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As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt

Hi MarketWatchers. Don’t miss these top stories. As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike. Read More Colleges used pandemic-era relief funds to cancel nearly $1.5 billion …

As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt Read More »

Walgreens Boots Alliance Inc. stock rises Wednesday, still underperforms market

Shares of Walgreens Boots Alliance Inc. WBA, +0.87% inched 0.87% higher to $37.18 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 4,119.21 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. This was the stock’s …

Walgreens Boots Alliance Inc. stock rises Wednesday, still underperforms market Read More »

Microsoft Corp. stock rises Wednesday, outperforms market

Shares of Microsoft Corp. MSFT, +1.99% rose 1.99% to $252.75 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 4,119.21 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. This was the stock’s second consecutive day …

Microsoft Corp. stock rises Wednesday, outperforms market Read More »

US job openings climb to 11 million at the end of 2022. The labor market is still too strong for the Fed

The numbers: Job openings in the US rose to a five-month high of 11 million in December, a sign the labor market was still extremely tight despite a slowing economy and more layoffs in some sectors such as high tech. Job listings increased from 10.4 million in December, the Labor Department said Wednesday. The number …

US job openings climb to 11 million at the end of 2022. The labor market is still too strong for the Fed Read More »

Eurozone Unemployment Rate Stabilized in December, Signaling Labor-Market Resilience

By Xavier Fontdegloria The eurozone’s unemployment rate held up at its record low in December, highlighting the strength of the labor market at the end of the year even as the economy lost steam. The eurozone unemployment rate was 6.6% in December, unchanged from November, according to data from the European Union’s statistics agency Eurostat …

Eurozone Unemployment Rate Stabilized in December, Signaling Labor-Market Resilience Read More »

Berkshire Hathaway Inc. Cl B stock falls Monday, still outperforms market

Shares of Berkshire Hathaway Inc. Cl B BRK.B, -0.60% shed 0.60% to $307.33 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.30% falling 1.30% to 4,017.77 and Dow Jones Industrial Average DJIA, -0.77% falling 0.77% to 33,717.09. This was the stock’s third …

Berkshire Hathaway Inc. Cl B stock falls Monday, still outperforms market Read More »

Nasdaq falls 1.2% to lead stock market lower as Fed decision, tech earnings await

US stocks were lower Monday at midday to kick off a big week that features a Federal Reserve interest-rate decision, a jobs report and several key technology-sector earnings reports. What’s happening The Dow Jones Industrial Average DJIA, -0.33% was down 65 points, or 0.2%, at 33,913. The S&P 500 SPX, -0.85% declined 26 points, or …

Nasdaq falls 1.2% to lead stock market lower as Fed decision, tech earnings await Read More »

SoFi stock rockets as earnings bring ‘major positives’ on profits and growth

SoFi Technologies Inc. shares were rocketing in morning trading Monday after the digital financial services company exceeded expectations with its latest earnings and said that it expects to be profitable on a GAAP basis by the fourth quarter of this year. The company saw its fourth-quarter losses narrow to $40 million, or 5 cents a …

SoFi stock rockets as earnings bring ‘major positives’ on profits and growth Read More »

SoFi stock gains after company gives upbeat 2023 earnings forecast

Shares of SoFi Technologies Inc. SOFI, +4.03% were rising 7% in premarket trading Monday after the digital financial services company delivered an upbeat earnings forecast for the full year ahead. The company posted a fourth-quarter net loss of $40.0 million, or 5 cents a share, compared with a loss of $111 million, or 15 cents …

SoFi stock gains after company gives upbeat 2023 earnings forecast Read More »