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Gold closes out Thursday trade higher, aims for weekly gain

Fannie Mae chief economist says the U.S. housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021

Hi, MarketWatchers. Don’t miss these top stories. The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break The share of Americans who said they were able to cover $400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read More …

Fannie Mae chief economist says the U.S. housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021 Read More »

VMware stock rallies 25% on reports Broadcom is weighing its third software acquisition in four years

VMware stock rallies 25% on reports Broadcom is weighing its third software acquisition in four years

VMware Inc. shares rallied Monday as Wall Street chimed in on reports that Broadcom Inc. is looking for a threepeat when it comes to software acquisitions. VMware VMW, +24.78% shares surged to finish up nearly 25% at $119.43 for a market cap of $50.29 billion. Late Sunday, several news outlets reported that Broadcom AVGO, -3.10% …

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Select lots of Jif peanut butter are recalled due to Salmonella scare

Before you make that PB&J, you may want to make sure your peanut butter hasn’t been recalled. The U.S. Food & Drug Administation (FDA) said Friday that the J.M. Smucker Co. SJM, -0.83% is “recalling select Jif peanut butter products sold in the U.S. due to potential Salmonella contamination.” The FDA noted that Salmonella is “an organism …

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'The weight of this debt is crushing': I'm 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?

‘We were surprised and appalled’: My wife and I enrolled our terrier, Spencer, at puppy day school. They used electric-shock collars. Should we ask for a refund? Or threaten to sue?

My wife and I adopted a terrier during the pandemic. It was the best decision we ever made, aside from getting married. But this is a close second.  We had some minor issues with Spencer — named after the late Diana, one of my wife’s favorite royal figures — “escalating the play,” according to one …

‘We were surprised and appalled’: My wife and I enrolled our terrier, Spencer, at puppy day school. They used electric-shock collars. Should we ask for a refund? Or threaten to sue? Read More »

Retail stock woes hit consumer sector ETFs as S&P 500 nears bear market territory

Retail stock woes hit consumer sector ETFs as S&P 500 nears bear market territory

Hello! It’s been a brutal week for consumer-sector stocks while the S&P 500 index is edging closer to bear market territory.  “My indicators suggest that the bear-market move can keep its hold through the summer months,” says Katie Stockton, founder and managing partner of Fairlead Strategies, in this week’s ETF Wrap. She also says her …

Retail stock woes hit consumer sector ETFs as S&P 500 nears bear market territory Read More »

U.S. stock futures slip a day after solid market bounce

U.S. stock futures slip a day after solid market bounce

U.S. stock futures slipped Wednesday, as investors reconsidered hawkish comments from Federal Reserve Chairman Jerome Powell. S&P 500 futures ES00 fell 0.4% to 4,065.75 Dow Jones Industrial Average futures YM00 fell 104 points, or 0.3%, to 32,478 Nadsaq 100 futures fell 0.8%, to 12,461 On Tuesday, the Dow industrials DJIA jumped 431.17 points, or 1.3% …

U.S. stock futures slip a day after solid market bounce Read More »

Stock investors are now starting to feel the 5 stages of bear-market grief

Stock investors are now starting to feel the 5 stages of bear-market grief

The bear market for stocks isn’t over. In fact, it may have aways to go. That’s because — even with the S&P 500 SPX, +2.02% 16% below its all-time high, and both the Nasdaq Composite COMP, +2.76% and the Russell 2000 Index RUT, +3.19% into bear-market territory — many investors are more focused on when …

Stock investors are now starting to feel the 5 stages of bear-market grief Read More »

Nestle rushes shipments of baby formula from Netherlands, Switzerland to help U.S. shortages

Nestle rushes shipments of baby formula from Netherlands, Switzerland to help U.S. shortages

Nestlé said Tuesday that it is rushing shipments of baby formulas to the U.S. to assist with a nationwide shortage that began late last year due to supply-chain disruptions.  “We have significantly increased the amount of our infant formula available to consumers by ramping up production and accelerating general product availability to retailers and online, …

Nestle rushes shipments of baby formula from Netherlands, Switzerland to help U.S. shortages Read More »