Articles

The Moneyist: ‘I’m concerned my friends will think I’m cheap’: I used to give friends’ kids $100 gift cards, but I left my job in tech. Is $25 an insult?

‘I have been generous in the past when giving gifts for graduations or birthdays.’

Bond Report: Treasury yields higher as investors assess interest rate outlook

Appetite for risk across markets reduced demand for sovereign debt, while investors continued assessing what could be next for the Fed's interest-rate decision

: Spotify will lay off 200 employees as it shakes up podcast strategy

Spotify Technology plans to lay off about 200 employees, or roughly 2% of its workforce, as it shifts its strategy around podcasts.

Need to Know: Morgan Stanley sees an earnings wipe out ahead for Wall Street’s unloved stock rally

Morgan Stanley strategist Mike Wilson still expects "a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced in," by stock markets.

Banking: Kennedy Wilson lines up Fairfax Financial as buyer of PacWest loan portfolio

Fairfax to pay $2.1 bln for construction loans from Kennedy Wilson's previously-announced acquisition of PacWest loans.

: Circor’s stock rockets after buyout deal with KKR valued at $1.6 billion, including debt

Circor's stock rocketed Monday after the flow-control-products company announced a $1.6 billion cash deal to be acquired by KKR.

Economic Report: April U.S. factory orders rise for fourth gain in five months

Orders for manufactured goods rose 0.4% in April, the Commerce Department said Monday.

Economic Report: Businesses hit a wall, ISM finds. ‘Everything seems to have leveled off: not getting any worse, not getting any better’

Most U.S. businesses grew at a slower pace in May as customer demand leveled off, a new survey showed. The ISM services index fell to a 5-month low of 50.3%.

The Ratings Game: Target’s stock downgraded by KeyBanc Capital — but it’s not because of its LGBTQ+ merchandise

The problem is student loan repayments, which are slated to resume later this year.

Market Snapshot: U.S. stocks mostly higher with S&P 500 on verge of exiting bear market

U.S. stocks trade mostly higher, having rallied in recent sessions on the removal of fears of a U.S. debt default.

The Moneyist: ‘How to travel for free’: I spent $500 hosting my friend for a week. Should she have paid for food and utilities?

‘She binged on food, mainly junk food, and I had to foot the cost.’

: Investors are building a record number of homes — solely to rent out. Will this hurt aspiring homeowners?

The construction of single-family homes built by investors solely for the rental market is forging full steam ahead.
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