MarketWatch First Take: The chip industry’s Old Boys Club may be experiencing its #MeToo moment

MarketWatch First Take: The chip industry’s Old Boys Club may be experiencing its #MeToo moment
The chief executives of three semiconductor companies have stepped down in the span of one month, in what appears to be a #MeToo-inspired and long-overdue reckoning for the male-dominated industry. On Tuesday, Texas Instruments Inc. TXN, +1.08% one of the oldest semiconductor companies in the U.S., said that President and Chief Executive Brian Crutcher resigned because he violated the company’s... Read More

Therese Poletti's Tech Tales: With 20%+ earnings growth baked in, the drama for tech this quarter will be in the forecasts

Therese Poletti's Tech Tales: With 20%+ earnings growth baked in, the drama for tech this quarter will be in the forecasts
As tech companies continue to dominate Wall Street, with four now standing alone with valuations of more than $800 billion, gigantic growth is priced in and expected. All the drama is in the forecasts. As tech companies begin to drop their second-quarter earnings reports, analysts on average expect profit in the tech sector to grow 20.9% from the same quarter... Read More

Americans paid over $100 billion in credit-card interest in 2017—and they’ll pay even more this year

Americans paid over $100 billion in credit-card interest in 2017—and they’ll pay even more this year
All those interest payments add up. Americans paid banks some $104 billion in credit-card interest and fees in the last year, up 11% on the year and 35% over the last five years, according to the personal-finance website MagnifyMoney, which analyzed data from the Federal Deposit Insurance Corporation (FDIC) through March 2018. The bad news: That number will likely only... Read More

NewsWatch: Trump Today: President backtracks, now says he accepts Russia meddled in U.S. election

NewsWatch: Trump Today: President backtracks, now says he accepts Russia meddled in U.S. election
MARKETWATCH FRONT PAGE On the defensive after a European trip that drew criticism from fellow Republicans as well as Democrats, President Donald Trump on Tuesday tweeted out defenses to his actions. See full story. Caterpillar ‘death cross’ snaps 566-session bullish streak Caterpillar Inc.’s stock chart has produced a ‘death cross’ on Tuesday, to snap the longest bullish trend-following streak in... Read More

Bond Report: 2-year Treasury rate retakes 10-year high after Powell’s Senate testimony

Bond Report: 2-year Treasury rate retakes 10-year high after Powell’s Senate testimony
Short-dated Treasury yields rose on Tuesday after Federal Reserve Chairman Jerome Powell, as expected, highlighted the need for a gradual pace of rate increases in testimony on Capitol Hill. His testimony comes after a rise in government bond yields on Monday was propelled in part by a report on retail sales for June that was better than expected, with improvements... Read More

The Fed: For the first time, Powell says more rate hikes are right path ‘for now’

The Fed: For the first time, Powell says more rate hikes are right path ‘for now’
By Senior economics reporter Federal Reserve Board Chairman Jerome Powell said the risks of the economy overheating or slowing down sharply are ‘roughly balanced.’ Saying that monetary policy “should be a mystery to no one,” Federal Reserve Chairman Jerome Powell on Tuesday made clear the central bank plans to continue raising interest rate at a pace of once every three... Read More