Articles

: ‘This is something huge for us’: Food-delivery workers in New York set to earn $18 minimum wage next month

Uber, DoorDash and Grubhub are not pleased with the outcome, which they call "extreme" — while some worker advocates say the city fell short.

: Destination weddings: Do guests still have to give gifts if they already spent ‘mad money’ to get there?

Global destination weddings were a $23.31B market last year. But if guests shell out hundreds or thousands to get there, do they still owe the couple a gift?

: Why hotter-than-expected CPI on Tuesday may derail a Fed pause in June

Investors are awaiting the consumer-price index data due Tuesday, one day before the Federal Open Market Committee concludes its meeting on Wednesday.

Futures Movers: U.S. global oil prices settle at lowest since late 2021 ahead of this week’s Fed decision

Oil futures fall Monday, with global benchmark prices marking their lowest finish since December of 2021.

Key Words: Goldman Sachs CEO David Solomon ‘surprised’ at U.S. economy’s resilience, says ‘it’s a period to be a little bit cautious’

David Solomon, CEO at Goldman Sachs Group, has been 'surprised' at the resilience of the U.S. economy over the course of the last year as the Federal Reserve aggressively tightened its monetary policy, according to his interview Monday with CNBC’s “Squawk on the Street” program.

: Novartis deal for Chinook makes kidney-treatment competitors more attractive, analysts say 

Travere Therapeutics and Vera Therapeutics are also developing treatments for rare kidney disease

Market Extra: It’s a ‘bull market’ for stocks. Here’s what that means.

Here's what it means when investors talk about bull and bear markets.

IPO Report: Cava Group is going public: 5 things to know about the fast-casual Mediterranean restaurant chain

Cava Group is planning to offer 14.4 million shares priced at $19 to $20 each, for a valuation of $2.2 billion.

Economic Report: U.S. budget deficit surges in May and tops $1 trillion again in current fiscal year

The U.S. budget deficit quadrupled to $240 billion in May from a year earlier, fueled by higher government spending and fewer taxes collected.

Commodities Corner: Goldman Sachs cuts its December Brent oil-price forecast by nearly 10%

Goldman Sachs reduces its December forecast for global benchmark crude prices by almost 10% to $86 a barrel this week, blaming higher-than-expected supplies from Iran and Russia.

Key Words: ‘Remote work doesn’t work’: David Sacks, ex-PayPal executive, blasts working from home as ‘lifestyle’

JPMorgan Chase CEO Jamie Dimon said back in 2021 that working remotely "doesn’t work for those who want to hustle."

The Fed: Skip, pause or hike? A guide to what is expected from the Fed on Wednesday.

The Fed is expected to pause but hold the door open to a rate hike in July. Gauging how serious they are about a July hike will be key.
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