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

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.

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.

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

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

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

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.

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 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.

“All of the GameStop rallies have been pretty spiky.”