MarketWatch First Take: Overstock is more valued as a crypto company, making it a new-age Yahoo

MarketWatch First Take: Overstock is more valued as a crypto company, making it a new-age Yahoo
Overstock.com Inc. is starting to become another Yahoo, but for the blockchain age. Before Yahoo Inc. sold itself to Verizon Communications Inc. VZ, +0.59%  last year for $4.48 billion, it was valued by investors mostly for its hefty stake in Alibaba Group Holdings BABA, -0.19% , the Chinese e-commerce giant. Today, that stake, along with a stake in Yahoo Japan,... Read More

This veteran stock market strategist sees no recession — but he’s watching for weakness

This veteran stock market strategist sees no recession — but he’s watching for weakness
Real U.S. GDP rose 4.1% (saar) during the second quarter (Fig. 1). That was good, but not surprisingly good. Actually, given that taxes were cut at the end of last year, it’s surprising that it wasn’t better. In fact, GDP growth was temporarily boosted by exports as US exporters scrambled to beat Trump’s tariffs. Exports of goods and services contributed... Read More

The Wall Street Journal: Judge threatens Sessions with contempt, blocks asylum-seekers’ deportation mid-flight

The Wall Street Journal: Judge threatens Sessions with contempt, blocks asylum-seekers’ deportation mid-flight
A federal judge on Thursday stopped the deportations of an asylum-seeking woman and her young daughter who were already aboard a plane to El Salvador, criticizing the Trump administration for trying to remove them while they were challenging their cases in court. In Washington, U.S. District Judge Emmet G. Sullivan, who was appointed by President Bill Clinton in 1994, threatened... Read More

Housing market has hit a ‘significant slowdown’ in recent weeks, Redfin CEO says

Housing market has hit a ‘significant slowdown’ in recent weeks, Redfin CEO says
The housing market hit a sudden and “significant” slowdown in the past few weeks that could continue in coming months, Redfin Corp.’s chief executive said Thursday afternoon. The real-estate brokerage and website company announced second-quarter earnings Thursday afternoon that beat expectations, but the company’s third-quarter forecast came in short of what Wall Street was projecting. On a conference call to... Read More

Mutual Funds Weekly: History favors bold buyers of S&P 500 index funds

Mutual Funds Weekly: History favors bold buyers of S&P 500 index funds
Don’t miss these top money and investing features: “History repeats the old conceits,” musician Elvis Costello sang in “Beyond Belief.” For investors now, confronted with share prices many U.S. market observers consider overvalued, belief that stocks will move even higher would seem a clear display of hubris. And putting money behind that conceit would appear foolish at best. Except history... Read More

Student-run fund preparing bailout plan for MoviePass, but it may be unwanted

Student-run fund preparing bailout plan for MoviePass, but it may be unwanted
Student-run venture fund Triton Funds will be putting forward a formal offer to provide MoviePass with capital to help it stay afloat, the fund’s co-founders told MarketWatch this week. Triton has submitted a proposal to its attorneys at Cara Stone LLP to present to MoviePass, fund co-founder Nathan Yee said. In it, Triton proposes offering capital to help the company... Read More