Who do you blame for high house prices? Nearly half of young Americans point their finger at the government.

Who do you blame for high house prices? Nearly half of young Americans point their finger at the government.

As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey of 1,386 people in the U.S., aged 46 and…

West Coast dockworkers accused of disrupting port operations, raising fears of shipping backups

West Coast dockworkers accused of disrupting port operations, raising fears of shipping backups

Union dockworkers at West Coast ports on Friday were accused by their employers of engaging in “concerted and disruptive work actions,” moves that threatened operations at some of the nation’s largest import hubs. The dockworkers’ union, the International Longshore & Warehouse Union, “is staging concerted and disruptive work actions that have effectively shut down operations…

Palo Alto Networks promoted to S&P 500, replacing Dish Network

Palo Alto Networks promoted to S&P 500, replacing Dish Network

Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index. Palo Alto Networks PANW, +0.21% shares surged as much as 5% in after-hours trading, following the announcement that Palo Alto Networks will replace Dish Network…

SentinelOne stock plummets 35% on record volume for worst one-day drop ever

SentinelOne stock plummets 35% on record volume for worst one-day drop ever

SentinelOne Inc.’s stock suffered its worst day since its initial public offering as the cybersecurity company struggles to find new business amid a tough business spending environment, prompting one analyst to downgrade the stock. Not only did SentinelOne shares S, -35.14% on Friday experience their worst one-day percentage drop ever, but also they nearly closed…

Verizon’s stock sinks, Dish’s soars after report of Amazon’s mobile-plan talks

Verizon’s stock sinks, Dish’s soars after report of Amazon’s mobile-plan talks

Shares of Verizon Communications Inc. dove toward a 12-year low Friday, after Bloomberg reported that Amazon.com Inc. was in talks with the company and some other wireless carriers about offering services — possibly for free — to Prime members. The report also pushed AT&T Inc.’s stock T, -3.83% toward the lowest close in nearly eight…

Dow is soaring because traders still see Fed on hold after blowout payrolls rise

Dow is soaring because traders still see Fed on hold after blowout payrolls rise

A blowout surge in May nonfarm payrolls isn’t denting expectations among fed-funds futures traders for policy makers to leave rates on hold this month — and that’s helping stocks rally sharply on Friday. Fed-funds futures traders priced in a 27.6% probability the Federal Reserve will lift its key rate by 25 basis points at its…

Lululemon stock stretches higher but SentinelOne plummets by a third, and other big movers

Lululemon stock stretches higher but SentinelOne plummets by a third, and other big movers

Here are some of the biggest movers in premarket trading Friday: Stock gainers: MongoDB Inc. shares MDB, +0.06% roared more than 25% higher in premarket trading Friday after the database-software company blew away expectations with its earnings and forecast delivered after Thursday’s closing bell. Shares of Lululemon Athletica Inc. LULU, -1.08% rallied nearly 15% after…

Stock futures higher with jobs data in focus after debt-ceiling hurdle cleared

Stock futures higher with jobs data in focus after debt-ceiling hurdle cleared

U.S. stock futures pointed to a higher open for Wall Street on Friday after a debt-ceiling bill cleared a final hurdle, and as investors turned their attention to jobs data that could help cement a pause in Federal Reserve interest-rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +0.34% rose 14.25 points, or…

Netflix shareholders reject executive pay packages in symbolic vote

Netflix shareholders reject executive pay packages in symbolic vote

In a largely symbolic vote, Netflix Inc. shareholders on Thursday rejected lucrative compensation packages for the streaming company’s top executives. Netflix’s NFLX, +2.00% board had unanimously recommended the pay packages, and can overrule the vote the next time it meets. The Writers Guild of America, whose members are striking over issues that include pay, had…

Senate passes debt-ceiling bill in 63-36 vote, sending it to Biden to get signed into law

Senate passes debt-ceiling bill in 63-36 vote, sending it to Biden to get signed into law

The U.S. Senate voted 63-36 in favor of a crucial debt-ceiling bill on Thursday night, sending the measure to President Joe Biden to be signed into law. The Fiscal Responsibility Act, which the Republican-run House of Representatives approved on Wednesday night in a 314-117 vote, raises the ceiling for federal borrowing and avoids a market-shaking…

Bilibili shares slip in Hong Kong amid growth concerns

Bilibili shares slip in Hong Kong amid growth concerns

Bilibili’s shares fell in early Asian trading Friday, as investors weighed tepid near-term growth prospects even as the company’s bottom line improved in its latest quarterly results. Bilibili’s Hong Kong-traded shares HK:9626 were 3.3% lower at HK$120.00, bucking a rally in tech stocks in the Asian financial hub. The Hang Seng Tech Index was up…

Opinion: America’s latest pullback from the debt-ceiling cliff won’t be its last

Opinion: America’s latest pullback from the debt-ceiling cliff won’t be its last

With Congress raising the debt-ceiling and both sides of the aisle grumbling about the outcome, the debate over the mechanics of paying for the U.S. government’s obligations and the close call with default now fades back into obscurity. Until the next time. Assuming Congress won’t do away with the debt ceiling and push all spending…

Americans expect inflation to stay painfully high. That’s good news for stocks.

Americans expect inflation to stay painfully high. That’s good news for stocks.

Headline inflation may have come down over the past year, but consumers’ expectations about future inflation have not. In fact, five-year expected inflation has been inching up rather than down in recent months, according to the University of Michigan consumer survey. The median expectation is that inflation will run at a 3.1% annualized pace over…

SentinelOne stock plummets more than 30% as annual guidance slashed, layoffs planned

SentinelOne stock plummets more than 30% as annual guidance slashed, layoffs planned

SentinelOne Inc. shares dove more than 30% in after-hours trading Thursday, after the security-software company missed expectations with its financial results and executives slashed their annual guidance while planning layoffs. SentinelOne S reported a loss of $106.9 million, or 37 cents a share, on sales of $133.4 million, up from $78.3 million a year ago….

Crypto helps fund fentanyl trade, says Sen. Elizabeth Warren, calling for strict regulation

Crypto helps fund fentanyl trade, says Sen. Elizabeth Warren, calling for strict regulation

In a U.S. Senate Banking Committee hearing on Wednesday, Senator Elizabeth Warren brought up the use of crypto to fund trade in the opioid fentanyl between China and the United States. “Fentanyl is among the leading causes of death among Americans 18 to 45,” said Warren. “China is the leading supplier of chemical ingredients called…

A record number of homes are being built to rent. Does this hurt house hunters?

A record number of homes are being built to rent. Does this hurt house hunters?

As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known…

Gold prices climb after U.S. House passes debt ceiling bill and as traders digest jobs data

Gold prices climb after U.S. House passes debt ceiling bill and as traders digest jobs data

Gold prices rose for a third day on Thursday after the U.S. House voted on a debt ceiling bill late Wednesday with investors looking ahead to monthly labor market data due Friday. Price action Market drivers The U.S. House of Representatives voted 314-117 in favor of raising the federal debt-ceiling on Wednesday night, keeping Washington on…

Meta threatens to block news stories in California if journalism bill passes

Meta threatens to block news stories in California if journalism bill passes

Facebook and Instagram parent Meta Platforms Inc. on Wednesday threated to block users in California from sharing news articles if lawmakers in its home state pass legislation requiring some tech companies to pay news publishers. The California Journalism Preservation Act, which is up for a vote in the state Assembly on Thursday, would require social-media…

How pay transparency laws affect small businesses

How pay transparency laws affect small businesses

This is reprinted by permission from .  Eight states have adopted pay transparency laws, including California and New York, with several more considering legislation. Much of the buzz around these laws has been regarding large corporations and their employees, but how do small businesses fit into the picture? Here’s what you need to know. Who must…