Articles

‘Irrational excitement’ over AI will wipe out tech stocks, says contrarian investor who has nailed prior selloffs

Steven Jon Kaplan, author of the True Contrarian blog and newsletter, says a popular tech ETF is headed for hard times thanks to “irrational” AI excitement.

Boston Scientific’s stock jumps premarket as earnings shine and company offers upbeat guidance

Sales of cardiovascular products rose 15.9% in the quarter, helping the company beat estimates.

Why do some people have a will but others don’t?

Without a will, asset dispersal can be problematic

Stock-market pessimism is climbing. Why it’s still not bad enough to imply stocks hit a bottom.

Stocks could have more room to fall before they touch bottom, says Tom Essaye, founder of Sevens Report Research.

Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%

Mortgage applications fell 2.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage stood at 7.24%.

Roche prepares for business after boom from COVID-related products

The Swiss pharmaceutical company reiterated its outlook, predicting single-digit growth this year, following an end to the slump in COVID-19-related sales.

AT&T sees a big subscriber boost — and also beats on free cash flow

AT&T delivered a sharp boost in free cash flow for the first quarter, while delivering a beat on that closely watched metric.

Social Security’s COLA formula could change under new proposal — and mean higher benefits for seniors

Using a different index to measure Social Security’s cost-of-living adjustment could better reflect senior spending

Hong Kong’s Hang Seng hits 2024 high as traders warm to ‘un-investable’ China stocks

Hong Kong’s Hang Seng index jumped 2.2% Wednesday, to close at its highest since late November as a rebound in China-related stocks picked up steam.

Airlines to give automatic cash refunds to flyers under new Biden regulation

The Biden administration has rolled out a new regulation that aims to make airlines provide automatic cash refunds to passengers owed such compensation.

U.S. housing market is ‘chaotic’ — and faces one of its biggest tests, Re/Max founder says

The housing market is facing a significant hurdle in the form of higher rates, brokerage chairman says.

‘I racked up $45,000 in credit-card debt making home repairs’: Should I refinance my $1.5 million house or take out a personal loan to pay it off?

“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
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