Mastercard earnings set an upbeat tone for fintech stocks. These numbers stand out.
The company saw U.S. switched volumes increase by 10% in the first four weeks of January, compared with 8% growth seen in December. That trend “bodes well” for Mastercard MA, according to Mizuho ...
Global Passenger Flight Traffic Rose 10% in 2024
The number of passengers taking flights grew 10% on year in 2024, with demand for international travel outpacing demand for domestic flights, according to the latest data from the International Air ...
The biggest negative in GDP was weak business spending
The fourth-quarter report card on the U.S. economy probably gets a B+. The weakest grade? Business spending. Consumers drive the U.S. economy, but businesses ride shotgun. Companies appear to have cut ...
Schneider 4Q Profit Rises As Freight Industry Regains Some Momentum
Schneider National posted a higher profit in its fourth quarter and said momentum in the freight industry shows signs of recovery for 2025. The transportation and logistics services company posted a ...
Nokia shares head for best day in months, as hard-hit mobile business appears to be stabilizing
Investors cheered results from Finnish telecom-equipment maker Nokia Corp., which swung to a profit in the final quarter of 2024, driving shares to their best session in months.
Jobless claims drop to lowest level in three weeks, supporting Fed’s assessment that labor market is solid
Initial jobless claims fell by 16,000 to 207,000 in the week that ended Jan. 25, the Labor Department said Thursday. It’s the lowest level in in three weeks.
Why did GDP drop below 3%? Blame this.
The economy in the final three months of 2024 failed to match the 3% growth rate of the prior two quarters, but not because the U.S. is feeling lots of stress. So what happened? The production of ...
Wells Fargo Co-CEO of Corporate, Investment Banking Jon Weiss to Retire
Wells Fargo said Jon Weiss is retiring as co-chief executive of corporate and investment banking, leaving former JPMorgan Chase executive Fernando Rivas as the sole chief of the bank's Wall Street ...
Forget the 2.3% GDP number. The real story is mega-strong consumer spending
Sometimes the scorecard of the U.S. economy, known as GDP, tells the whole story. But not for the fourth quarter. The economy was stronger than it looked.
One reason why lofty stock-market valuations might be here to stay
Regular MarketWatch readers might already be aware that U.S. stocks are historically expensive right now, based on several popular metrics. Some have argued that this could signal that the market has ...
Here comes GDP: 4th quarter might show a slowdown, but not because the economy got weaker
The economy appeared on track to post a robust 3% annual growth rate in the final three months of 2024. [Then the December trade deficit spiked.]( ...
U.S. Soybean Sales Fall Below Analyst Forecasts
In its latest report published Thursday, the USDA said that soybean export sales for the week ended Jan. 23 totaled 442,500 metric tons across the 2024/25 and 2025/26 marketing years. That's below the ...