Author: super@dmin
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: Visa CEO Al Kelly to step down from that role in February
Visa Inc. Chief Executive Al Kelly plans to step down from that role in February, to be replaced by Ryan McInerney, the company’s current president and a veteran of payments giant for nearly a decade.
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: Ross Stores stock rockets higher on upbeat forecast, adding to upbeat holiday-period expectations
Shares of Ross Stores Inc. raced higher after hours on Thursday after the discount retailer hiked its full-year profit forecast and reported third-quarter results that topped expectations.
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Earnings Results: Applied Materials easily surpasses earnings and forecast expectations
Applied Materials reported stronger earnings and revenue than expected to wrap up its fiscal year Thursday, and topped expectations with its forecast for the beginning of the new year, sending shares slightly higher in late trading.
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The Margin: Qatar World Cup controversy means sponsors are walking a tightrope, says branding expert
As Qatar prepares for the start of a World Cup mired in controversy, the tournament’s big-name sponsors find themselves in a tricky position.
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Earnings Results: Palo Alto Networks stock rallies on yet another beat-and-raise quarter
Palo Alto Networks Inc. shares rallied in the extended session Thursday after the cybersecurity company added another consecutive beat-and-raise quarter to its collection.
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MarketWatch Options Trader: Three seasonal effects in the stock market begin around Thanksgiving, and this year it’s time to buy this asset class
Small-cap stocks tend to outperform large-cap stocks over a six-week period.
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Rex Nutting: What Bullard got wrong about a 7% fed funds rate (and why he said it anyway)
Monetary policy is already much tighter than Bullard and many others acknowledge because they ignore the impact of quantitative tightening and forward guidance
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The Margin: Elizabeth Holmes sentencing: Why the Theranos founder faces up to 20 years in prison
Holmes, who was convicted of defrauding investors, will be sentenced on Friday.
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Futures Movers: U.S. oil prices settle at their lowest since late September
Oil futures on Thursday tallied back-to-back declines, with U.S. prices ending at their lowest since late September, as China’s zero-COVID policy continues to dull the outlook for crude demand.
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Distributed Ledger: A meltdown in crypto is taking shape and it’s not just FTX’s fault
Find the latest Distributed Ledger columns from MarketWatch. A weekly look at the most important moves and news in crypto.