MarketWatch: Stock Market News - Financial News

Dow once again flirts with 20,000 as markets react to solid jobs report, improved wage growth
Dow once again flirts with 20,000 as markets react to solid jobs report, improved wage growth
Need to Know
Jobs report shows welcome wage growth but it’s still not enough for many workers
How to retire early: A 5-step plan
SPX 0.51%
After a harrowing holiday season, struggling department stores reach a ‘tipping point’
Weekend roundup: Retailers’ pain | A former insurance CEO on Obamacare | The wisdom of Charlie Munger
M 0.29%
These 3 things need to happen to effectively crack down on fake news
FB 2.10%

Personal finance
How to keep your parents’ assets from the taxman

Here are seven strategies that can save your parents money in their later years and limit the taxes owed by the estate after their death.
- The higher-income Americans who may pay more taxes under Trump
- The best piece of money advice you’ve never heard
Here is one area of New York City real estate that’s slowing down

Co-ops often cost less than condos at first, but usually have a higher monthly fee alongside the mortgage.
Inside MarketWatch

Apple cuts CEO Tim Cook's pay, citing performance

Apple Inc. said Chief Executive Tim Cook and other leaders received less total compensation in 2016 as the company missed its revenue and profit goals for the year. According to a regulatory filing on Friday, Apple said its annual sales of $215.6 billion were 3.7% below its target of $223.6 billion, and its operating income of $60 billion was 0.5% short of the $60.3 billion target.

Novartis agrees $1.6 billion deal to buy Ionis, Akcea drugs

Novartis AG NVS has agreed to pay up to $1.6 billion to Ionis Pharmaceuticals Inc. IONS and its unit Akcea Therapeutics for the rights to two cardiovascular drugs. The deal involves an upfront payment to Iona and Akcea of $75 million plus a $100 million equity investment in Iona. Novartis has also agreed to invest a further $50 million in either Ionis or Akcea within 18 months, as well as payments worth up to $1.4 billion should the drugs prove successful.

Bitcoin plunge continues; prices off 20% from recent highs

Bitcoin prices fell on Friday after the People's Bank of China warned local digital-currency exchanges that they must ensure that all trading complies with local laws and regulations. The statement, issued early Friday, sparked a selloff that carried the price to $900 a coin , down from a more than three-year high of $1,100 reached earlier in the week. Over the past two days, bitcoin has lost nearly 20% of its value, though it remains up more than 100% from its January 2015 low. Bitcoin watchers cite several factors, including a weakening Chinese yuan and rising geopolitical uncertainty in the West, as the reasons behind the digital currency's 2016 surge. "The Chinese authorities have given a slap on the wrist to the bitcoin industry," said Charles Hayter, chief executive officer and founder of CryptoCompare, which provides data and analytics about the cryptocurrency market.
Why TV networks are paying more to cover football games that no one’s attending
CMCSA 0.28%
Teva offers subdued earnings outlook, stock dips

Teva Pharmaceutical Industries Ltd. released a downbeat earnings forecast for fiscal 2017, sending shares lower. "The entire healthcare sector has faced significant headwinds, and we have not been immune," Chief Executive Erez Vigodman said. Last year, the drug industry as a whole showed signs of slowing the pace of price increases after years of increases amid pressure from politicians, consumers and employers.
Verizon’s dueling comments on Yahoo deal may confuse investors
VZ -1.50%
Judge’s unusual ruling on Amgen, Regeneron patent case puts billions of dollars at stake
AMGN 3.43%

Caroline Baum

The rest of the story: What Obama won’t tell you about his legacy

President Obama is about to give a speech about his legacy, but Caroline Baum has the rest of the story — the parts of the legacy that Obama won’t talk about.

Apple cuts CEO Tim Cook's pay, citing performance

Apple Inc. said Chief Executive Tim Cook and other leaders received less total compensation in 2016 as the company missed its revenue and profit goals for the year. According to a regulatory filing on Friday, Apple sa...

Need to Know

Time to go for ‘The Big Short’ with stocks? Here’s when you’ll know

The jobs report looks set to hog the spotlight as this week ends, though it’s got to share it with the CIA-critic-in-chief. Sell on the nonfarm payrolls data? It’s too soon to turn b...

Market Snapshot

Dow nears 20,000 after solid jobs report

Modest gains on Wall Street pushed the S & P 500 and Nasdaq Composite to record levels, while the Dow was trading within 40 points of the closely w...

SectorWatch

This new office trend lets you lie down at work

Economic Report

U.S. adds 156,000 jobs, wage growth surges to 7-year high

The U.S. added 156,000 new jobs in the final month of 2016 and worker pay rose at the fastest pace since the Great Recession, reflecting a surge in employment over the past six years...

The Tell

From $6,000 to $73 billion: Warren Buffett’s wealth through the ages

His story is well told. Warren Buffett, got in the investment game at the wee age of 11, eventually saving cash he earned from his paper route to b...

BRK.A 0.18%

U.S. taxpayers may end up paying for Trump’s border wall with Mexico

7 perfect internet memes to ring in Dow 20,000
- DJIA 0.44%
Dollar gains after jobs report, but on track for weekly loss
FTSE 100 logs 9-day win streak after erasing losses on U.S. jobs report
- UK:UKX 0.20%
Dow nears 20,000 after solid jobs report
Oil futures look to extend streak of gains to a fourth-consecutive week
European stocks pare losses after U.S. jobs report
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Baker Hughes data show U.S. oil-rig count up a 10th week in a row

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil climbed by 4 to 529 rigs this week. That marks the ten...
- BHI -0.82%
- CLG7 0.41%
Here’s the right way for stock-market investors to trade Trump in 2017

Everyone’s throwing around charts and data on what a change of administration means for the stock market. Here’s how not to get tripped up.
- DJIA 0.44%
Hershey upgraded on expectation it will exceed earnings expectations after years of misses

Hershey Co. was upgraded to outperform from neutral at Credit Suisse on Friday on the expectation that the company has set the stage to exceed ear...
- HSY 1.12%
Dow 20,000 watch: There’s some truth to psychological hurdles

As the market approaches a multi-zero barrier, the pace of its advance tends to slow. And when the market finally surpasses the barrier, its short-...
- DJIA 0.44%
- XX:W5000FLT 0.45%

Simon Maierhofer

This popular composite stock-market indicator bombed in 2016

Should investors ignore or explore this mix of the Santa Claus rally, performance over the first five trading days of January and the January barom...
Ivan Martchev

2017 is the year gold drops below $1,000

Ivan Martchev is bearish on gold. He says the U.S. Dollar Index isn’t done rallying, the euro is not done falling and the Chinese aren't done deval...
Kirk Spano

4 stocks for oil’s final bull market

The combination of less megaproject investment and OPEC's low-cost production flexibility are about to lead us to higher-priced oil. These are the ...
Kevin Marder

Growth-stock speculators need to tap the brakes here

The past few sessions have done nothing to improve the fortunes of growth stocks. They remain under the gun, out of favor due to the prospect of hi...

Stocks to Watch

Illumina: Smoke, Mirrors, and GRAIL

Illumina's (ILMN) stock is getting a nice bounce today after the beleaguered gene-sequencing company announced plans to spin off GRAIL, which annou...
Tech Trader Daily

Tech Today: Intel Can Beat Street, GoPro Gloom, Expedia Rises

Here are some things going on today in your world of tech:BlueFin Research Partners’s Steve Mullane writes that he estimates that Intel’s (INTC) ch...
Focus on Funds

Three Trends For 2017, And ETFs To Play Them

After all the unexpected twists and turns of 2016, the market ended on a high note. But how should investors position their portfolios now?Blackroc...
Asia Stocks to Watch

How Are Indian IT Companies Affected By U.S. H1-B Visa Crackdown?

India's IT companies tumbled on Friday after two US Congressmen from California introduced a new bill to curb the use of H1-B work visas.The new bi...

Interest rates may have to rise 'briskly,' Richmond Fed president says

Richmond Fed President Jeffrey Lacker said interest rates may need to rise "more briskly than markets anticipate" with unemployment at or near sust...
These 3 things need to happen to effectively crack down on fake news

At the moment, perhaps because of the extent to which Americans have come to disagree about what counts as “truth,” each of these requirements seem...
What’s missing in the jobs report? We need more jobs, higher wages

Solid job growth and higher wages show how far we’ve come since the recession began, but we’re not to the promised land yet, writes Rex Nutting.
Amazon’s dominance shows up in the jobs report

U.S. adds 156,000 jobs, wage growth surges to 7-year high

Factory orders tumble 2.4% in November

December jobs report keeps Fed on track for hikes this year, economists say

After a harrowing holiday season, struggling department stores reach a ‘tipping point’

Some consumers have grown tired of year-round promotional sales.
There are more people working at colleges, but they probably aren’t teaching

At U.S. colleges, professors are now outnumbered by non-faculty staff.
Meet the craftspeople who make the Golden Globes

Made in Oklahoma: the small-town origins of the Golden Globes.
7 beautiful things Debbie Reynolds and Carrie Fisher taught us about caring for an aging parent

HBO will broadcast ‘Bright Lights,’ the documentary about their relationship, on Jan. 7

mortgage
equity
savings
auto
credit cards

30 yr fixed Jumbo	4.46%
30 yr fixed	3.99%
15 yr fixed	3.16%
10 yr fixed	3.04%
30 yr fixed refi	4.02%
15 yr fixed refi	3.18%
5/1 ARM	3.29%
5/1 ARM refi	3.55%

National averages from Bankrate.com

$30K HELOC	4.56%
$50K HELOC	4.60%
$75K HELOC	4.61%
$100K HELOC	4.26%
$30K Home Equity Loan	4.54%
$50K Home Equity Loan	4.17%
$75K Home Equity Loan	4.17%
$100K Home Equity Loan	4.09%

National averages from Bankrate.com

5 yr CD	1.19%
2 yr CD	0.77%
1 yr CD	0.59%
MMA $10K+	0.28%
MMA $50K+	0.40%
MMA Savings	0.30%
MMA Savings Jumbo	0.36%

National averages from Bankrate.com

60 Mo Used Car	2.98%
48 Mo Used Car	3.02%
36 Mo Used Car	3.21%
72 Mo New Car	3.33%
60 Mo New Car	3.03%
48 Mo New Car	2.98%
60 Mo Auto Refi	2.81%
36 Mo Auto Refi	2.61%

National averages from Bankrate.com

	Avg. APR	Last Week	6 Months
Low Interest	12.16%	12.10%	11.98%
Business	13.37%	13.26%	13.12%
Student	13.67%	13.54%	13.42%
Balance Transfer	14.60%	14.53%	14.38%
Airline	15.35%	15.25%	15.08%
Reward	15.44%	15.36%	15.29%
Cash Back	15.51%	15.43%	15.32%
Instant Approval	18.00%	17.88%	18.04%
Bad Credit	22.98%	22.95%	22.56%

Source: CreditCards.com

Did this betrayed sister pursue her brother for stealing her $100,000 inheritance?

Moneyologist revisited: Six letter-writers over six days reveal whether they took this column’s advice.
How would you cope if you lived with the most entitled millennial in America?

Moneyologist revisited: Six letter-writers over six days reveal whether they took this column’s advice.
This thrifty millennial bought her first home — and her family offered to shower her with cash

Moneyologist revisited: Six letter-writers over six days reveal whether they took this column’s advice.
My sister-in-law is unwilling or unable to settle her mother’s $500,000 estate

Procrastination is related to anxiety rather than laziness.

How to retire early: A 5-step plan

Retirement planning doesn’t have to be a complex process. Here are the key strategies learned by people who have retired early — 35 years early.
How to keep your parents’ assets from the taxman

Here are seven strategies that can save your parents money in their later years and limit the taxes owed by the estate after their death.
The robots are coming for your investments — why that might not be a bad thing

The brave new world of robo advisers and human advisers.
Backsliding yet? How to keep new year’s resolutions about money

If you can find a way to keep your money resolutions, you’ll not only improve your financial situation, you’ll be more optimistic about the future.

William Droms

Is the stock market overpriced?

A look back to the fourth quarter.
Spencer Williams

Changing jobs in 2017? Take your retirement savings with you

Roll in previous employer retirement accounts into your new plan.
Paul A. Merriman

Buffett, Bogle, Merriman: Losers, every one?

Each of us knows a lot about some things. But we're really ignorant about others.
Henry K. Hebeler

What to do if Social Security is going to be your major source of retirement income

If you are a person who has little to no retirement savings and are going to depend almost entirely on Social Security for your retirement, there a...

Gold prices down after jobs report, but cling to weekly gain

Gold futures on Friday extend declines as the U.S. dollar and equities continue their rise in the wake of the monthly jobs report.
Here is one area of New York City real estate that’s slowing down

Co-ops often cost less than condos at first, but usually have a higher monthly fee alongside the mortgage.
Wage growth may spur Fed into quicker action

Details of the December jobs report will spur the Fed to pick up the pace of rate hikes, economists said.
Netflix spreads roots in Hollywood, with lease for more office space

Netflix Inc. is expanding its presence in Hollywood, signing a lease to occupy another office building in La La Land. Hudson Pacific Properties In...
Fed's Mester says she favors more than three interest-rate hikes this year

Cleveland Fed President Loretta Mester said Friday she would like to see the central bank raise interest rates more than the three quarter-percenta...

Los Angeles

The homes of Santa Monica’s Canyons and their historic ties to Hollywood legends

The bucolic Canyons neighborhoods in Los Angeles have been and still are home to an array of interesting and influential folk.
Dallas

Slump in Dallas luxury-home sales an early signal of turn to buyer’s market

I knew a turn in Dallas real estate was coming, but no seller wants to hear it.
San Diego

Del Mar home sales show how San Diego luxury market is cooling

The greater San Diego area remains a seller’s market, led by significant price growth and low inventories. Although prices keep going up, the numbe...
New York

New York’s Turtle Bay, a (relatively) affordable mix of homes, amenities

New York City's Turtle Bay is a quaint Midtown East enclave that is often referred to as one of the wealthiest yet affordable neighborhoods in Manh...