Day: March 6, 2024

AI has become a buzzy topic recently across many industries, but it’s been used by sneakerheads for years in the form of “bots.”

These bots help customers quickly purchase sought-after shoes that are released in limited quantities, often to resell them for a profit on the secondary market. They do this, in part, by enabling buyers to create multiple accounts and improve their chances of not only getting a pair of coveted shoes, but getting many pairs.

See…

Britons will get a tax break to encourage investment in the London stock market, the U.K. government said as it set out a spring budget that also cut workers’ employment taxes, as the Conservative party looked to boost its election hopes.

Chancellor of the Exchequer Jeremy Hunt told a packed Parliament on Wednesday that new British Individual Savings Accounts would allow an extra £5,000 in tax-free investment into U.K. equities. Rules currently allow investors to put £20,000 a year into the accounts, which are exempt from…

Billionaire Elon Musk said Wednesday that he isn’t planning on making any contributions to the main 2024 presidential campaigns, with his statement coming after reports said former President Donald Trump met on Sunday with Musk and other possible donors.

“Just to be super clear, I am not donating money to either candidate for U.S. President,” Musk said in a post on X, formerly known as Twitter.

News…

Dear Quentin,

My mother taught me never to hold a grudge. It’s proven harder in practice than in theory: My mother-in-law gave me a “diamond” ring and said she wanted me to have it for everything I’ve done for her. I thanked her and let her know that it makes me happy when she is happy. 

When I took the ring to a jeweler to have it…

A majority of active funds focused on U.S. large-cap stocks failed to beat the S&P 500 index last year, extending their track record of underperformance, according to S&P Dow Jones Indices.

Sixty percent of all active large-cap U.S. equity funds lagged the S&P 500 in 2023, a scorecard report from S&P Dow Jones Indices shows. The price of the S&P 500 climbed 24.2% last year for a total return of 26.3%, according to FactSet data. 

The…

Against a tough backdrop for cybersecurity stocks, CrowdStrike Holdings Inc. delivered big with its latest earnings — and that performance has the stock flirting with a historic rally.

CrowdStrike’s stock CRWD was up as much as 22.7% in morning trading Wednesday, though it had recently pulled back and was up 16.1%. A gain upwards of 17.4% would make for its largest single-day percentage increase on record.

While…

Virginia could become the first Southern state to allow regulated retail sales of cannabis if Gov. Glenn Youngkin doesn’t sign, veto or amend the measure that the legislature passed, advocates told MarketWatch.

While other states have so-called pocket vetoes allowing governors to kill bills through inaction, Virginia state law dictates that bills become effective 30 days after the Assembly adjourns if the state’s chief executive does nothing.

Since…

Story developing. Stay tuned for updates here.

The numbers: The number of job openings in the U.S. stayed at 8.9 million for the third month in a row, suggesting the demand for labor remains quite robust.

Federal Reserve officials want to see labor market cool off further as they prepare to reduce interest rates later this year. A tight labor…

Target Corp. is well positioned for growth in its second-quarter as the retail giant gets past the challenges of recent years, such as the 2023 controversy over Pride-themed products, according to analyst firm D.A. Davidson.

The discount retailer’s shares soared following the company’s fourth-quarter results to end Tuesday’s session up 12%. The stock is up 3.3% Wednesday.

“For…

Shares of EVgo Inc. got a nice boost Wednesday after the company, which operates an electric-vehicle-charging network, reported fourth-quarter results that beat expectations, with charging revenue more than tripling.

The company said growth in the usage of its charging stalls continues to exceed growth in EVs in operation. In 2023, 930 new stalls were added, to reach 2,990 stalls in operation at the end of the year.

“EVgo…