How the ICE turmoil in Minnesota is starting to spill over to Wall Street
After two fatal shootings by federal immigration agents in Minneapolis this month, chief executives of more than 60 Minnesota-based companies called in an open letter…
Category: MarketWatch
Pinterest is slashing jobs and office space as it switches focus to AI roles
Pinterest’s stock drops after a disclosure that it plans to cut about 15% of its workforce, as it reallocates resources to AI-focused roles and products.…
Parents who took on student loans for their kids need to act fast before these key protections disappear
Major changes to the Parent Plus program are coming — but borrowers can take action to keep some options intact. View Source Betsy Mayotte MarketWatch.com…
American Airlines provides upbeat revenue outlook despite $200 million hit from winter storm
American Airlines’ stock rallied, as quarterly revenue missed expectations only because of the government shutdown. View Source Claudia Assis MarketWatch.com – Top Stories January 27,…
This earnings number is the only one that matters as a gut check on Big Tech’s AI spending
S&P 500 index-fund investors are locked into a big bet that AI capital expenditures will pay off. View Source Jurica Dujmovic MarketWatch.com – Top Stories…
Wall Street veteran who called the dot-com bust says the Magnificent Seven represent an even bigger bubble
Richard Bernstein says investors are ignoring a whole bunch of high-earning companies for the sake of a few tech giants. View Source Barbara Kollmeyer MarketWatch.com…
UPS delivers on fourth-quarter numbers, and its stock rises
UPS trades on a 30% discount to the S&P 500 on a price-to-earnings basis with a dividend of roughly 6%. View Source Jules Rimmer MarketWatch.com…
Here’s the lesson Deutsche Bank learned from previous gold rallies as it lifts target to $6,000
Deutsche Bank joined Wall Street peers in lifting its gold price forecast as the yellow metal rallies. View Source Steve Goldstein MarketWatch.com – Top Stories…
Wall Street veteran who called the dot-com bust sees a bigger bubble in Magnificent 7
Richard Bernstein says investors are ignoring a whole bunch of high-earning companies for the sake of a few tech giants. View Source Barbara Kollmeyer MarketWatch.com…
‘Luxury-phobia’ is turning the Chinese away from conspicuous consumption and toward ‘local hero’ domestic brands
An emerging stigmatization of wealth flaunting and a growing preference for more economical homegrown labels — exacerbated by stagnant property values — are red flags…