Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will likely go up more (see the lowest mortgage rates you can qualify for here). But some markets are now a lot […]
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter […]
The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets. However, the S&P 500 SPX, -1.65% hanging on the precipice of a bear market — a decline of at least 20% […]
By Michael Susin Mirada PLC said Thursday that it projects its fiscal 2022 performance wil be in line with market expectations, driven by a robust customer pipeline. The London-listed provider of software for digital-TV operators and broadcasters said revenue for year ended March 31 is expected to be $11.0 million, compared with $11.1 million a […]
By Stuart Condie SYDNEY–Cloud-accounting software provider Xero Ltd.’s users are more concerned about a shortage of skilled labor than inflation or rising interest rates, Chief Executive Steve Vamos said. New Zealand-based Xero increased staff by 31% over the 12 months through March but its employee costs rose by 34% against the backdrop of what it […]
Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low on Monday, and sales of non-fungible tokens, aka NFTs, plummeted between January and March 2022. See also: Tom Brady will join Fox Sports as lead NFL analyst when […]
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]
Hi, MarketWatchers. Don’t miss these top stories. Everything you need to know to get your yard ready for summer This week we caught up with Jeff Keiter, our resident landscape architecture guru, who previously chatted with us about winter trends for your yard. Today we are talking about spring gardening, the best tools and the […]
This version corrects a prior version’s description of Robert Kaplan’s departure from the Dallas Fed. The Dallas Fed announced Wednesday that it has appointed Lorie Logan, a top Fed staffer, as its president and chief executive. Logan, 49, is currently an executive vice president at the New York Fed. She is the manager of the […]
The numbers: The US posted a budget surplus of $308 billion in April — the largest on record — owing to a large increase in federal taxes and lower spending after the end of government stimulus. Based on current trends, the government could register a budget deficit of under $1 trillion in fiscal 2022 for […]