‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
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 to get rocked,” Reis told MarketWatch on the sidelines of the American Economic Association annual meeting in New Orleans. “All the risks are on the upside. […]
XPeng stock just misses a record selloff, snaps 5-day win streak
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. The stock XPEV, -15.04% was down as much as 17.2% at its intraday low of $9.85, before recovering slightly to close down 15.04% at $10.11. It […]
I met my wife in 2019 and we married in 2020. I put her name on the deed of my $998,000 California home. Now I want a divorce. What can I do?
Dear Quentin, I bought my home in California for $520,000 in 2017. It’s now worth $980,000. In 2019, I met my now-wife who moved in at the beginning of 2020. We married six months later in July 2020. Things were going great and we decided to have one bank account. I also added my wife […]
‘He is financially secure and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?
Dear Quentin, I’ll keep this short, as I don’t take any pleasure in reliving it. I have corresponded with a man for two months on a dating site that shall remain nameless (except to say it starts with T and ends in R). He had a very strong and decisive personality, which I liked, and […]
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke.Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not recognize her. He couldn’t remember things, and one side of his body was partially paralyzed. After months of physical and […]
Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis
The House truly always wins.More than two dozen members of Congress beat the stock market last year despite Wall Street suffering its worst year since 2008, according to an analysis by a stock-trading site. But there was one notable loser last year: Nancy Pelosi. The former House speaker’s portfolio dropped 19.8% in 2022 — worse […]
Don’t count on the bear market’s winners to fuel the next bull market
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 be is the energy sector. Energy has been the best performer during this bear market. At no time over the last 5+ decades has the same […]
‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers
Some home sellers are finally accepting the writing on the wall, and offering concessions to home buyers as demand remains weak in the housing market. According to a new report from Redfin RDFN, +4.39%, approximately 42% of homes sold in the fourth quarter of 2022 came with concessions. In contrast, over the same period in […]
Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
Shares of Macy’s Inc. slid as much as 8% in after-hours trading on Friday after the department-store chain gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” in the holiday-shopping season and saying customers would likely feel the squeeze from inflation into next year. The chain issued the sales and […]
Fed’s Bullard says 2023 on track to be a ‘disinflationary year’
High U.S. inflation is likely to recede in 2023 thanks to aggressive Federal Reserve efforts to raise interest rates and cool off the economy, a senior central bank official said. James Bullard, president of the St. Louis Federal Reserve, said higher rates should help curb inflation by slowing the economy and reducing the demand for […]