Articles

Crypto: BlackRock’s bitcoin ETF filing is a vote of confidence in Coinbase, one analyst says. Here’s why. 

Led by BlackRock, several major asset managers, such as Fidelity, Invesco, WisdomTree and VanEck, recently filed applications for spot bitcoin ETFs and named Coinbase as their partner for an important surveillance sharing agreement in their filings. 

: The reason U.S. car sales surprised Wall Street? People still overspend on cars.

Strong quarterly U.S. new-car sales surprised Wall Street this week, showing investors that rising interest rates, concerns about the health of the economy and still-limited new-car inventory did not stand in the way of new wheels for many Americans.

Movers & Shakers: Keurig Dr Pepper’s stock climbs on upgrade, Exxon shares slip after update, and other stocks on the move

Meta Platforms, Exxon Mobil and Spirit Airlines shares are all on the move.

Futures Movers: Oil prices pare losses with U.S. crude supplies down a third straight week

Oil futures pare some of their early Thursday declines after official U.S. data reveal a third weekly fall in domestic crude inventories.

The Moneyist: My husband and I are 64. We have $1.5 million in retirement accounts. He wants to travel. I’m more cautious. Who’s right?

"Both of us have longevity on our side: All four of our parents are in their late 80s or early 90s."

Market Extra: Mullen Automotive’s stock more than doubles in 2 days. Here’s why.

Mullen Automotive's stock rocketed on massive volume for a 2nd-straight day, after the electric-vehicle maker announced plans to buy back a chunk of shares.

Economic Report: U.S. service sector strengthens in June for 6th month, ISM says

An ISM barometer of business conditions at service companies such as restaurants and hotels rose to 53.9% in June from 50.3% in the prior month.

: Nearly half of U.S. tap water contains ‘forever chemicals’ or PFAS. Who is most at risk?

Study of "forever chemicals" in private and public water sources flags urban areas in the Great Lakes, the Eastern Seaboard and parts of California.

Key Words: Twitter CEO responds to Meta Threads: ‘We’re often imitated — but the Twitter community can never be duplicated’ 

Linda Yaccarino tweeted Thursday morning that Twitter is an ‘irreplaceable’ public square.

: U.S. service sector firms are not concerned about recession, ISM survey finds

Executives at U.S. service sector firms don't see the factors that might lead to a recession, according to the latest survey from the Institute for Supply Management.

In One Chart: Here are the Biden campaign donors who have become U.S. ambassadors — in one chart

Modern presidents use prestigious ambassador nominations to reward wealthy political donors --- and President Biden is no different, according to research.

Market Extra: Why the Wall Street bull who called 2023 rally now sees stocks hitting records in 2nd half

Fundstrat's Tom Lee explains in an interview why he upped the ante on his call for a 2023 stock-market rally.
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