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China plays for influence in South Pacific with security proposal and diplomatic tour CNNUS, Australia fear growing Chinese military control in Pacific Al Jazeera EnglishChina's Pacific plan seen as regional strategic game-changer The Associated PressKiribati focuses on trade not security for China visit to remote Pacific island ReutersChina's Pacific tour spurs hopes and fears in tiny island nations Al Jazeera English
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Annualized U.S. inflation rate cools, according to the Fed's preferred measure
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The lights are flashing green for long-term growth opportunities for these two tech stocks.
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Old Navy blamed as Gap shares are down 16% in premarket trades Friday
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More attention should be paid to decisions over not providing guidance — they suggest the worst is yet to come
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 Canopy Growth Corp. shares fell 11% in premarket trades Friday after it said its fourth-quarter loss narrowed to C$574.6 million, or $1.46 a share, from C$700 million, or $1.85 a share in the year-ago quarter. Revenue for the three months ended March 31 fell to C$126.1 million from C$167.4 million in the year-ago period. Analysts expected Constellation Brands Inc.-backed backed Canopy Growth to report a loss of 30 cents a share on revenue of C$129.9 million, according to FactSet. Looking ahead, Canopy Growth expects to generate positive adjusted Ebitda in fiscal year 2024, excluding investments in BioSteel drinks and its U.S. THC businesses. "Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business," said CEO David Klein. "In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities -- particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market." Prior to Friday's trades, shares of Canopy Growth are down 35.5% in 2022 compared to a drop of 25% by the Nasdaq and a loss of 41.9% by the Cannabis ETF .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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There was one bright spot in the sector, though.
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The Fed's preferred gauge shows inflation rose 4.9% in April in a sign that price increases could be slowing CNBCKey inflation gauge slowed to still-high 6.3% over past year The Washington PostThe Fed's preferred inflation gauge rose 4.9% in April, near 40-year high Fox BusinessUS Inflation-Adjusted Spending: April Purchases Rose Underscoring Solid Consumer BloombergWhen is the US
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Questions are mounting about the law enforcement response to the Texas elementary school massacre CNNTexas school mass shooting: 10-year-old survivor recalls hearing shots and screams as gunman opened FOX 4 Dallas-Fort WorthUvalde, Texas shooter entered school undisrupted through unlocked door, DPS official says Fox NewsWaco woman reacts to shooting after growing up in Uvalde, attending Robb Elementary KWTXSt. Mary's University student lost her daughter i
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MercadoLibre is a success story that shows inflation is not necessarily an obstacle to rising profits.
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Stock market news live updates: Stock futures rise, S&P 500 looks to snap 7-week losing streak Yahoo FinanceGap, Workday, Big Lots Fall Premarket; Ulta Beauty, Dell Rise By Investing.com Investing.comDow Jones Futures Rise After Big Market Rally; Here's What To Do Now Investor's Business DailyStock market news live updates: Stocks surge as relief rally gains steam on upbeat earnings Yahoo FinanceMacy's, Twitter, Dollar General Rise Premarket; Nvidia, Apple Fall By Investing.com Investing.com
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Gallant Capital, an LA private equity firm formed by a pair of former Gores Group execs, is reportedly back fundraising eyeing up to $600m for its sophomore fund.
The post Gallant Capital said to seek $600m for second private equity fundraise first appeared on AltAssets Private Equity News.
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The lower-income consumer, which is Old Navy's target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
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US pension fund giant the New York State Common Retirement Fund has revealed another $1.38bn of alternatives commitments, including to a pair of Francisco Partners funds.
The post US pension giant NYSCRF backs Francisco Partners megafund among $1.38bn of alternatives commitments first appeared on AltAssets Private Equity News.
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NRA opens gun convention in Texas after school massacre The Associated PressView Full Coverage on Google News
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Dollar Tree and Dollar General reported quarterly earnings that beat expectations. NPR's Steve Inskeep talks to Harvard business professor Willy Shih about shopping during high inflation.
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Chancellor Rishi Sunak's measure comes as inflation hits multi-decade highs following the Russian invasion of Ukraine.
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 Investment management company T. Rowe Price Group (TROW) has been under pressure, with declining assets under management (AUM) amid rising inflation and the war in Ukraine. Its stock has slumped...
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Shares of Big Lots Inc. plunged 21.2% toward a two-year low in premarket trading Friday, after the home discount retailer swung to a surprise fiscal first-quarter loss and sales that fell more than forecast, as gross margin fell amid challenging changes in consumer demand. The net loss for the quarter to April 30 was $11.1 million, or 39 cents a share, after net income of $94.6 million, or $2.62 a share, in the year-ago period. The FactSet consensus was earnings per share of 95 cents. Sales fell 15.4% to $1.37 billion, below the FactSet consensus of $1.46 billion, while same-stores dropped 17.0% to miss expectations for an 11.4% decline. Gross margin contracted to 36.7% from 40.2% as selling and administrative expenses declined just 3.3%. For the fiscal second quarter, the company expects same-store sales to decline in the single-to-high single digit percentage range, compared with the FactSet consensus for a 1.5% decline. "We expect the environment to remain challenging and we remain highly focused on managing the business prudently, which includes aggressively right-sizing our inventories over the course of Q2," said Chief Executive Bruce Thorn. "We are focused on opening price points that drive traffic and improving gross margin rates through capitalizing on significant close-out opportunities, more targeted pricing and promotions, minimizing supply chain charges, and reducing shrink." The stock has already tumbled 32.0% year to date through Thursday, while the S&P 500 has lost 14.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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To ensure that you don't miss any of the deals, we've rounded up the best Memorial Day sales happening this weekend.
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After a decade-long bout with infertility and eventually having her daughter via surrogacy, she created pregnantish, the first media and patient advocacy platform dedicated to infertility and modern family building.
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U.S. may send long-range rocket systems to Ukraine; Russia captures more villages in Donbas. Follow our live updates CNBCSee what its like on Ukraine's front lines in war with Russia CNNRussia ‘expects' Ukraine to kowtow to its demands and accept the 'real situation that exists' Fox NewsRussia pounds Severodonetsk as fears grow it will become 'like Mariupol' New York Post Latest Russia-Ukraine War News: Live Updates The New York TimesView Full Coverage on Google News
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President Joe Biden had planned to announce forgiveness for student loans as soon as this weekend as he gives a speech at the University of Delaware's commencement, but that timing has changed after Tuesday's school shooting in Uvalde, Texas, according to a Washington Post report on Friday citing unnamed sources. White House officials currently plan to cancel $10,000 in student debt per borrower, limiting the forgiveness to Americans who earned less than $150,000 in the prior year, or less than $300,000 for married couples filing jointly, the report said. That would be in line with what was expected.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Your financial goals define the role dividend stocks can play (or not play) in your portfolio.
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The industry stalwarts can combat inflation and reward investors over time.
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If you have $77,280 that you can afford to invest, these stocks can turn that into $400 in recurring monthly income.
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 When planning for retirement, find a way to fit cash savings into the mix
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Pottstown, Pennsylvania explosion on Washington Street leaves at least 4 dead WPVI-TVView Full Coverage on Google News
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The best beaches also attract the largest crowds—unless you know where the hidden ones are.
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Companies that sourced cotton from the region in China are weighing evidence of forced labor, a lack of visibility into operations and new regulation.
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Americans will commemorate its fallen military personnel, and mark the unofficial start of summer, this Memorial Day, Monday, May 30. And the stock market will indeed be closed for Memorial Day, ensuring that investors can focus on the events of the day rather than watching the stock market continue its roller-coaster ways.
In many ways, 2022's day of commemoration is sure to feel more normal than the past two years. The COVID-19 pandemic largely clamped down on celebrations in 2020 and still cast a pall over 2021. And while the disease is far from contained, Americans clearly plan to travel.
SEE MORE The 10 Best Stocks for a Bear Market
AAA estimates that 39.2 million travelers will fly or drive this Memorial Day weekend ... still down from 2019's 42.8 million people who either booked flights or drove at least 50 miles to a destination, but up from last year's 36.2 million. That's naturally expected to keep upward pressure on gas prices, which have shot 40% higher from the start of 2022 alone.
But one thing that stays the same, year after year? Investors are getting a long weekend. Both the stock market and the bond market will be closed on May 30 in observation of Memorial Day. Also, the bond market will close early May 27, the Friday before Memorial Day.
Regular trading in stocks and bonds resumes on Tuesday, May 31.
Sign up for Kiplinger's FREE Closing Bell e-letter: Our daily look at the stock market's most important headlines, and what moves investors should make.
Here, we provide a schedule of stock market holidays and bond market holidays for 2022. Please note tha
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Most people work 35 to 45 years or more. It's a long haul, and when it's finally over, they deserve to enjoy their retirement. If they've been diligent about their saving and overall retirement planning, the fruits of their decades of labor can be quite rewarding.
SEE MORE Will Inflation Derail Your Retirement Plan?
Knowing how to navigate the distribution phase of retirement is crucial. And the first thing to know is that retirement planning doesn't end on your last day of work - when the distribution phase begins. This is when you start using the savings and investments built up during the accumulation phase to supplement regular income from Social Security, pensions and other income streams while supporting your retirement lifestyle. And though this new stage of life you've worked so hard toward can be fun and liberating, the idea of spending money with no income from work can cause stress and worry. Did you save enough, and will it last long enough?
Once you're ready to retire and are living off your assets, you can ease your concerns by having a strong grasp of your distribution plan. Here are some steps you can take to come up with a plan before retirement that will allow you to determine your income needs, take distributions smartly and retire comfortably.
Start with your priorities
If you plan to travel extensively, you'll want to build that priority into your budget. If you're a homebody, your priorities will be geared more toward maintaining your home and spending on your hobbies. Someone who wants to leave a legacy would have a different way of investing, because they're looking at long-term objectives with their money.
It helps to have an honest conversation with your spouse to see what's important to you both. Write down the top five things that matter to you and discuss them together.
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‘I get nervous when I read things like the divorce rate is 50% and rising.'
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The price of jet fuel is twice as much as it was last year, according to U.S. federal data - an ominous sign for cash-strapped summer revelers ahead of what is expected to be a busy travel season.
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Ecommerce group's Hong Kong shares rise 12% after beating earnings estimates despite Covid lockdowns
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China's Pacific tour sparks hopes, fears in tiny island nations Al Jazeera EnglishChina plays for influence in South Pacific with security proposal and diplomatic tour CNNChina's FM visits Kiribati, where fishing ground is at stake The Associated PressUS, Australia fear growing Chinese military control in Pacific Al Jazeera EnglishDeal proposed by China would dramatically expand security influence in Pacific The GuardianView
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Alibaba Group Holding Ltd. shares soared in Hong Kong trading on Friday, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.
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DLTR earnings call for the period ending March 31, 2022.
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Gap shares fell in the extended session Thursday after the clothing retailer turned in a wider-than-expected loss and issued a disappointing outlook.
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 Women in CEO role hit median pay of $16 million, but there are only 18 of them among 340 companies surveyed.
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An index of pending U.S. home sales slumped 3.9% in April and fell for the sixth month in a row, signaling a sharp slowdown in the real estate market due to record home prices and rising mortgage rates.
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Memorial Day travel: Amid record-high gas prices, millions plan trips The Washington PostMillions of Memorial Day travelers prepare to hit the road amid record gas prices l GMA ABC NewsHigher gas prices are ‘accepted' by Americans amid travel demand, energy economist says Fox BusinessYoung consumers poised to make their Memorial Day spending mark AdAge.comSan Diegans hit the roads for Memorial Day weekend, despite high gas prices CBS 8 San DiegoView Full Coverage on Google News
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U.S. stocks close sharply higher on Thursday, led by consumer and technology stocks, after a batch of better earnings reports from retailers and mostly benign economic data helped assuage investor concerns about a slowing economy.
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Stocks rose Thursday as Wall Street tried to rebound from a long string of weekly declines.
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Last week, 19 trade bodies, including the Interactive Advertising Bureau, filed for an emergency application supporting NetChoice and the Computer and Communications Industry Association (CCIA)--organizations that represent tech giants like Google, Amazon, and Facebook--against the Texas social media law. Known as the Texas HB20, the law stops social media platforms with over 50 million monthly...
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‘The stock market is my problem. My 401(k) is my problem.'
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