Market Extra: The stock-market rally survived a confusing week. Here’s what comes next.
Stocks are off to a stellar start in 2023, but there's a key conflict that must still be resolved......»»
: Chinese moviegoers — starved for entertainment and craving normalcy — are set to put the country’s film industry back on top
China’s box office receipts this year have already hit the $1.5 billion mark, the quickest time it has done so on record......»»
Personal Finance Daily: Rocket Companies CEO says the housing market will return to ‘normal’ in 2023 and what happens when the COVID-19 emergency declaration ends? Brace for big changes to your health coverage and medical costs
Friday's top personal finance stories......»»
Mark Hulbert: Are we in a new bull market for stocks?
We may be in a new bull market for stocks. But the bad news is the rally may have already gotten ahead of itself......»»
: Chip sales hit a record in 2022, even as a pandemic shortage turned into a glut
Global chip sales managed to rise slightly to a record high in 2022 even as a two-year pandemic-driven chip shortage flipped to a glut midyear......»»
: RH to restate quarterly results after errors in earnings-per-share calculations
RH, the retailer formerly known as Restoration Hardware, said in a filing late Friday that it will restate per-share earnings results for several periods......»»
The Tell: A pre-jobs data bet may have have netted trader $10 million profit, report says
A bet on fed-funds futures just ahead of Friday's January jobs report may have netted a trader a $10 million profit, according to Bloomberg......»»
: Tesla’s Elon Musk found not liable in ‘funding secured’ trial
Tesla Inc. Chief Executive Elon Musk was found not liable on Friday in a federal trial in San Francisco around his "funding secured" and other tweets in 2018......»»
: Ryan Reynolds–owned soccer club Wrexham will play in $1 million winner-take-all U.S. tournament
Actors Ryan Reynolds and Rob McElhenney made a highly publicized purchase of soccer club Wrexham in 2020. The club will play in the Soccer Tournament this summer......»»
: Jury reaches a verdict in Elon Musk’s trial over Tesla tweets
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
: Elon Musk found not liable in trial over Tesla tweets
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
: Bank of America trims CEO Moynihan’s pay by about 6% to $30 million
Bank of America Corp. BAC said in a filing late Friday that its board has approved a 6.3% cut on Chief Executive Officer Brian Moynihan’s pay in 2022. Moynihan receives $30 million, compared with a 2021 total compensation of $32 million, the bank said. The board “acknowledged the company’s continued success in 2022 and Mr. Moynihan’s leadership under this operating model particularly in this period of considerable economic uncertainty,” the bank said in a SEC filing. Bank of America notched a $27.5 billion profit in 2022, the third highest net-income performance in the company’s history, it said. Its stock fell 26% in the year, reflecting “weakened investor sentiment given geopolitical tensions and recessionary fears.” Last week, a similar filing from Goldman Sachs Group Inc. GS revealed a 30% pay cut for Goldman’s Chief Executive David Solomon, and earlier last month JPMorgan Chase & Co JPM said it cut special awards paid to Chief Executive Jamie Dimon but kept his pay the same as it was in 2021. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»
: A pre-jobs data bet may have have netted trader $10 million profit, report says
A bet on fed-funds futures just ahead of Friday's January jobs report may have netted a trader a $10 million profit, according to Bloomberg......»»
: Ryan Reynolds-owned Wrexham soccer club will play in $1 million winner-takes-all U.S. tournament
Actors Ryan Reynolds and Rob McElhenney made a highly publicized purchase of soccer club Wrexham in 2020. The club will play in The Soccer Tournament this summer......»»
The Wall Street Journal: Jurors in Elon Musk trial over Tesla tweets hear closing statements
Lawyers made closing statements in federal court over Elon Musk‘s 2018 tweets proposing to take Tesla Inc. private, capping a three-week trial over whether the billionaire violated securities law......»»
The Moneyist: ‘I always say yes’: The trainers at my gym flatter and cajole me into taking classes. I’ve racked up credit-card debt to pay for them. Why can’t I say no?
'Over the last two years, I have taken on credit-card debt to pay for these classes.'.....»»
: Carvana stock enjoys best week ever as ‘meme-like’ run continues
Carvana Co. shares did a U-turn Friday to continue their winning streak and finish their best week ever......»»
: Here’s why the jobs report was so good despite Big Tech layoffs
Amid a wave of Big Tech layoffs, the U.S. economy added more than half a million new jobs in January, the Labor Department said Friday. How did that happen?.....»»
Market Snapshot: U.S. stocks fall after blowout jobs report, disappointing earnings, but Nasdaq books longest weekly win streak since November 2021
U.S. stocks end down Friday, after a much stronger-than-expected rise in January nonfarm payrolls and disappointing tech earnings......»»
Bond Report: Treasury yields jump after surge in U.S. job growth
Treasury yields jump Friday after a much stronger-than-expected U.S. January jobs report clouded investor expectations for the Federal Reserve to end its interest rate hiking cycle in coming months......»»