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Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in the country. … Read more
Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and jumped into NFTs, or non-fungible tokens, last year. “It was a learning curve for me,” he told MarketWatch. … Read more
Text size Uncredited U.S. stock and bond markets will be closed Monday for Memorial Day. A handful of major companies report later this week, with the economic-data highlight being jobs Friday. HP and Salesforce . com will report on Tuesday, followed by Chewy, GameStop , and Hewlett Packard Enterprise on Wednesday. CrowdStrike Holdings , Hormel Foods , Lululemon Athletica , … Read more
Apple is the last FAANG standing—and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further. As bad as this year has been for the stock market, it’s been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% … Read more
Text size Courtesy UiPath UiPath shares were sinking in premarket trading Thursday after the robotic-process automation software company reported a wider-than-expected loss in the fourth quarter and issued a first-quarter revenue forecast that also was below Wall Street expectations. UiPath (ticker: PATH) posted a loss of 12 cents a share in the quarter vs. analysts’ … Read more
Text size Amazon packages Thomas Samson/AFP via Getty Images Picking beaten-up growth stocks might not feel like a good idea these days, amid rising interest rates, inflation, and geopolitical chaos, But there is a price for everything and the recent selloff has left several large-capitalization growth stocks at levels Wall Street appears to love. Arguing … Read more
Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. Alphabet’s path to a stock split is more difficult than it was for Apple Inc. AAPL, -0.10%, which has split its … Read more