Top Story
Streaming bundles are back, and better than ever
Media companies are teaming up and offering better streaming bundles in an effort to attract new subscribers and curb cancellations.
US stocks were mixed on Monday after an increase in inflation expectations
• In April, consumer inflation expectations for 2024 rose 3.3% to the highest level since November, signaling growing concern that the Federal Reserve will have a harder time returning inflation to its 2% target.
• U.S. EV makers including Tesla, Rivian, and Lucid all traded higher Monday after the Wall Street Journal reported that the Biden administration is preparing to raise tariffs on Chinese EVs by 25% to 100%.
• Gamestop saw its stock soar 74.4% after pseudonymous trader “Roaring Kitty” — considered by many to have incited the stock’s 2021 short squeeze — posted online for the first time in three years. Other so-called “meme stocks” including AMC and Reddit also rallied.
What to be on the lookout for today
• The producer price index and the NFIB small business optimism index for April.
• We’ll also get a speech from Fed Chairman Jerome Powell.
• In earnings, Home Depot, Alibaba, Sony, and Rumble will report.
Investing in Treasuries to diversify your investments
Nobody has a crystal ball at home, showing them when and where the market will move. That’s why portfolio diversification is so important.
There are several different strategies when it comes to diversification and many asset classes to choose from.
Fixed-income strategies
Bonds, or fixed income assets, can help diversify your portfolio, especially if you stuck to the stock market when you built it. Bonds earn a fixed income in the form of interest, and some, such as government securities, may be less volatile than certain stocks. This is how diversifying can help offset some of the risk that comes with stock investing.
The Treasury Department issues different types of debt: Treasury bills, notes, bonds, and inflation-protected securities (TIPS).
Treasury bonds are long-term loans made to the government that generally offer the highest interest rate for investors. Treasury notes are similar but have a maturity of 10 years or less.
T-bills are shorter-term debt obligations that mature in a year or less, and TIPS are bonds that are indexed to inflation.
Today’s top stories
Americans are tackling fewer home renovation projectsNew data shows that the pandemic-era trend of splurging on home makeovers may be behind us. What does this mean for the remodeling market?
Read more >> Looking for work? Tips for navigating today’s job market.Hiring pools are more competitive than they’ve ever been. Here’s how you can set yourself up for success.
Read more >> 15 ways to cut costs this summerSaving money starts with cutting back on spending. Consider putting some of these purchases on hold to build your stash.
Read more >>Other news that caught our eye
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A federal judge blocked the White House rule limiting credit card late fees. The rule would’ve prohibited companies from charging more than $8 in late fees. Fees currently average about $32.
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Some couples use project-management software like Notion, Slack, and Trello to manage relationships, tracking to-do lists, memories, love languages, and more.
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Fast-casual restaurants like Chipotle, Sweetgreen, and Wingstop reported strong first-quarter earnings, bucking the consumer slowdown seen at other fast-food chains.
Financial planner tip of the day
“When budgeting for a remodel, it can be helpful to have a dedicated fund for renovation expenses. This can help you streamline your savings approach and portion of the appropriate amount of money so you’re prepared.”
Brian Walsh, CFP® at SoFi