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Privatization is taking over Medicare — and it’s a poor deal for the rest of us

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

NASA astronauts Butch Wilmore and Suni Williams are confident in the ability of Boeing Co.’s Starliner spacecraft to bring them back to Earth in an emergency despite ongoing tests into issues with the spacecraft that have extended their stay on the International Space Station.

Lumber prices have come full circle in the years following the pandemic — reaching record highs in 2021, then falling to record lows as higher interest rates led to a drop in U.S. residential construction. But there’s now an opportunity for buyers and homebuilders alike.

Software stocks are continuing their pullback on Wednesday as the chip sector gets more love from Wall Street.

Acquiring Europe’s largest private AI lab is AMD’s most expensive AI-focused purchase so far.

BofA sees a potentially more volatile regulatory landscape as well as limited valuation upside.

Super Micro’s stock dropped Wednesday, after the Nomura’s Donnie Teng backed away from his bullish call, saying further gains appear limited given uncertainties about the artificial-intelligence play’s order outlook.

UBS’s 2024 Global Wealth Report, released on Wednesday, shows that globally, people have been getting progressively wealthier, with dramatic rises in some places.

The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s likely to get another one on Thursday.

The tax-software company said it’s identified 1,050 employees who are “not meeting expectations.”

Macy’s Inc. said Wednesday that it’s planning its first-ever All-Star Week, an event running from July 16 through July 23 that will reward its Star Rewards loyalty members, as the retailer moves to compete with rivals that are making a big effort to help out cash-strapped consumers.