Here’s how stocks performed the last time a president ended a re-election bid — in 1968
S&P 500 rose after LBJ’s surprise announcement, but the market is already pricing in Biden’s withdrawal. Source link...
MARKET
Homebuilder ETFs surge as investors await Fed rate cuts
Homebuilder stocks have posted a big rally, with investors expecting the industry to get a lift from potentially lower interest rates later this year. Source link...
Tesla earnings bring focus on self-driving, and a new appreciation for energy storage business
Tesla Inc. nears its earnings day with the stock firmly in the black for the year but facing concerns about its robotaxi aspirations, EV demand, and Chief Executive Elon Musk’s deeper wading into politics and divisiveness. Source link...
Plug Power’s $200 million stock offering is the latest chapter in liquidity saga
Shares of Plug Power Inc. slid after hours on Thursday after the alternative-energy company said it had begun a $200 million stock offering, following broader declines this year amid questions about the state of its finances. Source link...
Biden is in line for a pension of up to $413,000 a year, analysis finds
That should help cushion the blow if the president’s plans change. Source link...
Amazon Prime Day set records this year — but TikTok’s foray into summer deals had a slower start
The e-commerce giant said its 2024 Amazon Prime Day event was its biggest ever. Source link...
Are we on the brink of another Nasdaq crash?
The Nasdaq’s troubles may have only just begun, as technology stocks could be heading for a crash similar to the lengthy bear market that followed the collapse of the dot-com bubble. Source link...
It’s hot — and getting hotter. Here’s what that means for the global economy.
Climate change is worse for worldwide output than previously thought, a new study says. Source link...
Retail investors are buying these bonds right now
Data from online brokerage Public shows us exactly which bonds people are buying on the platform. Source link...
‘Inflationary’ tariffs by U.S. could upset expectations for multiple Fed rate cuts into 2025
If the levying of tariffs causes inflation to jump higher, then the Fed “may not cut rates as aggressively” as estimated, a Wells Fargo team says. Source link...
