During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever
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From medieval comedy to futuristic thrills, Amazon’s Prime Video has got it all in October, including a full slate of freaky Halloween movies. Chloë Grace Moretz (“Kick-Ass,” “Let Me In”) and Gary Carr (“The Deuce”) star in the new sci-fi series “The Peripheral” (Oct. 21), based on the bestselling novel by William Gibson. Set in
Last year, the phenomenon of retail investors bidding up short-squeeze stocks or securities that featured intense bearish sentiment caught like wildfire. This year, circumstances changed dramatically. With the Federal Reserve set to raise the benchmark interest rate until inflation normalizes, the framework for highly risky ventures diminished. Still, short-squeeze stocks represent powerful forces in the
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other central banks by not hiking interest rates. The dollar USDJPY, -0.91% dropped swiftly, trading at 142.20 yen from 144.08 yen on Wednesday, in action timed
Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three-quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bespoke Investment Group as its third leg down. “Where this bear market ultimately bottoms is anyone’s guess, and events outside
U.S. stock futures struggled for direction on Wednesday, ahead of another expected sharp rate rise by the Federal Reserve and after Russian President Vladimir Putin escalated his war against Ukraine. How are stock index futures trading S&P 500 futures ES00, +0.23% rose 5 points, or 0.1% to 3878 Dow Jones Industrial Average futures YM00, +0.27%
Beyond Meat Inc. late Tuesday said it suspended Chief Operating Officer Doug Ramsey, who was arrested over the weekend and charged after allegedly biting a man’s nose during an altercation in Arkansas. Jonathan Nelson, senior vice president of manufacturing operations, will oversee operational activities on an interim basis, Beyond Meat BYND, -6.04% said in a
If you’re looking for an electric SUV that will duplicate all the sounds and visceral feelings of a gasoline-powered car, the Nissan Ariya isn’t it. In a world of piped-in sounds and electronic exhaust notes, the new 2023 Nissan Ariya goes with “quiet and serene” instead. Is that a good choice? Yes. For years, Nissan NSANY, +0.13%
Short-squeeze stocks are back on many investors’ radars as meme stock mania appears to be in full swing once again. The experts who thought the trend was over are in for a rude surprise. The prominent recent moves of stocks like Bed, Bath and Beyond (NASDAQ:BBBY) illustrate meme stocks are still a force. A short
Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.” Testifying in Milton’s securities-fraud trial, Russell said that before coming on board in 2019 as president of Nikola NKLA, -10.55%, he and Milton reached an agreement
After some challenging months in 2022, investors of California-headquartered workforce-management software company Asana (NYSE:ASAN) finally got some good news. For one thing, the company posted results indicating sizable big-client spending boosts. On top of that, a Meta Platforms (NASDAQ:META) co-founder (known as Facebook when he co-founded it) just took a large position in Asana. All in
The eyes of the world are on Westminster Abbey in London for the funeral service of Queen Elizabeth II. The coffin used to lay Britain’s longest-serving monarch to rest has been attracting plenty of attention. In keeping with royal tradition, the coffin is lined with lead, according to Metro, which reports that the tradition dates
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS The stock market’s trend is relentlessly bearish Plus, a new recommendation is a ‘straddle purchase’ on the S&P 500. Read More There’s hardly any good news in the
Many people pondering retirement focus primarily — sometimes exclusively — on the financial part, to avoid outliving their money. But in Joe Casey’s new book, “Win the Retirement Game,” the Princeton, N.J., retirement and executive coach and Retirement Wisdom podcast host writes that nine other forces may be “trying to steal your joy.” In my
Peter Diamond, winner of the Nobel Prize in economics in 2010, has shied away from the press for most of his long and illustrious career, explaining that he’s concerned about being misunderstood. Given the chance to interview him, MarketWatch jumped at it. His supporters think Diamond is probably the smartest of economists. His selection by
Food prices continued to rise in August, putting pressure on lower- and middle-income households in particular. The cost of food for home preparation were up 13.5% as compared with August 2021, the highest rate of growth since March 1979, government data show. The annual rise in the U.S. consumer price index was 8.3% in August.
The S&P 500 index on Friday broke below a closely watched support level that could augur a deeper slide, chart watchers warned. Technical analysts have identified the 3,900 level as the bottom of an important range of support for the large-cap benchmark. The S&P 500 SPX, -1.44% ended Thursday at 3,901.35 as stocks stumbled in
Uber Technologies Inc. said it was investigating “a cybersecurity incident” Thursday, and reportedly took several internal systems offline as it tried to find the extent that its network was compromised. The New York Times reported that Uber employees received a message Thursday afternoon reading: “I announce I am a hacker and Uber has suffered a
Video-game retailer GameStop (NYSE:GME) seeks to enter into the worlds of cryptocurrency trading and the metaverse, it seems. Is this a sufficient reason to buy GME stock, though? Probably not, as GameStop’s financial results are subpar. Meme-stock traders might not heed this warning, but long-term investors should check GameStop’s fundamentals before taking a position. Reddit users
Believe it or not, there is some sanity to the chaos in oil prices, which have climbed this year to their highest since 2008 only to fall back to their lowest in eight months. “The market is overreacting to fears either due to expected tightness in supply or, as currently is the case, worries about weaker