In One Chart: One chart puts mega tech’s trillions of market value into eye-popping perspective

In One Chart: One chart puts mega tech’s trillions of market value into eye-popping perspective
A picture is worth a thousand words but a pie chart may be more eloquent, especially when it comes to sizing up the giants of the tech industry. Michael Batnick, director of research at Ritholtz Wealth Management, on Wednesday tweeted out a chart that underscored how absolutely dominant tech companies have become in a world where size seems to increasingly... Read More

In One Chart: This 1 chart puts mega tech’s trillions of market value into eye-popping perspective

In One Chart: This 1 chart puts mega tech’s trillions of market value into eye-popping perspective
This is what absolute dominance looks like. A picture is worth a thousand words but a pie chart may be more eloquent, especially when it comes to sizing up the giants of the tech industry. Michael Batnick, director of research at Ritholtz Wealth Management, on Wednesday tweeted out a chart that underscored how absolutely dominant tech companies have become in... Read More

Trump tax cut gives U.S. workers a hard landing

Trump tax cut gives U.S. workers a hard landing
Albania Bourdier is the person who, if President Donald Trump were a truth-teller, would be a big beneficiary of Trump’s corporate tax cut. The 44-year old gate agent for American Airlines’ Envoy Air commuter-airline subsidiary makes $13.50 an hour at New York’s LaGuardia Airport. She lives with her mother and 12-year old son in a one-bedroom Brooklyn apartment. This month... Read More

Why is this market more troubled by rising U.S. interest rates than trade tariffs?

Why is this market more troubled by rising U.S. interest rates than trade tariffs?
Much like Blanche DuBois in Tennessee Williams’ play “A Street Car Named Desire,” the U.S. has “always depended on the kindness of strangers,” or at least it has for quite a long time. That’s because foreigners have been big buyers of bonds issued by Americans. They’ve helped to finance the U.S. federal budget deficit. They’ve also bought lots of mortgage-backed... Read More

CryptoWatch: Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable

CryptoWatch: Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable
A previous version of this article incorrectly spelled the last name of billionaire, hedge-fund manager Marc Lasry of Avenue Capital Group. That error has been corrected. Bitcoin is in rally mode, apparently. After months in the doldrums, the No. 1 digital currency extends its gains on Wednesday after following a sharp run-up in the previous session. As recently as Saturday,... Read More

CryptoWatch: Barry Silbert says bitcoin put in its 2018 low, but 99% of cryptos are worthless

CryptoWatch: Barry Silbert says bitcoin put in its 2018 low, but 99% of cryptos are worthless
Barry Silbert, the chief executive officer of the Digital Currency Group, on Wednesday said that while he was extremely optimistic about the long-term prospects of bitcoin, as well as the broader cryptocurrency industry, a huge amount of new entrants seemed headed for zero. Speaking at CNBC’s Delivering Alpha conference, he said that bitcoin BTCUSD, -0.43%  had hit its lows for... Read More

The Wall Street Journal: Toys ‘R’ Us reaches deal to shield lender group from future litigation

The Wall Street Journal: Toys ‘R’ Us reaches deal to shield lender group from future litigation
Toys “R” Us Inc. has reached a settlement with a group of lenders that will shield them from future litigation while boosting the recoveries of the retailer’s vendors and other creditors. Under the deal, pending court approval, Toys’ vendors and other creditors will receive a cash payment and potential for higher recoveries. In return, unsecured creditors and vendors will forgo... Read More

Earnings Results: IBM earnings beat fueled by mainframe sales, but that strength may not last long

Earnings Results: IBM earnings beat fueled by mainframe sales, but that strength may not last long
IBM is still finding success in mainframes. International Business Machines Corp. shares ticked higher in the extended session Wednesday after the tech giant topped Wall Street estimates on the back of Big Blue’s mainframe business, but some think the days of relying on that old technology for earnings beats are numbered. IBM IBM, +0.72%  shares were last up 2% after... Read More

Personal Finance Daily: Why husbands and wives lie about their salaries and you should make your Venmo account private

Personal Finance Daily: Why husbands and wives lie about their salaries and you should make your Venmo account private
We’re more than halfway through the week, MarketWatchers! Here are Wednesday’s top stories in personal finance. Personal Finance When wives earn more than their husbands, they both lie It’s increasingly common for wives to make more than their spouses. ‘Real Housewives’ star Bethenny Frankel gets real about money Bethenny Frankel, founder of Skinnygirl, opens up about her childhood and the... Read More

TSX Ends Modestly Lower After Lackluster Session

TSX Ends Modestly Lower After Lackluster Session
Canadian stocks edged lower on Wednesday, dragged down by losses in consumer staples and energy sectors. Wall Street was steady and major European markets moved higher, but TSX stayed in the red almost right through the session with investors looking for direction. Crude oil futures rebounded after early weakness, but energy stocks largely stayed sluggish. Healthcare, information technology and industrials... Read More