Articles

: Etsy to cut 11% of staff as CEO says company is on ‘unsustainable trajectory’

Etsy shares were falling more than 7% in Wednesday trading action to place among the S&P 500's biggest laggards after the marketplace announced layoff plans.

: Tesla to recall more than 2 million vehicles over concerns about Autopilot and drivers’ attention

The National Highway Traffic Safety Administration called for additional controls for Tesla's Autopilot, citing "increased risk of a crash" if drivers are unprepared to intervene.

The Moneyist: I’m 65 and my retirement plans blew up when my husband died. My mom had dementia. Should I prepare for the worst?

"Should I consider finding a financial adviser now while I'm still mentally healthy, or should I continue doing it myself?"

: Renters are ‘finally catching a break,’ as rents see biggest drop in 3 years, Redfin says

While rents are starting to drop, they're still 22.1% higher than they were in November 2019, Redfin noted.

: Private-equity firms build up record $2.59 trillion in ‘dry powder,’ or capital on the sidelines

Capital waiting to be deployed, or so-called dry powder, rose 8% to a record $2.59 trillion in the past year, S&P said Tuesday.

Cannabis Watch: Curaleaf to ring opening bell at TSX to mark stock listing

Curaleaf Holdings Inc. said it will ring the opening bell at the Toronto Stock Exchange on Thursday to mark official trading of its stock on the bourse under the symbol "CURA".

: Google Cloud, Accenture create joint AI business unit

The new AI Center of Excellence will provide businesses with technical knowledge and product resources.

: SEC sets up reforms to head off crisis in $26 trillion market for U.S. government debt

The nation's top securities regulator is implementing new rules it hopes will help avoid a crisis if a major player in the U.S. Treasury market goes under.

: Markets now expecting 100 basis points of U.K. rate cuts next year, as economy slows unexpectedly

Fresh data showing a U.K. growth slowdown has money markets pricing in 100 basis points of cuts next year.

: Pfizer’s stock down 8% as 2024 profit and revenue guidance falls short of expectations

Drugmaker expands cost-cutting program as it wraps up Seagen acquisition.

Help Me Retire: I’m 59 and have $190,000 in income in quasi-retirement. Can my wife and I live comfortably with one or two trips a year? 

"We owe about $180,000 at 2.5% on our home, but we make bi-weekly payments and it should be paid off in about 8.5 years."

The Tell: Here’s what BlackRock’s Rick Rieder will be watching for after Fed meeting wraps up

With Federal Reserve Chair Jerome Powell set to take the stage on Wednesday, investors will be listening for any pushback on the recent easing of financial conditions, according to BlackRock’s Rick Rieder. 
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