Markets
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Micron may get $1.5 billion from Japan to make advanced chips: report
Micron Technology Inc. is expected to get about $1.5 billion in financial incentives from the Japanese government to help build advanced memory chips, according to a new report. Bloomberg News reported late Wednesday that the deal is likely to be announced Thursday, when Japanese Prime Minister Fumio Kishida meets with a group of tech executives…
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Americans are not paying off their credit-card debt. We should be concerned.
The first-quarter dip never happened. Some observers say that’s a problem. Credit-card balances hit $986 billion in the fourth quarter, but remain largely unchanged in the first quarter of the year, the Federal Reserve Bank of New York said in its most recent quarterly report on household debt. It looks increasingly likely that credit-card debt…
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‘Tipping culture is out of control. I was asked to tip 15% for a charitable donation’: When will it end?
Our tipping culture is out of control. It has become mandatory, and forced upon us. It has lost its cause. It’s not a gratuity anymore, it’s become another tax. Consumers are forced to help merchants to pay workers after paying merchants for the service. One time, I tried to donate money online, and was asked…
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Deutsche Bank to settle Jeffrey Epstein suit for $75 million: report
Deutsche Bank AG will pay $75 million to settle a proposed class-action lawsuit claiming it aided Jeffrey Epstein’s sex-trafficking ring, the Wall Street Journal reported Wednesday night. The suit was filed by lawyers on behalf of an anonymous victim and others who accused the financier, who died by suicide in federal lockup in 2019, of…
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Tesla’s Elon Musk expects ‘a year of difficulty’ for the global economy
Tesla Inc. Chief Executive Elon Musk said late Tuesday he foresees “a year of difficulty” for the global economy, with “lots of companies” going bankrupt, and said that the EV maker will not be immune to the downdraft, even as he teased two new products for Tesla in the future. “It’s is going to be…
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CMA Stock Price | Comerica Inc. Stock Quote (U.S.: NYSE)
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Manchester United stock jumps on improved Sheikh Jassim offer
Manchester United’s stock rose in after-hours trade Tuesday following the latest development in the takeover battle for the iconic English football club. MarketWatch understands that Sheikh Jassim Bin Hamad Al Thani has made an improved bid for Manchester United. As before, the bid is for 100% of the club, will clear Manchester United’s debt and…
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Container Store plans layoffs, sales expected to decline further despite Bed Bath & Beyond closures
Even with rival Bed Bath and Beyond Inc. closing its doors, Container Store Group Inc. expects a sales decline to worsen, sending shares toward their lowest prices since 2020 on Tuesday afternoon. In its fiscal fourth-quarter earnings report, Container Store TCS, -6.64% reported Tuesday that annual revenue declined 4.3% to $1.05 billion, and executives surprisingly…
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IRS will launch free tax-filing pilot in 2024. TurboTax, H&R Block and Republicans are opposed.
After a months-long review, the Internal Revenue Service will test a free federal tax-filing pilot program, IRS and Treasury Department officials said Tuesday. Though many details about the pilot program still need to be worked out, the upcoming test run could mark the start of a new, free alternative to paid preparers and tax software…
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CPT Stock Price | Camden Property Trust Stock Quote (U.S.: NYSE)
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