Business
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‘A massive delivery beat’: Tesla tops second-quarter estimate with delivery of 466,000 vehicles, and stock surges in premarket trades
Tesla Inc. delivered a record number of vehicles in the second quarter, beating market estimates after the electric-car maker increased discounts and incentives, the company reported Sunday. The news sent the stock up more than 6% in premarket trade Monday. The Elon Musk–led electric-vehicle manufacturer delivered 466,140 vehicles in the three months ended June 30…
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Hulu and Apple are the best streaming services for July 2023, and here’s why
Summer used to mean a lull in TV programming. And with a few exceptions, that’s how the streaming scene feels this July. After a frenzy of new shows launched in the spring, Hulu and Apple appear to be the only streaming services still putting their best feet forward this summer. But that might actually be…
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Supreme Court ruling on student debt will ‘devastate’ borrowers. No, cancellation would ‘punish’ poor Americans. Who’s right?
The Supreme Court on Friday struck down the Biden administration’s plan to cancel student-loan debt, giving opponents and proponents of loan forgiveness the chance to square off again on a debate that’s gripped Americans for months. Biden’s plan aimed to cancel up to $10,000 in federal loan debt for borrowers earning less than $125,000, and…
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Supreme Court blocked Biden’s student-loan forgiveness. Here’s what happens next for your loans.
Student-loan payments are poised to resume this fall without smaller balances now that the U.S. Supreme Court has blocked President Joe Biden’s loan cancellation plan. The Biden administration’s loan forgiveness initiative would have canceled up to $10,000 of debt for eligible borrowers, and in some cases up to $20,000. But the Supreme Court’s conservative majority…
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What if you can’t pay back your student loans when payments start again? These are your options.
With the pause on student-loan payments set to end in October, many student-loan borrowers may be asking themselves, “What can I do if I can’t afford to pay my student-loan bill?” Don’t panic — you have options. There are ways to either lower your payment obligations or to defer payments, albeit temporarily, according to the…
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My brother and I will inherit our mother’s house. It’s appreciated in value by $700K. Will we have to pay capital-gains tax?
Dear MarketWatch, I am the trustee for my mother’s revocable trust, and my brother is a backup trustee. When she passes, I plan to sell her house and distribute the proceeds. My younger brother currently lives in the house and takes care of her. I want to sell the house as it is very neglected,…
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Teenagers looking for summer jobs see best labor market since just after World War II
Morgan Skove, 19, an incoming sophomore at Northwestern University, was overjoyed to land a summer gig. “I was relieved that the pressure of finding a job was off and excited to start my first ‘adult’ job,” she said. With plans to pursue a career in business, Skove applied for a sales job with the platform-engagement…
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Can the coming AI boom help Micron outrun negative China effects?
Micron Technology Inc. could be approaching a big new semiconductor cycle as it predicts a huge boost from artificial intelligence, but there could be a roadblock in the path. Micron MU reported a third-quarter loss and a 57% drop in revenue Wednesday, after the chip industry’s oversupply hit the memory-chip maker hard. On the bright…
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USPS issues warning over check fraud: Go directly to the post office to mail a check
The U.S. Postal Service has issued a new warning: be careful when mailing checks. The USPS reported a recent surge in attacks on letter carriers and mail fraud, stating that 305 mail carriers were robbed in the first half of fiscal-year 2023, compared with 412 last year. Many of the USPS’s thefts occurred when mail…
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Bad boys: Four dumb ways people just got caught allegedly engaging in insider trading
Insider trading may seem like an easy bet to some, but it’s a dumb way to lose if you get caught. On Thursday, federal prosecutors in Manhattan announced four separate, head-scratching busts of people for allegedly trading on inside information in ways so brazen that it would have been amazing if they hadn’t been caught.…