- July 27, 2024
What to make of this week’s action in the stock market and the ‘Great Rotation’
Also: Surprising data on home prices; combining your investments with your politics; and a retirement account mistake you can avoid. Source link
Oil falls for the week on Gaza cease-fire hopes, economic weakness in China
Oil settled lower on Friday and ended at a loss for the week, with prices weighed down by expectations of a Gaza cease-fire deal that would ease
Paris Olympics offer a reset for sponsors after years of troubled games
The Paris Summer Olympics could mark a reset for major sponsors after years of games held against the backdrop of geopolitical issues and the COVID-19
Why Zelle scams worry lawmakers so much — and how they could hurt you
Victims of Zelle fraud are entitled to more reimbursement than they’re getting, lawmakers say. Source link
3M’s stock has its best day on record as upbeat outlook underscores fresh start
The maker of Post-it Notes, Scotch tape and Command strips beat second-quarter earnings expectations and raised its full-year outlook. Source link
Ackman’s Pershing Square USA says IPO is still happening, despite NYSE delay notice
The timeline for the initial public offering of billionaire investor Bill Ackman’s new investment fund Pershing Square USA appeared to get a bit hazier on
S&P 500’s turbulent week ends with stocks rallying after inflation report
U.S. stocks rebounded Friday after a turbulent week for the S&P 500. Source link
Some of the most popular trades of 2024 are coming undone after reaching ‘stupid’ levels
The selloff in U.S. semiconductor and megacap stocks has sucked up most of investors’ attention over the past couple of weeks. But they aren’t the
Why CrowdStrike is likely shielded from billions in customer losses caused by its outage
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company. Source link
2-year Treasury yield ends at more than 5-month low after PCE inflation data
U.S. government debt rallied on Friday, pushing yields broadly lower, after the Federal Reserve’s preferred inflation gauge left expectations in place for the first interest-rate