearly the end of another dramatic year in finance. Russia invaded Ukraine. Markets tumbled. Interest rates reached record highs. Prices soared. The Republican “red wave” at the midterm…
Li Auto stock jumps after announcing record EV deliveries in December
[ad_1] Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month. The…
Chicago PMI rebounds in December, remains in contraction territory
[ad_1] The Chicago Business Barometer, also known as the Chicago PMI, rebounded to 44.9 in December from 37.2 in the prior month, which was the lowest reading since the 2007/2008…
Treasury yields edge higher to cap brutal year for bond investors
[ad_1] Treasury yields edged higher in a holiday-shortened session Friday, capping a brutal, record-breaking bond market selloff in 2022. SIFMA has recommended trading in U.S. fixed-income markets close an hour…
King Charles and ‘LOTR’ author J.R.R. Tolkien honored on new 2023 British coins
[ad_1] King Charles III is getting the royal treatment when it comes to coins. The British monarch, who assumed the throne when his mother, Queen Elizabeth II, died in September,…