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'It wasn't sustainable or real': Tech layoffs approaching Great Recession levels

‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels

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The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …

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“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait?

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait?

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Dear MarketWatch, Along with a sibling, I own a 40+ bedroom rental property in the Caribbean, where we do weekly rentals. It is near the city center but needs repairs and renovations. Is it a good time to go to the bank for a renovation loan? We are also open to changing our business model. …

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait? Read More »

Even JPMorgan bullish strategist Kolanovic says the markets are getting ahead of themselves. Here's what he and a Goldman strategist say do now.

Even JPMorgan bullish strategist Kolanovic says the markets are getting ahead of themselves. Here’s what he and a Goldman strategist say do now.

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A bullish day is looming for equities after more upbeat inflation news as producer prices fell more than expected. That’s when the clock ticks down to Wednesday’s retail sales report. But while some investors cling to hope that last week’s stock run started with last week’s weaker CPI inflation report, Wall Street remains wary, with …

Even JPMorgan bullish strategist Kolanovic says the markets are getting ahead of themselves. Here’s what he and a Goldman strategist say do now. Read More »

Markets are getting a wake-up call in 2023, says Morgan Stanley, which is offering a plan for investors to prepare.

Markets are getting a wake-up call in 2023, says Morgan Stanley, which is offering a plan for investors to prepare.

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Federal Reserve Governor Christopher Waller and several strategists said last week’s weaker-than-expected October CPI, which sent the S&P 500 to its best level in five months, was overblown. His words could be heard as stock futures point to a softer start in the last full week before the start of Thanksgiving. We will also have …

Markets are getting a wake-up call in 2023, says Morgan Stanley, which is offering a plan for investors to prepare. Read More »

Stock market rally amid FTX blast and Facebook-parent layoffs, says investors could whistle past recession graveyard

Stock market rally amid FTX blast and Facebook-parent layoffs, says investors could whistle past recession graveyard

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Investors stunned by last week’s strong rally in stocks may want to listen to Tom Waits’ song, 1978’s “Whistlin’ Past the Graveyard,” to sober up the dangers that still lurk. The surge in stocks catapulted the S&P 500 SPX index, +0.92% TO SPY, +0.97% almost back to the 4,000 mark on Friday, also taking it …

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FTX's jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: 'It's about people getting ahead on their skis'

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’

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Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to famed biotech startup Theranos, in a conversation with MarketWatch. . “It’s not like Theranos,” he said. In a phone interview on Friday, Draper said he was unaware of any comparison between …

FTX’s jaw-dropping collapse had nothing to do with Theranos, says venture capitalist and crypto bull Tim Draper: ‘It’s about people getting ahead on their skis’ Read More »

Disney stock drops to worst day since 2001 after 'massive drop in profits'

Disney stock drops to worst day since 2001 after ‘massive drop in profits’

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Walt Disney Co. has a profit problem, and it has helped send the media giant’s shares to their worst daily performance in more than two decades. Although Disney DIS, -13.16% posted record sales in its most recent fiscal year, executives stunned investors with their segment operating profit forecast, which the company uses “as a measure …

Disney stock drops to worst day since 2001 after ‘massive drop in profits’ Read More »