Strategist Hayes Martin: ‘Be prepared for a more severe intermediate pullback.’
Market Extra: The S&P 500 is flashing a warning that U.S. stocks are likely headed lower after breaking below its 50-day moving average
The S&P 500 on Tuesday closed below its 50-day moving average for the first time since March. It could portend more losses for the index, technical analysts said, suggesting that the summertime stock-market selloff isn’t over yet.
The Moneyist: My husband ran away to another state, bought a home and opened credit cards. Am I responsible if he defaults?
“I am not named on the mortgage documents for this new property.”
Market Extra: WeWork’s roles as owner and tenant collide in San Francisco high-rise as company tries to stay afloat
WeWork this spring stopped paying rent at an office skyscraper in the heart of San Francisco’s financial district. It also owns a stake in the building through an affiliate, complicating any push for debt relief.
: Tesla launches cheaper, shorter-range Model X, Model S EVs
Tesla Inc. on Tuesday introduced cheaper, shorter-range versions of its Model S sedan and Model X SUV.
: Lyft CEO buys up over $1 million in stock, calling it ‘the best investment I could make’
Early in his stint leading the ride-hailing company, Lyft Inc. Chief Executive David Risher is letting his wallet do the talking.
Earnings Outlook: Cisco earnings: What numbers to follow from the network giant
Cisco Systems Inc. reports earnings after the bell on Wednesday.
Market Extra: ‘Good news really is bad news’: Stocks hit a roadblock as strong retail sales reinforce soft-landing view
Investors were jolted by a stronger-than-expected retail sales report on Tuesday, which underscores the dual-edged sword facing markets.
The Margin: Michael Oher case: What’s the difference between conservatorship and adoption?
Oher, whose story was featured in “The Blind Side,” says he was never adopted, but was put in a conservatorship instead. Here’s the difference between the two legal terms.
: Hawaiian Electric’s stock slides 26% as S&P downgrades credit to junk on risk from Maui wildfire lawsuits
Hawaiian Electric Industries Inc.’s stock added to losses Tuesday, tumbling 26% after S&P Global Ratings downgraded its rating on the utility company to junk.
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