Need to Know: The big question this week: Is the Fed about to completely break this market?

All eyes will be on the Federal Reserve meeting midweek, as bulls pin their hopes on some dovish words, if not a pause in the rate-hike playbook, to lure buyers back in to this reeling stock market. It’s almost Christmas, after all. But one way or another, there will be fireworks, according Chris Puplava, CIO … Read more

London Markets: FTSE 100 down, as retail sector shaken by ASOS profit warning

Retail gloom hit London markets on Monday, after online retailing giant ASOS PLC cut its full-year outlook, sending its rivals into the red. Mining companies led the heavy-weight gainers. How are markets trading? The U.K.’s FTSE 100 UKX, -0.35%  declined almost 0.2% to 6,832.95, after finishing up 1% last week. The pound GBPUSD, +0.3099% was … Read more

Peter Morici: GM shareholders — not Trump— should be calling for Barra’s head

Reuters General Motors CEO Mary Barra. It is ironic that General Motors GM, -0.03%  CEO Mary Barra has drawn the ire of President Donald Trump and members of Congress for announcing plant closures in Michigan, Ohio and Canada when it is her shareholders who should be calling for her head. Barra claims she is responding … Read more

Gifts That Pay Off: This crafty gift can save you money, help you start your own business, or just make a T-shirt

This story is part of a MarketWatch series, “Gifts that pay off,” about presents that have an impact long after the holiday season has passed. Have a creative loved one who wants to save some money or try their hand at an artistic side hustle? Giving this one machine in particular as a holiday gift … Read more

NerdWallet: Your days of itemizing tax deductions might be over

This article is reprinted by permission from NerdWallet. Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for receipts and filling out extra forms to itemize? The decision largely boils down to whether itemizing will reduce your taxable … Read more

The Wall Street Journal: Goldman Sachs faces charges from Malaysia authorities over 1MDB connection

HONG KONG — Malaysian authorities on Monday filed criminal charges against Goldman Sachs Group Inc. and a former partner of the bank in connection with the 1MDB financial scandal, the country’s attorney general said in a statement. Goldman Sachs International GS, -1.79%   and two Asian subsidiaries of the Wall Street bank were charged under … Read more

The Wall Street Journal: Chinese stocks have outperformed S&P 500 since trade truce

Shares in China have outperformed their U.S. counterparts since Beijing and Washington agreed to hold fire in their trade battle, reversing a pattern that has held for most of this year. Calm has returned to China’s stock markets after a dismal and volatile year, amid expectations Beijing will take more potent measures to arrest an … Read more

Asia Markets: Asian shares inch higher ahead of meetings by Fed, China’s economic policymakers

Asian markets rose Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth. Japan’s Nikkei 225 index NIK, +0.68%   added 0.6% and the Kospi SEU, +0.14%   in South Korea gained 0.1%. Hong Kong’s Hang Seng HSI, +0.10%   was … Read more