Megyn Kelly is nearing a deal with Comcast Corp.’s CMCSA, -3.72% NBC News to walk away with the full value left on her three-year, $69 million contract with the network, according to people familiar with the matter. A deal could come as early as next week, one of the people said. The issues that → Read More
PARIS — Renault SA appointed interim leaders to manage the French auto maker after the arrest of Chief Executive Carlos Ghosn in Japan. After a meeting late Tuesday, Renault’s board said it had appointed the firm’s No. 2 executive, Thierry Bolloré, to serve as deputy CEO on a temporary basis and Philippe Lagayette, Renault’s lead → Read More
Happy Tuesday, MarketWatchers. Don’t miss these top stories: Personal Finance Alexandria Ocasio-Cortez has $7,000 in savings — and that’s more than double most millennials Pundits have criticized her modest savings, but many young people are impressed. Why you don’t want to serve romaine this Thanksgiving The CDC has warned against eating the popular lettuce due → Read More
WASHINGTON — Lawyers for President Donald Trump said they have submitted written responses to questions posed by special counsel Robert Mueller about possible collusion with Russia during the 2016 presidential election. Jay Sekulow, a lawyer for the president, said the questions were on “Russia-related topics” of the Mueller investigation. Rudy Giuliani, another lawyer for Trump, → Read More
Getty Images President Donald Trump is not happy with his choice to run the Federal Reserve, Chairman Jerome Powell. After the latest stock-market drubbing, President Donald Trump said Tuesday he’d like the Federal Reserve to cut interest rates. But that may be wishful thinking. The U.S. is on track to grow 3% annually in 2018 → Read More
MARKETWATCH FRONT PAGE For the first time, all five FAANG stocks are in bear markets. See full story. As the stock market and economy are set to skid, Goldman says cash will be king Cash is king, according to Goldman Sachs strategists who predict that 2019 will deliver lackluster, single-digit equity returns, making greenbacks the → Read More
A noted short seller may have helped a bit Tuesday, but the near-term outlook for the chip sector looks decidedly bearish. The PHLX Semiconductor Index SOX, +0.15% closed up 0.2% at 1,174.82, just shy of finishing in bear-market territory Tuesday after spending the session drifting in and out. For the SOX index, a bear market → Read More
Drugstore owner Walgreens Boots Alliance Inc. and health insurer Humana Inc. are in preliminary discussions to take equity stakes in each other, according to people familiar with the matter, as health-industry players scramble for tie-ups that will help them compete in a rapidly evolving environment. The companies, which already have a partnership focused on serving → Read More
L Brands Chief Financial Officer Stuart Burgdoerfer said on the company’s third-quarter earnings call that Victoria’s Secret swim business is being revived, less than three years after the company said it would exit that “non-core” category. When asked what made the company decide to change course, Burgdoerfer declined to go into detail. “We’ll be back → Read More
Target Corp. shares tumbled 10.4% in Tuesday trading as major investments in areas like technology and fulfillment took a toll on margins. Target TGT, -10.53% reported a margin decline to 28.7% during the third quarter, after margins of 29.6% last year. The company said supply chain costs owing to digital fulfillment and other expenses → Read More