Wednesday,
June 5, 2024
Market recap
Dow Jones
38,711.29
+140.26 (+0.36%)
S&P 500
5,291.34
+7.94 (+0.15%)
Nasdaq
16,857.05
+28.38 (+0.17%)
Top Story
Breakfast ambush: Why OJ drinkers are feeling the squeeze
Orange juice prices are surging as the world’s biggest producers battle an ongoing supply crisis.
US stocks rose slightly on Tuesday
• Weaker-than-expected job openings data suggested the U.S. labor market may be softening. April job openings fell to their lowest level since February 2021.
• Elsewhere in markets, bitcoin pushed back above $70,000.
What to be on the lookout for today
• An update on the services sector in May from the ISM. We’ll also get a look at private sector payrolls in May, ahead of the government’s jobs report at the end of the week, as well as the weekly 30-year mortgage rate.
• In earnings, retailers Dollar Tree, Five Below, Land's End, and lululemon will report.
Love, marriage, and money talks
To combine or not to combine finances… that is the question.
Actually, there are a lot of questions when it comes to talking about money with a partner. Money issues can be a major strain on a relationship. So if you’re planning to say “I do” any time soon, practice having open and honest financial conversations.
Here are a few questions to help you get started:
• How do you make money decisions now?
• What are your money values?
• How do you feel about investing?
• And what are your financial goals in the medium and long term?
Marrying finances
Create a financial plan. After establishing what your individual financial goals are, talk about what you want to achieve as a household. It might take compromise and discipline to get there, but having a clear goal can help you.
Handling finances as a couple. There are different approaches to handling finances with a partner, so talk about your expectations and preferences. Do you want to keep separate checking accounts, add a joint account for household expenses, or merge everything into one.
Saving for the future. You and your partner may have different approaches to taking financial risks. Talk about how you want to approach investing as a household so you can both feel comfortable.
Today’s top stories
Do you use your phone or laptop to shop?Retailers want you to use your mobile device, knowing full well that you’re more likely to make impulse buying decisions that way.
Read more >> 2024 airfares are ready for takeoffYour next plane ticket may be pricier than you expect, thanks to these factors.
Read more >> What is a short squeeze and why do you need to know?With meme stock GameStop back in the headlines, let’s revisit the short squeeze that first got the company into the news. And what is a short squeeze anyway?
Read more >>Other news that caught our eye
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The Small Business Administration plans to roll out new government-backed credit lines of up to $5 million for small businesses.
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A Tesla shareholder has filed a lawsuit against CEO Elon Musk and the company’s board over Musk’s sale of $7.5 billion in shares in late 2022, alleging it was based on inside information.
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Paramount will cut jobs and explore joint ventures with other streaming platforms if its proposed $8 billion merger with Skydance Media falls through.
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Soda brand Poppi is facing a class-action lawsuit alleging its products don’t improve gut health as advertised.
Financial planner tip of the day
“If you’re looking to pay off your debt faster, it’s a good idea to take a look at your spending and income, find some ways to reduce your non essential spending, and then funnel any money you free up towards your debt repayment plan.”
Brian Walsh, CFP® at SoFi