Articles

: California Supreme Court agrees to hear Prop. 22 appeal after ruling favoring Uber, Lyft

The law written by Uber, Lyft and DoorDash is being challenged by gig workers and SEIU California.

Personal Finance Daily: DoorDash doubles down on ‘earn by time’ and millionaires are doing something unusual to preserve their wealth — which you can do

Wednesday's top personal finance stories.

: ‘We’ve never seen this before’: Millionaires are doing something unusual to preserve their wealth — and you can do the same

‘I’ve been presenting this report to banks across the globe,” he said. “All of them are confirming what I’ve told you,’ analyst Elias Ghanem told MarketWatch.

: Fed stress tests see large banks able to handle recession and slide in commercial real estate prices

Fed sees 23 banks able to maintain minimum capital requirements despite projected total losses of $541 billion and a 40% drop in commercial real estate prices.

: Overstock will bring back Bed Bath & Beyond’s loyalty program after scooping up website, data in bankruptcy process

Overstock on Wednesday said it had it had acquired Bed Bath & Beyond's brand and intellectual property.

: After ‘transformative’ year, Roivant aims to challenge bigger rivals in inflammation and immunology

Roivant shares gain more than 10% after narrower-than-expected quarterly loss.

Market Extra: Why stock-market bulls see small-caps shaking off bank worries to take rally baton

The second half of 2023 could be a time to shine for small-cap stocks, after being braked by regional banking worries as large-cap tech shares soared.

: U.S. ‘very stridently’ asking Russia for better access to detained reporter Evan Gershkovich, White House says

The White House 's John Kirby says U.S. officials are continuing to push Russia for more access to detained Wall Street Journal reporter Evan Gershkovich.

: Joby Aviation’s stock takes off after maker of electric air taxis gets one step closer to commercial flights

Joby Aviation shares rallied more than 40% after the company secured approval from U.S. regulators for test flights of its eVTOL aircraft.

: Carnival’s stock sails toward a record monthly gain

Carnival's stock has been climbing on cruise control in June, toward its best monthly performance since going public 36 years ago, fueled by record demand.

In One Chart: Apple’s march toward a $3 trillion valuation, shown in one chart

Apple Inc. Chief Executive Tm Cook is getting ever closer to leading a $3 trillion empire.

Market Extra: Corporate bankruptcies are speeding up to recession levels as the Fed’s rate hikes take a toll

Large corporate bankruptcies are picking up this year, with the pace of weekly filings nearing levels last seen during the COVID crisis, according to Apollo Global Management's chief economist.
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