Dear Catey, I am a 40-year-old law-enforcement officer and hope to retire in 13 or 14 years. At that time, I will have 30-plus years on the job with a pension giving me 70% of my current income with a cost-of-living annual percentage increase around 2% or 3%. Additionally I …
Read More »Six Flags stock hammered after surprise loss, downbeat guidance and dividend cut
Shares of theme park operator Six Flags Entertainment Corp. slid 18% Thursday to put them on track for a seven-year low, after the company swung to a surprise fourth-quarter loss, offered downbeat guidance and cut its dividend. More than 7 million shares SIX, +2.32% had changed hands by early afternoon, …
Read More »The Moneyist: My husband watches TV all day while I cook and clean. He has an $8,000 monthly income and a P.O. box to hide his finances. I just found his will — and it left me reeling
Dear Moneyist, My spouse hides his money and all of his investments are hidden. I have lived in Boston since 2006. I moved from New York and gave up my job of 16 years because we got married and I relocated, leaving my two adult children, who were 21 and …
Read More »The Moneyist: ‘My father has lived a life of crime and drugs. He threw away every opportunity we gave him.’ Now that he’s on disability, doesn’t he owe his kids something?
Dear Moneyist, For most of his life, my father has lived a life of crime and drugs. He threw away every opportunity we gave him, financial or otherwise. He was never really around besides the odd note written on yellow legal paper that I would get from time to time, …
Read More »The Ratings Game: Dropbox stock surges toward best day on record as bulls say profit focus is a turning point
Dropbox shares are surging toward their best single-day performance on record on Friday as bulls say the stock has finally hit a turning point. The cloud-storage company initially got a warm reception from Wall Street when it came public in early 2018, but the stock has languished in recent months …
Read More »Dow Jones Newswires: Pearson 2019 pretax profit halved
Pearson PLC said Friday that pretax profit for last year more than halved as revenue declined and the company booked reduced gains on disposals and restructuring charges. Pretax profit for 2019 was 232 million pounds ($ 299.0 million) compared with GBP498 million a year earlier, the London-based education company PSON, …
Read More »Market Extra: Billionaire Peterffy says Interactive Brokers talked to E-Trade about a deal but decided it wouldn’t work
Interactive Brokers Group Inc. was in talks with E-Trade Financial about merging their brokerage operations but decided the deal didn’t make sense, according to Interactive’s founder Thomas Peterffy. Peterffy, a digital trading pioneer who founded the online platform in 1978, told MarketWatch in a phone interview on Thursday that Interactive …
Read More »Market Extra: Tesla, gold and the dollar soar—an ‘everything rally’ has some stock-market investors fearing how it all ends
What happens when everything rises all at once? That’s what some investors are scratching their heads about as they look out at the current landscape on Wall Street. On Wednesday, the Dow Jones Industrial Average DJIA, -0.99%, the S&P 500 SPX, -0.93% and the Nasdaq Composite COMP, -1.39% indexes drifted …
Read More »Dow Jones Newswires: Telefonica swings to loss in fourth quarter
Telefonica SA said Thursday that it swung to a net loss in the fourth quarter of 2019 as the company’s pullout from some Latin American markets and the sale of 10 data centers took their toll. The Spanish telecommunications company TEF, -0.28% TEF, +0.14% posted a net loss for the …
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