Articles

GM cuts EV production outlook but stresses that demand remains strong

Shares of General Motors Co. were trading at more than a two-year high but pared earlier gains after the automaker cut its full-year outlook for electric-vehicle production.

Apple Intelligence could be the superpower AI assistant we’ve always wanted

Apple’s WWDC announcement is all about you and your digital life.

Why bond and stock markets are staying calm despite stormy Treasury yield swings

An interesting dynamic is unfolding in the U.S. bond and stock markets, which continue to reflect underlying calm even after recent swings in both directions on Treasury yields.

It’s not just you — Schwab, Thinkorswim and TD Ameritrade were down this morning

Schwab says the problem has been fixed, but some people are still having issues.

Why bitcoin is falling ahead of CPI report and the Fed meeting

Bitcoin fell on Tuesday as investors awaited Wednesday’s consumer-price-index data and the Federal Reserve policy meeting that concludes the same day.

Americans agree: No one knows what to do about student debt

A new poll finds that the majority of Americans don’t approve of how government leaders, regardless of their party or position, are handling student loans.

Stocks used to rise ahead of Fed meetings. Not anymore.

A longstanding phenomenon known as “Fed drift” has mostly disappeared from markets since the beginning of 2023.

Wells Fargo exec sees the most loan stress in older office buildings

Wells Fargo CFO Michael Santomassimo points out some bright spots along with loan problems in commercial real estate.

Election pressure on Macron continues to batter euro, French bonds

Pressure stays on European stocks, the euro and French bonds for a second day as France prepares for an election.

Affirm’s stock surges after Apple announces partnership on payment products

Affirm Holdings’s stock rallied Tuesday after the provider of buy-now-pay-later payment options disclosed a partnership with Apple.

Good news on inflation? CPI might show signs of easing prices.

A surprisingly muscular May jobs report didn’t give the Federal Reserve any comfort that inflation is softening, but the latest consumer-price index might offer some good news.

This cell-tower REIT is laying off more than 10% of its employees

Crown Castle announced Tuesday some changes in how it will run its fiber business, which the cell-tower real-estate investment trust said will lead to a workforce reduction of more than 10%.
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