Are small-caps stocks cheap? Yes — relatively.
: TikTok parent company ByteDance hatches a plan to take on China’s food-delivery behemoths
The cash-flush Chinese owner of video-app sensation TikTok is doing what many meteoric companies in China have done before — taking hot new money and leaping into a totally different sector.
MarketWatch First Take: Nvidia speeds past a pothole, and AI offers extra fuel for the road ahead
CEO Jensen Huang tells analysts that activity around Nvidia’s AI infrastructure “has gone through the roof” since the public debut of Open AI’s ChatGPT.
Earnings Results: Lucid stock falls 9% after EV maker’s sales and reservations drop
Lucid Group Inc. late Wednesday reported a narrower quarterly loss but sales came in below Wall Street expectations and its order book shrunk, sending the stock more than 10% lower.
Earnings Results: EBay stock falls as sales and profit decline, though revenue and outlook beat estimates
EBay Inc. on Wednesday reported fourth-quarter results that met or beat analysts’ expectations, though they were down year over year, as well as a first-quarter outlook that beat estimates.
Earnings Results: Teladoc racks up billions more in goodwill charges, gives downbeat earnings forecast
Teladoc posted a sizable net loss for its latest quarter after taking more impairment charges, and it delivered a downbeat first-quarter forecast.
Earnings Results: Altice USA stock rises after earnings despite company swinging to a loss
Shares of Altice USA Inc. gained in after-hours trading Wednesday after the telecommunications company swung to a loss in its latest quarter.
Dow Jones Newswires: Bank of Korea stands pat on rates, cuts growth forecast
South Korea’s central bank stood pat after raising interest rates at seven consecutive meetings to fight inflation, as it cut its economic growth forecast for this year.
The Wall Street Journal: Biden administration weighs going public with intelligence behind assertion that China is considering arms for Russia
The U.S. has made several closed-door appeals to Beijing not to more actively back Russia in its year-old invasion of Ukraine. Secretary of State Antony Blinken delivered a formal warning last weekend.
The Fed: The Fed will tame inflation, this top central banker vows
The U.S. central bank will tame inflation, said New York Fed President John Williams on Wednesday.