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Financial Crime: Amazon allegedly duped people into subscribing to Prime and made it nearly impossible to cancel. Here’s how the feds say they did it.

The FTC says Amazon used ‘manipulative tactics' to sucker customers into signing up for its signature subscription program.

: Nvidia board member sells $51 million in stock, joining a pair of other long-timers in unloading shares

One more longstanding Nvidia board member has cashed out of some of his holdings in the wake of the stock's stratospheric rally.

The Ratings Game: Intel’s first major contract foundry customer still a mystery as analysts sift through presentation

Intel ended Wednesday as the worst stock on the Dow Average again as analysts appeared disappointed a major customer for its third-party foundry was not named.

: Rivian buys mapping app Iternio, which plans routes, finds EV charging stations

Rivian Automotive Inc. said late Wednesday it has bought a Swedish mapping company to help its EV owners to plan routes and find charging stations along the way.

The Ratings Game: Disney stock sentiment has ‘deteriorated,’ but this analyst says not all hope is lost

Investors seem to be feeling the Walt Disney Co. magic less and less these days, according to an analyst.

MarketWatch First Take: Intel confirms it will be a long slog for its foundry business

Intel tells Wall Street analysts that the first customer for its foundry business will likely be announced in the second half of this year.

SportsWatch: Here’s how much Victor Wembanyama and other 2023 NBA draft picks will earn on their rookie contracts

Victor Wembanyama will make an estimated $54 million from his rookie contract, if he's selected No. 1.

The Fed: Fed should leave interest rates unchanged for the rest of the year, Bostic says

Atlanta Fed President Raphael Bostic on Wednesday said his baseline view is that the central bank's holds interest rates steady for the rest of the year.

The Tell: Deutsche Bank sees U.S. inflation improving by more than Fed expects this year

Deutsche Bank expects the Federal Reserve's favorite inflation gauge to fall further than the central bank thinks by year-end.

In One Chart: Here’s how investors will know if the stock-market rally has legs, even if the S&P 500 slides further

The S&P 500 is set to log its third-straight daily drop on Wednesday, its first such losing streak since May 4, according to FactSet data, but that doesn't mean the index's "bullish breakout" is canceled. More likely, it's just getting started.

: Investors are still evaluating ‘one-of-a-kind’ Virgin Galactic, says space consulting firm Caelus Partners

“The recent stock moves reflect the difficulty for investors trying to evaluate a one-of-a-kind company,” says Micah Walter-Range of Caelus Partners.

: Nearly 22 million households spend more than they can afford on rent, Harvard report says

Low-income households and households of color are especially affected.
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