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Bond market’s weakness for such a long stretch is ‘unprecedented,’ Bespoke finds
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CNBC - Business
Constellation delivers beer profits, but weakness in wine prompts a downgrade
We want to see actual progress in wines and spirits before getting more positive on the trajectory of the stock. -
CNBC - Business
10-year Treasury yield tumbles after weak economic data
The benchmark 10-year yield, used to price everything from mortgages to credit cards, slipped for another session. -
MarketWatch - Business
Paramount stock and bonds snapped up on report deal with Skydance is back on
The deal between Shari Redstone and Skydance Media that was scrapped a few weeks ago has been revived -
CBS News - Top stories
Giant creature with fangs was around long before dinosaurs, research reveals
Scientists have revealed fossils of a giant salamander-like beast with sharp fangs that ruled waters before the first dinosaurs arrived. -
CBS News - World
Giant creature with fangs was around long before dinosaurs, research reveals
Scientists have revealed fossils of a giant salamander-like beast with sharp fangs that ruled waters before the first dinosaurs arrived. -
Financial Times - World
Can the market fix climate change?
Also in this newsletter: French horse-trading, Biden under pressure, inflation slows across EuropeClimate -
The Wall Street Journal - World
Financial Services Roundup: Market Talk
Find insight on June pending home sales, AXA, KB Financial Group, global property reinsurance prices, and more in the latest Market Talks covering the Financial Services sector. -
Financial Times - World
Boom in active bond ETFs could put total inflows on track for $1tn year
Funds have been aided by retail interest, particularly among younger investors -
Financial Times - Business
Boom in active bond ETFs could put total inflows on track for $1tn year
Funds have been aided by retail interest, particularly among younger investors -
The New York Times - Science
Bigheaded Salamander-like Fossil Turns Up in a Place No One Expected it
An ancient aquatic predator resembling a giant salamander turned up in an African fossil deposit, suggesting unwritten chapters of how animals moved onto land.
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MarketWatch - Business
Two more luxury-fashion players could join forces — with the backing of Amazon, report says
Upscale fashion retail chains Saks Fifth Avenue and Neiman Marcus could soon join forces and get a financial boost from Amazon.com Inc., according to a report on Wednesday, as luxury brands consolidate amid a slump in demand. -
MarketWatch - Business
EXCLUSIVE: Famed NYC restaurant Serendipity 3 is opening a Times Square location
EXCLUSIVE: The privately owned business, a celebrity magnet that’s beloved for its frozen hot chocolate, joins such national brands as Hershey’s and Hard Rock Cafe in the tourist-centric locale -
MarketWatch - Business
Without Joey Chestnut, the Nathan’s hot-dog-eating competition could be an actual contest
“This event is bigger than any one eater,” an event spokesperson said. -
MarketWatch - Business
‘Our loyalty isn’t worth anything’: I paid $70 for a seat with more legroom, but two women grabbed similar empty seats for free. Is that fair?
“I wrote to the airline to explain what had happened and asked for a refund of my miles.” -
MarketWatch - Business
Should you get travel insurance? Why it might be a smart buy after Hurricane Beryl — with one caveat
As Hurricane Beryl churns through the Caribbean, its strength so early in the hurricane season — and the summer travel season — is a reminder of the value of travel insurance, experts say.