As the nation’s pipes and treatment plants age, water-main breaks and boil-water advisories are becoming increasingly common. WSJ explains how decades of disinvestment brought the country’s water infrastructure to a tipping point. Photo illustration: Ryan Trefes
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
Novartis stock surged Monday after the company's treatment reduced the risk of relapse in patients with early-stage breast cancer.
Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a
Investors need to pay close attention to First Republic (FRC) stock based on the movements in the options market lately.
This money management maven doesn't mince words when it comes to financial faux-pas.
Read this before you trade in your gas guzzler.
Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
While we see the recent market environment, one colored by the string of bank failures and subsequent stock market choppiness, driving favorable March options volumes for Cboe, the upward move in the shares has closed the potential upside to our $140 price target. As we write this alert, there is roughly 7% upside to that price level, which is leading us to downgrade the shares to a Two rating from One. While wheat prices are continuing to trade off following the renewal of an agreement that allows for the safe Black Sea export, as we pointed out in last week's Roundup, corn, soybean and even wheat prices remain above 2020 levels.
Carnival Corp (NYSE: CCL) shares are edging down 0.6% following its Q1 results. CCL reported first-quarter FY23 sales of $4.43 billion, beating the consensus of $4.33 billion. Revenue grew 95% from 2019 levels and jumped 173% from $1.6 billion in the prior year. Passenger Cruise Day (PCD) increased 180.5% Y/Y to 20.2 million. Occupancy for Q1 was 91%. Available lower berth days (ALBD) for Q1 were 22.1 million. Total customer deposits as of February 28, 2023, totaled $5.7 billion. Selling and adm
Living at home gives them a chance to save up and live cheaply. But should they do it at your expense?
Analysts think the EV maker will meet or deliver more cars than what Wall Street expects for the first quarter.
(Bloomberg) -- Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkFirst Citizens to Buy SVB After Biggest Failure Since 2008Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsStocks Pare Gains on Tech Weakness; Bonds Retreat: Markets WrapAmmar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped trigger a slump in the stock and bonds that prompted the Swiss government to step in and
A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker's flagship assembly plant. Last year, a judge slashed the $137 million verdict that the jury awarded in 2021 to plaintiff Owen Diaz, one of the largest ever in a U.S. workplace discrimination case. Diaz's lawyers rejected the lower payout and opted for a new trial on damages.
The Dow Jones Industrial Average rose 0.5% at noon on Monday. The blue-chip index held slender gains as it traded off its morning highs. The Nasdaq declined 0.6%. Aircraft bellwether Boeing and bank leaders Goldman Sachs and JPMorgan all rose.
Energy Transfer LP (NYSE: ET) has agreed to acquire Lotus Midstream Operations, LLC from an affiliate of EnCap Flatrock Midstream (EFM) for ~$1.45 billion. The consideration consists of $900 million in cash and ~44.5 million newly issued Energy Transfer common units. Lotus Midstream owns and operates Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin. The acquisition also includes a 5% equity interest in the Wink to Webster Pipeline, a 650-mile pipeline
To get a deal done, government regulators agreed to a series of concessions.
Merck (MRK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. Iger said Disney would begin notifying the first group of employees who are impacted by the workforce reductions over the next four days.
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