Articles

The record heat is probably burning through your household budget. ‘Families are falling behind.’

2023 was the hottest year on record. For millions of households, that likely meant higher utility bills and home insurance costs.

SEC approves spot bitcoin ETF, paving ways for more investors to gain exposure

The Securities and Exchange Commission greenlighted spot bitcoin exchange-traded funds (ETF) for the first time on Tuesday, paving the way for a new class of investors to gain exposure to the virtual currency that could serve as a tailwind for price of the world's most popular digital asset.

3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees

Another U.S. corporation cuts retirement benefits for its workers while fattening benefits for the people in its executive suites.

‘Goldilocks thinking’ can set stock-market investors up for losses: Howard Marks

'Goldilocks' rarely sticks around for long, warns investing legend Howard Marks in his latest memo.

BlackRock says it’s cutting 3% of its staff amid a ‘rapidly changing’ market environment

Investment-management giant BlackRock Inc. plans to lay off around 3% of its staff, or around 600 employees, the company said on Tuesday, amid what executives described as a "rapidly changing" economic backdrop and shifts in client demands.

Crypto hedge funds soared in 2023, dwarfing broader industry’s gains as macro slipped

Hedge funds climbed back into positive territory in 2023, with crypto and activist strategies surging, according to HFR.

Boeing’s stock should be in the penalty box for now, investment manager says

Boeing's stock could continue to sell off over the near term, even if the latest 737 Max issues don't affect the aerospace giant's business very much, one investment manager said.

Original meme stock AMC on pace for another record-low close

Shares of AMC Entertainment Holdings Inc. are down 3.1% Tuesday, putting the stock on pace for another record-low close.

These seven companies are worth as much as all the stocks trading in Canada, Japan and the U.K. combined

A group of seven of the most valuable U.S.-traded companies is dominating the global equity market landscape.

Fed will let emergency loan program expire, top official says

The Federal Reserve has no plans to extend an emergency loan program it launched last year to bolster the capacity of the banking system in the wake of the collapse of Silicon Valley Bank.

EIA expects solar to lead U.S. power generation growth as coal demand drops

Solar power is expected to be the top source of growth for U.S. electricity generation this year and next, as coal production and demand decline, according to a report from the Energy Information Administration.

Meta says it will restrict content for teens amid mounting criticism and AG lawsuit

Meta has faced a torrent of condemnation over the effects of its content on younger users, prompting Salesforce CEO Marc Benioff and others to compare the social-media giant to Big Tobacco, and rival Apple Inc. to blast Meta's data-privacy policies.
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