SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
[ad_1] Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even…
Consumer sentiment jumps to 9-month high as inflation ebbs and stocks rebound
[ad_1] The numbers: A survey of consumer sentiment rose to 64.6 in January and hit a nine-month high, reflecting easing worries about inflation and Americans’ greater confidence in their own…
Even a $10,000 salary hike is not enough for some working mothers to accept or stay at a job: ‘They just want to work from home’
[ad_1] New moms would rather have more flexible hours and remote-work options than a salary bump, according to a new survey. The survey of 402 women by Baby Center found…
‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers and your boss will no longer be able to make you sign noncompete agreements — if federal regulators have their way
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. ‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as…
Mortgage rates inch up. ‘Homebuyers are waiting for rates to decrease more significantly,’ Freddie Mac says.
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
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…
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…
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,…
Americans name their No. 1 financial New Year’s resolution — and the timing couldn’t be better
[ad_1] What is your resolution for the New Year? Millions of Americans are already coming up with their financial goals. Whether they keep them or not, of course, is another…
High U.S. inflation is on the wane, PCE price gauge shows
[ad_1] The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a…
Consumer confidence hits 8-month high as worries about inflation and recession fade
[ad_1] The numbers: A survey of consumer confidence jumped to an eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy.…
‘Inflation is a major strain.’ Americans see weaker economy in ’23: WSJ poll
[ad_1] A majority of voters think the economy will be in worse shape in 2023 than it is now and roughly two-thirds say the nation’s economic trajectory is headed in…
The rise in food prices in November slowed from the 40-year-high in August
[ad_1] Food inflation slowed in November. Food prices rose 10.6% last month compared with a year ago, down from 10.9% in October, according to government data released Tuesday. Grocery prices,…
Foreclosure activity rose 57% from a year ago in November, and was highest in these U.S. cities and Americans are trimming their holiday gift spending
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Foreclosure activity rose 57% from a year ago in November, and was highest in these U.S. cities The foreclosure process began on…
Funko brings back former CEO, drops CFO after massive decline for stock on holiday forecast
[ad_1] Funko Inc. is putting its longtime chief executive back in charge of the business and looking for new executives to join him after a disappointing holiday forecast chopped the…
Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Greenest holiday ever? Here’s how to rent a sustainable Christmas tree There are ways to make ‘greener’ choices with your holiday evergreen.…
Gloomy prediction for home buyers: Prices will continue to rise in 2023, despite a cooling housing market
[ad_1] Home sales are slowing as interest rates rise, and prices are also cooling as buyers are put off by interest rates hovering around 7%, double what they were this…
Here are 7 tips to maximize your charitable donations on Giving Tuesday and can moving to a different neighborhood improve your chances in life?
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Can moving to a different neighborhood improve your chances in life? Moving to a place with more opportunities might make you healthier,…
Home prices will fall in 2023, but affordability will be at its worst since 1985, research firm says
[ad_1] Home prices will fall by 8% next year, but high mortgage rates and a possible recession will continue to hurt affordability, a new report says. In a report published…
‘Turkey is non-negotiable’: Americans refuse to skip Thanksgiving turkey in favor of cheaper alternatives, despite soaring food prices
[ad_1] Americans are clipping their wings, but not cutting them out of Thanksgiving dinner altogether. Half of those planning to host Thanksgiving dinner on Nov. 24 have already purchased their…
Estée Lauder prevails in auction to buy Tom Ford in deal worth $2.8 billion
[ad_1] Estée Lauder Cos. EL, +2.86% will acquire Tom Ford in a deal valued at roughly $2.8 billion, building on a longstanding licensing agreement and marking the cosmetics giant’s largest-ever…
Estée Lauder closes in on $2.8 billion deal to buy Tom Ford
[ad_1] Estée Lauder Cos. is nearing a deal to buy Tom Ford for roughly $2.8 billion, building on a longstanding licensing deal and marking the cosmetics giant’s largest-ever acquisition, according to…
New homeowners and renters bear the brunt of October inflation — they’re cutting back on eating out, entertainment and vacations to beat rising costs
[ad_1] Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in…
Funko stock cut in half as earnings shrink and holiday forecast calls for no growth
[ad_1] A figure previously provided for Funko’s relocation costs was inaccurate. This story has been updated. Funko Inc. shares are on track to lose half their value Friday, after the…