I’m afraid to bring this up with friends in case they call me a “Karen” or tell me I’m being selfish or a skinflint. Over the past 12 months, I have seen my rent go up by 25%. I’m paying $3,200 for a one-bedroom apartment. I will never be able…
Working mothers talk about ‘mom tax’ — the financial toll of motherhood on their careers and salaries
As millions of Americans put in orders for flowers, massages, and other treats for Mother’s Day, working mothers spoke to MarketWatch about the “mom tax” or “motherhood penalty” – a toll that impacts women when they become mothers and raise a child, by increasing their responsibility at home and limiting…
The S&P 500 is top-heavy with tech. Here’s what that says about future stock-market returns.
The 2023 rally by the S&P 500 index is being led by megacap tech-related stocks, whose weighting in the index is at a historically high level. That’s sparked a lot of worry about the durability of the bounce. The S&P 500 SPX, -0.16% is up more than 7% so far…
2.3 million Americans ditched pay TV services in the first quarter
The pace of cord cutting picked up in the first quarter as the relevance of traditional video continued to fade. More than 2.3 million people in the U.S. abandoned their pay-TV subscriptions during the quarter, according to estimates from SVB MoffettNathanson analyst Craig Moffett. These losses marked a “significant acceleration”…
Dow, S&P 500 book back-to-back weekly losses, as poor consumer sentiment report reignites recession fears
U.S. stocks ended lower Friday, surrendering early gains after a report from the University of Michigan showed consumer sentiment soured in May, helping to revive recession fears. The Dow Jones Industrial Average and S&P 500 each booked back-to-back weekly losses. For the week, the Dow slid 1.1%, the S&P 500…
Eli Lilly nears J&J market cap
Eli Lilly & Co.’s market cap neared Johnson & Johnson’s market cap on Friday, as the stock has benefited from a slew of positive data in trials for key treatments. Earlier Friday, Lilly stock LLY, +0.00% was on track to close with a greater market capitalization than J&J JNJ, -0.13%,…
Dan Snyder agrees to sell NFL’s Washington Commanders to 76ers owner Josh Harris
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Josh Harris and Mitchell Rales, the team announced on Friday. The deal values the team at $6 billion, according to reports from ESPN and NFL Network. “We are very pleased to have reached an agreement…
Elon Musk’s new Twitter CEO faces uphill battle as ‘a textbook case of the glass cliff’
Elon Musk’s appointment of Linda Yaccarino to succeed him as Twitter’s chief executive has all the characteristics of a so-called glass cliff: She’s tasked with the nearly impossible job of turning around a company that faces a steep ad-revenue shortfall, with one of the most dominant Twitter users looking over her shoulder…
U.S. bank deposits decline for second straight week
The numbers: Deposits at commercial U.S. banks declined in the week ended May 3, according to the Federal Reserve on Friday. Deposits fell to $17.15 trillion from $17.16 trillion in the prior week, the Fed said. There has been a steady erosion in deposits as interest rates have risen. A…
George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla
George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according…