Fed Chairman Jerome Powell’s press conference Wednesday seemed to soothe the markets, with stocks DJIA, +0.29% again hitting record highs and no further flattening of the yield curve TMUBMUSD10Y, 1.606%. “Chairman Powell actually walked the fine line pretty well today and accomplished what he wanted to,” said Katy...
Giving a peek into how travel has rebounded from the effects of the COVID-19 pandemic, Booking Holdings Inc. said Wednesday that its third-quarter revenue more than doubled from the previous quarter and that room nights booked rose 44% year over year. Shares of Booking BKNG, -0.75%, whose brands include...
U.S. Treasury yields turned higher on Wednesday as investors digested a Federal Reserve statement that policy makers intend to begin winding down bond purchases and said the factors boosting inflation are expected to be transitory. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, 1.592%...
President Joe Biden has called for an all-of-government response to climate change that looks for solutions and opportunities in every sector of the U.S. economy. That includes agriculture, which emits over 600 million metric tons of carbon dioxide equivalent every year – more than the total national emissions of the United Kingdom, Australia, France...
The numbers: Restaurants and other service-oriented companies grew more rapidly in October as coronavirus cases fell sharply nationwide, even as they were hampered by persistent shortages of labor and supplies. An index based on a survey of senior business executives jumped to a record 66.7% from 61.9% in September,...
Under Armour Inc. reported third-quarter earnings and revenue that beat expectations and raised its outlook, but shares were still downgraded at CFRA with analysts raising concerns that positive results could soon turn sour. “We believe the valuation is stretched no matter how you look at it compared to peers...
The Value Gap is a MarketWatch Q&A series with business leaders, academics, policy makers and activists on reducing racial and social inequalities. Tim Ryan did not expect to become a leading voice in corporate America’s push for racial equality, diversity and inclusion when he first started putting together a plan...
It’s a sad moment for those who love Italian food — in particular, for those who always make a point of ordering a certain Italian dessert combining ladyfingers, coffee, chocolate and mascarpone cheese.   Yes, Ado Campeol, the restaurant owner whose place is often credited with inventing tiramisu, has...
Dear Quentin, I rented a three-bedroom apartment from the owner.  He got inconsistent rents via room rentals. Empty rooms paid $0. His rent was $500 per room. I took the entire rent upon myself: $1,500 a month plus utilities. Room rentals in the area were $700. I repainted. I...
ByteDance Ltd. founder Zhang Yiming has stepped down as chairman of the Chinese tech giant, according to reports late Tuesday, months after resigning as CEO of the TikTok parent. CEO Liang Rubo will take Zhang’s place as chairman, Bloomberg News and Reuters reported, citing sources familiar with the matter....