MarketWatch First Take: Dell returns to public markets with inscrutable numbers
Dell Technologies Inc. returned to Wall Street as a public company with financial results that were so inscrutable that average investors practically needed degrees in accounting to decipher them. On Thursday, the computer and storage company, which became a public company again at the end of December, reported a... Read more
Asia Markets: Asian markets mixed amid global geopolitical uncertainty
Asian stocks were mixed in early trading Thursday as investors remained cautious amid a spate of worldwide geopolitical concerns, including President Donald Trump’s summit with North Korean leader Kim Jong Un, U.S.-China trade talks, testimony by former Trump lawyer Michael Cohen, Brexit and conflict between India and Pakistan. Japan’s... Read more
Weight Watchers stock plunges 34% as earnings show mixed results, weak outlook
Weight Watchers International Inc. WTW, +0.61% late Tuesday reported mixed fourth-quarter results and weak guidance, saying it had a “soft start” to 2019, and shares plunged more than 30%. The company said it earned $44 million, or 63 cents a share, in the quarter, compared with $63 million, or... Read more
Stocks open higher as trade talks spark optimism
Stock benchmarks opened higher Friday morning, set to extend a weekly uptrend for equities, with President Donald Trump scheduled to meet China’s top trade negotiator, Vice Premier Liu He, later in the session. The Dow Jones Industrial Average DJIA, +0.46% gained 105 points, or 0.4%, at 25,954, the S&P... Read more
Voyager Therapeutics stock soars on AbbVie pact worth potentially $1 billion
Shares of Voyager Therapeutics Inc. VYGR, +17.78% ran up 14.2% in premarket trade Friday, after the gene therapy company and AbbVie Inc. ABBV, +0.24% announced a collaboration to develop antibodies to treat Parkinson’s disease. AbbVie’s stock was still inactive ahead of the open. Under terms of the collaboration, Voyager... Read more
Wayfair's stock surges after online retailer reports narrower loss than expected
Shares of Wayfair Inc. W, +28.15% shot up 5.1% in premarket trade Friday, after the online home furnishings seller reported fourth-quarter losses that were narrower than expected and revenue that beat forecasts. The net loss widened to $143.8 million, or $1.59 a share, from $72.8 million, or 83 cents... Read more
Kraft Heinz stock sinks 21% premarket after earnings miss, dividend cut
Kraft Heinz Inc. shares were suffering their biggest-ever one-day selloff as they plummeted toward record lows Friday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. Kraft Heinz KHC, -27.37%  shares plunged 27% in very active morning trade, sending shares below the $36 level;... Read more
The Wall Street Journal: Australia blames parliamentary cyberattack on foreign agents
CANBERRA, Australia —A cyberattack on Australia’s parliament was carried out by foreign agents, Prime Minister Scott Morrison said, coinciding with a warning from the country’s top intelligence official that spying against the key U.S. ally has reached unprecedented levels. Hackers on Feb. 8 sought access to computers systems in... Read more
America’s 1% hasn’t had this much wealth since just before the Great Depression
It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances shattered. “U.S. wealth concentration seems... Read more
America’s biggest meat producer wants to take a bite out of the vegetarian market
The biggest meat producer in the U.S. is going meatless. Tyson Foods, the maker of hot dogs, steak strips, and chicken nuggets, announced last week it plans to debut a vegan protein this year, marking its foray into the plant-based meat market as the demand for vegan options reaches... Read more