Articles

The Margin: How Kobe Bryant made his $600 million fortune — and who is in charge of it now

On 'Mamba Day,' a look at how the iconic basketball player and savvy businessman excelled on and off the court.

The Ratings Game: Here’s the biggest surprise from Nvidia’s earnings, according to Morgan Stanley

Even though Wall Street expected a beat-and-raise quarter from Nvidia Corp., many were blown away by the sheer magnitude of the upside.

The Fed: Harker says Fed has ‘probably done enough’ to curb inflation

The president of the Philadelphia Federal Reserve Bank said he thinks the U.S. central bank has raised interest rates high enough to bring inflation down.

: Why pencils are still so popular — billions a year are sold

Even in a digital age, sales of the classic writing instrument have held steady and are projected to grow.

Futures Movers: Oil prices inch lower, pressured by reports the U.S. may ease sanctions on Venezuelan oil

Oil futures trade modestly lower on Thursday, with U.S. benchmark prices holding ground at their lowest in about a month, as traders looked to news reports that the U.S. may ease sanctions on oil from Venezuela.

: Economists cheer Turkey’s interest rate hike to 25%, lira surges

The Turkish lira surged against the U.S. dollar to a level not seen since June on Thursday, after the Central Bank of Turkey increased its interest rates to 25% from 17.5%.

Earnings Results: Dollar Tree is the latest retailer to say shoplifting is squeezing margins

Dollar Tree is the latest retailer to highlight the problem of shrink, or theft at its stores that's hurting margins.

Market Extra: White House wants federal workers back in the office in September. It’s a rare bright spot for D.C. properties.

The Biden administration wants the entire federal workforce back in the office more often starting in September, a change that will affect hundreds of thousands of people, an administration official told MarketWatch.

Deep Dive: Can Nvidia keep growing so quickly? Here’s what Wall Street thinks.

Nvidia increased revenue by 88% quarter-over-quarter and blew past its own expectations. Now we look ahead to see how long its AI ramp is expected may continue.

The Wall Street Journal: Russian court extends pretrial detention of Wall Street Journal reporter through November

Evan Gershkovich was detained in March on an espionage allegation that he, the Journal and the U.S. government vehemently deny.

: T-Mobile to cut about 5,000 jobs, or 7% of employees

The cuts will largely affect corporate and back-office roles at T-Mobile, with some impact on technology roles as well.

Economic Report: Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation

Total durable-goods orders sank 5.2% in July, factoring in the decline in Boeing contracts.
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