Business
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Dow ekes out gain Friday, but books weekly loss to snap four-week win streak as investors digest earnings
U.S. stocks closed slightly higher Friday, in a quiet end to the first full week of the quarterly-earnings reporting season, as investors watched for signs of an economic slowdown. How stocks traded For the week, the Dow fell 0.2%, the S&P 500 slipped 0.1% and the Nasdaq shed 0.4%. The Dow snapped a four-week win…
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CEO of startup praised employee who sold dog to comply with back-to-work policy
The chief executive of a Utah-based digital marketing and technology company praised a worker who gave up his dog and offered workers bonuses to quit if they didn’t like his return-to-office policy. In a virtual all-hands meeting at Utah-based Clearlink last week, CEO James Clarke said he was asking staff to give their “blood, sweat,…
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A Fed pause looms. Be careful what you wish for, say these analysts.
The optimism sparked a week ago by better-than-expected results from some of U.S. banking’s big beasts has faded. The first quarter earnings season now might generously be described as mixed. If news on corporate profits can’t push the S&P 500 SPX, -0.10% through the top of its five-month range between 3,800 to 4,200 then bulls…
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Dow posts 3-day losing streak as Tesla, energy shares drag down Wall Street
U.S. stocks finished lower on Thursday, with disappointing earnings report from Tesla Inc. weighing on technology stocks, while a slump in oil prices dragged down shares in the energy sector. The debt ceiling debacle in Washington also continued to worry investors. On Wednesday, the Dow fell 80 points, or 0.2%, while the S&P 500 shed…
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Yellen says U.S. policies to China will prioritize national-security interests even at the expense of the economy
Treasury Secretary Janet Yellen on Thursday criticized China’s aid to companies as she set out how the U.S. is approaching competition with the world’s No. 2 economy in what she said was a “tense moment” in bilateral relations. In a speech Thursday at the Johns Hopkins University’s School of Advanced International Studies, Yellen said China…
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Nokia shares weaken as profit misses estimate and company warns on customer spending delay
Nokia shares fell as much as 4% on Thursday as the telecom equipment maker reported worse-than-forecast profit, guided its sales outlook lower, and said customers are beginning to delay spending. Nokia NOKIA, -8.66% NOK, -9.09% said its first-quarter profit fell 32% to €289 million ($317 million) while sales rose 10% to €5.86 billion. Its operating…
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10 ways to save money on a trip to Disneyland
One-day theme park tickets to Disneyland Park in Anaheim, Calif., and its sibling, Disney California Adventure Park, start at $104 per person, so calling Disneyland cheap is about as believable as saying an elephant can fly. But at Disneyland, elephants do in fact fly (Dumbo, anyone?) — and successfully planning a trip to Disneyland on…
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Instagram staff in London to be cut or relocated to U.S.: report
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 laid off, the report said,…
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Treasury yields dip on haven demand as stocks open lower
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 move in the opposite direction…
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13 must-dos for your preretirement checklist
“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. Here, according to experts,…