The Brutalist Report

MarketWatch

• The Wall Street Journal: Appeals court deals severe blow to SEC’s in-house administrative courts [1403d]
• The Wall Street Journal: Melvin Capital, which took a bath on GameStop and meme stocks, to close funds [1403d]
• Personal Finance Daily: IRS audit rates keep dropping and FTC warns baby-formula scammers are ‘exploiting’ family fears over shortage [1403d]
• : Under Armour CEO Patrik Frisk steps down after two-plus years [1403d]
• Deep Dive: Wednesday’s worst-performing stocks mostly come from this one sector that has investors really worried [1403d]
• Earnings Results: Cisco stock plunges more than 15% after sales miss, annual forecast reduction [1403d]
• The Fed: Fed will keep raising interest rates until it is ‘confident’ inflation is moving down, Harker says [1403d]
• Key Words: Goldman Sachs CEO sees a ‘30% chance of recession’ within the next 12 to 24 months [1403d]
• : 10 years after Facebook’s record-breaking IPO, a sense of déjà vu [1404d]
• FA Center: The odds are against Elon Musk making Twitter a significantly more profitable company [1404d]
• : Lowe’s CEO Marvin Ellison says work-from-home and a robust housing market continue to give the home improvement retailer a boost [1404d]
• Financial Crime: Teen killer serving life sentence charged with running $2 million COVID relief scam from behind bars [1404d]
• : A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd [1404d]
• TaxWatch: ‘There cannot be one tax system for the wealthy and one for everyone else’: IRS audit rates keep dropping — especially for the rich [1404d]
• Economic Report: Looking to buy a house? Builders are betting you’ll have to rent instead [1404d]
• Project Syndicate: Inflation could force consumers to cut back on spending so much that they bring on a recession [1404d]
• : FTC warns baby-formula scammers are ‘exploiting’ family fears over shortage, says they have ‘sunk to new lows’ [1404d]
• Key Words: ‘My tattoo will be a constant reminder that venture investing requires humility,’ says Michael Novogratz, with a ‘Luna’ tattoo, after the crypto’s collapse [1404d]
• Key Words: Taylor Swift’s career advice for the NYU Class of 2022: Shake it off, but show your boss enthusiasm [1404d]
• Market Extra: Next big shoe to drop in financial markets may still be ahead on inflation that fails to respond to Fed’s rate hikes [1404d]
• Sustainable Investing: Tesla dumped by S&P ESG index and Musk cries label is a ‘scam’ [1404d]
• : Finland and Sweden want to join NATO. How does that work and are there obstacles? [1404d]
• Market Extra: Why are stocks falling? Fragile ‘bear market’ bounce underlines investor jitters [1404d]
• Brett Arends's ROI: You just retired and your target-date fund has plunged. What do you do now? [1404d]
• The Conversation: Bad news for the 2022 hurricane season: The Loop Current, a fueler of monster storms, is looking a lot like it did in 2005, the year of Katrina [1404d]
• : FTC Chief Khan blames baby formula shortage, high meat prices on monopoly power [1404d]
• : Target stock plunges as profit drops on consumer spending shifts and jump in freight costs [1404d]
• : SEC is reportedly checking banker cell phones in a Wall Street messaging probe [1404d]
• Dispatches from a Pandemic: Desperate for baby formula, low-income families struggle with government’s nutritional-aid program: ‘You call the doctor’s office for your son, and they can’t help you’ [1404d]
• The Margin: The Ringling Bros. circus returns next year — minus the elephants, lions and tigers [1404d]
• Crypto: Despite $11 million in donations from a crypto billionaire, Carrick Flynn loses big in Oregon primary [1404d]
• Project Syndicate: If the Earth is truly approaching its finite limits (and it is), can humans learn to live within our means? [1404d]
• The Ratings Game: Visa’s ‘more defensive’ stance makes it well suited for choppy times, Goldman Sachs says [1404d]
• Coronavirus Update: White House to hold COVID briefing led by new response coordinator Jha, after U.S. official death toll passes one million [1404d]
• : You Bought. They Sold. Meet some of the insiders who unloaded $35 billion of stock in the tech IPO bonanza that tanked. [1404d]
• Economic Report: Home builders slow new construction as rising mortgage rates temper demand [1404d]
• BookWatch: Elon Musk’s autonomous vehicle forecasts are not just too optimistic — they’re wrong [1404d]
• : AMC discloses large passive investment in National CineMedia [1404d]
• Futures Movers: Oil prices bounce higher ahead of supply data as optimism on China’s COVID fight helps buoy market [1404d]
• Best New Ideas in Retirement: Childfree retirement planning answers questions all of us should be asking [1404d]
• Metals Stocks: Gold edges lower after back-to-back gains [1404d]
• Need to Know: Why this investor who paid $650,000 to lunch with Buffett isn’t buying or selling right now [1404d]
• The View From Unretirement: What is retirement really like? [1404d]
• Bond Report: Treasury yields edge higher as Powell maintains hawkish tone [1404d]
• : Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered [1404d]
• The New York Post: Disgraced hedge fund tycoon Phil Falcone raising money for crypto TV network [1404d]
• Encore: The SEC has taken the first step toward undermining 401(k) plan fiduciaries [1404d]
• Peter Morici: Biden needs some Republicans on his foreign policy team [1404d]
• Dow Jones Newswires: Tencent Holdings revenue growth slows to weakest in nearly two decades amid China’s pandemic resurgence [1404d]
• Market Snapshot: U.S. stock futures slip a day after solid market bounce [1404d]
• Autotrader: Is it better to finance a car or lease it? How to decide. [1404d]
• Next Avenue: ‘People who appreciate and value their freedom do not stay quiet.’ Observing the war from afar, Ukrainians and Russians here in the U.S. recall life under Soviet rule [1404d]
• NerdWallet: Seven financial influencers on saving, inflation, and starting your own business. [1404d]
• Next Avenue: Is there a better word than ‘retire?’ Some boomers took offense at my quest to redefine their badge of honor. [1404d]
• Dow Jones Newswires: JD.com drops on uncertain demand outlook amid China lockdowns [1404d]
• Dow Jones Newswires: U.K. inflation surges to 40-year high of 9% in April [1404d]
• The Moneyist: ‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $300,000 in company stock. Should I sell those shares to pay off my debt of $56,000? [1404d]
• The Wall Street Journal: Fed’s Evans says aggressive rate hikes needed to tame inflation [1404d]
• In One Chart: Here’s what a modern Volcker-style inflation fight could look like, SocGen says [1404d]
• The Wall Street Journal: Japan’s economy contracts slightly in first quarter [1404d]
• MarketWatch First Take: Elon Musk doesn’t want to buy Twitter anymore, but Twitter should make him pay for it [1404d]
• : U.S. officially surpasses 1 million COVID-19 deaths [1404d]