Musk bought Twitter for $44 billion last year, but Fidelity says it’s worth a lot less now.
Market Extra: Stocks may have put the debt ceiling behind them, but here are more risks to the 2023 market rally
Fraught negotiations in Washington have yielded a deal on raising the U.S.’s borrowing capacity without sending the stock market into a tailspin, as some on Wall Street had feared they might but there are more risks ahead.
Help My Career: ChatGPT acts like a devious coworker: ‘It doesn’t own mistakes, but it admits them when you point them out’
A lawyer who used generative artificial intelligence to write a legal brief was forced to apologize. It’s just the tip of the AI iceberg.
: Investors are building a record number of homes — solely to rent out. Will this hurt aspiring homeowners?
The construction of single-family homes built by investors solely for the rental market is forging full steam ahead.
Metals Stocks: Gold eyes highest finish in over a week as Treasury yields fall following debt-ceiling deal
Gold futures climb on Wednesday, the last trading session in May, as sinking Treasury yields help set prices for the yellow metal up for their highest finish in more than a week.
: Former JPMorgan exec Jes Staley says he talked with Jamie Dimon about Jeffrey Epstein: report
CEO Dimon said he has no recollection of conversations about convicted pedophile Jeffrey Epstein with his former private bank chief Jes Staley as lawsuit simmers.
Market Extra: Hang Seng nears bear market as China manufacturing slows; JPMorgan says ‘the consumer might not get stronger.’
The Hang Seng is on the brink of a bear market having fallen nearly 20% from a recent peak after more data showing a slowdown in China.
Deep Dive: AI stock hype could create hidden risks in your portfolio. Here’s how a ‘quality’ strategy can help.
A quality approach to stock selection can help you diversify from tech giants that dominate the S&P 500, while making it easier to sail through market storms.
Living With Climate Change: State Farm cracks down on California wildfire insurance. What it means for all homeowners.
State Farm joins list of insurance companies shunning new business because of the growing risk of wildfires. Florida has lost insurers, too.
Bond Report: Treasury yields dip as traders await debt-ceiling vote in House
Treasury yields fall after soft economic data from China raises concerns about global economic growth, while traders await a House vote on the debt ceiling.
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