Articles

: Ripple token not a security in retail sales, judge rules in partial win for crypto

A federal judge ruled that Ripple Labs' crypto token, XRP, is not a security when sold on digital asset exchanges to the general public

: Longing for the return of pre-pandemic rent prices? Don’t get your hopes up.

Rents rose 8.3% from June 2022 — a period when prices were breaking records in places like Manhattan.

: Fed’s Daly says she was not ‘regularly aware’ of problems at Silicon Valley Bank

San Francisco Fed President Mary Daly said Thursday she was not "regularly aware" of problems at Silicon Valley Bank before its failure in March.

Currencies: U.S. dollar on pace for sixth consecutive day of decline as inflation cools

The U.S. dollar fell further Thursday after data shows U.S. wholesale inflation cooling more than expected in June. 

Key Words: ‘He should be our next president’: Bill Ackman doubles down on call for Jamie Dimon to join 2024 race

JPMorgan's Jamie Dimon is better fit for office than any presidential candidate in the running, says hedge fund giant Bill Ackman.

: Barbie boost: These stocks could be in the pink amid movie buzz

"Everywhere you look, Barbie pink is the new black,” said Dave Bruno of retail-technology company Aptos.

Earnings Outlook: AI will ‘fundamentally change’ Google search, Meta advertising: analyst

"We expect search to fundamentally change, but change will take time, and our analysis of 3 key AI success factors still put GOOGL in the best position to disrupt/improve its own business," Morgan Stanley analyst Brian Nowak wrote Thursday.

Economic Report: Jobless claims drop to 237,000 and point to still-strong U.S. labor market

The number of Americans who applied for unemployment benefits last week fell to 237,000, indicating that most companies are reluctant to fire workers.

The Ratings Game: SoFi’s stock catches another downgrade: ‘It needs to be valued more like a bank.’

If it walks like a bank and talks like a bank, should its stock be valued like a bank's?

Metals Stocks: Gold futures trade a near 1-month high as U.S. dollar weakens

Gold futures on Thursday trade at their highest levels since mid-June, while silver touches the highest prices in two months, as the U.S. dollar tumbled following the release of June inflation data.

: Virgin Galactic’s stock jumps as company sets date for second commercial flight

Virgin Galactic is targeting Aug. 10 for Galactic 02, its second commercial flight.

Key Words: Disney’s Bob Iger says traditional TV is near ‘obsolescence’ — and teases possible asset sale

CEO Bob Iger plans to take an "expansive" and "open-minded" look at the future of Disney's legacy cable and network businesses.
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