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 [1587d]
• Dow Jones Newswires: Northrop Grumman board raises quarterly dividend by 10% [1587d]
• Market Pulse: API sees drops in U.S. oil, gasoline inventories: source [1587d]
• 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 [1587d]
• Earnings Results: Doximity stock plummets after forecast, heads lower than IPO price for first time [1587d]
• The Margin: At Grubhub, a free-lunch promotion prompts a massive response — and a technical glitch [1587d]
• Outside the Box: This plan to tax the ultrarich is simpler and better than Biden’s idea [1587d]
• : Biden renews push for assault-weapons ban after Buffalo shooting, but analyst says Senate ‘unlikely’ to pass new gun-control laws [1587d]
• Crypto: Crypto gets political: How cryptocurrency is impacting some May 17 primaries [1587d]
• : Netflix lays off 150 workers as executives look to cut costs [1587d]
• The Fed: Powell says a ‘softish landing’ for U.S. economy is plausible [1587d]
• Market Extra: Sophisticated investors have been hiding from inflation and volatility — in the cash-like safety of pre-merger SPACs [1587d]
• Crypto: This 24-year-old quit his job at hedge fund powerhouse Citadel to build on Terra. It collapsed two months later [1587d]
• : AutoWeb stock rocked after worst auto buying conditions in 50 years leads to ‘going concern’ warning [1587d]
• The Conversation: It’s impossible to determine your personal COVID-19 risks and frustrating to try—but you can still take action [1587d]
• Deep Dive: Which of Buffett’s bank stocks might make you the most money? [1587d]
• 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? [1587d]
• : SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection [1587d]
• The Margin: Grubhub is giving NYC office workers free lunch — but who’s still in the office to get the deal? [1587d]
• : China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging [1587d]
• 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 [1587d]
• The Wall Street Journal: Pfizer’s Covid-19 booster shot cleared for children ages 5 to 11 [1587d]
• : Walmart says consumers are trading down to private label for items like dairy and bacon [1587d]
• The New York Post: House Intelligence panel holds first open UFO hearing in decades [1587d]
• : ‘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 [1587d]
• Economic Report: Americans have no reservation about going out to eat despite high inflation [1587d]
• The Ratings Game: AMD stock shoots higher after upgrade: ‘Buy good companies when they are down’ [1587d]
• : Airline stocks rise after United updates its outlook, JETS ETF up 3% [1587d]
• Outside the Box: Regulators have the authority to act now to stop runs on risky stablecoins [1587d]
• Washington Watch: Terra crash sharpens Washington’s attention on crypto regulations [1587d]
• : Playboy once helped fund the battle for abortion access — and its support for reproductive rights ‘is not going to change,’ CEO says [1587d]
• Coronavirus Update: U.S. government is offering free COVID tests again, as cases rise 57% from two weeks ago [1587d]
• Retire Better: Want healthcare in retirement? You’re going to need a bigger bank account [1587d]
• Market Extra: Is it now or never for a stock rally? Fund managers cash pile is the biggest since 2001, says Bank of America [1587d]
• Market Pulse: Stocks open higher, attempt bounce after retail sales data [1587d]
• Economic Report: U.S. industrial output has 4th straight strong gain in April [1587d]
• : Americans have bet $125 billion on sports since more states legalized it four years ago [1587d]
• : China Vice Premier Liu vows support for tech firms, overseas listings, stocks rise [1587d]
• : Euro and bond yields lifted by ECB official saying half-point rate hike is possible [1587d]
• Economic Report: U.S. retail sales climb in April in a sign economy still has spunk [1587d]
• Metals Stocks: Gold extends bounce from 3-month low [1587d]
• : Oil hits nearly 8-week high as gasoline prices continue record run [1587d]