Meta stock spikes nearly 20% as cost cuts and $40 billion for investors overshadow earnings miss

Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta Meta, +27.57% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more

Google’s ‘lowest-paid workers’ ask for raises and benefits at headquarters rally

Michelle Curtis has rated Google searches professionally for eight years — training, testing and evaluating the algorithms for the company’s dominant search engine — while making $13.50 an hour. On Jan. 1, Curtis received a raise to $14.50 an hour, which is still lower than the $15 minimum hourly wage that Alphabet Inc. GOOGLE, +7.28% … Read more

Opinion: ‘It’s payback time.’ US stocks have been a no-brainer moneymaker for years — but those days are over.

If you owned US stocks over the past decade, you’ve been richly rewarded. It’s payback time. Over the next decade or two, investors will experience bull and bear markets, but at the end of the journey they will not be far from where they started. When you own a stock, your returns come from two … Read more

Wall Street to Jerome Powell: We don’t believe you

Do you want the good news about the Federal Reserve and its chairman Jerome Powell, the other good news…or the bad news? Let’s start with the first bit of good news. Powell and his fellow Fed committee members just hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers … Read more

Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more

I’m a retired mom, and want to buy an apartment in New Jersey with my daughter. Should we sell her home and buy now — or sell and wait for house prices to fall?

Dear MarketWatch, I’m from New Jersey. My daughter and I are looking to invest in a multi-family unit for our family. I’m retired and live in a luxury apartment paying $2,000 a month for rent, soon to increase to $2,200. My daughter is a homeowner and her property currently has $75,000 to $100,000 in equity. … Read more

Mansion destroyed by fire last year and listed on Zillow was off the market within a week

The real-estate sector is still red hot, as one recent listing proves. A recent listing on Zillow Z, +3.23% went viral recently after users spotted the highly unusual photos of a property that was ablaze. Despite its burnt status, which is likely to require extensive repair work, it went under contract within the week. The … Read more

The ‘best job in America’ pays over $120,000 a year — and can offer a low-stress, healthy work-life balance

We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in the wake of the worst days of the pandemic, most US job switchers and others seeking employment want to land a … Read more

‘As he reminds me, it’s not his house’: My boyfriend lives in my house with my 2 kids, but refuses to pay rent or contribute to food and utility bills. What’s my next move?

Dear Quentin, My boyfriend and I come from completely different backgrounds. I am in my mid-30s and he is 40. We both own our own homes, and had a life built prior to meeting. We have now been together for five years and we have lived only at my house for the last 2.5 years. … Read more

Bed Bath & Beyond may be heading for a ‘meme squeeze’

Troubled home-goods retailer Bed Bath & Beyond may be heading for a ‘meme squeeze,’ says analyst Ihor Dusaniwsky of S3 Partners. Bed Bath & Beyond Inc. BBBY, +50.14% announced the closure of almost 130 stores on Tuesday as it attempts to resolve its financial woes. The company announced the closures, along with third-quarter results that … Read more