Wall Street has been forecasting a big slowdown in hiring, but the economy keeps producing heaps of jobs. Here’s what to watch in the June employment report.
Cannabis Watch: Analyst cuts Canopy Growth’s price target to $0
Eight Capital sees Canadian cannabis company burning through cash in the next year absent any ‘drastic interventions’ or speedier cost cuts
: One analyst makes a case for the ‘FTC’s non-case’ against Amazon
Baird’s Colin Sebastian argues Amazon’s successes are based primarily on “unique vision, keen investments, and a strong engineering orientation” — not anti-competitive behavior.
The Margin: Meta Threads: How to sign up for the Twitter rival — and why you should think twice before deleting it
What you need to know about the Instagram spinoff that launched late Wednesday, just days after Elon Musk made several more controversial Twitter changes.
Market Extra: China ETFs fall after services sector data, deepening losses this year as U.S. stocks, emerging-markets funds rise in 2023
Exchange-traded funds that invest in Chinese stocks were trading down Wednesday afternoon, deepening the ETFs’ losses this year after data showed China’s services sector cooled in June and as investors face heightened geopolitical tensions between the country and the U.S.
The Margin: This K-pop group is now outselling BTS
The group Seventeen’s latest album has sold more than 6 million copies — a record for the K-pop genre.
: Meta’s Threads could be a ‘Twitter killer’ — or could be a dud
Threads, reportedly set to debut Thursday, is being hailed as a Twitter killer. But a deeper look at Facebook/Meta’s track record of imitators reveals mixed results.
Futures Movers: Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oil
Oil futures settle at a two-week high Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom and its allies will do whatever is necessary to support the oil market.
: GM’s stock rises after auto maker reports 19% quarterly sales increase
General Motors Co. joins Tesla Inc. and Rivian Automotive Inc. in reporting upbeat quarterly sales.
The Moneyist: I live in my late father’s home. He left it to me and my two siblings, but my late brother’s wife wants me to sell it. Can she force me?
‘I have not responded to her attorney’s letter.’
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