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02

Vroom agrees to $1 million FTC settlement for allegedly deceiving consumers

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The FTC said it took action against Vroom for misrepresenting that it thoroughly examined all vehicles before they were listed for sale, getting customer consent for shipment delays and for failing to provide prompt refunds when cars…

‘Any technology stock with an AI story is rising too far and too fast,’ this veteran trader warns

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The market is in a huge tech-led bubble — but you’d be wrong to bet against it.

After a roaring first half, stocks are stretched — but the rally isn’t over yet

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Earnings season is coming — here’s what you need to know.

01

Trump Media brings in over $105 million from ‘DJT’ stock warrants

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Trump Media & Technology Group Corp. said that the cash exercise of stock warrants between June 20 and July 1 has resulted in more than $105 million in cumulative proceeds for the company.

Tesla stock shows a curious pattern before and after earnings that you can trade

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Shares typically decline during the two weeks ahead of earnings and gain over the following two weeks.

If the Fed can’t get inflation down, stocks will be the best bet for your money

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Investing for retirement, college and other longer-term goals should favor stocks over bonds.

Paramount and Skydance are back on with a preliminary merger deal, WSJ reports

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The on-again, off-again courtship between Shari Redstone, Paramount Global Inc. and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.

Tuesday, Jul 2

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FDA revokes regulation allowing use of brominated vegetable oil in food

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The Food and Drug Administration no longer allows the use of brominated vegetable oil as a food additive, finalizing a move the agency had signaled in November.

IRS leaves no wiggle room on higher taxes for legal cannabis companies

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The IRS says legal cannabis companies cannot take the usual tax deductions.

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‘This is my big chance to secure my future’: I’m about to inherit $600,000. What should I do with all this lovely cash?

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“Should I go for a high-yield account or a money-market for savings? I already have 401(k), IRA, and brokerage accounts, and laddered CDs.”

Stock market’s upcoming earnings season may delay ‘overdue’ pullback for S&P 500, says LPL

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The U.S. stock market’s upcoming earnings season should be “solid,” but expecting growth estimates over the next couple months to increase for the second half of 2024 seems “a lot to ask,” according to LPL Financial.

U.S. stocks could rise another 10% by the end of 2024 after a strong first half, history shows

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The U.S. stock market just scored a gangbusters first half of the year. If history is a guide, Wall street could be in for another robust six months, according to Comerica Wealth Management.

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Oil prices end lower as concern over Hurricane Beryl’s impact on U.S. output eases

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Oil futures settled with a loss on Tuesday, with prices giving up early gains as concerns that powerful Hurricane Beryl could cause disruptions to offshore crude production in the Gulf of Mexico eased, for now.

Treasury yields end lower for first time in three sessions as Fed chair cites improving pace of inflation

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Yields on U.S. government debt finished lower on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. might be back on a disinflationary path, but that officials need greater confidence before they can lower interest rates.

Intuitive Machines’ stock rockets as next moon mission approaches

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Shares of Intuitive Machines Inc. surged 12% Tuesday as the space-exploration company edges closer to its next mission to the moon.

Trump sentencing in New York hush-money case delayed till September

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Judge Juan M. Merchan had been set to sentence the former president on July 11.

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Eli Lilly’s Alzheimer’s drug wins FDA approval

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An Eli Lilly & Co. Alzheimer’s drug won Food and Drug Administration approval Tuesday, capping the medication’s bumpy ride through the U.S. regulatory process and adding a second new treatment option for patients in earlier stages of the…

Businesses would have to give workers rest breaks, shade and water under new Biden rule

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The Biden administration plans to set the first-ever federal standards for handling excessive heat in the workplace.

‘He thinks I’m too materialistic’: My husband and I are in our 40s. He takes zero interest in our finances. He doesn’t even know the name of our mortgage company. What can I do?

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“I am really worried that if I’m not around, he will not be able to manage the basics of everyday life for himself and our children.”

I’m 73 and have $930,000 in my IRA. Should I wait for the market to go down before I do a Roth conversion?

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Trying to time with the market is usually a fool’s errand, but there are several schools of thought about how to best do a conversion.

FTC votes unanimously to block Tempur Sealy’s proposed $4 billion takeover of Mattress Firm

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Deal documents show the company wants to “kneecap competitors and dominate the market,” one Federal Trade Commission official said.

20

Annovis Bio’s stock rockets 119% after reporting positive data in Parkinson’s disease trial

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The stock is on track for its best performance since May 21, 2021, when it gained 127%.

Novo Nordisk, Eli Lilly singled out by Biden, Sanders over drug prices

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Shares of Novo Nordisk and Eli Lilly & Co. dropped early Tuesday after President Joe Biden and Sen. Bernie Sanders took aim at obesity and diabetes drug prices in a USA Today opinion piece.

Why this fund manager trimmed his Nvidia position — and has a warning about AI

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Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful.

If your mother had Alzheimer’s, your chances of getting it are higher

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If your mother had Alzheimer’s disease at any age, your chances of getting it are higher, according to a recent study in JAMA Neurology.

How did older households react to inflation?

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Preserving consumption in the short-term means less resources for the future

Lennar’s stock dives below key chart level after longtime bull cuts rating

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Lennar’s stock got chopped down Tuesday after a Raymond James analyst backed away from his longtime bullish call on the home builder — citing margin concerns and other company-specific “overhangs.”

Roaring Kitty cements Chewy’s meme-stock status, despite company’s improving fundamentals

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Influential trader Keith Gill, also known as Roaring Kitty, has taken a 6.6% stake in Chewy, thrusting the online pet-products retailer into the meme-stock spotlight.

Alibaba is buying back more and more stock as prices extend selloff

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Alibaba disclosed Tuesday that it continued to increase stock repurchases as prices struggled to gain traction.