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MarketWatch Breaking NewsMay 27, 2022
Old Navy blamed as Gap shares are down 16% in premarket trades Friday
Old Navy blamed as Gap shares are down 16% in premarket trades Friday

FT.com - China, Economy & TradeMay 27, 2022
China tech stocks: relief rally eases lockdown pain
More attention should be paid to decisions over not providing guidance — they suggest the worst is yet to come

MarketWatch MarketPulseMay 27, 2022
Canopy Growth shares drop on wider-than-expected loss
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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Entrepreneur.comMay 27, 2022
Down 35% in 2022, is T. Rowe Price Group Now a Buy?
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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KiplingerMay 27, 2022
Is the Stock Market Closed on Memorial Day 2022?
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


KiplingerMay 27, 2022
4 Keys to Planning Your Hard-Earned Retirement Income Distributions
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.



FT.com - China, Economy & TradeMay 27, 2022
Alibaba leads Chinese tech sector surge after first-quarter results
Ecommerce group's Hong Kong shares rise 12% after beating earnings estimates despite Covid lockdowns

MarketWatchMay 26, 2022
Economic Report: Pending home sales fall for sixth straight month due to high prices and mortgage rates
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.

Yahoo BusinessMay 26, 2022
Costco's Sales Were Better Than Expected. The Stock Is Down.


MarketWatchMay 26, 2022
The Moneyist: ‘What are the chances? I retire and the stock market crashes. All my plans are upside down.' I want to draw on my 401(k) to renovate my new home. What options do I have?
‘The stock market is my problem. My 401(k) is my problem.'
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