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CARL ICAHN'S INVESTMENT FIRM HAS NOW SHED 61% OF ITS MARKET CAP THIS MONTH


DARK SIDES OF WEIGHT-LOSS-DRUG CRAZE: RISKY KNOCKOFFS, EATING DISORDERS AND MORE







CARL ICAHN'S INVESTMENT FIRM HAS NOW SHED 61% OF ITS MARKET CAP THIS MONTH


DARK SIDES OF WEIGHT-LOSS-DRUG CRAZE: RISKY KNOCKOFFS, EATING DISORDERS AND MORE


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 * 12:08p Pinnacle West Capital upgraded to neutral from underweight at BofA
   Securities
 * 12:07p Annexon downgraded to neutral from buy at BofA Securities
 * 12:06p Terran Orbital stock price target cut to $1.35 from $7.00 at BofA
   Securities
 * 12:06p Terran Orbital double downgraded to underperform from buy at BofA
   Securities
 * 12:06p Hibbett says customers are not just worried about high prices. They’re
   afraid of losing their jobs.
 * 12:05p How the AI boom can affect your money and your career
 * 12:04p Here are 3 key things to know about markets and the debt-ceiling fight
   as Memorial Day weekend approaches
 * 12:01p U.K. stocks break three-day dropping streak
 * 11:59a Barron's Snowflake Gets Another Downgrade, Amid Ongoing Growth
   Concerns
 * 11:59a Lazard elevates financial advisory head to CEO
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THE DARK SIDE OF THE WEIGHT-LOSS-DRUG CRAZE: EATING DISORDERS, MEDICATION
SHORTAGES, DANGEROUS KNOCK-OFFS




THE DARK SIDE OF THE WEIGHT-LOSS-DRUG CRAZE: EATING DISORDERS, MEDICATION
SHORTAGES, DANGEROUS KNOCK-OFFS

 * The real reason sunshine makes you happy: The benefits of vitamin D may
   surprise you
 * Kite surfing, ice baths and 8-mile morning runs: How some CEOs stay in shape
 * World Health Organization warns nonsugar sweeteners may increase risk of
   diabetes and heart disease


MARKETWATCH LIVE 250-PLUS-POINT DOW SURGE DRIVEN BY RENEWED DEBT-CEILING
OPTIMISM

 * Another risk for markets to consider: Debt-ceiling talks that could stretch
   into Fed’s June meeting
 * Here are 3 key things to know about markets and the debt-ceiling fight as
   Memorial Day weekend approaches
 * Want to place a bet on a U.S. default? You may be able to cash in with the
   dollar.
 * Goldman economists: U.S. Treasury funds will be exhausted by June 9
 * Could bitcoin and gold be haven buys as debt-ceiling fears mount? Here’s what
   recent trading patterns suggest.


ELON MUSK’S BRAIN-IMPLANT COMPANY NEURALINK SAYS IT HAS FDA APPROVAL FOR FIRST
HUMAN CLINICAL STUDY


WHY DISNEY’S ‘INEVITABLE’ MOVE TO STAND-ALONE ESPN STREAMING SERVICE WOULD BRING
‘LITTLE RISK, AMPLE REWARD’


FLIGHT CANCELLATIONS, STRIKES RAISE FEARS OF NEW SUMMER TRAVEL CHAOS IN EUROPE


WHAT’S CHANGED IN THE THREE YEARS SINCE GEORGE FLOYD’S DEATH? NOT ENOUGH, THIS
NONPROFIT CEO SAYS.


U.S. ECONOMY ‘THE ECONOMY IS STILL TOO HOT FOR THE FED’: CHANCE OF JUNE RATE
HIKE RISES FURTHER ABOVE 50% AFTER INFLATION DATA

 * U.S. prices rise again as fight against inflation stalls, PCE signals
 * May’s final U.S. consumer-sentiment reading reflects slight rebound
 * Consumer spending is far from dead as Americans had cash registers ringing in
   April
 * Durable-goods orders get a boost from military spending
 * MarketWatch Economic Calendar: Jobless claims and nonfarm payrolls headline
   next week’s data docket


SOFI CEO SAYS A PERSON PULLING DOWN $100,000 OR MORE ‘REALLY STRUGGLES TO LIVE
THE AMERICAN DREAM’

 * Pay down your mortgage. Keep a 60/40 stock-bond portfolio. Some money rules
   are meant to be broken.
 * ‘It’s a pretty simple fix’: A bipartisan bill aims to double capital-gains
   exclusion for home sellers
 * Scarcity of homes for sale stalls pending sales in April as mortgage rates
   top 7%


AI STOCKS ARE SOARING — BUT AVERAGE INVESTORS AREN’T YET RUSHING IN

 * ‘Ride the Nvidia wave.’ Wall Street says the ‘undeniably pricey’ stock can
   keep roaring,
 * After Nvidia’s blowout guidance, here is the percent of revenue other
   companies will get from AI this year
 * Nvidia’s 24% jump Thursday lit an AI fire that carried these 19 stocks to
   gains of as much as 17%
 * If you own these stock index funds, you’re already invested in AI. But there
   may be better strategies.
 * If you haven’t owned these 5 stocks, your portfolio probably is trailing the
   market


‘TARGET DOESN’T HAVE A SPINE’: WORKERS SLAM RETAILER’S DECISION TO PULL LGBTQ
PRIDE-THEMED PRODUCTS AMID BACKLASH

 * Trans designer speaks out after Target pulls products: ‘I’ve had a lot of
   death threats’
 * Target on the defensive after removing LGBTQ+-themed products
 * Bud Light anti-trans backlash has some weighing potential ‘chilling effect’
   on corporate LGBTQ+ support
 * ‘There is a subset of American consumers who will not drink a Bud Light for
   the foreseeable future.’ Anheuser-Busch InBev’s U.S. profits may tumble,
   JPMorgan says


THE PRICE OF THIS MEMORIAL DAY BARBECUE ESSENTIAL HAS SOARED 28% SINCE LAST
YEAR. IT’S NOT MEAT OR VEGETABLES.

 * Gas will be much cheaper this Memorial Day Weekend. Now, for all the bad
   news.
 * Expect big crowds for the summer travel season — and big prices, too
 * Airlines are bracing for a busy summer travel season — here’s what to expect


IS THE REWARDS REVOLUTION OVER? WINE, FITNESS AND OTHER NICHE REWARDS CARDS HAVE
BECOME CASUALTIES ALONG WITH CRYPTO CARDS.

 * The real reason sunshine makes you happy: The benefits of vitamin D may
   surprise you
 * Picks: This is the No. 1 most recommended travel credit card in America
 * Picks: $1,000 anyone? Credit cards with the best cash bonus offers in April
   2023.


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FINANCIAL NEWS


BLUECREST BOSS MICHAEL PLATT TOPS LIST OF 19 HEDGE FUND MANAGERS AMONG UK’S
RICHEST


HEDGE FUND BOSSES SLAM SEC REPORTING PUSH AS MFA WARNS OF ‘FALSE POSITIVE
FILINGS’


MEET THE FIFTY MOST INFLUENTIAL LAWYERS 2023


CITY HEDGE FUND BOSS HITS BACK AT JAMIE DIMON’S IDEA TO BAN SHORT-SELLING


MOST POPULAR




DOW JUMPS 300 POINTS ON HOPES FOR DEBT CEILING DEAL AND HEALTHY ECONOMIC DATA


‘THE ECONOMY IS STILL TOO HOT FOR THE FED’: CHANCE OF JUNE RATE HIKE RISES
FURTHER ABOVE 50% AFTER INFLATION DATA


U.S. PRICES RISE AGAIN AS FIGHT AGAINST INFLATION STALLS, PCE SIGNALS


IS NOW A GOOD TIME TO BUY A HOUSE?


AMAZON’S STOCK IS MISUNDERSTOOD FOR THESE 3 REASONS, ACCORDING TO AN ANALYST


SOFI CEO SAYS A PERSON PULLING DOWN $100,000 OR MORE ‘REALLY STRUGGLES TO LIVE
THE AMERICAN DREAM’


TILRAY STOCK DROPS NEARLY 20% AFTER CONVERTIBLE NOTES OFFERED TO HELP PAY DOWN
DEBT


NYC BANKING COMMISSION VOTES TO HALT CITY DEPOSITS AT CAPITAL ONE, KEYBANK


IS REAL ESTATE A GOOD PATH TO FINANCIAL INDEPENDENCE?


UP IN SMOKE: $60 MILLION MARIJUANA STARTUP CO-OWNED BY RAPPER WAS A PONZI
SCHEME, FEDS SAY


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YIELDS ON TREASURY BILLS MATURING IN EARLY JUNE DROP MORE THAN A FULL PERCENTAGE
POINT SINCE WEDNESDAY ON DEBT-CEILING HOPES

Growing optimism that a debt-ceiling deal can be reached has led to a dramatic
plunge in the rates of Treasury bills maturing between June 1-8. The yield on
the 3-month bill issued on March 2 and maturing on June 1 was 5.586% as of 11
a.m. Eastern time Friday, down 166.8 basis points from Wednesday’s closing level
of 7.254%, according to Tradeweb. The rate on the 1-month T-bill, issued on May
9 and maturing on June 6, was at 5.649%, down 139.2 basis points from 7.041% two
days ago. And the yield on the 3-month bill issued March 9 and maturing on June
8 was at 6.076%, down 123.1 basis points from 7.307% on Wednesday. President Joe
Biden’s team and House Speaker Kevin McCarthy’s deputies were said to be nearing
a deal that would raise the U.S. debt ceiling and avoid a market-shaking
default, though getting it through Congress quickly may be tricky. All three
major U.S. stock indexes, along with most Treasury yields, were higher in late
morning trading.


STOCK MARKET’S AI FRENZY REINFORCES THIS CRUCIAL RULE FOR TRADERS, RENMAC SAYS


DOW JUMPS 300 POINTS ON HOPES FOR DEBT CEILING DEAL AND HEALTHY ECONOMIC DATA


BIG LOTS TUMBLES AS LOWER-INCOME SHOPPERS FEEL THE PINCH FROM INFLATION

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Investing


HIBBETT SAYS CUSTOMERS ARE NOT JUST WORRIED ABOUT HIGH PRICES. THEY’RE AFRAID OF
LOSING THEIR JOBS.


LAZARD ELEVATES FINANCIAL ADVISORY HEAD TO CEO

Lazard Ltd. LAZ on Friday named insider Peter R. Orszag as its next chief
executive officer as of Oct. 1, when Kenneth M. Jacobs becomes executive
chairman after working as CEO for 14 years. Orszag is now CEO of financial
advisory at Lazard. Orszag has been CEO of Lazard’s financial advisory unit
since 2019 and joined the firm in 2016. Orszag was director of the Office of
Management and Budget in the Obama administration in 2009 and 2010, also vice
chairman of Citi from 2011 to 2016. Lazard stock is up 0.5% in early trades on
Friday. The stock is down 18.4% in 2023, compared to an 8.4% increase by the S&P
500 SPX and a 6.7% drop by the Financial Select SPDR ETF XLF.


FORD STOCK RALLIES 7% AFTER TESLA SUPERCHARGING DEAL


AI IS GOING TO CHANGE THE WAY ENTERTAINMENT IS MADE. WILL IT BE FOR BETTER OR
WORSE?

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SNOWFLAKE GETS ANOTHER DOWNGRADE, AMID ONGOING GROWTH CONCERNS


HOW NVIDIA CAN BECOME FIRST $1 TRILLION CHIP STOCK


ULTA BEAUTY IS S&P 500'S WORST PERFORMER. 'WE'VE HIT A SPEED BUMP,' ANALYST
SAYS.


INFLATION IS STICKING AROUND. IT'S AMMO FOR ANOTHER HIKE.

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HOW DO YOU KNOW IF FINANCIAL ADVICE IS WORTH PAYING FOR?  


WILL FINANCIAL ADVICE HELP ME SAVE MORE FOR RETIREMENT?


OPINION: 3 TAX-SMART CHARITABLE GIVING STRATEGIES YOU CAN USE ANY TIME OF YEAR


RETIRING IN A BEAR MARKET CAN BE CATASTROPHIC — WORKING ONE MORE YEAR CAN MAKE A
HUGE DIFFERENCE

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Economy & Politics


HERE ARE 3 KEY THINGS TO KNOW ABOUT MARKETS AND THE DEBT-CEILING FIGHT AS
MEMORIAL DAY WEEKEND APPROACHES


MESTER SAYS PCE SHOWS FED HAS ‘MORE WORK TO DO’ ON INTEREST RATES

Cleveland Federal Reserve President Loretta Mester said high inflation and
strong consumer spending are sign the central bank likely needs to raise
interest rates again to try to get prices under control. “The data coming in
this morning suggest we have more work to do,” she said in an interview Friday
on CNBC. The PCE price index showed inflation stuck near 5%, well above the
Fed’s 2% target, while consumer spending picked up. Mester has previously said
she thinks rates need to go a bit higher. Other senior Fed officials appear
undecided on whether to skip a rate increase at their June 13-14 meeting,
increase them again, or pause for a while.


HERE’S WHAT’S IN THE EMERGING DEBT-CEILING DEAL — SUCH AS A CUT TO THE IRS


U.S. CONSUMER SENTIMENT REBOUNDS SLIGHTLY IN LATE MAY, BUT WORRIES PERSIST

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Retirement


I’M DROWNING IN DEBT: WHY CAN’T I BE ON SOMEBODY’S LIST WHO IS GIVING MONEY
AWAY?


YES, YOU CAN BEAT THE STOCK MARKET, SAYS NEW RESEARCH


THE REAL REASON SUNSHINE MAKES YOU HAPPY: THE BENEFITS OF VITAMIN D MAY SURPRISE
YOU


MEDICARE WANTED TO STOP PAYING FOR MY MOM’S STAY IN REHAB. I SUCCESSFULLY
APPEALED — TWICE — AND YOU CAN, TOO.

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Personal Finance


HOW THE AI BOOM CAN AFFECT YOUR MONEY AND YOUR CAREER


GAS WILL BE MUCH CHEAPER THIS MEMORIAL DAY WEEKEND. NOW, FOR THE BAD NEWS.


‘THERE’S NO BLUEPRINT’: IF U.S. DEFAULTS ON DEBT, $12 BILLION IN BENEFITS FOR
VETERANS AND THEIR FAMILIES ARE AT STAKE


AMERICANS CAN NOW PUT A LOT MORE IN HEALTH SAVINGS ACCOUNTS. HERE’S HOW MUCH
THEY CAN INVEST.

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‘ALL OF THESE TIPS ADD UP’: IF A RESTAURANT ADDS A 20% TIP, AM I OBLIGED TO PAY?
SHOULD TIPPING NOT BE OPTIONAL? 


MY BROTHER-IN-LAW IS BEING HONORED BY A CHARITY, BUT TICKETS FOR THE CEREMONY
COST $375. SHOULDN’T HE OFFER TO PAY FOR MY TICKET?


‘HE’S CONTENT LIVING PAYCHECK TO PAYCHECK’: MY HUSBAND WON’T WORK OR RENEW HIS
DRIVER’S LICENSE. NOW THINGS HAVE GOTTEN EVEN WORSE.


‘TIPPING CULTURE IS OUT OF CONTROL’: I WAS ASKED TO TIP 15% WHEN I MADE A
DONATION TO CHARITY. IS IT TIME TO SAY NO TO THESE REQUESTS?

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NO MATTER YOUR AGE, HERE’S HOW TO TELL IF YOUR FINANCES ARE ON THE RIGHT TRACK


SHOULD I USE A 401(K) OR AN IRA TO SAVE FOR RETIREMENT? A TRADITIONAL ACCOUNT OR
THE ROTH VERSION? HERE’S WHAT TO KNOW


THESE 5 GREAT, EASY-TO-READ BOOKS ABOUT MONEY WILL CHANGE HOW YOU THINK ABOUT
INVESTING


WHEN IS IT WORTH HIRING SOMEONE TO MANAGE YOUR MONEY?

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Coronavirus Updates


CALM OBSERVED AT SOUTHERN U.S. BORDER AFTER MIDNIGHT LIFTING OF PANDEMIC-ERA
ASYLUM RESTRICTIONS


AS COVID PUBLIC HEALTH EMERGENCY ENDS, ‘WHACK-A-MOLE’ VIRUS WON’T BE EASY TO
TRACK


NOVAVAX’S STOCK SOARS AFTER POSITIVE COVID AND FLU TRIAL DATA AND NEWS OF PLAN
TO LAY OFF 25% OF WORKFORCE


CDC’S ROCHELLE WALENSKY RESIGNS, CITING PANDEMIC TRANSITION

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Picks


THE HOME DEPOT AND LOWE’S ARE HAVING MAJOR MEMORIAL DAY SALES. HERE’S WHAT TO
BUY.


THESE ARE THE 5 BEST DEALS YOU CAN GET ON MATTRESSES THIS MEMORIAL DAY — AND
PRICES START AT JUST $337 FOR A QUEEN


SOME SAVINGS ACCOUNTS ARE PAYING 4.75% OR MORE. IS IT TIME TO SWITCH BANKS?


YES, YOU CAN EARN 5% ON A CD RIGHT NOW. BUT IS IT THE RIGHT CHOICE FOR YOU?

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Retirement Weekly


HOW WE KNOW THAT ECONOMIC RISK IS HIGH RIGHT NOW


MY HUSBAND DIED AND HIS HSA FUNDS WERE SENT TO ME. DO I HAVE TO PAY TAXES ON IT?


ARE YOU A HYPOCHONDRIAC? IT’S A FINE LINE BETWEEN VIGILANCE AND FEAR.


POSSIBLE CHANGES TO SOCIAL SECURITY, RETIRING IN A RECESSION, DODGING LIFE’S
CURVEBALLS — AND MORE RETIREMENT NEWS

Retirement news and analysis

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Real Estate


‘A MODEST RECESSION WILL BEGIN IN THE SECOND HALF OF 2023’: FANNIE MAE


THE 30-YEAR MORTGAGE RATE JUST HIT 7%. HERE’S HOW MUCH IT WILL COST HOMEOWNERS.


BAD NEWS FOR HOMEBUYERS: MORTGAGE RATES CLIMB AMID U.S. DEBT-CEILING CONCERNS


‘IT’S A PRETTY SIMPLE FIX’: A BIPARTISAN BILL WANTS TO DOUBLE CAPITAL-GAINS
EXCLUSION FOR HOME SELLERS

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A STANDOUT VIDEO CAN HELP ELEVATE A PROPERTY LISTING ABOVE THE COMPETITION


A GALLERY-LIKE TROPHY HOME IN WEST VANCOUVER


KATY PERRY BUYS LOS ANGELES PENTHOUSE FOR $11 MILLION


INDIAN CREEK, FLORIDA’S ONLY LISTING IS THIS $85 MILLION WATERFRONT MANSION

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