Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more

Amazon warehouse workers get ‘big win’ with New York law on quotas

Amazon warehouse workers get ‘big win’ with New York law on quotas

A new law in New York will require companies that operate distribution centers to be more transparent about their work requirements, aiming to protect warehouse workers from possibly unlawful quotas. Gov. Kathy Hochul last week signed the Warehouse Worker Protection Act, which is modeled after a similar, first-in-the-nation law signed in California last year. The … Read more

Christie’s Sells Record $8.4 Billion in Art, Spurred by Big Estates and Young Bidders

Christie’s Sells Record $8.4 Billion in Art, Spurred by Big Estates and Young Bidders

Christie’s International said Monday it sold $8.4 billion in art this year, up 17% from the year before, lifted by the $1.6 billion total estate sale of Microsoft co-founder Paul Allen and an influx of millennial collectors globally. Christie’s said its sales broke down to $7.2 billion in auction sales this year, up 33% from … Read more

Sotheby’s Sold $7.7 Billion in 2022; Art Market Shows Signs of Possible Slowdown

Sotheby’s Sold $7.7 Billion in 2022; Art Market Shows Signs of Possible Slowdown

The shiny veneer of a resilient art market is starting to show some cracks. Sotheby’s said its fine art and collectible sales topped $6.8 billion this past year, down 7% from 2021, a sum that still represents the second-highest total in the 278-year-old company’s history. The house’s sales include $5.4 billion in auctioned art sales … Read more

November Retail Sales Fell in Biggest Drop in Nearly a Year

November Retail Sales Fell in Biggest Drop in Nearly a Year

U.S. retail sales fell sharply in November as the holiday shopping season got under way, posting their biggest drop in nearly a year as inflation cooled. Sales at U.S. retail stores, online sellers and restaurants fell by a seasonally adjusted 0.6% in November from the previous month, the Commerce Department said Thursday. That was a … Read more

SEC Set to Propose Rules That Would Squeeze Stock-Market Middlemen

SEC Set to Propose Rules That Would Squeeze Stock-Market Middlemen

WASHINGTON—Regulators are set to propose the biggest changes to U.S. stock-market rules since the mid-2000s, aiming to give small investors better prices on their trades and reduce some advantages enjoyed by high-speed trading firms. The Securities and Exchange Commission is preparing to vote on four proposals, along with a separate final rule related to insider … Read more

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen Inc. AMGN -2.42% is in advanced talks to buy drug company Horizon Therapeutics HZNP 0.39% PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year. The U.S. biotechnology company was the last of three suitors … Read more

Microsoft Tops the Best-Managed Companies of 2022

Microsoft Tops the Best-Managed Companies of 2022

The technology sector’s grip on the top spots in the annual Management Top 250 ranking slipped this year. Microsoft Corp. held its ground, ranking No. 1 in this measure of the best-run companies in the U.S. for the third straight year. But unlike last year, when tech companies took the first five spots in the … Read more

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Kroger is the top U.S. supermarket operator by sales. Photo: elijah nouvelage/Agence France-Presse/Getty Images Updated Dec. 10, 2022 3:16 pm ET A Washington state judge on Friday extended a temporary restraining order blocking a $4 billion dividend that Albertsons ACI -0.88% Cos. planned to pay its shareholders amid its plans to be bought by Kroger … Read more

Coal and gas price caps and whether they’ll lower your energy bills explained

Coal and gas price caps and whether they’ll lower your energy bills explained

When historians look back at 2022, one of the defining features will surely be the sheer scale of an energy crisis almost unparalleled in modern times. From the start of the year, when resurgent northern hemisphere economies put a rocket under coal and gas prices, to Russia’s invasion of Ukraine that sent those prices into … Read more