Young people shouldn’t save for retirement, new research says

Most financial planners advise young people to start saving early — and often — for retirement so they can take advantage of the so-called eighth wonder of the world – the power of compound interest. And many advisers routinely urge those entering the workforce to contribute to their 401(k), especially when their employer is matching … Read more

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.20% said it expects between an adjusted loss of … Read more

Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.

This year nearly every type of security has declined — bad news if you look at your portfolio’s value each day and have difficulty sleeping at night. On the other hand, it’s good news if you’re looking for income. Because the rising interest rates mean falling prices for bonds and preferred stocks. For those income-oriented … Read more

It’s the worst September for stocks since 2008. What that means for October.

September is traditionally the toughest month for stocks, but this one is shaping up to be the worst since 2008, during the bleak days of the financial crisis. Seasonally inclined investors may wonder what that means for October. Dow Jones Market Data took a look at how equities have done in the wake of past … Read more

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more

Crypto CEOs are leaving their jobs. Here’s why

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. During the past few weeks, chief executives at several major crypto companies left their positions. I caught … Read more

Dow tumbles 600 points as stock market wipes out Wednesday bounce

U.S. stocks extended losses in afternoon trade on Thursday after a batch of economic data reinforced expectations the Federal Reserve will continue to aggressively raise interest rates in its bid to get inflation under control. How stocks are trading The Dow Jones Industrial Average DJIA, -1.54% shed 614 points, or 2.1%, to 29,070. The S&P … Read more

This stock market rout looks like the dot-com bust of 2000, says investing guru

Forget about buying the dip, for a while. That’s John Duffy, founder and CEO of Trending Stocks, about why he thinks the stock market could be in for a long, early 2000s-style unwind akin to what happened in the wake of the dot-com bust. Duffy, who launched his investing platform this spring, pointed to similarities … Read more

U.K. bond yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’

U.K. gilt yields fell back from their highest in 14 years after the Bank of England said it would buy bonds at “whatever scale is necessary” to restore orderly market conditions. The 10-year benchmark gilt yield TMBMKGB-10Y, 4.002%, which moves in the opposite direction to prices, fell 49 basis points to 4.03%, having at one … Read more

Here’s why one strategist says the consumer and related stocks might get a second wind

Welcome to intervention Wednesday. The Bank of England has halted, at least for now, soaring gilt yields via some temporary bond buying. Stock futures pared some losses, but are still in the red, with the S&P 500 SPX, -0.21% in the grips of its longest losing streak since February 2000. With the bad news seemingly … Read more