markets

DOJ Sues Google, Seeking to Break Up Online Advertising Business

DOJ Sues Google, Seeking to Break Up Online Advertising Business

The Justice Department is seeking the breakup of Google’s business brokering digital advertising across much of the internet, a major expansion of the legal challenges the company faces to its business in the U.S. and abroad. A lawsuit filed Tuesday, the Justice Department’s second against the Alphabet Inc. GOOG -1.98% unit following one filed in …

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Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply

Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply

Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth …

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Jim Cramer: My worldview for the first half of 2023 and the stocks that will win

Jim Cramer: My worldview for the first half of 2023 and the stocks that will win

Where did 2022 go so wrong and how can 2023 go right? I am constantly trying to show you how money managers work because — unlike almost everyone in “the business” — you can cherry-pick the parts that best suit your investing strategy. My goal for the Club has been simple and true: to replicate …

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Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes

Wall Street names these 20 Club stocks as top picks for 2023. Here’s the list and our takes

As we head into 2023, many of the major challenges in the stock market this year — including decades-high inflation, rising interest rates, a slower economy and a weaker consumer — are still unresolved. Against this backdrop, Wall Street analysts have been revealing the top stocks they believe can hold up, if not thrive, next …

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Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

Dow closes up 500 points, lifted by upbeat earnings, strong consumer confidence data

Stocks jump for a second day Stocks rose for a second day on Wednesday following upbeat earnings results from Nike and FedEx. The Dow Jones Industrial Average gained 526.74 points, or 1.6%, to finish at 33,376.48. The S&P 500 surged 1.49% to settle at 3,878.44, while the Nasdaq Composite jumped 1.54% to end at 10,709.37. …

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Apple CEO Tim Cook won't raise iPhone 14 prices. He must first deal with a fierce rival — and it's not Samsung

Apple CEO Tim Cook won’t raise iPhone 14 prices. He must first deal with a fierce rival — and it’s not Samsung

Apple has something more important than Samsung’s 005930, -0.71% flip phone to worry about: Inflation. None of the new iPhone 14 devices have increased prices relative to their iPhone 13 counterparts, Wednesday’s event showed, despite many analysts expecting the company to increase prices on high-end offerings. When Apple AAPL, +1.88% introduced the iPhone 13 last …

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Wall Street sell-off accelerates, Dow slides 600 points after Powell speech

Wall Street sell-off accelerates, Dow slides 600 points after Powell speech

Communications services sector, Big Tech names lead declines after Powell’s speech The communications services sector, which includes Big Tech stocks, drove the market sell-off that ensued following Federal Reserve Chair Jerome Powell’s speech. The S&P 500’s communications services sector slumped by 2.5% around 10:42 a.m. ET. Tech giants in the group helmed the decline, with …

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What this week’s retail earnings tell us about consumers and our stocks that depend on them

What this week’s retail earnings tell us about consumers and our stocks that depend on them

Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Results were all over the map for this week of retail earnings. But dig a little deeper, and there were some very clear themes — regardless …

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Asia-Pacific markets finished mostly flat following a quiet Wall Street

Asia-Pacific markets finished mostly flat following a quiet Wall Street

APEC ministers meet to revive tourism for the region Tourism ministers from regional member economies are coordinating their policies to revive the tourism and travel industry in the region, said the Asia-Pacific Economic Cooperation. They are considering a series of policy recommendations to ensure that the benefits of tourism are distributed fairly among local communities. These include …

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Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

The Philippines hikes interest rates by 0.5% Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company’s shares traded in the black by 3.1% on Thursday. Pau said there are other upsides, which included Tencent’s plans …

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