Global PC sales keep getting worse and worse and now sales of Apple Macs are leading the race to the bottom, as research firm Gartner added to PC forecasts.
The Tell: Why BlackRock is upping its bet on bonds pegged to inflation
BlackRock has upped its overweight of inflation-linked bonds, a move the giant asset manager said it made in March to ‘quickly take advantage’ of the market pricing in a lower cost of living despite persistent price pressures.
Consumer Banking: CarMax says tighter lending hits its car sales due to Fed rate hikes and bank jitters
Car loans are not only more expensive now, but they’re harder to get as lenders get pickier.
: Most Americans aren’t banking on Social Security
Nearly three in four say they can’t count on Social Security benefits when planning retirement income, a new study found.
: National CineMedia stock rockets on record volume after AMC buys more than 9% stake
National CineMedia’s stock blasted off on record volume Tuesday, after AMC disclosed that it had acquired a large stake in the cinema advertising platform.
MarketWatch: Ernst & Young halts breakup plan after internal dissent
Ernst & Young has halted its plan to split the accounting and consultancy firm after U.S. partners objected to the proposal, the Wall Street Journal and Financial Times reported Tuesday.
Market Extra: Commercial real estate at risk of ‘broader correction’ as debt costs rise and lenders retreat, warns IMF
Commercial real estate could be ‘significantly overvalued’ and vulnerable to tumbling in price, warns the International Monetary Fund.
The Fed: Chicago Fed’s Goolsbee preaches caution on rate hikes amid banking turmoil
The new head of the Chicago Federal Reserve said the Fed needs “to be cautious” about further increases in interest rates in light of recent bank turmoil.
: As bookings slow, airline earnings will be all about hopes for peak summer travel
U.S. airline stocks were higher ahead of first-quarter earnings, with investors hoping for good news about peak summer travel amid a recent slowdown in bookings.
: CFPB chief Chopra calls for clawbacks, stricter regulation of banker pay after SVB collapse
CFPB Director Chopra said Tuesday that financial regulators already have the legal authority to implement new rules on executive pay in the banking industry.
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