News

U.S. stock futures slide as Treasury yields climb amid tax bill debate
U.S. stock futures were lower early Wednesday morning as Treasury yields continued to climb. Investors worried a new tax bill could worsen the U.S. government's deficit following a Moody’s downgrade ...
Howard Marks still believes in U.S. exceptionalism — but perhaps not by as much
Howard Marks, the co-chairman of Oaktree Capital Management and one of the pre-eminent investors in the world, on Wednesday ...
Canada Apr New House Prices -0.4% On Month
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
Pfizer Loses Patent Suit Against South Korean Vaccine Maker
South Korean vaccine company SK Bioscience said it has prevailed in a lawsuit brought by Pfizer that accused it of infringing on the patent for the drugmaker's Prevnar 13 vaccine.
Yellow Pages to Buy Annuity Contracts in Bid to Bolster Defined Benefit Pension Plan
Yellow Pages said Wednesday it struck a deal with Bank of Montreal's life assurance arm that will allow certain retirees and beneficiaries to receive equivalent pension benefits from the insurer. It ...
T.J. Maxx Owner's Revenue Rises in Spring Selling Season
T.J. Maxx parent company TJX reported higher revenue for the spring quarter as each of its banners saw an increase in customer transactions.
Japanese 30-year bond yield hits 25-year high as global bond selloff worsens
The recent jump in Japanese government bond yields is making the selloff in Treasurys look tame by comparison, said Renaissance Macro's Jeff DeGraaf in a report shared with MarketWatch on Wednesday. D ...
Target Forms Acceleration Office to Support Return to Growth -- Update
Target on Wednesday said its chief operating officer, Michael Fiddelke, will oversee the effort, while Christina Hennington, its chief strategy and growth officer, is leaving the Minneapolis company ...
Bulls welcome the bond market recession indicator that gave a false reading. Hopefully.
Remember when the market was obsessed with the 10-year to 3-month Treasury yield spread as an economic indicator. Nicholas Colas, founder of DataTrek research does. In a note emailed on Wednesday, Col ...
TJX’s stock dips as same-store sales fall slightly short
First-quarter sales rose 5% to $13.1 billion, ahead of the analyst projection of $13.02 billion.
Malaysia Says Huawei-Linked AI Project Not Government-Backed
Huawei said in a statement Wednesday that it has not sold any Ascend chips in Malaysia, and that the Malaysian government has not purchased any Ascend chips from the company. Skyvast didn't ...
Moderna Pulls FDA Application for Flu-Covid Combo Vaccine
Moderna has withdrawn its pending application for a combination vaccine for both the flu and Covid-19, saying it will resubmit later this year once it has more data.