Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts
Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated. Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected […]
UPS foresees ‘mild recession’ in 2023 and posts first revenue decline since the 2008 financial crisis
Shares of United Parcel Service Inc. rallied Tuesday, even after the package-delivery giant reported a surprise decline in fourth-quarter revenue, missing Wall Street expectations for the first time in 12 quarters, and warned of the first yearly decline in revenue in 14 years. Investors expressed relief, however, as UPS beat fourth-quarter profit expectations, raised its […]
IAG shares fall in Australia after massive flooding in New Zealand
SYDNEY — Shares in Insurance Australia Group Ltd. IAG, -3.74% fell early Monday after the general insurer said that claims in New Zealand will likely rise after severe storms and flooding around Auckland, and that it may review its natural peril costs for fiscal 2023. The stock was down 4.5% to 4.88 Australian dollars (US$3.45), […]
Households earning $100,000 or more are cutting spending more aggressively. What’s going on?
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to readerstories@marketwatch.com. Please include your name and the best way to reach you. A reporter may be in touch. Higher-earning households are feeling the inflationary pinch. Consumer […]
What is Lunar New Year, and when does it start?
The Year of the Rabbit upon us. The Lunar New Year falls on Sunday, with many Asian communities celebrating the advent of spring and the beginning of a new year on the lunar calendar. It’s the most important holiday in China, which is why the Chinese government is anticipating more than 2.1 billion journeys to […]
The housing market is showing signs of ‘normalizing’ and IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
Hi, MarketWatchers. Don’t miss these top stories.IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar Two thirds of households received income-tax refunds last year, IRS statistics show. Read More U.S. mortgage rates slip, giving some relief to homebuyers The 30-year mortgage rate is averaging at 6.33%, […]
Gold prices end lower after a 4-session rise to their highest since June
Gold futures finished lower on Thursday, posting their first loss in five sessions, as traders booked profits in the wake of the metal’s rise to its highest price since June. Price action Gold for February delivery GC00, +0.04% GCG23, +0.04% fell $18.40, or 1%, to settle at $1,840.60 per ounce on Comex. Prices for […]