Meta Platforms will be cutting or relocating around 100 London-based employees working at Instagram, Bloomberg reported late Wednesday. Instagram’s presence in London expanded early last year when leader Adam Mosseri moved there temporarily. Mosseri plans to move back to the U.S. and will bring along the staff members who aren’t…
Treasurys rallied Thursday morning, sending yields lower across the board, as investors weighed downbeat U.S. earnings, the prospects of an economic slowdown, and the chance of Federal Reserve rate hikes through June. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.182% slipped to 4.194% from 4.263% on Wednesday. Yields…
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Long-term investors who can manage a 10-fund equity portfolio, as I described last week, have what I consider the absolute best shot at attractive returns no matter what happens in the stock market.This time, in Part 2 of a series for do-it-yourself investors, I’ll tell you how to get much…
“Experts need checklists—literally—written guides that walk them through the key steps in any complex procedure,” according to Atul Gawande, author of “The Checklist Manifesto.”And no matter whether you’re an expert or not, you too need a checklist for retirement planning, especially if you’re five to 10 years away from retiring.…
Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the…
The wireless industry has seen robust net additions over recent years, and Wall Street wants to know how long companies can keep up the strong growth. AT&T Inc.’s T, -0.61% Thursday morning earnings report could provide a hint of what to expect this year. Wall Street forecasts for the company’s…
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Lululemon Athletica Inc. is looking to sell its Mirror in-home fitness business, according to reports Tuesday, three years after acquiring it for about $500 million. Bloomberg News reported Tuesday morning that Lululemon LULU, -0.64% was working with an adviser to solicit interest in the business. Later in the day, CNBC…
Netflix Inc. is finally killing the DVD-by-mail business that years ago made it one of the buzziest names on Wall Street, just as it reshapes itself with another new business model, one supported by ads and password crackdowns. As the two co-CEOs, Ted Sarandos and Greg Peters, had their first…