Finance

The Treasury, the Fed and the threat to your money

Also in Weekend Reads: The Gen Z online sports-betting trend, what’s next for Apple as Tim Cook exits, and a bullish take on Nvidia heading into earnings.

5 things to know about the Chinese e-commerce juggernaut Shein ahead of its IPO

The fast-fashion giant is targeting a listing in Hong Kong by Sept. 1. It’s been trying to go public for four years.

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Tesla’s stock jumps as the company gets ready for a robotaxi push

The automaker plans to soon launch its Cybercab in Austin, Texas, and got the nod to deploy thousands of vehicles in Nevada.

The U.S. and Canada are scrambling to avoid new tariffs and seal a trade deal. Here’s what could be in it.

U.S. and Canadian officials were engaged in additional talks on Friday. Details about what’s in their new trade deal have trickled out.

6 AI hardware stocks to own for the remainder of the year, according to an analyst

An Evercore ISI analyst sees strong growth ahead for storage makers, networking providers and Apple.

States are coming after prediction markets — and setting up a costly legal battle over who gets to regulate them

Prediction markets like Kalshi are regulated in different ways across states. There’s a better way for them to thrive.

I need to get out of my job. Can I leave for a competitor if I’ve signed a non-compete?

“I’ve been unhappy for a while.”

Bitcoin on track for best week in more than two years. Can this mean the next crypto bull market has arrived?

Is bitcoin ready to move on after a lengthy slump? One analyst says investors should be careful in trying to guess a bottom for the crypto.

When it comes to stock buybacks, anything SK Hynix can do, Samsung can do bigger

As demand far outstrips supply in the memory-chip market, SK Hynix and Samsung Electronics are generating outsize profits and throwing off huge free cash flow. Now both companies plan to return lots of this to shareholders

American consumers are delivering a retail reality check as they laser in on bargains

Recent earnings results suggest that the typical shopper is ‘employed, still spending, and increasingly disciplined about it.’

The U.S. government plans to crack down on its $40 trillion debt — but brace for a ‘wrenching time’ ahead

Washington has no shortage of options. None are easy.

Nvidia earnings could rescue a stalling stock market — if the AI chip maker breaks this trend

Shares of Jensen Huang’s company have struggled to make headway since its previous results day.

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Landbank, OFBank Register 211,000 Accounts Opened ID-Free

Landbank and Overseas Filipino Bank (OFBank) have recorded 211,000 new accounts opened without a physical ID since the July rollout of their National ID-enabled service, the Philippines News Agency reported. The service uses real-time verification powered by the Philippine Stati…

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Samal City Vendors Can Now Accept Cashless Payments

Samal City has launched Paleng-QR Ph Plus at Babak Public Market, bringing cashless payment options to vendors and consumers in the Island Garden City of Samal. Mayor Lemuel Reyes and Vice Mayor Richard Guindolman checked the QR codes posted around the market and tried the syste…

‘It’s truly a tragedy’: My daughter hasn’t spoken to me for 4 years, but it has nothing to do with politics

“You’ll have to trust me when I tell you that she had love, support and opportunities.”

Hedge funds are doubling down on Big Tech even after summer volatility triggered a massive portfolio cleanup

Hedge funds entered the second quarter all-in on the AI trade, but have begun to diversify their portfolios lately. They’re dipping into healthcare, energy and financials.

Legendary film editor Billy Weber of ‘Miss Congeniality’ and ‘Top Gun’ lists historic L.A. home for $4 million

Film editor Billy Weber’s tranquil Los Angeles home has hit the market for $3.99 million.

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RCBC Waives Fees on US Virtual Account Transfers to the Philippines

RCBC has waived transfer fees on its U.S. Virtual Account, a cross-border banking service under RCBC Pulz that lets Filipinos in the United States send money to the Philippines. The waiver took effect on August 1, according to Executive Vice President and Chief Innovation and In…

Sports betting to build wealth is becoming the new American dream

More people under 30 are using gambling as a shortcut to buying a home or paying student loans

The bond market is going to burst the stock-market bubble

Rising yields threaten everything, especially overextended equities.

Moderna’s personalized mRNA shot could reshape the fight against skin cancer — but it may also be overhyped

Doctors and patients are excited about the possible breakthrough, but some analysts believe there’s too much hype.

Neocloud stocks like CoreWeave are having a moment — and time’s running out to cash in

The neoclouds are destined to be “cyclical leasing companies,” according to BCA analyst Noah Weisberger, which implies low valuations for the stocks.

If rising rates were enough to end a bull market, we’d have entered a bear market long ago

The “Fed Model” has turned bearish — how much should you care?

Apple has gotten too predictable. Can its next CEO bring back the element of surprise?

Wall Street is hoping that John Ternus will shift Apple’s AI strategy by spending more, pursuing larger mergers and doubling down on innovation.

‘Ghost offices’ and long wait times: Social Security workers demand $3 billion and 20,000 hires

“The public is going to have a harder and harder time accessing these benefits,” union official said.

The biggest loser from the Treasury’s latest buyback plan: The U.S. dollar. Here’s why.

An important pain threshold has been crossed, one currency-market expert warns.

Treasury rout restarts one day after Bessent’s beefed-up buyback plan

Treasury Secretary Scott Bessent’s plan to calm markets is being short-circuited.

Bessent suggests Treasury could intervene again in bond market: ‘We have a big tool kit’

U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury bonds.

The energy market’s rising ‘crack spread’ is threatening to break the American consumer

The energy market is sending a warning to cash-strapped consumers: Don’t expect prices at the pump to come down anytime soon.

Conditions are ripe for a market ‘accident,’ but surging bond yields alone won’t cause it, concedes pessimistic strategist

The rise in bond yields renders markets more vulnerable to bad news, observes the “permabear” Albert Edwards of Société Générale.