Articles

Rep. McHenry says the odds of a crypto bill before Election Day are improving

The House of Representatives’ most important crypto booster said Wednesday he is “optimistic” that Congress will pass legislation this year to bring greater regulatory certainty to the digital-asset industry.

Reddit’s IPO raises questions about profitability. Here’s how it makes money.

Reddit’s forthcoming IPO has raised the question of how the social-media platform makes money and plans to turn a profit.

Happy rate-a-versary: What Fed interest-rate hikes have done to your wallet over the past two years

In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.

Paramount shares rise on report of Apollo’s $11 billion bid for company’s Hollywood studio

Shares of Paramount Global climbed nearly 8% Wednesday on reports that private-equity firm Apollo Global Management Inc. has offered $11 billion to buy the media conglomerate’s film-and-television studio.

U.S. public debt projected to reach 166% of economy in 30 years

Slower growth and significant risks to the U.S. fiscal outlook are posed by mounting debt, CBO says.

The U.S. is a less happy country than it used to be. The Swiss ambassador has thoughts.

Nordic countries and Switzerland consistently rank high in the Gallup World Happiness Report, because they “give a certain level of predictability that you find nowhere on earth.”

Low volatility isn’t a threat to stocks yet — but it will be soon, analysts warn

The stock market has been unusually calm lately. Should investors worry that a correction might be overdue?

Astera Labs’ stock soars, as investors cheer the debut of a new AI chip play

Astera Labs got a warm reception in its Wall Street debut, giving investors yet another hot chip play to consider.

Commissions are ‘not the cause’ of America’s affordable housing crisis, Realtors say as they push back at Biden

The Realtor commissions debate has turned up a notch with the Biden administration weighing in.

Biden’s EPA rolls out regulation that aims to boost sales of EVs

President Joe Biden’s administration on Wednesday released a much-anticipated final rule on tailpipe emissions for new passenger vehicles, putting forward a regulation that looks set to increase sales of electric vehicles while also making concessions sought by the United Auto Workers and other car-industry groups.

Signet Jewelers’ stock dives after weak outlook, as marriage engagements drop

Signet Jewelers’s stock was suffering their worst day in nearly two years after the seller of diamond jewelry warned of a surprise same-store sales decline in the current quarter, as marriage engagements drop off before a gradual recovery over the long term.

Super Micro’s stock is suffering its worst five-day stretch in four years

The server maker’s stock is still up about 800% over the past 12 months.
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