Articles

SunPower’s ‘extreme’ meme-stock surge has this analyst predicting a steep fall

Wolfe Research analyst Steve Fleishman sees darker days ahead for SunPower shares after they’ve gotten caught up in the meme-stock momentum.

8 in 10 baby boomer renters would rather rent than buy a house. Here’s why.

The vast majority of baby boomers who rent would rather not buy due to the high costs of homeownership, a Bank of America survey says.

‘I feel ashamed’: A real-estate agent says my childhood home smells of dogs, which will put buyers off. Is this a ploy to lower the price?

“I have a very good nose, and it smells like the inside of an air freshener.”

Bridgewater CEO: ‘We still get 40% of our calls wrong’

Nir Bar Dea, chief executive officer at Bridgewater Associates, says his firm gets lots of market calls wrong, and investors need to acknowledge that they will be wrong a lot, too.

U.S. cannabis-dispensary operator Cresco Labs posts narrower loss as revenue dips

Cresco Labs Inc.’s stock rose Wednesday after the U.S. cannabis-dispensary operator matched analyst estimates for first-quarter revenue, as its loss narrowed.

Builders are slashing home prices to keep buyers interested, as confidence in the market wanes for the first time since November 2023

Builder sentiment fell as mortgage rates stay elevated, the National Association of Home Builders said.

Social Security’s COLA could be 3.2% in 2025

The average cost-of-living adjustment over the last 20 years has been about 2.6%, according to the Senior Citizens League

Meme-stock ‘animal spirits’ are overshadowing inflation worries, at least for now

“Animal spirits are alive and well, with traders overlooking concerning inflation data to take advantage of the momentum while it’s intact,” says Tom Bruni of Stocktwits, the social platform for investors and traders.

Retail sales flat in April

Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gasoline stations offset weakness in autos and several other categories.

The 5 changes to the 401(k) that could make a big difference to your retirement

From blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the Best New Ideas in Money.

New York State’s Empire State factory gauge weakens further in May

The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 1.3 points in May to negative 15.6, the regional Fed bank said Wednesday.

3M’s new lowered dividend yield is still double the S&P 500’s

3M’s stock pulled back slightly from a 15-month high on Wednesday, after the consumer and industrial products company cut its quarterly dividend by more than half in the wake of the spinoff of its healthcare business.
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