Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning.After tech stocks were decimated in 2022, investors will be looking for signs of a turnaround in holiday reports and potential forecasts for the year ahead from three of 2022’s top […]
S&P downgrades Bed Bath & Beyond, says beleaguered retailer has ‘insufficient funds’ to repay its financial obligations
S&P Global Ratings downgraded Bed Bath & Beyond Inc.’s credit Friday, a day after the beleaguered retailer said it was in default on loans that have been called in. The default filing sent Bed Bath & Beyond’s BBBY, +1.19% stock plunging, although it rallied to end Friday’s session up 1.2%, outpacing the S&P 500 Index’s […]
U.S. consumer sentiment strengthens in final January reading
The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer attitudes. This added 5.2 index points from 59.7 in December and was up from the initial January reading of 64.6. Economists surveyed by The Wall Street Journal had forecast an unchanged reading of 64.6. Key […]
Shares of Adani-linked companies slump as Indian conglomerate issues defense to short-seller claims
Stocks of affiliated companies founded by Asia’s richest man Gautam Adani continued to fall in Mumbai markets on Friday, extending a slide after a U.S. short seller published its two-year investigation into the group’s business practices. The shares of flagship firm Adani Enterprises 512599, -18.52% sank as much as 20% and other linked companies saw […]
‘He claims it’s his home’: My mother left her Florida house to all of her children. Our brother lives there — and has no plans to move. How do we get him out?
Dear Quentin, My mother passed away three years ago and left the house to my brother, my sister and me. What little was left in her bank account was distributed among the three of us. Our brother is still living in the family home. He pays the taxes, insurance and utilities to live there. The […]
This 72-year-old is hoping to fund her retirement on GoFundMe
GoFundMe campaigns have been raising piles of cash for older Walmart workers who want to retire — but the heartwarming stories about sudden windfalls mask a dark reality about economic security and growing old in America, say retirement experts.“This is not a feel-good story, this is about the failure of our retirement system,” said Teresa […]
How Kobe Bryant made his $600 million fortune — and who is in charge of it now
It’s been three years since NBA legend Kobe Bryant, his daughter Gianna, and seven others tragically died in a helicopter crash in Los Angeles in January 2020. Bryant was an NBA Most Valuable Player, five-time NBA champion, and one of the most influential players who has ever picked up a basketball. He was also a […]
Where is Monterey Park and what does the shooting mean to Asian-Americans?
The mass shooting in Monterey Park, Calif., stunned the Asian-American community. Not only because the shooting happened on Lunar New Year’s Eve, but also because it happened in Monterey Park, a predominantly Asian city that holds a special place in the Asian-American landscape. On Saturday night, a gunman opened fire at a party inside the… […]
On eBay, sellers are hawking water from Disney’s shuttered Splash Mountain ride
Walt Disney World DIS, +2.14% shuttered its popular but controversial Splash Mountain boat ride over the weekend, ending the attraction’s three-decade run. But some entrepreneurs are pitching a way to keep the water flowing, so to speak. Namely, they are selling water they say is sourced from the ride. There are dozens of listings on […]
Ending AmazonSmile donations ‘could not come at a worse time’ for nonprofits
The end of Amazon’s charity donation program will be another blow to small nonprofits that are already struggling to make ends meet in an uncertain economy, nonprofit leaders told MarketWatch.Amazon AMZN, -0.11% is scrapping AmazonSmile, the program that lets Amazon customers direct donations to nonprofits while shopping on the online retail giant. Customers who sign […]