The U.K. pound hit a fresh 15-month high on Tuesday after jobs data suggested the Bank of England may need to raise interest rates further to damp inflation.
: Microsoft is cutting more jobs, after laying off 10,000 earlier this year
A filing with Washington state’s Employment Security Department said 276 workers in the Seattle area will lose their jobs.
The Ratings Game: Better Therapeutics stock surges on ‘big milestone’ after FDA approves smartphone-based diabetes treatment
Better Therapeutics shares surged in the extended session Monday after the company got FDA approval for its smartphone-based behavioral diabetes therapy.
FA Center: Why this is not a good time to put more money into stocks
U.S. market has no ‘wall of worry’ left to climb.
Personal Finance Daily: Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads and USPS raises stamp prices for the third time in the past year
Monday’s top personal finance stories.
Earnings Outlook: Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates
JPMorgan Chase, Wells Fargo, and Citi kick off earnings season on Friday after a choppy quarter of bank blow-ups, Fed stress tests and weak stock prices.
: Megan Rapinoe may be retiring, but her story ‘is not done yet,’ says U.S. Soccer Federation chief
Megan Rapinoe, currently preparing for her fourth World Cup, will retire at the end of the National Women’s Soccer League season.
: Thousands more Los Angeles hotel workers strike, pushing for wage hikes and better workloads
For the second time in two weeks in L.A., housekeepers, cooks, dishwashers and other hospitality workers have walked off the job.
: As money-market funds swell, critics say fat yields are taxpayer subsidized
Money-market funds are attracting investor interest like never before, but regulators worry that they are riskier than many investors realize.
Crypto: Bitcoin to reach $50,000 by year-end, but top $100,000 by end of 2024, says Standard Chartered strategist
Bitcoin’s price is likely to reach $50,000 by the end of this year and has upside above $100,000 by the end of 2024, according to Geoff Kendrick, head of crypto research at Standard Chartered Bank.
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