WASHINGTON — Federal investigators contacted at least two aides to former President Donald Trump months before the FBI searched his Mar-a-Lago resort and have sought to talk to them again in recent weeks, people familiar with the matter said, as the Justice Department examines possible obstruction of its efforts to retrieve hundreds of government and classified documents. The aides,
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Former Treasury Secretary Larry Summers was one of the first prominent economists to warn that federal policymakers were underestimating the threat of persistent inflation, and today he is worried about a global economic crisis that could result from central banks’ efforts to fight rising prices. “We’ve got the most complex, disparate and cross-cutting set of
We never were the same after last summer. Stubbornly high inflation rates in recent months and several interest-rate hikes by the Federal Reserve are impacting consumer behavior. That’s according to company earnings reports, market-data analytics and consumer surveys. Inflation reached 8.2% in September on the year, the Bureau of Labor Statistics said Thursday, clinging to
Cadre, the financial technology company focused on real-estate investing, is launching the Cadre Horizon Fund with minimum investments as low as about $1,000 when it becomes registered with the Securities and Exchange Commission as a real-estate investment fund (REIT), MarketWatch has learned. With the benefit of crowdfunding regulations established in the 2012 JOBS Act as
U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grapple with the impact of Commerce Department semiconductor export restrictions. State-owned Yangtze Memory Technologies Co. is facing a freeze in support from key suppliers including KLA Corp. KLAC, -2.17% KLAC -2.17%▼ and Lam Research Corp.
Investors are nervously awaiting the start of the third-quarter earnings season, which kicks off this week with reports from some of the big banks. Obviously, some earnings reports will be more important to watch than others. There are companies that serve as bellwethers for their industries or the economy on the whole. And there are
European Central Bank President Christine Lagarde criticized the fiscal policies of some European countries as counterproductive to the fight against inflation during an interview at the Institute of International Finance’s annual meeting Wednesday. “‘We’re not exactly operating in strict parallel, but we have to act in a cooperative way because if we don’t, then monetary
Scarier days lie ahead for the stock market, according to Mizuho Securities. While the S&P 500 SPX, -0.65% has fallen about 25% from its peak this year, there’s “more pain to come” for equity-market bulls embarking on a “misguided ‘buy the dip’ strategy,” Mizuho’s team of U.S. economists warned in a Tuesday client note. Such
The economy has been facing severe headwinds, with only a few sectors holding firm. Earlier this year, several technology stocks were doused in red ink after their Q4 earnings calls. However, as more companies start reporting their third quarter earnings for this year, here are some of the top stocks to watch. The post-pandemic boom
Like some sort of M.C. Escher painting, strategists at Goldman Sachs say it’s time to pivot from the talk of a pivot. Last week saw Federal Reserve pivot hopes, and fears, determine the direction of trade — stocks rallied on falling job openings data, only for those gains to fade in the face of an
China was a hot topic during Monday night’s U.S. Senate debate in Cleveland, as Democrat Tim Ryan sought to link Republican J.D. Vance to thousands of manufacturing jobs leaving the state. Ryan, who has represented districts in northeast Ohio in the U.S. House since 2003, argued that his venture-capitalist opponent invested in companies that outsourced
For job jumpers, the excitement of a new position and higher salary may be a lure to change companies, but it’s important to remember the 401(k) you have built at the company you’re leaving behind. The short tenure rate—which measures the fraction of positions that end after being held for less than a year—started rising
Democrats and Republicans are divided on how abortion policy should be applied in the U.S. What’s more, those divisions exist clearly within members of both parties. More than half of Republicans prefer each state to create its own policy on abortion. This includes 55% of moderate Republicans and 69% of conservative Republicans. Far fewer (34%
Should you buy stocks now, or wait? Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5%
Dear Quentin, My mother passed away four years ago and my stepfather is now in poor health. While he has two biological children, he has been estranged from them for decades. Most of his assets have been left by naming beneficiaries or right of survivorship. His will addresses leaving a mineral trust to his two
Semiconductors — or chips — are everywhere. Even if we seldom see them, they essentially power our digital lives. In August of this year, President Joe Biden signed the Chips and Science Act into law. The legislation, which was approved with significant bipartisan support, allocates $52.7 billion in subsidies to the semiconductor — or chip
Rivian Automotive Inc. intends to recall about 13,000 vehicles due to a possible safety issue that has so far been found to have impacted several units, the company said Friday night. The maker of electric SUVs and trucks said that it was making the move to deal with an “insufficiently torqued fastener” that caused issues
[Editor’s note: “The Battery Maker Set to Soar 10X-Plus by 2030” was previously published in February 2022. It has since been updated to include the most relevant information available.] When it comes to stocks with enormous long-term upside potential, few look more compelling than QuantumScape (QS). As the leading solid-state battery maker, QS is developing
U.S. stocks fell sharply Friday, cutting into weekly gains, after September jobs data showed an unexpected fall in the unemployment rate that’s expected to reinforce the Federal Reserve’s resolve to keep tightening monetary policy. Investors were also weighing a profit warning at a leading microchip maker. What’s happening The Dow Jones Industrial Average DJIA, -1.51%
The end of the pandemic boom in personal-computer sales looks like it is going to hurt chip makers more than investors — and the companies themselves — may have expected. Advanced Micro Devices Inc. AMD, -0.13% stunned Wall Street on Thursday with news that its third-quarter revenue would come in a whopping $1 billion less