Articles

Investors in Uber and other gig companies could be hoping for a Trump win in November. Here’s why.

Biden’s policies are seen as much more friendly to gig workers, and his re-election could offer a fresh challenge for companies like Lyft and DoorDash.

Apple’s shockingly bad iPad ad is poorly timed and raising many questions

Apple Inc.’s new ad for the latest iPad is a shockingly bad image for a company that has for years sold its products to creators, sparking a fury of outraged comments among consumers and its customers.

Arm crushes earnings expectations, but stock falls as forecast lacks wow factor

After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.

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.
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