Articles

How Caroline Ellison almost avoided prison in the criminal collapse of FTX

Prosecutors say Ellison proved essential in unraveling the theft of $8 billion in customer deposits and sending Sam Bankman-Fried to prison. But the judge said she couldn’t get away scot-free and sentenced her to two years in prison.

China stock-market jump may be ‘tradable rally’ — but approach with caution

Chinese stocks and the exchange-traded funds that track them surged Tuesday after Beijing announced the biggest stimulus package since the early days of the COVID pandemic, sparking what some analysts see as a tradable rally.

Investors see risks that the inflation battle isn’t over yet

Concerns that inflation might not be so easily defeated are starting to creep back into financial markets

Trump floats manufacturing ambassador, while his Deere tariff threat draws flak from Mark Cuban

Republican presidential nominee Donald Trump on Tuesday offered promises to reverse offshoring by U.S. manufacturers, while Democratic rival Kamala Harris’s campaign deployed prominent supporter Mark Cuban to attack the former president’s economic proposals.

Fed’s favorite PCE inflation gauge likely to show cooling inflation and back further rate cuts

The rate of U.S. inflation using the Federal Reserve’s favorite gauge is likely to show prices rising in August slightly faster than the central bank’s 2% goal, but on a downward trend that justifies further cuts in interest rates.

Why having kids is such a struggle for families making less than $166,000

Families who pay for child care now spend an average of 18.6% of their income on this service.

Elon Musk says humans could soon be heading to Mars. This former astronaut begs to differ.

“I wish he was right, but the reality is that Mars travel, for people, is very risky right now and all the risks are not controlled enough (yet) to allow safe travel in four years.”

Costco made these subtle changes, adding enough ‘friction’ to prompt a downgrade

Shares of Costco Wholesale Corp. pulled back Tuesday, after Truist analyst Scot Ciccarelli recommended investors stop buying due to concerns that historically rich valuations increase the risk of a selloff.

5-year Treasurys tend to beat cash after first Fed rate cut, this chart shows

For investors considering moving out of cash now that the Federal Reserve has started cutting interest rates, returns from the U.S. Treasury bond market have been historically compelling, according to Vanguard.

As Visa’s stock drops, here’s why a possible antitrust case could be so worrying

There are more potential alternatives to Visa’s debit network in the event the company is penalized by the Justice Department.

Wave Life Sciences’ stock soars 51% after biotech posts positive data from Duchenne muscular-dystrophy trial

Biotech reported positive interim data from a mid-stage trial of a treatment for the rare muscle disorder Duchenne muscular dystrophy.

Buy this REIT’s stock to make money on the rapid aging of America’s population

The baby-boomer generation is “fast marching into retirement,” and BofA Securities picked out a stock investors can buy to benefit from that aging trend.
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