Social-media platforms pose “a profound risk of harm to the mental health and well-being of children,” and there is not enough evidence “to determine if social media is sufficiently safe for children and adolescents,” according to an advisory note from the U.S. surgeon general. Tuesday’s 25-page advisory comes as the…
Palo Alto Networks Inc. shares rose in the extended session Tuesday after the cybersecurity company kept the beat-and-raise earnings reports coming as it sees itself and the software industry undergo an AI transformation over the next year. Palo Alto Networks PANW, -1.23% forecast fourth-quarter adjusted earnings of $1.26 to $1.30…
The Dow Jones Industrial Average on Tuesday closed at the lowest level in a week, as worries about the debt ceiling negotiations in Washington outweighed data suggesting economic growth remains resilient, while yields on Treasury bills maturing between early and mid-June climbed toward 6% on Tuesday. How stocks traded The…
The prospect of shrinking corporate profit margins has been scaring bulls for years now. And, yet, those margins have stayed stubbornly high, thereby enabling the stock market to be surprisingly resilient. Earlier this month Wall Street received a mea culpa from the analyst who perhaps was the most outspoken champion…
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Chevron Corp.’s plan to buy PDC Energy Inc. in a $6.3 billion deal, or $7.6 billion when including debt, has a few unexpected turns for Wall Street. Chevron CVX, +2.78% announced the deal earlier Monday, sending PDC Energy PDCE, +2.79% shares up 8%. Chevron shares fell about 1%. PDC’s assets…
San Francisco Federal Reserve Bank President Mary Daly said Monday she wants central bankers to keep an open mind when they gather in June to decide what to do with interest rates at that meeting and at the other four policy meetings scheduled for this year. “I really think at…
JPMorgan Chase & Co. raised its net-interest-income guidance on Monday by $3 billion to reflect the bump it will get from its takeover of First Republic Bank. The bank is now expecting its 2023 net interest income (NII) to come to $84 billion, up from $81 billion forecast in April.…
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh a financial decision. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns by emailing our columnist at [email protected]. This column…
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