Opinion: ‘Steve Jobs Syndrome’ strikes as Disney brings back Bob Iger, but history says that’s a bad idea

Opinion: 'Steve Jobs Syndrome' strikes as Disney brings back Bob Iger, but history says that's a bad idea

Apple Computer Inc. brought Steve Jobs back to the company in 1997 and found amazing success, but that has led to a “Steve Jobs Syndrome” that convinces companies to bring back formerly successful top executives even as an academic study shows it may not be a good idea. The Walt Disney Co. DIS, +6.30% is … Read more

Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs

Markets will shift to a 'hope' phase next year, and investors would be wise not to miss it, says Goldman Sachs

Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stock futures in the red and the dollar higher ahead of Monday’s open. In a shortened week that will bring both Thanksgiving and the World Cup kickoff, investors have all sorts of excuses to head to the sidelines. Those sticking … Read more

As Qatar bans beer in stadiums, World Cup sponsor Budweiser touts promotional efforts in other countries

As Qatar bans beer in stadiums, World Cup sponsor Budweiser touts promotional efforts in other countries

The shock decision by Qatar to ban beer sales in stadiums appeared to leave World Cup sponsor Budweiser scratching its head on Friday, as it acknowledged “circumstances beyond our control.” Qatar’s abrupt reversal came just two days before the tournament kicks off, reportedly prompting a snarky and now-deleted tweet of “Well, this is awkward …” … Read more

Retail sales jump in October in sign of US economic strength. Too much for the Fed?

Retail sales jump in October in sign of US economic strength.  Too much for the Fed?

The numbers: Sales at retailers jumped 1.3% in October, signaling US consumers are still spending plenty of money despite efforts by the Federal Reserve to slow the economy. Retail sales were forecast to rise 1.2% last month, according to economists polled by The Wall Street Journal. That’s the biggest increase in eight months. Receipts rose … Read more

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more

Here are the industries that added the most jobs in October — and the ones falling behind

Here are the industries that added the most jobs in October — and the ones falling behind

The US economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is down slightly from September but still well above economists’ predictions of a 190,000-job gain. Despite high inflation, rising interest rates, slowing economic growth and deepening anxiety about a recession in 2023, the resilient US labor market delivered another … Read more

Amazon stock jumps 12% as sales beat and AWS growth overcomes a second straight quarterly loss

Amazon stock jumps 12% as sales beat and AWS growth overcomes a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. AmazonAMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

Was Fed's Powell dovish or not?  4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

Was Fed's Powell dovish or not?  4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

Visa tops earnings expectations as CFO sees 'no evidence of a pullback' in spending

Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unease about the state of the consumer given factors like rising inflation and higher interest rates, Visa V, -0.83% joined fellow card company American Express Co. … Read more