Top Financial News provided by CBS Marketwatch©

• NYC bar uses prediction markets to hedge against a new financial risk: A Knicks victory
  Wall Street investors use financial derivatives to hedge against shifts in interest rates and exchange rates. Farmers use them to lock in the price of their crops. Now, one New York City bar is using Kalshi, a CFTC-regulated prediction-markets platform, to hedge against another kind of risk.
• This space stock is rising as Blue Origin predicts quick recovery from big explosion
  Blue Origin says it should be able to launch its New Glenn rocket before the end of 2026, which could help AST SpaceMobile.
• My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?
  “I’m confident that I will never exceed the lifetime gift-tax exemption.”
• Job openings leap to a 2-year high — but there’s a big catch
  The number of U.S. job openings jumped to a two-year high of 7.6 million in April, a surprising increase that suggest businesses might be ready to hire more people after big slowdown in job creation last year.
• ‘It will not bring you happiness’: I have advice for your single, childless 62-year-old multimillionaire reader
  “Go to Walmart and pay off someone’s layaway account.”
• Wall Street’s AI stock-picking secrets aren’t coming to your portfolio
  Retail robo-advisors excel at tax-loss harvesting and portfolio discipline, but market-beating returns aren’t part of the package.
• I spent months waiting for the perfect job after college. It’s one of my biggest regrets.
  How to stop “doomjobbing” while you’re looking for work.
• Why the most important company enabling AI isn’t Nvidia, according to this fund manager
  Portfolio manager Jonathan Cofsky talks about where to find the winners in the AI landscape and one company that is beating all comers.
• ‘I have no preexisting conditions’: I’m 56, earn $198,000 and want to retire early. Can I afford private healthcare?
  “I’m trying to figure out whether it’s worth my while achieving FIRE.”
• Silicon Valley was built on public money — now it’s fighting California’s billionaire tax
  “Cyberselfish” author says tech elite believe that taxes are for “little people.”

Wall Street Journal Market News©

• Stocks Sink in Broad AI Rout Sparked by China's DeepSeek
  U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.
• Comex Gold, Silver Settle Lower
  Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
• DeepSeek Won't Sink U.S. AI Titans
  Panic fueling the selloff of Nvidia, Broadcom and other tech giants is overblown.
• Financial Services Roundup: Market Talk
  Gain insight on Experian, SoFi Technologies and more in the latest Market Talks covering Financial Services.
• Arabica Coffee Prices Hit Record on U.S., Colombia Tariff Spat
  Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.
• Swiss franc, Japanese yen Rise as DeepSeek News Boosts Safe Havens
  The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
• Natural Gas Falls on Shifting Weather Forecasts
  U.S. natural gas futures fell after weekend updates took some of the chill out of early February weather forecasts.
• Building-Products Distributor QXO Launches Hostile Bid for Beacon
  QXO is taking its offer directly to shareholders after being rebuffed on several occasions.
• Natural-Gas Firm Diversified Energy Strikes Deal for Permian Basin Player
  Maverick Natural Resources has operations in Texas and Oklahoma.
• What's New This Tax Season That Can Save You Money
  There are some new wrinkles, especially for those who sell things online or bought an EV.
• Chinese Investors With Few Options Turn to Dividends
  Companies with good payouts are now the hottest bet in China markets.
• U.S. Treasury Yields Fall But Direction for Long-End Yields Still Seen Upward
  The 10-year U.S. Treasury yield fell and ING said the the long end of the Treasury curve will continue trading at higher yields even as Trump hasn’t delivered anything to shock markets so far.
• Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
  Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
• The Extra Reward for Owning Stocks Over Bonds Has Disappeared
  There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains.
• Heard on the Street's Stock-Picking Series
  Check out the stocks Heard on the Street writers favor in their eighth annual stock-picking contest.
• What Will It Take for Home Buyers to Start Asking for a Disaster Discount?
  The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
• Now Wanted in Silicon Valley: Ho-Hum Businesses With Thin Profit Margins
  Venture-capital firms are bringing AI and dealmaking to accounting, property management and other unglamorous fields.
• In China, a Cat-and-Mouse Game to Rein In Crypto
  Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
• One House, Three Owners: The Ballooning Cost of the American Dream
  The story of home affordability in the U.S. told from a single front porch.
• Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives
  The president has told Bank of America and JPMorgan Chase to stop cutting conservatives off from doing business.