Articles

Financial News: UBS to slash more than half of Credit Suisse’s staff: report

Bloomberg reports that more than 22,500 jobs are on the line, with UBS UBS CH:UBSG planning three rounds of cuts as it integrates Credit Suisse into its business.

Dow Jones Newswires: Australia’s inflation tamer than expected in May; could prompt RBA to pause

Australia's monthly inflation reading was much tamer than expected in May, potentially giving the Reserve Bank of Australia time to sit on the sidelines for a while before it raises interest rates further.

: Bankruptcy judge approves Overstock’s bid to buy Bed Bath & Beyond assets

Overstock.com shares rose Tuesday as a judge approved the company's $21.5 million bid to buy the assets of bankrupt retail chain Bed Bath & Beyond Inc.

: Nvidia, AMD stocks fall on report of new U.S. ban on AI chip exports to China

Nvidia and AMD shares slumped in the extended session Tuesday following a report that the Biden administration might ban more AI chip sales to China.

: USPS issues warning over check fraud: Go directly to the post office to mail a check

Over 300 mail carriers have been robbed in the first half of FY23, and a recent series of thefts in Wisconsin led to more than 900 stolen checks.

: Manchester United stock jumps 7%, fueled by raised outlook

Manchester United shares closed up 7.4% at $24, their highest closing price since June 15.

Earnings Results: AeroVironment reports record sales driven by ‘strong performance of our systems in Ukraine’

AeroVironment Inc. shares rallied in the extended session Thursday after the defense contractor's products in Ukraine drove record results.

Key Words: Interest rates aren’t going to decline by another 2,000 basis points, Howard Marks says

Very low rates create an easy-money environment for companies to do well, but those days are over, says veteran distressed debt investor Howard Marks, in a new podcast.

The Margin: Pickleball injuries projected to account for $377 million this year — here’s how to play safely

A new UBS report says that pickleball-related medical costs are surging — up 156% this year alone.

Mark Hulbert: Stocks look overvalued right now. Just don’t call it a market bubble.

Valuation plays a small role in predicting the stock market’s shorter-term prospects.

Market Extra: Homebuilder ETF outperforms S&P 500, industry’s stocks still ‘cheap’ in 2023 market rally

Homebuilder stocks are relatively “cheap” even after surging this year, and represent a pocket of the U.S. equities-market rally that extends beyond the Big Tech sector as a recession does not appear imminent, according to DataTrek Research.

The Tell: San Francisco at risk of more falling ‘dominos’ as $2.4 billion of office property loans come due through 2024

'Cities live and die by the critical mass, the question now becomes, how much further does San Francisco have before it loses its critical mass?' asks Moody's Analytics.
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