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For high earners, saving up to your company match isn’t going to be good enough to replace the income you’ll need later on. 

U.S. oil prices failed to find much support from official U.S. data revealing a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand, with many traders out for the upcoming Independence Day holiday. 

The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data. 

Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday.  It is the first decline after three straight monthly increases. 

Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing. 

Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the investment bank who shared details from two internal memos with MarketWatch on Wednesday. 

Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. 

Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on high alert over climate change and the risk of more frequent, more intense storms posing a growing challenge for the market in the future. 

Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks. 

Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future.