Why Apple may actually be early to implement useful AI technology
Also, Apple’s bonds, Musk’s money, how to limit stock-market-concentration risk, and the Moneyist’s advice for escaping a debt trap. Source link...
MARKET
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
Consumer sentiment index drops to 65.6 in June from 69.1 Source link...
Trading watchdog FINRA’s new post-COVID work-from-home rules ‘causing headaches’
Industry members say changes are confusing financial-services firms. Source link...
Popular tech-sector ETF could see major shakeup as Apple, Microsoft and Nvidia jockey for position
One popular passive exchange-traded fund could soon see a major shakeup with potentially serious ramifications for the technology stocks that have been driving much of the market’s gains in 2024. Source link...
Import prices fall sharply in another sign of fading U.S. inflation
The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again. Source link...
Oil prices on track for weekly gains, rebounding from post-OPEC+-decision slide
Oil futures were little changed early Friday, remaining on track for solid weekly gains that have more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million...
The latest unemployment report has triggered this spot-on recession indicator
‘Schannep Recession Indicator’ signal typically precedes the start of an economic downturn by about six weeks. Source link...
When stock markets are a mess, this asset is a great guide to risk appetite
There’s a handy tool for gauging underlying sentiment in a messy, volatile stock market. Source link...
Wells Fargo’s fires staff for faking keyboard activity
The bank fired more than a dozen staff following a ‘review of allegations involving simulation of keyboard activity creating impression of active work’ Source link...
Spread between French and German yields widens on poll nervousness
The spread between French and German 10-year government bonds continued to widen on Friday on nervousness that French parliamentary elections could yield a fractured body. Source link...
