Articles

Bitcoin is trading sideways, but get ready for another rally in September

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer.

Extending Trump’s tax cuts could ‘run the deficit into the stratosphere.’ Here’s how much that could cost.

Extending a spate of the 2017 tax cuts enacted under former President Donald Trump could cost $4.6 trillion over 10 years, according to a fresh estimate on Wednesday.

Home prices keep climbing nationally, but they’re falling in these 15 markets

Home prices see growth in 93% of U.S. metropolitan areas despite ‘highest mortgage rates in two decades,’ National Association of Realtors says says.

Price of engineered-wood siding soars 38%, fueling earnings beat for LP Building

LP Building’s stock took flight Wednesday toward a fresh record close, after the wood building products maker beat first-quarter earnings expectations and raised its full-year outlook.

Apple’s AI future can be summed up with a big question mark

How will ‘Apple Intelligence’ differ from Google, Amazon and other rivals?

Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.

Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.

Stock-market crash fears are fading, according to options traders

As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.

Wells Fargo names JPM veteran as corporate and investment bank co-CEO in bulk-up

Fernando Rivas is joining the bank as it staffs up its investment-banking practice.

Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule

Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.

If the economic outlook is so good, why are people tapping their 401(k)s?

Bank of America has suddenly reported a sharp jump in the size of loans and hardship withdrawals from its 401(k) plans

Two more reasons for Victoria’s Secret’s troubles? Kim Kardashian and Rihanna, analyst suggests.

Analysts are worried about Victoria’s Secret losing market share — potentially to brands from celebrities like Kim Kardashian and Rihanna — and cutting prices in an effort to spur demand.
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