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Personal Finance Daily: Pay hikes for switching jobs are shrinking, so think twice before you jump ship and DoorDash, Uber and Grubhub sue New York City over minimum wage for delivery workers

Thursday's top personal finance stories.

ETF Wrap: Here are ETF themes and categories investors may want to consider in the second half of 2023

U.S. investors in exchange-traded funds rapidly took note of the growth potential for artificial intelligence and robotic-related ETFs in the first half of 2023. Here are some other thematic investment ideas for the rest of this year.

: As U.S. bakes in scorching heat, low-income people and communities of color are hit hardest — here’s why

Some have come to see air-conditioning access as both a public-health and racial-equity issue.

: Home-builder stocks take a broad beating as 10-year yield’s breakout fuels demand concerns

Home-builder stocks dropped Thursday, as a jump in Treasury yields sparked concerns that higher mortgage rates would hurt demand for new homes.

Lawrence G. McMillan: Stocks are overbought, yes, but don’t sell yet

Maintain a core bullish position in the U.S. market, strategist Lawrence McMillan says.

Market Extra: Stock market slumps as investors realize rates will be higher for longer

Financial markets finally come around to idea that U.S. interest rates are likely to stay higher for longer, driven by a blowout private-sector jobs report.

The Tell: Tesla deliveries could spark rotation to EVs from AI as stock-market investors chase rally: analysts

Individual investors keep chasing a 2023 stock-market rally, but show signs of pivoting toward electric-vehicle makers and away from AI plays, research firm says.

Market Extra: Why BofA says to own this version of the S&P 500 in the second half of 2023

Investors may be better off owning the equal-weighted version of the S&P 500 in the second half of 2023, after the popular stock-market gauge soared on narrow breadth during the first six months of the year, according to BofA Global Research.

Metals Stocks: Gold ends at lowest level since March as Treasury yields rise on strong U.S. employment and service-sector data

Gold futures settle at their lowest level since March on Thursday as Treasury yields rise on data showing strength in U.S. private-sector employment and in the service sector.

Distributed Ledger: Why Bored Ape cartoon monkey NFTs crashed to a two year low this week

Welcome back to the Distributed Ledger newsletter.

: Pay hikes for switching jobs are shrinking — think twice before you jump ship

Even as employers keep up the hiring spree, pay increases for new hires don't appear to be keeping pace, according to ADP.

MarketWatch First Take: Meta’s Threads has big initial momentum, but sustaining it will be key

Will Meta be able to keep its users coming back?
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