Top Story
The childcare industry’s labor shortage is weighing on parents’ wallets
Since the pandemic, many service industries have seen sharp wage growth and rebounding employment levels. But childcare is the exception to the rule. What’s going on?
US stocks pushed higher on Friday after the latest jobs report
• Investors hope the latest jobs report, which included an increase in the unemployment rate to 4.1%, could help get the Federal Reserve comfortable with an interest rate cut in the near future.
• The S&P 500 and Nasdaq Composite both notched fresh record closes to end the week. Shares of social media giant Meta also rose to an all-time high.
What to be on the lookout for today
• Consumer inflation expectations for June.
Do you have a green thumb for investing?
You can go green in a lot of areas in your life from how you get around, to your groceries. But you can also go green when it comes to investing.
Green investing is a strategy that focuses on companies and projects with a positive environmental impact.
How to go green
You can find green investment opportunities across sectors and industries, including transportation and renewable energy.
Green stocks. You can look for companies that focus on eco-friendly technologies and products. There are also certified B Corporations that have met a high set of environmental sustainability standards in the business practices. This label can help consumers identify a business that matches their values.
Green ETFs and mutual funds. You may also opt for funds that allow you to invest in a basket of securities rather than a single one but still meet your green criteria.
Green bonds. If you are looking for fixed-income securities, there are green and climate bonds used to fund projects and business operations with a positive environmental impact.
As with all investments, make sure they fit your financial goals and risk tolerance, and do your research before investing.
Today’s top stories
Week Ahead on Wall Street: Inflation meets earningsWith key inflation data on the docket this week, investors and Fed watchers are keeping a keen eye if it will move the needle for the Fed. Here’s what to look out for. Plus, earnings season is starting!
Read more >> Inflation nation: why the grocery shopping game changed againOnline grocery shopping is more popular than ever. But it’s not laziness that’s making shoppers reach for their phones instead of the shopping bag.
Read more >> How to keep your AC costs down this summerThe summer heat can be a lot. If you work from home and worry about the electricity bills you’re racking up, you’re not alone. But there are ways to keep costs down.
Read more >>Other news that caught our eye
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Netflix is phasing out its basic plan. The streaming platform stopped offering its $11.99 plans to new subscribers last year and has now begun prompting existing subscribers to switch plans or lose service.
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NBC will use an AI-powered version of commentator Al Michaels's voice to announce daily recaps of the Summer Olympics.
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Private equity is eyeing womens’ sports, with some firms taking stakes in major league women’s soccer teams.
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New York Fed President John Williams put a damper on rate cut hopes Friday, saying the central bank still had “a way to go” toward its 2% target inflation rate.
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Delta only served pasta for in-flight meals on 75 different international flights this week after spoiled food on an Amsterdam-bound flight led to a diversion.
Financial planner tip of the day
“One strategy to approaching home additions is to create your dream list, then have alternate choices in mind if your budget, material availability, or other external factors create a need to alter the project down the road. For example, you may love the look of marble flooring, but its price point might be higher than you’d initially estimated — or perhaps it doesn’t blend in with the rest of your house once you’ve started laying out the plans. Having a back-up plan — and one that’s cost-efficient at that — could help keep your budget in check.”
Brian Walsh, CFP® at SoFi