Usana Health Sciences Inc. falls more than 4% in the extended session Thursday after the multi-level marketing company calls for lower 2023 sales and profit than Wall Street expected, saying it is unsure whether an uptick in sales at the end of 2022 will last.
Crypto: What is BONK, and why is its price up 3,174% this week?
The new dog-themed meme coin is massively outperforming other cryptocurrencies this week.
: Uber, Lyft and Instacart drivers fear losing out if a recession fuels influx of new gig workers
Some existing ride-hailing drivers and delivery workers worry that a worsening economy and new gig workers will mean less work for them.
The Margin: Think the Kevin McCarthy House speaker vote is chaotic? Meet Frederick Huntington Gillett and Nathaniel P. Banks
It’s been a century since it took multiple ballots to elect Gillet as speaker after 9 ballots, but it could be worse! It took 133 ballots to name Banks in 1855
Personal Finance Daily: ‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers and your boss will no longer be able to make you sign noncompete agreements — if federal regulators have their way
Thursday’s top personal finance stories.
: Costco stock rises as holiday sales gain even as online sales recede
Costco shares ticked higher in the extended session Thursday after the warehouse club reported a rise in holiday sales from a year ago
Washington Watch: What happens while there’s no House speaker? Salaries in limbo, taxpayers’ requests turned away.
The House of Representatives is nonfunctioning as long as lawmakers can’t elect a speaker. Here are some ways this is impacting people in Washington and beyond.
: Android has a response to iPhone’s satellite connection, thanks to Qualcomm
Qualcomm is looking to leapfrog Apple by offering emergency satellite service using Android smartphones.
Crypto Update: Crypto brokerage Genesis lays off 30% of its staff in an effort to survive
Crypto broker and lender Genesis Trading has laid off 30% of its staff as the firm struggles after several setbacks in 2022.
MarketWatch First Take: Amazon cuts jobs to reset tech giant after monster growth in the pandemic, but investors still worried
Wall Street analysts are applauding the cost-cutting moves by two technology giants in the last two days amid a major slowdown in revenue, but investors appear to be more worried about Amazon, where its highly profitable and big-growth cloud business has helped cushion it in the past.