Top Story
What do the new China tariffs mean for US EV prices?
New trade levies intended to protect the U.S. economy and grow domestic jobs, could lead to higher costs in the production of certain Tesla and Ford cars.
The S&P 500 and Nasdaq Composite climbed to fresh record highs Tuesday
• Shares of drugmaker Eli Lilly rose to a record high after its diabetes drug received approval from Chinese regulators. Pepsi announced more electric vehicles for its California fleet, boosting Tesla stock, and Peloton shares plummeted following the news that the company refinanced its debt.
• Fed Governor Christopher Waller said he doesn’t think additional interest rate hikes will be necessary, but would like to see several more months of positive inflation data before cutting rates.
What to be on the lookout for today
• The minutes from the latest Fed meeting. We’ll also get existing home sales for April and the weekly update to the 30-year mortgage rate.
• In earnings, NVIDIA and Target will report, along with e.l.f Beauty, Snowflake, TJX Companies, and Williams-Sonoma.
So you’re thinking about selling your home this summer
If you’re preparing to put a “for sale” sign up in your yard this summer, there are some steps you can take to get your home ready to sell fast and for top dollar.
Home prices have stayed high despite elevated mortgage rates, while the inventory of homes remains low in many parts of the country. While that’s tough news for buyers, it’s good news for home sellers.
Getting it sold
Find an agent. Finding the right real estate agent can help make the process less stressful. Ask for referrals and meet with agents before making a decision. You want to find an agent that is experienced working in your city and neighborhood and a selling strategy you’re comfortable with.
Know the comps. Getting the asking price right is important. List too high and you risk sitting on the market and having to cut your price. Look to see what comparable houses in your area have sold for recently to help determine your home’s market value.
Make strategic upgrades. Small changes can help boost your selling prices. Simple tasks like decluttering, cleaning, or fresh paint can help a space appear bigger and more welcoming to buyers. Similarly, sprucing up your curb appeal with new flowers and plants can help make a solid first impression.
Today’s top stories
Computer Science degrees are popular, but the tech job market has changed. What now?More and more students are picking computer science majors at college. But the tech industry has experienced mass layoffs, and AI is transforming certain jobs. Here’s what grads should keep in mind.
Read more >> How Red Lobster unraveledThe seafood restaurant chain just filed for bankruptcy protection. Is its $20 bottomless shrimp to blame, or is there more to the story?
Read more >> Can you sell a house with a mortgage?You sure can! But there are some things you should know beforehand.
Read more >>Other news that caught our eye
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Fast food chains are trying to tempt price-sensitive customers: Wendy’s announced a new $3 breakfast combo meal, following a similar move from McDonald’s.
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Peloton continues to try to turn a corner, refinancing its debt and gaining access to $1.4 billion in fresh credit.
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Former President Donald Trump’s Truth Social platform reported a loss of nearly $328 million in the first quarter.
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European summer travel is getting the “Swift bump.” United and Delta said demand for flights to European cities is spiking thanks to the international dates on Taylor Swift’s Eras Tour.
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Nestlé announced a new line of $5 frozen pizzas and enriched pastas specifically designed for users of weight-loss drugs in the U.S.
Financial planner tip of the day
"The first step to tackling high interest debt is understanding your overall debt load. List out all debt including balance, payment, and interest rate. Any debt with an interest rate greater than 7% is considered high, so separate those out and develop a plan to pay them down."
Brian Walsh, CFP® at SoFi