Articles

Retirement savers’ inflation concerns are easing, but their wallets may not be feeling the relief yet

The prices at supermarkets and on energy bills may not have decreased substantially yet, but retirement savers say inflation isn’t as big of an obstacle to reaching their long-term goals as it was last year.

Why copper prices have dropped over 20% from record highs in just two months

Copper settled Wednesday at the lowest price since early April, while also marking a drop of more than 20% from record highs in May, as weakness in China’s economy fed expectations for a fall in demand for the industrial metal.

How financial ‘sextortion’ scams became an epidemic on social media — with tragic consequences

Meta removed 63,000 Instagram accounts run by a Nigerian network called the Yahoo Boys, which specialized in getting victims to share nude photos that would then be used for blackmail.

Second-quarter GDP to show more sizzle — and some fizzle, too

The U.S. economy grew at a brisk pace in the second quarter, the most recent gross domestic product report is likely to show, suggesting little risk of recession. But not all is well.

Why investors shouldn’t get caught up in the ‘seesaw’ of election volatility

Speculation about who might win the White House shouldn’t overshadow incoming economic data, says DWS head of fixed income.

Bausch Health responds to rumors, says it is not considering bankruptcy

Shares of Bausch Health Cos. plunged to a 19-year low intraday on Wednesday, compelling the Canada-based drug and medical-device company to respond to “market rumors.”

Squarespace exec got backlash for saying she was ‘willing to work for free’ in her early career. Is it a good idea for Gen Z?

The CMO said she was willing to work “any hours, any pay” to kick start her career. We asked career coaches if it’s a smart idea in this job market.

Election stress isn’t causing people to change their investing strategies — yet

Many individual investors report feeling “anxious” or “scared” about the election — but those feelings aren’t affecting their portfolios much.

Chinese social media is brimming with anti-Kamala Harris, pro-Donald Trump posts

Debunked rumors started by far-right American influencers are now being parroted by Chinese netizens.

Wine stocks move higher after California competitor files for bankruptcy and delists

The stocks of listed winemakers were mostly higher on Wednesday after Vintage Wine Estates Inc. filed for bankruptcy and said it is voluntarily delisting, removing one competitor from the fold.

Stifel’s stock rallies on second-highest revenue quarter in its 134-year history

Financial firm cites improved institutional business as economic backdrop improves.

Three big questions on Kamala Harris’s tax policies — and how close they are to Biden’s

Harris once proposed taxing stock and bond trades, but there’s still much to learn about the presumptive Democratic nominee’s current policy ideas.
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