Peek Inside the Ritzy Real Estate of the Late Ivana Trump and with Roe v. Wade overturned, Georgia allows pregnant women to claim embryos as dependents — and it may not be the last state to do so

Hi, MarketWatchers. Don’t miss these top stories. Fed’s Mary Daly says ‘I don’t feel the pain of inflation anymore’ — here’s the full context of her remarks The San Francisco Fed president also said ‘we have to worry’ about those who can’t afford rising prices in an interview Wednesday. Here’s what she said in full. … Read more

Consumers are pessimistic about inflation and the economy, sentiment poll shows

The numbers: A survey of consumer sentiment posted a final reading of 51.5 at the end of July, up slightly from earlier in the month but still near the lowest level on record. Americans are very worried about inflation and trying to cut expenses. The survey initially produced a 51.1 reading earlier in the month. … Read more

US economy shrinks in the second quarter, GDP shows, and invites talk of recession

The numbers: The US economy shrank at an annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the US has already sunk into a recession. Gross domestic product, the scorecard of sorts for the economy, had shrunk at a 1.6% pace in the first … Read more

Mattel stock turns lower as American Girl sales drop

Shares of Mattel Inc. headed more than 4% lower in the extended session Thursday after the toy maker swung to a quarterly profit that was above Wall Street expectations but saw sales of its American Girl business drop nearly 20%. Mattel MAT, +2.81% said it earned $66 million, or 18 cents a share, in the … Read more

Stock market turbulence may not be scaring off retail investors: ‘We’re not seeing investors respond the way they typically have’

For all its downward dips so far this year, the stock market may not be scaring off many retail investors, polling and purchase data suggest. One quarter (26%) of people said the stock market is the best place to tuck away money they won’t need to tap for a decade, according to a new Bankrate.com … Read more

Companies Responsible for the Most Single-Use Plastic Waste in the World

The planet is overrun by plastic. Over 300 million tons of plastic are produced every year, half of which is used to create single-use items such as shopping bags, cups and straws. At least 14 million tons of plastic end up in the ocean every year, and plastic is found on the shorelines of every … Read more

Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.

If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why would its stock be getting hit? “Portfolio managers have been selling what they can as opposed to what they … Read more

US businesses grow at slowest pace in 2 years, ISM shows, as economy softens

The numbers: An ISM barometer of business conditions at service-oriented companies such as restaurants, hotels and retailers dipped to a two-year low of 55.3% in June — yet another sign of a slowing US economy. Economists polled by The Wall Street Journal had forecast a reading of 54%. The index registered 55.9% in May. While … Read more