Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing. Read More How much should I tip my housekeeper? My husband says that we should tip the … Read more

Luxury Brands Spend More on Marketing, Defying Economic Uncertainty

Many luxury-good sellers aren’t feeling the same pressure to cut marketing budgets that has hit other categories in recent months, thanks to a booming market for luxury cars, travel packages and other premium products. Luxury brands are benefiting from pandemic-era growth in the net worth of the wealthiest consumers, along with the emergence of millennial … Read more

Nvidia says it’s in a ‘really good place’ for Lovelace gaming card launch, but at what price?

Nvidia Corp. told Wall Street analysts Tuesday that the launch of its next generation of gaming cards is well positioned, but one analyst questioned whether the higher-than-expected prices would weather a slump in consumer demand. During the keynote address of Nvidia’s NVDA, -1.54% GPU Technology Conference Tuesday, Chief Executive Jensen Huang unveiled gaming chips using … Read more

Nvidia says it’s in a ‘really good place’ for Lovelace gaming card launch, but at what price?

Nvidia Corp. told Wall Street analysts Tuesday that the launch of its next generation of gaming cards is well positioned, but one analyst questioned whether the higher-than-expected prices would weather a slump in consumer demand. During the keynote address of Nvidia’s NVDA, -1.54% GPU Technology Conference Tuesday, Chief Executive Jensen Huang unveiled gaming chips using … Read more

Peloton Unveils the Peloton Row. Why It Matters.

Text size Peloton Row Courtesy Peloton Peloton Interactive has unveiled a new exercise machine after a difficult few months for the at-home fitness company. Peloton (ticker: PTON) launched its highly anticipated Peloton Row, which has been in the works for years, on Tuesday. The company, best known for its bikes and virtual fitness classes, had … Read more

Food Supply Stays Tight as Disappointing US Harvest Adds to Global Challenges

A lackluster US harvest this year is setting back efforts to relieve a global food supply that has been constrained by Russia’s war in Ukraine, agriculture-industry executives said. Senior executives from companies such as Bayer AG BAYRY 0.99% Corteva Inc., CTVA 0.11% Archer Daniels Midland co. ADM 3.02% and Bunge Ltd. BG 2.01% said worldwide … Read more

WW Grainger Inc. stock outperforms market on strong trading day

Shares of WW Grainger Inc. GWW, +1.70% advanced 1.70% to $535.10 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.69% rising 0.69% to 3,899.89 and the Dow Jones Industrial Average DJIA, +0.64% rising 0.64% to 31,019.68. The stock’s rise snapped a five-day … Read more

Beyond Meat Stock Hits All-Time Low. Inflation Bites Plant-Based Industry.

Text size Beyond Meat stock has fallen 74% this year. Angela Weiss/AFP via Getty Images Beyond Meat shares hit an all-time low Monday, falling for the fifth consecutive day and dragging down other plant-based stocks as inflation has led consumers to shun the higher-priced products. Beyond Meat (ticker: BYND) has seen better days. In fact, … Read more

AMD and Intel Say PC Demand Is ‘Getting Worse.’ That’s Bad News for Chip Stocks.

Text size Intel headquarters in Santa Clara, Calif. David Paul Morris/Bloomberg So much for the vaunted second-half comeback. The two major computer chip companies are now acknowledging PC demand is fading beyond their already downbeat outlooks. On Monday, Bernstein analyst Stacy Rasgon published a report after meeting with senior executives at Intel (ticker: INTC ) … Read more

Intel and AMD Say PC Demand Is Deteriorating. That’s Bad for Chip Makers.

Text size Intel headquarters in Santa Clara, Calif. David Paul Morris/Bloomberg So much for the vaunted second-half comeback. The two major computer chip companies are now acknowledging PC demand is fading beyond their already downbeat outlooks. On Monday, Bernstein analyst Stacy Rasgon published a report after meeting with senior executives at Intel (ticker: INTC ) … Read more