Text size Uncredited First-quarter earnings season continues this week with retailers making up a larger share of reports. Economic releases will include retail sales and housing-market data. Home Depot reports earnings on Tuesday, followed by a busy Wednesday: Cisco Systems , Take-Two Interactive Software , Target, and TJX Cos. all report. Walmart , Alibaba Group … Read more
Text size Alibaba stock fell Tuesday as investors assessed the uneven nature of China’s economic recovery. Greg Baker/AFP via Getty Images Alibaba , JD.com , and other U.S.-listed Chinese stocks climbed Tuesday as the country’s economy rebounded at a faster-than-expected pace in the first quarter. China’s gross domestic product (GDP) rose 4.5% in the first … Read more
Regulators shut down Silicon Valley Bank to protect depositors following a decline in deposits. The Silicon Valley-based bank is the second-largest FDIC-insured bank by assets to fail and the largest since 2008 when Washington Mutual collapsed, according to Dow Jones Market Data. SVB has $212 billion in assets; Washington Mutual had $307 billion in assets. … Read more
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-straight monthly consumer-inflation reading that showed diminishing price gains. Expect Fed Chairman Jerome Powell to temper the market’s enthusiasm, however, when he … Read more