Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the … Read more
Jonathan Amy, a 74-year-old semi-retired neurologist in McLean, Va., is still awaiting a refund of nearly $10,000 on his 2020 taxes. His accountant electronically filed his extension statement in September 2021 and received a notification of acceptance from the Internal Revenue Service. Finally, last month, Mr. Amy contacted the Taxpayer Advocate Service, an independent watchdog … Read more
US policymakers watched with suspicion the hasty rescue of Credit Suisse CS -6.94% Group AG this weekend, hoping that its takeover by UBS Group HER stem a fall in financial stocks triggered by the recent failure of two regional banks. Late Sunday, the Fed and five major central banks announced a coordinated effort to improve … Read more
Dear Marketwatch, I am 38 years old and I wonder if I will ever be able to retire. In 2020, I bought a house for $649,000 with a 25% down payment. In 2022 I sold it for $1.3 million, took that money and reduced the cash payment. My total monthly housing expenses are still $1,500 … Read more
The federal bailout of Silicon Valley Bank depositors was staged with historic speed and may have saved the US economy from a devastating wave of bank failures, but it also highlights the potential need for a radical overhaul of the system. American Deposit Insurance and Banking Regulation. more generally. During a hearing before the Senate … Read more
Shares of Adobe Inc. rallied in extended trading on Wednesday after the software company beat Wall Street expectations for the quarter and raised its outlook, while anticipating that its acquisition of the design platform interactive Figma will close by the end of the year. Adobe ADBE, +0.08% shares rose 5% after hours, after gaining less … Read more
Swiss regulators said they would provide liquidity to Credit Suisse Group HER if necessary, offering a lifeline to the lender hard hit by concerns over its financial health. Investor confidence in Credit Suisse plummeted on Wednesday, sparking fears that a banking crisis centered on U.S. regional banks has spread across the Atlantic and is poised … Read more
Banking stocks plummet following the bankruptcies of SVB Bank SIVB, and Signature Bank SBNY, -22.87% ), but there are good reasons to make this investment against the grain. First, federal regulators have made it clear that they will back banks on the brink of depositor flight. The Federal Reserve will lend to banks against the … Read more
Ryan Reynolds has used his stardom and wit to make Mint Mobile a low-cost competitor in the congested wireless space. Mr. Reynolds, co-owner of Mint Mobile, was the personality for the company’s advertisements, both on television and on social media. Ads, like a recent one where he read ad copy written for him by Chat … Read more
Rising interest rates and stock market volatility over the past year have added further appeal to high-yield savings accounts and certificates of deposit offered by banks. Then came the resounding bankruptcy of Silicon Valley Bank, the closure of Signature Bank and the array of regional banks under pressure, all within days. Depositors of the two … Read more