This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Jeremy Owens: Hello, and welcome to On Watch by MarketWatch. I’m Jeremy Owens. It’s been another busy week here at MarketWatch as we cover the election. While the Newsroom continues to dive into Donald Trump’s win and what it means for the economy, we wanted to make sure you
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where
Jeffrey Gundlach speaks at the 24th Annual Sohn Investment Conference in New York, May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday that interest rates could shoot higher if Republicans end up controlling the House, securing a governing trifecta that gives President-elect Donald Trump free rein to spend as he pleases. Gundlach, a noted fixed-income investor whose firm manages over $96 billion, believes the higher government spending would
A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021. Andrew Kelly | Reuters CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner’s first at the helm of the troubled retail drugstore chain. The company expects elevated medical costs to continue to pressure its performance this year, “and as a
A Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, U.S., on Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images President-elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say. The legislation, which provides incentives for chipmakers to set up manufacturing in the U.S., became a point of contention in the final month
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia Mar marina will include a hotel and condo towers, along with a beach club, restaurants
TOKYO (Reuters) – Japan spent 3.168 trillion yen ($20.69 billion) on dollar-selling intervention on July 11 and 2.367 trillion yen on July 12, quarterly data from the Ministry of Finance (MOF) showed on Friday. The data represents a detailed daily breakdown of the previously revealed 5.53 trillion yen currency intervention made during the period from June 27 through July 29. Over those two days in July, the yen shot to
To fund a bigger war chest, Icahn Enterprises plans to halve dividend payout. Source link
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses. Source link
When a volcanic eruption buried the ancient city of Pompeii, the last desperate moments of its citizens were preserved for centuries Source link
