This is the ‘sweet spot’ people are now willing to pay for a bottle of wine
Americans may be feeling financially constrained these days. And they may also be drinking less, as exemplified by the booming Dry January movement. But that’s not stopping them from spending $21 on a bottle of wine. That’s the price that has emerged as the consumer “sweet spot,” according to a new survey of more than […]
U.S. industrial output falls sharply in December, sparking talk of factory ‘recession’
The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists expectations of a 0.1% decline, according to a survey by The Wall Street Journal. Output in November was revised down to a 0.6% drop, much worse […]
Wall Street’s ‘fear gauge’ flashes warning that stocks might be headed off a cliff
Wall Street’s fear gauge has fallen to its lowest level in months, and Wall Street strategists are concerned it could be a warning that the latest stock-market rally is coming to an end. Specifically, they’re worried that the low level of the Cboe Volatility Index, otherwise known as “the VIX,” suggests that investors may have […]
WWE streaming on Netflix or Amazon? One analyst says it’s possible
World Wrestling Entertainment Inc.’s search for a buyer or some other business arrangement has “a reasonable probability of success” that could draw the interest of streaming giants like Netflix Inc. NFLX, -1.98% and Amazon.com Inc. AMZN, -2.11%, Wells Fargo analysts said Tuesday. Those analysts upgraded WWE WWE, +0.29% shares to their version of hold from […]
Treasury yields fall after BOJ keeps ultra-loose monetary policy
Treasury yields slipped after the Bank of Japan maintained its ultra-loose monetary policy late Tuesday and as traders eyed a batch of U.S. economic updates due Wednesday.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.160% slipped by 2.6 basis points to 4.186%. The yield on the 10-year Treasury TMUBMUSD10Y, 3.459% retreated 6.4 basis points […]
Oil demand to hit record level this year as China reopens, says IEA
China’s rapid shift to reopen its economy following years of Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said Wednesday. The energy watchdog lifted its forecast for oil-demand growth this year by nearly 200,000 barrels a day to 1.9 million barrels a day. The extra demand […]
The most unpopular portfolio in America wins in 2022 — again
Yes, Pariah Capital has beaten Wall Street. Yet again.Before fees, too.Oh, and we’re willing to make a semi-serious bet we will do it again in 2023. Pariah Capital is the exclusive free money advice service offered to our readers by MarketWatch. To reach our target asset allocation for the year ahead, we tap the finest […]
My stepbrother helped me get started in tech. I allowed him to live in my late’s father’s home. He told me, ‘Your dad wanted me to live here.’ What do I owe him?
My father dated someone when I was in early grade school, and mentored one of her sons, becoming the father figure he never had. For simplicity, I’ll refer to him as a stepbrother. I was about eight years younger, and my stepbrother helped me with some key decisions after I graduated. One key piece of […]
2023 ‘is the year AI crosses the chasm,’ but for one reason, John Chambers says
Venture capitalist John Chambers is an eternal optimist, but even he admits 2023 could be “tough” for tech. While this could sideswipe a couple of Big Tech companies, leading them to a road of losing market leadership by the end of the decade, it could present an opportunity for startups in artificial intelligence and cybersecurity […]
Dow sheds nearly 400 points as U.S stocks finish mostly lower after Goldman Sachs, Morgan Stanley earnings
U.S. stocks ended mostly lower on Tuesday, with the Dow Jones Industrial Average snapping a four-day win streak after Goldman Sachs reported poor earnings results. The S&P 500 also ended lower, but the Nasdaq Composite eked out a gain as investors focused on whether the early 2023 rally has legs.How stocks traded The S&P 500 […]