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These 20 stocks in the S&P 500 are expected to soar after rising interest rates have pushed down valuations

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‘Just like in 1987.’ Here’s what could deliver a ‘devastating blow’ to stocks, says SocGen strategist Albert Edwards.

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Social Security’s big day: COLA to be announced Oct. 12

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Spent $17,000 on the gold Apple Watch? Here’s how much more money you’d have now if you bought Apple stock instead.

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Job openings jump to 9.6 million. The labor market is cooling off, but slowly.

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Supreme Court case on CFPB funding could have wider ramifications for mortgage borrowers



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Guardian Pharmacy Services files for IPO

Guardian Pharmacy Services Inc., a company that helps residents of assisted living facilities and group homes stick to their medication plans, filed for an initial public offering on Tuesday. The Atlanta-based company hopes to trade on the New York Stock Exchange under the ticker symbol “GRDN.” Stephens, Raymond James and Truist Securities were the underwriters. The company’s filing didn’t include details on the number or expected price of shares to be offered. Guardian Pharmacy’s 43 pharmacies served around 156,000 residents in some 5,800 long-term health care facilities in the U.S. during the first half of this year. “We believe we are the only company in our industry of national scale and purpose-built to serve the individual needs of assisted living, behavioral health and group home residents,” Chief Executive Fred Burke said in a letter to potential investors. “In a large and fragmented market, we think we are positioned with a compelling opportunity for continued growth.” The company had $908.9 million in revenue last year, with net income of $49.7 million.

Silicon Valley residents say region is on ‘wrong track,’ half consider leaving in five years: poll

Most Silicon Valley residents, unhappy with housing costs and homelessness, think the region is on the “wrong track” and are considering moving within five years, according to a new survey. The findings from the 2023 Silicon Valley Poll, released Tuesday, are based on a poll of 1,951 adults in the San Francisco Bay Area, who are also upset with the state of the Bay Area’s downtowns, and the unequal distribution of wealth. Nearly seven in 10 said the area is going in the wrong direction, and nearly half say they lack financial stability. Though residents feel compassion for the homeless, they say they are losing patience with tents in public parks and RVs parked on streets.