Money is flowing into big-bank bonds as a haven from Friday’s stock-market plunge
The market movements suggest that investors are selling stocks and putting the money into bank bonds in search of yield. Source link...
MARKET
Oil prices see 4th straight weekly decline on worries over demand
Oil futures fell on Friday, contributing to a fourth straight weekly decline as worries about the demand outlook in both China and the U.S. overshadowed fears of a wider Middle Eastern conflict. Source link...
Gasoline prices are lower than they were a year ago. Here’s why.
Gasoline prices at the pump are cheaper than you think. Drivers are paying rougly 8% less than a year ago, with a month left in the summer driving season, thanks to lower-than-usual demand. Source link...
Amazon’s stock flashes this downtrend warning for the first time in over a year
Amazon’s stock has fallen Friday below a widely followed long-term trend tracker, to flash a warning that a downtrend may have started. Source link...
‘Their accounts have made less than 1% in three years’: I set up 529 plans for my teens, but they’re floundering. Can I move them back to CDs?
“Their 529 money is not growing.” Source link...
Intel is struggling inside and out — and the stock will test investors’ patience
Blue but no longer blue-chip, Intel hasn’t been able to match Nvidia, AMD, Qualcomm and Arm Holdings. Source link...
Recession fears fuel swings in interest-rate expectations and 2-year Treasury yield
Recession fears, a growth scare, and a Federal Reserve policy mistake. A combination of all three things gripped the U.S. government debt and interest-rate corners of the financial market on Friday, as traders weighed two days of weaker-than-expected data and...
How the head of cannabis company Cronos dealt with a negative report from indicted short seller Andrew Left
Canadian executive worked to calm shareholder concerns about the ‘inaccurate’ and ‘questionable’ report published in 2018 Source link...
Chevron to move to Texas from California amid another tough quarter for its refining business
CEO Wirth to move to Houston before the end of the year. Chevron reported a mixed quarter, citing softer margins and operational downtime. Source link...
An Olympic athlete said she couldn’t pay her rent. Flavor Flav and Reddit co-founder Alexis Ohanian stepped up.
The discus thrower shared her financial struggles in a post on X — and support soon flowed in from the prominent Olympic boosters. Source link...
