A short and shallow contraction over the next year has become much more likely.
Project Syndicate: Debt-ceiling debacle shows why Americans need to be paying higher taxes
More taxes rather than less public spending can put U.S. debt on a safer, more sustainable path
In One Chart: Apple Vision Pro: How early adoption could stack up against the iPhone, Apple Watch and iPod
Analysts predict that Apple could amass an installed base of 20 million users of the Vision Pro and related devices five years out from the product’s launch.
: LGBTQ+ people still face discrimination and economic inequality. These policies could help.
Passing the Equality Act and stemming the tide of anti-LGBTQ+ legislation could help LGBTQ+ people “excel in the economic sphere,” advocates say.
Commodities Corner: Fourth of July gasoline prices: What drivers should expect amid record travel numbers
Average gasoline prices are down by roughly 27% from a year ago, but U.S. drivers will still be paying one of the highest prices for the Independence Day holiday on record.
: Supreme Court’s college-admissions decision could undermine race-based scholarships and financial aid
Though the court’s opinion didn’t weigh-in directly on financial aid, the legal battle over race and education is likely to impact those efforts.
The Ratings Game: Overstock’s plan to become Bed Bath & Beyond could double its sales, analyst says
Overstock’s plan to adopt Bed Bath & Beyond’s name online could lead to big sales gains, one analyst said.
The Ratings Game: Coinbase’s stock has been on a surge, but analyst says the pop ‘may prove short-lived’
While a custody role with a BlackRock ETF might offer upside for Coinbase, the downside from a possible loss of staking revenue could be significantly larger.
: The unexpected group the Supreme Court’s student-loan decision will impact
About 3.5 million Americans 60 and older have student debt
: 80% of newlyweds wish they could redo their wedding registry to include this gift
Recently married couples say they feel compelled to register for traditional gifts like dishes and appliances, but they would prefer this gift instead.
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