Buy this retailer’s stock as an AI play, analyst says
D.A. Davidson’s Michael Baker points to one retailer that stands to get a big AI boost in the coming months. Source link...
MARKET
Koss shares skyrocket as meme-stock chatter again swirls around headphone maker
Koss shares saw their biggest daily percentage gain in over three years amid a frenzy fueled by the return of “Roaring Kitty” to social media. Source link...
Is your active mutual fund beating the U.S. stock market this year?
Professional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of this year, according to BofA Global Research. Source link...
In 99% of the U.S., homes became less affordable this year. Here are the 7 places where they didn’t.
Housing prices have hit a new high, making it tougher for prospective buyers to afford a home in most places in the U.S., Attom Data Solutions said in a new report. Source link...
Jeff Bezos aims to sell $5 billion of Amazon stock in second round for 2024
The Amazon founder and executive chair has filed to sell up to 25 million shares, after he dumped 50 million in February. Source link...
I’m in my 60s and mentored Gen Z students from NYU. This is what we taught each other.
Why mentoring in unretirement is great for you and young adults Source link...
U.S. oil prices fall on lighter trading volume, even as supply drops more than expected
U.S. oil prices failed to find much support from official U.S. data revealing a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand, with many traders out for the upcoming Independence...
JPMorgan’s top strategist Marko Kolanovic is leaving after missing stocks’ historic rally
Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the investment bank who shared details from two internal memos with MarketWatch on Wednesday. Source link...
Quest Diagnostics to acquire Canada’s LifeLabs for about $985 million, including debt
Quest Diagnostics Inc. said Wednesday it has entered a definitive agreement with pension fund OMERS to acquire LifeLabs, a Canadian provider of community laboratory services, for about C$1.35 billion ($985 million), including net debt. Source link...
Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame. Source link...
