Markets

Morning News: July 1, 2022

6 minutes ago   |   Crossing Wall Street   |   2 articles

Russia Seizes Control of Sakhalin Gas Project, Raises Stakes with West Eurozone Inflation Hits Record in Boost for Big-Hike Calls Income and Spending Lag Behind Inflation, a...
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June ISM Manufacturing Falls to 53

6 minutes ago   |   Crossing Wall Street

The S&P 500 wrapped up its worst for half of a year since 1970. The market is down again today but not by much. This is another good day for the defensive sectors. Tech is down...
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Recession fears flare and June jobs report looms as jittery markets head into third quarter

22 minutes ago   |   CNBC   |   4 articles

Investors are greeting the third quarter with a greater fear of recession, and that makes data like Friday's jobs report a potentially bigger market catalyst.
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Crypto Minsky Moment Now Happening

1 hour ago   |   Forbes

It is the midpoint of 2022, and a crypto Minsky moment is underway.
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AnnieMac expands mid-Atlantic presence, acquires OVM Financial

1 hour ago   |   Inman

Rising mortgage rates are prompting some lenders to downsize to adapt to changing market conditions. But the market shift is also expected to drive mergers and acquisitions.
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Chip shortage keeps driving up auto prices, cutting sales

1 hour ago   |   Chron   |   2 articles

DETROIT - U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production...
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Sequoia Capital reportedly raising two funds, and despite slower VC environment, it's not alone

1 hour ago   |   Tech Crunch   |   2 articles

Venture capital investments may be slower, but that seems to be giving venture capital firms some time to go out and raise funds of their own. Sequoia Capital is the latest to...
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Deal volume in NYC luxury real estate market has tapered off tremendously, says top agent

2 hours ago   |   CNBC

Christopher Kromer, Brown Harris Stevens real estate broker, joins 'Power Lunch' to discuss Kromer's read on the NYC luxury real estate market, where rents are going from here...
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Chip shortage keeps driving up auto prices, cutting sales

2 hours ago   |   Chron   |   2 articles

DETROIT - U.S. new vehicle sales likely tumbled more than 20% in the second quarter compared with a year ago as the global semiconductor shortage continues to vex the...
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US stocks gain to kick of the 3rd quarter as bond yields fall on recession fears

2 hours ago   |   Business Insider   |   4 articles

Traders work on the floor of the New York Stock Exchange Spencer Platt/Getty Images US stocks kicked the third-quarter off with gains on Friday following the first half's worst...
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Amazon bars off-duty warehouse workers from its buildings

Amazon is barring off-duty warehouse workers from the company's facilities, a move organizers say can hamper union drives. Under the policy shared with workers on Amazon's... Read more ...

Biden offshore drilling proposal would allow up to 11 sales

NEW ORLEANS - The Biden administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years, scaling... Read more ...

The Malcolm Brogdon Trade Shows The Boston Celtics Are Willing To Put Their...

The Boston Celtics aren't worried about going over the luxury tax next season, they are entirely focused on winning a championship. Read more ...

July 2, 2022 Digital Edition 

The Digital Edition of Finance & Commerce is available to both print and online subscribers. Read more ...

Democrats are fuming over their leaders' 'tepid' response to Roe v. Wade's...

President Joe Biden speaks at the White House in Washington, Friday, June 24, 2022, after the Supreme Court overturned Roe v. Wade. Andrew Harnik/AP Photo The Supreme Court... Read more ...

Crypto Minsky Moment Now Happening

It is the midpoint of 2022, and a crypto Minsky moment is underway. Read more ...

Joe Joyce Vs. Christian Hammer: Odds, Records, Prediction

Here's everything you need to know about Joe Joyce as he resumes his career vs. Christian Hammer. Read more ...

Best trades on CNBC Friday: Pros lay out entry points in these tech and...

A recap of Friday's best stock picks on CNBC. Read more ...

AnnieMac expands mid-Atlantic presence, acquires OVM Financial

Rising mortgage rates are prompting some lenders to downsize to adapt to changing market conditions. But the market shift is also expected to drive mergers and acquisitions. Read more ...

Hindsight preview: This game wants you to share in its grief

Hindsight preview: This game wants you to share in its grief

Annapurna Interactive has revealed one of its upcoming adventure games: Hindsight, a story about grief, memories, and healing. Read more ...