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Encore: Medicare Trustees Report for 2023 contained no bad news
Expenditures remain high -- primarily due to high healthcare costs, not program generosity Read full article
3h ago
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Mark Hulbert: This ‘dull’ stock market is just waiting to catch you napping
Stocks may decline this summer, but don’t blame anemic trading volume. Read full article
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Need to Know: Here’s the red flag that says a tech stock selloff could arrive soon, according to Citi
Citigroup says investors are reaching a tipping point in their bullishness on tech stocks. Read full article
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Movers & Shakers: Gitlab soars more than 20% as it spotlights AI efforts, while Mobileye stock falls
Gitlab, Mobileye and other stocks were among the most active ahead of Tuesday's market open. Read full article
4h ago
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: ‘The lowest of the low’: Beware of this scam if you’ve had a loved one die recently
Scammers are reportedly using obituary information to pose as funeral-home workers and ask grieving families for money. Read full article
4h ago
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: ‘Dying is not a failure.’ Why—and how—to prepare for death. 
The book discusses ways reform healthcare, educate consumers to advocate for better care around dying and explain how more care doesn’t equal better care. Read full article
4h ago
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Market Snapshot: Stock futures struggle for direction in early trade
Markets displayed a cautious tone early Tuesday after Wall Street's latest advance to fresh highs for the year faltered late in the previous session. Read full article
5h ago
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Next Avenue: The surprisingly very long list of things your car insurance won’t cover
Don’t wait until after a collision to find out what your automobile insurance policy actually does — and does not — cover. Read full article
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NerdWallet: Latinos are making financial gains, but the picture isn’t all rosy
Recent data shows more Latinos are saving and investing than a decade ago, but systemic barriers to Latino wealth persist. Read full article
5h ago
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NerdWallet: How to finance a summer vacation
Summer can be an expensive time to travel, which makes it hard to budget enough money for your vacation. Here are three ways to pay. Read full article
5h ago
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Kelley Blue Book: Need a fuel efficient, run-about-town compact SUV? Check out the 2023 Hyundai Kona.
The 2023 Hyundai Kona subcompact SUV offers a range of variants to please many types of buyers, with a lineup that stretches from economical to energetic. Read full article
5h ago
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Bond Report: Treasury yields dip in early trading
Bond yields fell on Tuesday in cautious trading ahead of next week's Federal Reserve policy meeting. Read full article
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Market Extra: Aussie bond yields and dollar rise after central bank delivers another surprise rate hike
The RBA lifted the official cash rate by 25 basis points to 4.10%, its highest level since early 2012. It marked the second-straight surprise hike in a row. Read full article
7h ago
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In One Chart: As major tech stocks head for the moon, investors drain $77.5 billion from equity funds
Even as major tech stocks touch new highs for 2023, investors are fleeing equity funds in favor of fixed-income alternatives, according to LSEG Lipper data. Read full article
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Living With Climate Change: Fungi remove at least a third of polluting carbon from oil and gas. Can we increase its role in curbing climate change?
Mycorrhizal fungi are responsible for holding up to 36% of yearly global fossil fuel emissions below ground — more than China emits each year. Read full article
13h ago
Oil
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MarketWatch First Take: Apple’s Vision Pro could be biggest hit since iPhone, but there is a long way to go
Tech "visionaries" have been selling the world on virtual reality for decades using videogames, but Apple took a more grown-up — and exciting — approach. Read full article
05.06.2023
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Help My Career: Younger workers know being remote has drawbacks, but they don’t care. Here’s why.
'I don’t think I would go for a job that is full-time in the office again," one respondent to a new survey said. Read full article
16h ago
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Market Extra: Why another cut to AAA U.S. credit rating could derail the stock-market rally
Fitch Ratings still needs to resolve its 'rating watch negative' action stemming from the latest fight over the U.S. debt ceiling. A second AAA credit rating downgrade to the U.S. could shake global financial markets.  Read full article
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: Will the new Apple headset provide a lifeline for Mark Zuckerberg’s metaverse — or kill it?
By stepping into the metaverse, Apple might help prop up rival Meta's star-crossed initiative amid an AI gold rush — or simply hasten its demise. Read full article
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Key Words: Apple says you’ll no longer need to say ‘Hey, Siri’ to get the virtual assistant’s help
For those with the iOS 17 operating system installed on their iPhones, it will suffice to say "Siri." Read full article
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: Unions say Starbucks violates worker rights it claims to uphold — and its membership in U.N. corporate initiative is ‘self-serving’
One of the 10 principles of the U.N. Global Compact is that businesses should uphold workers' rights to freedom of association and collective bargaining. Read full article
16h ago
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: Is it worth spending $3,499 on Apple’s Vision Pro VR headset? Read this first.
The price of Apple's VR headset is more than double the median monthly mortgage payment in the U.S. Read full article
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The Tell: Here’s the pain trade Citi sees in U.S. stocks as S&P 500 exceeds its 2023 target
The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade." Read full article
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Financial Crime: Startup founder pleads guilty to ripping off VC investors with cooked books and phony customer claims
Crystal Huang admitted to lying about the finances of her startup, ProSky, to entice venture firms focused on diverse investing. Read full article
17h ago
marketwatch.com
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: The $3,499 Vision Pro headset, iOS 17, and everything else Apple just announced at WWDC
Apple Inc.'s $3,499 Vision Pro headset stole the show Monday as Apple kicked off its WWDC event, but there were other announcements, too. Read full article
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: Manchester United’s stock slips as takeover saga rumbles on
Saturday’s FA Cup final defeat against Manchester City marked the end of Manchester United’s season. Read full article
17h ago
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Market Extra: What if the S&P 500 fumbles its bear-market exit? What strategists think of the role of tech in this rally.
Gains for megacap technology stocks fizzle Monday, after earlier helping put the S&P 500 on pace to exit its longest bear-market run since 1948. Read full article
17h ago
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: Apple’s new Vision Pro headset will cost $3,499, arrive in 2024
Apple showed off its mixed-reality headset Monday, with the new Vision Pro device supporting 3-D content and featuring a staggering price tag of $3,499. Read full article
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Money Matters: This 26-year-old went from trading Air Jordans to starting three money-making businesses
How Matt Choon, the founder and CEO of Bowery Showroom, turned his interests into revenue Read full article
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Financial Crime: The six wildest allegations the SEC is making against Binance
The securities regulator has leveled 13 civil charges against the world’s biggest crypto exchange and its enigmatic co-founder, Changpeng ‘CZ’ Zhao. Read full article
19h ago
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Banking: Regional bank bond prices outperform stocks of late — a sign that debt investors are growing more comfortable
Corporate bond prices for Western Alliance Bancorp have outperformed stock prices lately, while Zions, Keycorp, Comerica bond prices have moved higher. Read full article
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: Palantir’s stock surges toward 17-month high after company gets U.S. Special Ops contract valued at up to $463 million
Palantir's stock powers up toward a 17-month after the software company was awarded a multiyear U.S. special ops contract worth up to $463 million. Read full article
19h ago
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Michael Brush: Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays.
Big pharma will be looking to acquire companies with promsing new medicines. Read full article
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: Apple debuts new 15-inch MacBook Air for $1,299, adds new Mac Pro and Studio PCs
Apple Inc. debuted a new, larger version of its MacBook Air laptop Monday as it kicked off its WWDC developer event. Read full article
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Deep Dive: How can community banks compete with industry giants for deposits? Here’s what to know.
The Federal Home Loan Banks don't only provide emergency funding. They support mortgage lending and affordable housing — without using taxpayer money. Read full article
20h ago
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Commodities Corner: Saudi Arabia’s planned oil cut could lead to ‘cracks’ within OPEC+ — but not a spike in gasoline prices
Saudi Arabia is looking to control oil's "narrative," one analyst says, but that should not hurt drivers fearing more pain at the gas pump Read full article
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: Here are all the new software features coming to Apple’s iPhone this year
Users of Apple Inc.'s iPhone will soon be able to more easily screen calls, check-in with loved ones, and exchange contact information. Read full article
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: Want to earn 5% on your cash? Money-market funds are giving online savings accounts a run for their money. 
Money-market funds own around 15% of the Treasury-bill market, according to one estimate. Read full article
20h ago
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The Ratings Game: Why Meta’s stock is still ‘highly attractive’ after a 125% surge this year, according to one bull
Meta has already translated artificial intelligence into revenue benefits, and one analyst thinks a continuation of that trend could power its stock further. Read full article
21h ago
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: SEC charges Binance and founder CZ with mishandling customer funds, illegally serving U.S. investors
The Securities and Exchange Commission charged Binance Holdings Inc. and its founder Changpeng Zhao with securities law violations Monday. Read full article
21h ago
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Key Words: AMC CEO touts record U.S. food and beverage sales
"Apparently our guests are coming to see movies hungry and thirsty," AMC CEO Adam Aron tweeted. Read full article
21h ago
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Mark Hulbert: The ‘June Swoon’ and other fairy tales
The monthly contrarian update of market timer sentiment Read full article
21h ago
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Crypto: Bitcoin drops after SEC files 13 charges against Binance, founder Changpeng Zhao
Major cryptocurrencies sank on Monday, after the Securities and Exchange Commission charged the world's largest crypto exchange, Binance Holdings Inc., and its founder Changpeng Zhao with 13 securities law violations.  Read full article
21h ago
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Economic Report: Businesses hit a wall, ISM finds. ‘Everything seems to have leveled off: not getting any worse, not getting any better’
Most U.S. businesses grew at a slower pace in May as customer demand leveled off, a new survey showed. The ISM services index fell to a 5-month low of 50.3%. Read full article
23h ago
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Economic Report: April U.S. factory orders rise for fourth gain in five months
Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday. Read full article
23h ago
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: Circor’s stock rockets after buyout deal with KKR valued at $1.6 billion, including debt
Circor's stock rocketed Monday after the flow-control-products company announced a $1.6 billion cash deal to be acquired by KKR. Read full article
23h ago
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Banking: Kennedy Wilson lines up Fairfax Financial as buyer of PacWest loan portfolio
Fairfax to pay $2.1 bln for construction loans from Kennedy Wilson's previously-announced acquisition of PacWest loans. Read full article
23h ago
marketwatch.com
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: Spotify will lay off 200 employees as it shakes up podcast strategy
Spotify Technology plans to lay off about 200 employees, or roughly 2% of its workforce, as it shifts its strategy around podcasts. Read full article
23h ago
marketwatch.com
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: Apple’s stock at all-time highs ahead of WWDC, headset reveal
Apple shares are on track to close at a record high Monday as the company approaches the next stage in its journey as a consumer-electronics powerhouse.  Read full article
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Banking: U.S. banks may need to raise capital requirements by 20%: WSJ
The Federal Reserve spearheads effort to boost requirements, alongside the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency. Read full article
1d ago
marketwatch.com
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Metals Stocks: Gold kicks off week with loss as dollar, Treasury yields rise
Gold futures lost ground Monday, as the U.S. dollar and Treasury yields rose to kick off the week. Read full article
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The Ratings Game: Chip stocks ‘have gotten ahead of themselves,’ Citi says — but this ‘top pick’ can thrive
Chip stocks have enjoyed a recent run-up amid the frenzy over AI, but a Citi analyst warns that semiconductor names seem "due for a pullback." Read full article
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The Ratings Game: Apple could be cooking up 3 more $10 billion-plus businesses, one analyst says
Apple Inc. doesn't have to get flashy to cook up big new business opportunities, according to Evercore ISI analyst Amit Daryanani. Read full article
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Need to Know: Morgan Stanley sees an earnings wipe out ahead for Wall Street’s unloved stock rally
Morgan Stanley strategist Mike Wilson still expects "a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced in," by stock markets. Read full article
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: Dollar hits fresh record against Turkish lira despite appointment of ‘rational’ finance minister
The dollar hit a fresh record high versus the Turkish lira despite President Erdoğan appointing a finance minister who pledged a "rational" economic policy. Read full article
1d ago
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: Tesla recalls some Model Y EVs, stock rises toward 7-day win streak
Tesla has issued a voluntary safety recall of certain Model Y electric vehicles, due to a risk of loss of steering control. Read full article
1d ago
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Bond Report: Treasury yields higher, but chances rise of Fed June pause
Appetite for risk across global markets was damping demand for Treasuries, with yields also nudged higher by last week's sturdy jobs report Read full article
1d ago
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Market Snapshot: U.S. stock futures show S&P 500 consolidating at 2023 highs
The S&P 500 on Monday was looking to consolidate at its best level since August having rallied in recent sessions on the removal of U.S. debt default fears. Read full article
1d ago
marketwatch.com
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Kelley Blue Book: 10 facts about the U.S. version of the ID.Buzz, VW’s electric retro-inspired microbus
We bring you up to speed on the new 3-row ID. Buzz, which VW's U.S. boss has described as a vehicle that will 'once again become our brand hero in America.' Read full article
1d ago
marketwatch.com
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Next Avenue: No news is not good: Retirees are filling the news hole where local papers have shut down
Without a hometown paper, citizens are in the dark about community issues. To fill the void, retired journalists are volunteering to provide local news. Read full article
1d ago
marketwatch.com
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NerdWallet: These are the places American travelers are headed this summer
The lingering impacts of the COVID-19 pandemic continue to shape travel trends as things pick up again. So what are the popular travel destinations this summer? Read full article
1d ago
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Kelley Blue Book: The new 2023 Honda CR-V aims to excel in a multitude of ways. Mission accomplished.
The 6th generation of the perennially popular Honda CR-V compact SUV takes the yawn out of driving with a beautifully tuned suspension and a smart interior. Read full article
1d ago
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NerdWallet: Jobs in artificial intelligence: Workers are looking to ride the wave, and employers are hiring
Advancements in technology have always spawned new kinds of jobs while rendering other ones obsolete. Artificial intelligence will be no exception. Read full article
1d ago
marketwatch.com
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Kelley Blue Book: Kia jumps into electric car price wars by bringing back the EV6 Light
The South Korean automaker has cut the starting price on its gorgeous 2023 EV6 SUV by bringing back an entry-level trim. Read full article
1d ago
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Dow Jones Newswires: UBS expects to complete Credit Suisse acquisition as early as June 12
Upon completion, Credit Suisse's shares and American depositary shares will be delisted from the SIX Swiss Exchange and the New York Stock Exchange, UBS said in a statement Monday. Read full article
1d ago
marketwatch.com
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Futures Movers: Oil prices jump more than 2% after Saudi Arabia sets July production cut
Oil futures trade with strong gains Sunday evening, after Saudi Arabia announces it will cut production by another 1 million barrels a day in July. Read full article
2d ago
Oil
marketwatch.com
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04.06.2023
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Movers & Shakers: U.S. stocks appear headed for a flat open, but keep an eye peeled Monday for Dish, Gannett, Palo Alto Networks, CarGurus and others
Here are some prospective movers to keep an eye on Monday, when the U.S. stock market, as of early Sunday evening Eastern time, appeared poised for a muted start to the new week. Read full article
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: As China’s airlines struggle to get back on their feet, a homegrown rival to Boeing and Airbus at last takes to the skies
The Comac C919, which is positioned to compete with Boeing’s 737 Max and Airbus’s A320, took its first commercial flight this week, from Shanghai to Beijing Read full article
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Retire Better: The debt-ceiling deal hurts Social Security Here’s why.
The one who may pay a price down the road for an underfunded IRS could be you. Read full article
2d ago
marketwatch.com
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Earnings Watch: Big Tech is driving corporate earnings, and buoying expectations for coming months
Q2 profit expectations grew more pessimistic for all but two industries over the past three months, according to FactSet. Both were heavy on big tech. Read full article
2d ago
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Market Extra: Saudis to cut oil production by 1 million barrels a day in July as OPEC+ extends output deal
OPEC+ on Sunday says it will maintain production at current levels, while Saudi Arabia will cut output by an additional 1 million barrels a day in July. Read full article
2d ago
Oil
marketwatch.com
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Market Snapshot: A Fed skip? Pause? Either way, investors aren’t likely out of the woods yet
Even if the Federal Reserve skips a June rate hike to give 5% rates more time to sink in, stocks, bond and the economy still face challenges. Read full article
2d ago
FED
marketwatch.com
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