Economy
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Coinbase CEO: Crypto’s future is a matter of national security.
The cryptocurrency market has had some recent turbulence. That might make it tempting for policy makers to write it off as an unstable asset class. But they’d be missing the bigger picture. Failing to see that crypto is about much more than individual transactions risks America’s time-honored role as the global financial leader and an…
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From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI.
With lawmakers bringing a debt-ceiling deal back from the brink over the holiday weekend, Wall Street looks ready to show its appreciation with a fresh 10-month high possible for the S&P 500 SPX on Tuesday. Once we get through that, though, expect the focus to pivot quickly to fresh jobs numbers on Friday. Those gains…
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Nvidia and Best Buy suggested a pandemic-era tech bottleneck is ending. Now we see for sure
Best Buy Co. BBY, +4.28% Chief Executive Corie Barry said last week she expected the downtrend in tech-product demand to bottom out soon, with a rebound in the second half of the year. Executives for chip maker Nvidia Corp. NVDA, +2.54% said their logjam of products that could not find buyers after a pandemic surge…
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Zooey Deschanel on her new show — and the $15 grocery-store price tag she couldn’t stomach
Zooey Deschanel wants to make sure you’re not mentally checked out the next time you fill up a shopping cart, whether in a store or online. “The New Girl” star’s latest gig is an unscripted series that just dropped on the Warner Bros.–owned WBD, +3.16% streaming service formerly known as HBO Max (now Max) called…
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Nvidia CEO tells graduates: Take advantage of AI or get left behind
““While some worry that AI may take their jobs, someone who’s expert with AI will.”” Those were the words of Nvidia Corp. founder and Chief Executive Jensen Huang on Saturday, as he gave the commencement address at National Taiwan University in Taipei. Huang told graduates that businesses and individuals alike need to become familiar with…
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Stock, bonds, or cash? Here’s investors’ best playbook for the debt ceiling, Fed policy and recession risks
The bond market hasn’t been this popular for over a decade. For almost 15 years after the financial crisis of 2008, bond yields remained low and the U.S. stock market was much more appealing. That’s no longer the case. Treasury bills TMUBMUSD01Y, 5.246%, which are arguably the safest debt, are now offering yields well above…
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‘There’s no blueprint’: If U.S. defaults on debt, $12 billion in benefits for veterans and their families is at stake
While debt-ceiling negotiations could grind through the Memorial Day weekend, members of the military and veterans are some of the people who could suffer financially if lawmakers don’t reach an agreement soon. As early as June 1, if there is no deal on the debt limit, the U.S. government might no longer be able to…
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Where did laid-off tech and media workers go? They’ve found jobs in these industries.
More than 199,000 global tech-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi, and the number of global tech layoffs has risen almost eightfold since mid-January. So where did those workers end up? Former tech and media workers have landed new jobs in the same sector,…
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‘Most jobs are vehicles and not destinations:’ Entry-level hiring slows, but these jobs are on the rise for new graduates
Entry-level hiring is slowing. Hiring for entry-level positions in the U.S is down 32% on the year in April for jobs that require a college degree and down 22% in April for jobs that do not require a college degree, according to a LinkedIn report released Monday. Hiring slowed across all industries in April. It…
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20 S&P 500 companies that had the best Q1 on 3 key measures — should you buy the stocks?
First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you may…