Finance

Massive sinkhole still threatens Nicolas Cage’s $10.5 million Malibu mansion

Actor Nicolas Cage’s lavish Malibu mansion is facing a dramatic threat after a massive hole opened up where part of the property’s driveway once stood.

28 days ago

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Maya’s New Bukad Card Marks Its Full Shift to Recycled Plastic

Maya has launched the Bukad Card, a special-edition Visa-powered card featuring illustrations by Filipino artist Raxenne Maniquiz, according to Maya’s own deals page. The card takes its name from “bukadkad,” the Filipino word for a flower in full bloom, and its release marks May…

29 days ago

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MUFG Manila Upgrades to Universal Bank After 31 Years

MUFG Bank Ltd.’s Manila branch has secured a universal banking licence from the Bangko Sentral ng Pilipinas (BSP), according to Manila Bulletin. The upgrade lets the branch offer broader financial solutions to corporations and institutions, moving up from the commercial banking…

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Superama Shoppers in Cotabato City Can Now Pay Cashlessly With GCash

GCash has partnered with Superama, a homegrown supermarket chain with multiple branches in Cotabato City, to make everyday essentials more accessible for local families through cashless payments. Superama customers can now pay for groceries and daily needs using GCash instead of…

Fed rate hikes won’t bring down gas prices. Why the bond market is pushing for them anyway.

The 10-year Treasury yield is sitting on the doorstep of 5%, and that’s a warning sign for stocks.

Corporate profit forecasts are topping expectations to an unusual degree. AI is a big reason why.

The information-technology sector stands out when it comes to issuing upbeat earnings outlooks.

The price of almost everything on your dinner table is climbing at once — and Wall Street is taking notice

Rising crop prices are making the current inflation problem bigger than just oil and the Iran war.

Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year

Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public

30 days ago

Elon Musk backs Anthropic’s call to slow down AI progress before rogue bots take over the entire internet

Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.

‘I still don’t have my MRI’: My health insurer canceled my plan without warning. Is that legal?

“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.”

Marvell is sitting on an incredibly ‘sticky’ business that could help it unlock a $30 billion opportunity

Marvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking.

Why Dell and HPE were the S&P 500’s top-performing stocks today

Oracle’s earnings provided an upbeat read for hardware suppliers — but the Fed’s interest-rate moves could dictate just how much they continue benefitting.

The Houthis have opened a new front in the Middle East oil war that’s pushing up prices

A Red Sea crisis deepens as the Saudi East-West pipeline is shut down and the Houthis grab effective control of the strategic Bab al-Mandeb Strait.

Salesforce’s stock has been riding a wave of AI optimism. Here’s what Wall Street wants to see next.

Salesforce’s Dreamforce conference next week could offer a glimpse of how its recently announced Claudeforce partnership with Anthropic will play out.

Are AI-written resumes more likely to get you a job? The answer may surprise you.

Some job seekers could get an edge in this labor market by actually writing their own resumes.

The Fed could raise interest rates three times. Here’s where the market could face the stiffest test.

Economists note that the Fed historically has not been content to raise rates only once.

Tesla could transform the trucking business — and capitalize on high diesel prices

The EV maker aims to finally kick its long-awaited Semi truck into high gear — unlocking a potentially huge opportunity, according to Morgan Stanley.

This investment is safe from both Trump and the Democrats — and it pays 4.7%

There’s a safe haven hiding in plain sight.

Your Social Security check could go up another $71 next year. That’s not necessarily good news.

A higher COLA is a sign that persistent inflation isn’t going anywhere.

How rising bond yields can wreck some portfolios while pumping up others with cash

Also in Weekend Reads: Helping retirees get over their fear of spending, prenups, Walmart’s big move, and advice from the Moneyist.

Investors are all wrong about demography

A shrinking population doesn’t have to be the kiss of death.

Forget the Fed. The Bank of Japan could deliver next week’s market shock.

U.S. stock investors should look to the other side of the world for guidance next week.

I’m locked into a 10-year annuity and now I’m strapped for cash. What are my options?

A self-described “spender” is concerned about taxes.

I went to a dinner party, brought an appetizer and wine — and the host charged me $60. Should I cut ties with her?

“Am I right to think this is pretty cheap and rude?”

Anthropic’s safety-first image takes a hit ahead of its massive IPO: ‘AI could kill all humans.’

While concerns over AI safety are not likely to derail Anthropic’s IPO plans, experts expect more regulation and safety disclosures.

On my late husband’s birthday, I want to pay for every customer at his favorite restaurant. Is this a good idea?

“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.”

The four reasons stocks are about to embark on a ‘face-ripper rally’

Bull markets don’t peak when investors are so bearish, says Fundstrat’s Tom Lee.

Never mind the bond yields, Bank of America shows where the real threat to the economy lies

Diesel prices hit the real economy, says a Bank of America strategist who also offers an exchange-traded fund that has outperformed the market.

U.S. oil price dips below $100 while diesel passes $6, marking fresh record

Brent crude and West Texas Intermediate’s front-month contracts edged lower on reports of plans for diplomatic talks between Gulf states.

Oracle shares are climbing after results. What Wall Street analysts are saying now.

Oracle shares are climbing on Friday after the company delivered a solid quarter, but some analysts are still wary.