SpaceX rockets set new launch record in 2023
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images Elon Musk’s SpaceX smashed its previous annual record for orbital rocket launches, pulling off 96 successful missions in 2023 at a blistering average launch pace […]
Treasury yields end mostly higher but little changed on year after wild 2023
An earlier version of this article incorrectly stated the length of time between 10-year yields topping 5%. The article has been corrected. Treasury yields ended mostly higher Friday but finished 2023 not far from where they started, after a wild year that saw the 10-year rate hit a 16-year high above 5% before retreating into […]
Chicago business-activity index retreats in December
The Chicago Business Barometer, also known as the Chicago PMI, fell 8.9 index points to 46.9 in December. Economists polled by the Wall Street Journal had forecast a 50 reading. The index had jumped to 55.8 in November, the highest level in 17 months, after the end of the United Auto Workers strike. Readings below […]
Companies losing pricing power after years of unbridled spending
A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options. […]
Why Social Security had a disastrous 2023
The Social Security scandal got even worse this year. Social Security, the pension system on which nearly all of us will rely, hurtled closer to disaster this year after another twelve months of political inaction and disastrous returns on the fund’s investments. Stop me if you’ve heard this one before. Data from the Social Security […]
Google settles $5 billion consumer-privacy lawsuit: report
Alphabet Inc.’s Google has agreed to settle a consumer-privacy lawsuit that alleged the company secretly tracked millions of people who thought they were browsing the internet privately, according to a Reuters report Thursday. The lawsuit sought at least $5 billion. Settlement terms were not disclosed, but the lawyers said they expected to present a formal […]
November pending home sales unchanged, despite lower mortgage rates
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are […]
These ETF strategies won big in 2023. How one analyst sees them doing next year.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETF strategies that have exploded in popularity in 2023, and whether they will continue to gain momentum in the year ahead. Please send tips or feedback to isabel.wang@marketwatch.com or to christine.idzelis@marketwatch.com. You can also follow […]
Boeing urges inspections of 737 Max planes for ‘possible loose bolt’
The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest quality issue to affect the manufacturer’s bestselling jetliner. The company […]
Cheddar News sold by Altice USA to media company Archetype
The Cheddar News logo is seen on a smartphone and PC screen. Sopa Images | Lightrocket | Getty Images Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. CNBC previously reported rumblings of a possible […]
