Mitsubishi UFJ to buy Australian fintech company Link
SYDNEY — Link Administration shares jumped after the company announced a 1.2 billion Australian-dollar (US$804.7 million) buyout by a unit of Japanese banking firm Mitsubishi UFJ Financial Group. Link’s shares LNK, +27.65% rose 27% to A$2.16 on Monday, after earlier hitting a high of A$2.19. The Australian financial technology company’s board is unanimously backing the […]
Illumina to sell cancer-test maker Grail after latest antitrust ruling
Illumina Inc. said Sunday it will sell its Grail unit, after a federal appeals court on Friday found the $7.1 billion acquisition in 2021 to be anticompetitive. In a statement Sunday, Illumina ILMN, -3.34%, which makes gene-sequencing products, said it will divest Grail and will not appeal the court’s decision. In October, European regulators had […]
Fed could be the Grinch who ‘stole’ cash earning 5%. What a Powell pivot means for investors.
Yields on 3-month BX:TMUBMUSD03M and 6-month BX:TMUBMUSD06M Treasury bills have been seeing yields north of 5% since March when Silicon Valley Bank’s collapse ignited fears of a broader instability in the U.S. banking sector from rapid-fire Fed rate hikes. Six months later, the Fed, in its final meeting of the year, opted to keep its […]
2024 expectations for Wegovy, Ozempic, Zepbound
George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market. The drugs skyrocketed in popularity in 2023 as they helped patients shed significant weight, despite hefty price tags, mixed insurance coverage and a handful of unpleasant side effects. […]
‘I didn’t see how this could happen’: My brother drained $200K from my mother’s savings
I read and hear so much about adult siblings who always got along, but suddenly start fighting among themselves when they are about to inherit their parents’ estate. I didn’t see how this could happen to my family — until now. We’re not at that point, but things are getting tense. I am the middle […]
Empty bottles: Alleged mastermind of $100 million wine fraud extradited to U.S.
These wines didn’t age well. The alleged mastermind behind a fine-wine investment strategy prosecutors say was actually a $100 million Ponzi scheme has been extradited to the United States to face criminal charges. Stephen Burton, 58, of the United Kingdom, was flown to New York from Morocco on Friday to be arraigned on charges of […]
‘I feel slighted’: My husband and I are in our 70s. We married 3 years ago. He’s leaving his $1.8 million home to a 10-year-old relative. Is that normal?
Dear Quentin, I am 73 and my husband is 76. We married three years ago, and I moved overseas to be with him. We are in excellent health and, statistically, we have another 10 to 15 years of life ahead of us. I have grown children in their 40s and one grandchild in the U.S. […]
These mutual fund and ETF tips help your portfolio ride the market’s wave
Don’t miss these top mutual fund and ETF investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How to make the most of your initial free financial adviser consultation Prioritize your goals and reasons for the visit and don’t expect a deep dive […]
GM’s Cruise dismisses nine key leaders amid safety probe
A Cruise self-driving car, which is owned by General Motors, is seen outside the company’s headquarters in San Francisco. Heather Somerville | Reuters General Motors’ Cruise autonomous vehicle unit has dismissed nine “key leaders” amid ongoing safety investigations sparked by an October accident in San Francisco, according to an internal message obtained by CNBC. The […]
Cadillac reveals three-row Vistiq to round out electric SUV lineup
The 2026 Cadillac Vistiq EV. Cadillac DETROIT — Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq, a replacement for its current gas-powered XT6. The General Motors luxury brand on Thursday released images of the Vistiq, which is expected to be its fifth EV, and slot […]
