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  • Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking
    Business
    Bloomberg

    Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking

    (Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br

  • Zombie Stocks Defy Bankruptcy Logic as Meme Traders Bid Them Up
    Business
    Bloomberg

    Zombie Stocks Defy Bankruptcy Logic as Meme Traders Bid Them Up

    (Bloomberg) -- It’s looking more and more like corporate-finance textbooks need a chapter on memes.Being on the brink of bankruptcy no longer seems to matter much in the U.S. stock market. While that might sound like the beginning of a cautionary tale about the state of investing in 2021, the reality is far stranger. Redditors have bid up shares of AMC Entertainment Holdings Inc. and GameStop Corp. so much that it’s saved them -- for now, at least -- from deep trouble.They’re not the only troubl

  • A bonus stimulus check may be on the way, thanks to your tax return
    Business
    MoneyWise

    A bonus stimulus check may be on the way, thanks to your tax return

    The IRS just sent out millions more payments. Will you get one?

  • Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare
    Business
    MarketWatch

    Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare

    Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.