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SP 500 finishes 0.3% lower; Nasdaq Composite slips 0.4%
Dow industrials end around 54 points lower, down 0.2%
Stocks end slightly lower as inflation fears keep pressure on tech shares
Crypto platform Coinbase’s 5% skid on verge of yanking stock below $250 reference price
Coinbase Global on Monday is threatening a close below its $250 reference price for the first time since the crypto platform listed on the Nasdaq Inc. exchange in mid-April.
U.S. oil futures end at highest in more than 2 years
Oil futures climbed Monday, with optimism that an economic recovery in the U.S. and Europe will lead to higher energy demand sending U.S. prices to their highest settlement in more than two years. Prices got a boost on “hopes that large parts of Europe will soon be able to follow the U.K. on easing restrictions further, thus driving up demand over the next few weeks,” said Michael Hewson, chief market analyst at CMC Markets UK. June West Texas Intermediate crude rose 90 cents, or 1.4%, to settle at $66.27 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since April 23, 2019, when prices settled at $66.30, FactSet data show.
‘Inflation’ an earnings concern for the most companies in at least 11 years
The word “inflation” is being thrown around in post-earnings conference calls by the most companies in at least 11 years, enough to set a new record, led by the consumer staples and materials sectors, according to research provided by FactSet.
WTI oil futures log highest finish in over 2 years
June WTI oil gains 90 cents, or 1.4%, to settle at $66.27/bbl
Are you late filing your 2020 income taxes? 3 easy steps to get them off your back
The IRS has received 126.7 million returns through early May, around 1% fewer than the same point last year.
Elon Musk impersonators cost consumers more than $2 million in cryptocurrency scams, FTC says
Consumers have lost more than $2 million since October to scammers impersonating Tesla Inc. Chief Executive Elon Musk saying he would multiply cryptocurrency sent to his wallet and send it back, according to the Federal Trade Commission.
Infectious Diseases Society of America: ‘CDC recommendations should not send the message that the pandemic is over’
‘Less than half of the U.S. population is fully immunized. Increased vaccinations will be necessary to control and finally end the pandemic.’
Biden sees U.S. as ‘arsenal of vaccines’ as he plans to send 20 million more doses overseas
President Joe Biden on Monday borrows from Franklin D. Roosevelt’s rhetoric as commander-in-chief during World War II, as his administration announces its plans to ship 20 million more COVID-19 vaccine doses to other countries.
Airbnb stock drops more than 6% as post-IPO lockup ends
Airbnb Inc.’s stock fell sharply Monday as the company’s post-IPO lockup expired, meaning insiders can now sell shares.
Offered a buyout at work? How to know whether to stay or go
The decision is both financial and emotional
Gold prices climb to highest finish since January
Gold futures on Monday posted their strongest daily gain in more than week to mark the highest settlement since January. Prices finished higher on the back of weakness in the U.S. dollar as well as losses in the U.S. benchmark stock indexes. Also providing support, Federal Reserve Vice Chairman Richard Clarida said Monday that the U.S. economy hasn’t hit the benchmark of “substantial further progress” needed for the Federal Reserve to scale back asset purchases. June gold climbed $29.50, or 1.6%, to settle at $1,867.60 an ounce, with prices for the most-active contract at their highest since Jan. 7, according to FactSet data.
I’m worth $3 million, and separating from my much wealthier partner of 33 years. What kind of financial settlement can I expect?
‘When same-sex marriage became a possibility in New York, he declined to consider it because he did not want to take on any possible financial obligations that a future divorce might entail.’
Apple opens defense in Epic antitrust case
Apple Fellow Phil Schiller, a company executive who oversaw the marketing of its products for 30 years, outlined the history of the Apple App Store under questioning from Apple lawyer Richard Doren. Schiller is expected to offer a narrative on the success of the store, which is the center of Epic’s antitrust claims.
June gold climbs $29.50, or 1.6%, to settle at $1,867.60/oz
Nearly one year after George Floyd’s murder, Black and white Americans have very different views on race
About 4 in 10 U.S. adults think race relations in the country are worse today than they were a year ago.
Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto
The air is leaking out of the crypto complex, led by sharp declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.
Virginia and New York City are making it easier for workers to save for retirement
Auto-IRA programs are one tool to build a nest egg
Systemax upgraded to buy from neutral at Sidoti Co.
One in four adults say they ended up worse off financially from the pandemic, Fed says
Nearly one-fourth of adults said they are now worse off financially than before the pandemic, according to a Federal Reserve survey released Monday.
U.S. plans to send 20 million more COVID vaccine doses overseas: White House
The U.S. plans to send 20 million COVID-19 vaccine doses authorized for use in the U.S. to other countries battling the pandemic by the end of June, White House press secretary Jen Psaki said Monday, as she said President Joe Biden will be officially announcing that later in the day. Those doses from Pfizer , Moderna or Johnson Johnson are in addition to sending 60 million doses from AstraZeneca , she said.
UiPath started at equal weight at Morgan Stanley
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