Former JPMorgan exec takes on Social Security advisory role
Matt Zames will take on an unpaid adviser position at the Social Security Administration, according to reports. Source:MarketWatch
Trump, Vance and Bessent try to calm the bond market with ‘alternative facts’
Maybe this stuff works on TV or on the stump. But it doesn’t work on Wall Street, where people can count. Source:MarketWatch
The Treasury, the Fed and the threat to your money
Also in Weekend Reads: The Gen Z online sportsbetting 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 fastfashion giant is targeting a listing in Hong Kong by Sept. 1. It’s been trying to go public for four years. Source:MarketWatch
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. Source:MarketWatch
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. Source:MarketWatch
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. Source:MarketWatch
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. Source:MarketWatch
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.” Source:MarketWatch
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. Source:MarketWatch
When it comes to stock buybacks, anything SK Hynix can do, Samsung can do bigger
As demand far outstrips supply in the memorychip market, SK Hynix and Samsung Electronics are generating outsize profits and throwing off huge free cash flow.…
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.’ Source:MarketWatch