The Brutalist Report

MarketWatch

• Crypto: The history of private bank notes in 1800s may hint at the future for stablecoins: Not a good one, says Goldman Sachs [1404d]
• Dow Jones Newswires: Northrop Grumman board raises quarterly dividend by 10% [1405d]
• Market Pulse: API sees drops in U.S. oil, gasoline inventories: source [1405d]
• Personal Finance Daily: Travelers are hitting the road this Memorial Day Weekend but will pay more for airfares and gas and Americans have bet $125 billion on sports in the past four years [1405d]
• Earnings Results: Doximity stock plummets after forecast, heads lower than IPO price for first time [1405d]
• The Margin: At Grubhub, a free-lunch promotion prompts a massive response — and a technical glitch [1405d]
• Outside the Box: This plan to tax the ultrarich is simpler and better than Biden’s idea [1405d]
• : Biden renews push for assault-weapons ban after Buffalo shooting, but analyst says Senate ‘unlikely’ to pass new gun-control laws [1405d]
• Crypto: Crypto gets political: How cryptocurrency is impacting some May 17 primaries [1405d]
• : Netflix lays off 150 workers as executives look to cut costs [1405d]
• The Fed: Powell says a ‘softish landing’ for U.S. economy is plausible [1405d]
• Market Extra: Sophisticated investors have been hiding from inflation and volatility — in the cash-like safety of pre-merger SPACs [1405d]
• Crypto: This 24-year-old quit his job at hedge fund powerhouse Citadel to build on Terra. It collapsed two months later [1405d]
• : AutoWeb stock rocked after worst auto buying conditions in 50 years leads to ‘going concern’ warning [1405d]
• The Conversation: It’s impossible to determine your personal COVID-19 risks and frustrating to try—but you can still take action [1405d]
• Deep Dive: Which of Buffett’s bank stocks might make you the most money? [1405d]
• Help Me Retire: I pay $2,164 a year in retirement account fees – one month’s worth of contributions – should I leave one of the plans for an IRA instead? [1405d]
• : SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection [1405d]
• The Margin: Grubhub is giving NYC office workers free lunch — but who’s still in the office to get the deal? [1405d]
• : China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging [1405d]
• The Moneyist: ‘All kinds of stories and explanations are popping up’: My brother moved in with our mother after our father died in 2015, and transferred family property into his name [1405d]
• The Wall Street Journal: Pfizer’s Covid-19 booster shot cleared for children ages 5 to 11 [1405d]
• : Walmart says consumers are trading down to private label for items like dairy and bacon [1405d]
• The New York Post: House Intelligence panel holds first open UFO hearing in decades [1405d]
• : ‘Summer travel isn’t just heating up, it will be on fire’: More travelers are hitting the road this Memorial Day Weekend, but will pay more for airfares and gas prices [1405d]
• Economic Report: Americans have no reservation about going out to eat despite high inflation [1405d]
• The Ratings Game: AMD stock shoots higher after upgrade: ‘Buy good companies when they are down’ [1405d]
• : Airline stocks rise after United updates its outlook, JETS ETF up 3% [1405d]
• Outside the Box: Regulators have the authority to act now to stop runs on risky stablecoins [1405d]
• Washington Watch: Terra crash sharpens Washington’s attention on crypto regulations [1405d]
• : Playboy once helped fund the battle for abortion access — and its support for reproductive rights ‘is not going to change,’ CEO says [1405d]
• Coronavirus Update: U.S. government is offering free COVID tests again, as cases rise 57% from two weeks ago [1405d]
• Retire Better: Want healthcare in retirement? You’re going to need a bigger bank account [1405d]
• Market Extra: Is it now or never for a stock rally? Fund managers cash pile is the biggest since 2001, says Bank of America [1405d]
• Market Pulse: Stocks open higher, attempt bounce after retail sales data [1405d]
• Economic Report: U.S. industrial output has 4th straight strong gain in April [1405d]
• : Americans have bet $125 billion on sports since more states legalized it four years ago [1405d]
• : China Vice Premier Liu vows support for tech firms, overseas listings, stocks rise [1405d]
• : Euro and bond yields lifted by ECB official saying half-point rate hike is possible [1405d]
• Economic Report: U.S. retail sales climb in April in a sign economy still has spunk [1405d]
• Metals Stocks: Gold extends bounce from 3-month low [1405d]
• : Oil hits nearly 8-week high as gasoline prices continue record run [1405d]
• Best New Ideas in Retirement: How retirement coaches are training people to make one of life’s trickiest transitions [1405d]
• Best New Ideas in Retirement: ‘I needed something to do’: How working in retirement is being embraced by older adults and companies [1405d]
• Best New Ideas in Retirement: ‘This is a daunting time to retire’: In the age of inflation, there are steps you can take to deal with higher prices [1405d]
• Mark Hulbert: Stock investors are now starting to feel the 5 stages of bear-market grief [1405d]
• Bond Report: Treasury yields rise ahead of U.S. retail sales data, Fed’s Powell comments [1405d]
• Need to Know: Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse [1405d]
• : How to get a 4%(ish) interest rate on a mortgage right now [1405d]
• Market Snapshot: Dow futures up nearly 500 points ahead of retail sales and comments from Fed’s Powell [1405d]
• Outside the Box: 10 things being a clown taught me about life [1405d]
• Dow Jones Newswires: Eurozone economy grew in Q1 despite omicron, Russia’s invasion of Ukraine [1405d]
• BookWatch: Amazon’s stock price has slumped almost 34% this year. This money manager says it’s a steal and could surge 76% to $3,900 in 2 years [1405d]
• : Nestle rushes shipments of baby formula from Netherlands, Switzerland to help U.S. shortages [1405d]
• Kelley Blue Book: The 2022 Honda CR-V hybrid vs. the Toyota RAV4 hybrid—which is better? [1405d]
• NerdWallet: How to choose and maximize the benefits at your new job [1405d]
• NerdWallet: You may finally be able to get drinks on flights again [1405d]
• Next Avenue: What will happen to your pets when you die? [1405d]
• Key Words: Elon Musk says Twitter deal ‘cannot move forward’ without more data on spam bots [1405d]
• : Remote work has fueled U.S. house prices during the pandemic — so what happens when people return to the office? [1405d]
• : ‘Boeing management is running around like headless chickens,’ Ryanair CEO says [1405d]