Chip stocks underperformed the broader market Thursday after the semiconductor industry logged its eleventh month in a row of steep losses.
: FDA approves Alzheimer’s treatment Leqembi, clearing the way for Medicare coverage
Despite Medicare coverage, drug may remain out of reach for many patients, policy experts say
: Twitter’s not the only company that could sue Meta over Threads
There are established companies that use ‘thread’ or ‘threads’ in their names. Legal experts say at least one could have a trademark-infringement case.
The Fed: Bank borrowing from the Fed falls for first time in two months
The amount of money banks are borrowing from the Federal Reserve fell for the first time in two months, but a smattering of institutions still need the central bank’s lifeline.
Earnings Results: Levi Strauss stock falls 5% as outlook is cut following inventory issues
Levi Strauss shares fell after hours Thursday after the jeans company cut its forecast for the year.
: Elon Musk says ‘cheating’ not OK as his lawyer accuses Meta of stealing trade secrets for Threads
Elon Musk lands the first jab on his fight with Meta Platforms Inc.’s Twitter lookalike Threads, saying that “cheating” was not OK, and his lawyer Alex Spiro fires off letter to warn against ‘unlawful misappropriation.’
The Tell: Fed’s ‘quantitative tightening’ was supposed to sink stocks and the economy. It may be boosting them instead, analyst says.
The Federal Reserve’s efforts to undercut an overheating U.S. economy by draining liquidity from the financial system may be having the opposite of their intended effect, according to Bank of America interest-rate strategist Ralph Axel.
Living With Climate Change: The cost of extreme heat in the U.S.? 235,000 ER visits and $1 billion in healthcare bills this summer alone.
A jump in costly emergency-room visits and longer-term health impacts could worsen as climate change makes record-busting heat waves more common.
Personal Finance Daily: Pay hikes for switching jobs are shrinking, so think twice before you jump ship and DoorDash, Uber and Grubhub sue New York City over minimum wage for delivery workers
Thursday’s top personal finance stories.
ETF Wrap: Here are ETF themes and categories investors may want to consider in the second half of 2023
U.S. investors in exchange-traded funds rapidly took note of the growth potential for artificial intelligence and robotic-related ETFs in the first half of 2023. Here are some other thematic investment ideas for the rest of this year.
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