U.S. stocks ended mixed Tuesday, as investors weighed news of a debt ceiling deal that needs to quickly pass in Congress and technology stock gains driven by the promise of artificial intelligence software, against the ongoing question whether more interest rate hikes are coming from the Federal Reserve.
Banking: U.S. banks mull office-space loan exposure at Citi event and prepare for a slow boil
Citi analyst Keith Horowitz flags office space as a “primary pain point” for big banks but no “crash” in the sector is expected.
: Debt-ceiling deal seals end to student-debt moratorium — a nearly $400 per month shock to budgets
It was probably going to happen anyway, but the debt-ceiling deal struck between President Joe Biden and House Speaker Kevin McCarthy spells the end of the student debt repayment moratorium.
The Moneyist: ‘He’s content living paycheck to paycheck’: My husband won’t work or get a driver’s license. Now things have gotten even worse.
‘He’s too tired to leave, and we don’t have anything but bills.’
Earnings Watch: Nvidia and Best Buy suggested a pandemic-era tech bottleneck is ending. Now we see for sure
Earnings Watch: PC makers HP Inc. and Dell report this week, along with Salesforce, Macy’s and Dollar General.
: Wall Street tech darling Nvidia unveils more AI products — including a new supercomputer
Founder and Chief Executive Officer Jensen Huang set out to dazzle a crowd at a Taiwan tech show on Sunday, announcing an array of new products.
Outside the Box: ‘Taking care of your money doesn’t happen by itself’: How NFL star Austin Ekeler brings his ‘A’ game to his personal finances
“The more value you provide, the more valuable you become, and that should translate into financial rewards.”
: Spain’s prime minister calls early summer elections following bruising local and regional results
Spanish Prime Minister Pedro Sanchez will bring forward general elections from December to July, following Sunday’s weak results for the Partido Popular.
Beth Pinsker: Here’s how to buy short-term Treasury bills and still have a long-term investment plan
Money gurus are hot on T-bills, but they’re spending millions. You need a different kind of plan for a regular-sized portfolio.
Market Extra: Turkish stocks rise, lira hits fresh record low after Erdogan wins re-election
Turkish investors rushed into stocks and dumped the lira after President Recep Tayyip Erdogan embarked on his third decade in the top position.
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