Articles

: Costco taps 40-year veteran Ron Vachris as new CEO

Costco Wholesales Corp. on Wednesday said that Craig Jelinek had "confirmed" his intention to step down as chief executive on Jan. 1.

Market Extra: Bank stocks, financial ETFs struggle as Morgan Stanley shares see biggest drop since 2020

Exchange-traded funds that buy financial-sector stocks struggled Wednesday, with Morgan Stanley’s steep drop landing it among the S&P 500’s worst performers.

: Netflix is raising prices on some plans. Here’s what you need to know.

Netflix Inc. cracked down on password sharing earlier this year, and now the company is looking to boost revenue further with its latest set of price hikes.

Your Digital Self: Israel-Hamas war threatens the global tech sector’s growth and innovation

About 500 multinationals currently operate in Israel, primarily focusing on cutting-edge research and development.

Earnings Results: Netflix’s stock jumps more than 10% on huge spike in subscribers, price hikes

Netflix said it plan to immediately raise prices for its Basic plan in the U.S. to $11.99 a month from $9.99, and lift its Premium price to $22.99 a month from $19.99. The ad-supported ($6.99 a month) and standard plans ($15.49) remain the same.

Outside the Box: AI needs a strong code of ethics to keep its dark side from overtaking us

A framework for tech companies and regulators to create AI that is principled and accountable.

The Fed: Powell might be a bit more hawkish than his Fed colleagues on Thursday

Federal Reserve Chairman Jerome Powell might be a bit more hawkish in his speech Thursday than his colleagues have been in recent speeches, economists said.

Economic Report: Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation

The economy exhibited "stable" to "slightly weaker" growth in the early fall, a Fed survey found, helping to loosen up a tight labor market and ease inflation.

FA Center: How likely is another 1987-like stock market crash? Maybe more than you think.

There's a one-in-five chance that over the next 30 years the U.S. market will suffer a 20%-plus single-day plunge.

: Albemarle’s stock drops to lowest in two years after rating downgrade

The lithium miner's stock got a downgrade from BofA Securities, and was the worst performer on the S&P 500 index Wednesday.

The Ratings Game: Microsoft has fallen victim to ‘AI disillusionment,’ but here’s the good news

Need an example of Wall Street's pivot from artificial-intelligence exuberance to caution? Look no further than Microsoft.

Market Extra: U.S. Treasury bond rout deepens as popular fixed-income ETFs touch decade-plus lows

The iShares 20+ Year Treasury Bond ETF drop to another round of 16-year lows as a selloff in government bonds deepened.
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