English

Economics at marketwatch.com

Today News

02

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

www.marketwatch.com

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

01

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

www.marketwatch.com

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

www.marketwatch.com

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

www.marketwatch.com

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

www.marketwatch.com

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

00

FDA revokes regulation allowing use of brominated vegetable oil in food

www.marketwatch.com

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

www.marketwatch.com

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

23

‘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?

www.marketwatch.com

“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

www.marketwatch.com

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

www.marketwatch.com

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.

22

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

www.marketwatch.com

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

www.marketwatch.com

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.

21

Eli Lilly’s Alzheimer’s drug wins FDA approval

www.marketwatch.com

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

www.marketwatch.com

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

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?

www.marketwatch.com

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

www.marketwatch.com

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

www.marketwatch.com

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

www.marketwatch.com

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

www.marketwatch.com

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

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

www.marketwatch.com

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.”

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

www.marketwatch.com

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

19

Home buyers who could barely afford their homes are a hit with TikTok viewers

www.marketwatch.com

It costs a lot more to buy a house today than it did just a few years ago. And that expense starts with the down payment.

Is it possible to get a 5% mortgage rate? Yes, but here’s the catch.

www.marketwatch.com

Mortgage rates are hovering just below 7%, but there are ways for home buyers to get much lower rates.

Monday, Jul 1

16

Maersk shares jump on decision to scrap plans for DB Schenker takeover

www.marketwatch.com

The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company.

15

This is how much the largest 20 U.S. banks raised dividends after stress tests

www.marketwatch.com

Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon.

Pitney Bowes increases cost-savings target to a range of $120 million to $160 million

www.marketwatch.com

The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review.

Ryan Cohen makes first X post in months as GameStop seeks app developers

www.marketwatch.com

The GameStop CEO’s posts are closely followed for hints about his plans for the company.

14

Ray Dalio says markets ‘prefer capitalists’ as potential ‘extremist’ clash looms

www.marketwatch.com

U.S. voters may be left with a choice between extremists after President Joe Biden’s dismal debate performance, says billionaire investor Ray Dalio.

Chewy’s stock skyrockets as Roaring Kitty’s 6.6% stake is disclosed

www.marketwatch.com

Keith Gill, also known as Roaring Kitty, was a pivotal figure in the 2021 meme-stock frenzy.