Investors may be better off owning the equal-weighted version of the S&P 500 in the second half of 2023, after the popular stock-market gauge soared on narrow breadth during the first six months of the year, according to BofA Global Research.
Distributed Ledger: Why Bored Ape cartoon monkey NFTs crashed to a 2-year low this week
Welcome back to the Distributed Ledger newsletter.
Help My Career: Switching jobs isn’t a surefire way to get a big pay raise anymore — think twice before you jump ship
The pay incentives to switch jobs may be less attractive, but it’s still a job seeker’s market.
MarketWatch First Take: Meta’s Threads has big initial momentum, but sustaining it will be key
Will Meta be able to keep its users coming back?
: DoorDash, Uber and Grubhub sue New York City over minimum wage for delivery workers
A law set to take effect next week would decrease demand for couriers and cost companies, they say.
Crypto: BlackRock’s bitcoin ETF filing is a vote of confidence in Coinbase, one analyst says. Here’s why.
Led by BlackRock, several major asset managers, such as Fidelity, Invesco, WisdomTree and VanEck, recently filed applications for spot bitcoin ETFs and named Coinbase as their partner for an important surveillance sharing agreement in their filings.
Outside the Box: How Australia is loosening China’s grip on the world’s crucial minerals
Australia is becoming a leader and power player in the Indo-Pacific.
The Ratings Game: Sweetgreen stock soars after BofA says buy it, and nearly doubles price target
Sweetgreen’s stock soared Thursday, after BofA turned bullish on the salads restaurant chain, citing increasing foot traffic, loyalty and automation.
The Tell: Tesla deliveries could spark rotation to EV from AI as stock-market investors chase rally: analysts
Individual investors keep chasing a 2023 stock-market rally, but show signs of pivoting toward electric-vehicle makers and away from AI plays, research firm says.
: The reason U.S. car sales surprised Wall Street? People still overspend on cars.
Strong quarterly U.S. new-car sales surprised Wall Street this week, showing investors that rising interest rates, concerns about the health of the economy and still-limited new-car inventory did not stand in the way of new wheels for many Americans.
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