Meta Platforms Inc. jumped into the AI Sandbox on Thursday, its set of new artificial intelligence-powered tools and services it calls a “testing playground” for advertisers.
Distributed Ledger: Pepe coin had a meteoric rise, but has lost 70% of its value in a week. What’s behind the latest meme crypto’s swings?
The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
ETF Wrap: This once popular ETF used to hedge against inflation is now out of favor. What investors are doing now.
ETF investors are moving away from inflation-linked bond ETFs at a fast pace Here’s where they’re going.
: Debt-ceiling breach could trigger ‘quick increases’ in credit-card rates, CFPB’s Rohit Chopra warns
CFPB director Rohit Chopra says failure to raise the debt ceiling could lead to consumers paying higher rates on credit card, auto and home loans.
: Getaround stock rallies 114% after company announces deal to buy HyreCar
Getaround Inc. rose 114% in the extended session Thursday after the company said it plans to buy all of the assets of HyreCar Inc., which offers car rentals for gig-economy drivers, for $9.45 million.
: Microsoft exec cashes out of $4.4 million in stock
Another Microsoft Corp. executive has been selling stock on the heels of a strong recent run.
: Biden debt-ceiling meeting with lawmakers delayed, but move called ‘positive’
President Joe Biden’s Friday meeting on the debt ceiling with congressional leaders has been postponed until next week. Staff work will continue.
In One Chart: The number of Americans applying for jobless benefits is slowly increasing. Here’s how it stacks up against past recessions.
The U.S. labor market is still in strong shape compared with the prepandemic average. However, slowly but surely, the number of Americans filing for their first round of unemployment benefits is beginning to climb.
Mark Hulbert: Banning short selling of regional bank stocks won’t solve their problems
Restricting bets against the troubled banking sector would be ineffective and costly.
Market Extra: Here’s where investors may turn to ‘hide’ as U.S. debt-ceiling deadline looms based on 2011 market reaction
Stocks risk slumping in the debt-ceiling showdown, but investors probably will still want long-term Treasurys if 2011’s battle over the U.S. borrowing limit is any guide, according to Sevens Report Research.
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