Microsoft Corp. stock falls Tuesday, underperforms market

Shares of Microsoft Corp. MSFT, -0.44% slide 0.44% to $236.41 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.21% falling 0.21% to 3,647.29 and Dow Jones Industrial Average DJIA, -0.43% falling 0.43% to 29,134.99. This was the stock’s third consecutive day of … Read more

Poor IPO-Stock Performance Weighs Further on New-Issue Market

Roughly 87% of companies that went public in the US last year are trading below their offering prices, down more than 49% on average as of Friday’s close, according to Dealogic. By rough comparison, the S&P 500 is down 23% this year, while the tech-heavy Nasdaq Composite has fallen 31%. Shares of insurer Oscar Health … Read more

Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quits the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components … Read more

Bitcoin Could Hit $500,000 in Next Decade, Says MicroStrategy’s Michael Saylor

Text size Bitcoin prices have plunged this year. Yuri Cortez/AFP/Getty Images Bitcoin could reclaim its November 2021 all-time high by 2026 and surge even higher if its valuation fundamentals change, according to high-profile cryptocurrency proponent Michael Saylor. Saylor—the chairman of business intelligence software company MicroStrategy (ticker: MSTR)—said at MarketWatch’s Best New Ideas in Money Festival … Read more

Larry Summers predicted inflation, but now he’s looking on the bright side

““I would give you one very simple economic truth: Would you rather live in a country that capitalists are rushing to go into, or would you rather live in a country capitalists are rushing to get out of?”“ —Larry Summers Economist Larry Summers on Wednesday sounded an ultimately optimistic note about the US economy despite … Read more

Palantir Technologies Inc. stock outperforms market on strong trading day

Shares of Palantir Technologies Inc. PLTR, +0.92% inched 0.92% higher to $7.69 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. Palantir Technologies Inc. closed $21.50 short … Read more

Salesforce Inc. stock falls Wednesday, still outperforms the market

Shares of Salesforce Inc. CRM, -1.45% shed 1.45% to $147.63 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s second consecutive day of … Read more

Microsoft Corp. stock outperforms market despite losses on the day

Shares of Microsoft Corp. MSFT, -1.44% slipped 1.44% to $238.95 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s fifth consecutive day of … Read more

How do cash advance apps work, and are they better than payday loans?

If asked to picture a payday lender, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “everyday’s payday.” You probably don’t picture a mobile app that advertises on TikTok and sports a colorful logo. But cash advance apps like Earnin and Dave provide advances with the … Read more