Good morning, readers. I'm Max Adams, senior markets editor. Today we're bringing you the latest updates on housing, Russia's currency moves, and the outlook for tech stocks.
Let's get into it.
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1. The housing market isn't getting any more affordable. It's so expensive right now that over 75% of homes are too pricey for middle-income buyers, the National Association of Realtors said. $4.
2. US stock futures rise early Tuesday, as Wall Street looks ahead to May's consumer price index, out later today. $4.
3. Earnings on deck: Motorcar Parts of America, Helix Biopharma Corp., MamaMancini's Holdings, $4.
4. Goldman Sachs analyzed 1,246 hedge and mutual funds. All together they have a combined $4.8 trillion in holdings — $4.
5. Russia is ramping up sales of Chinese yuan from its wealth fund. The warring nation is starting to see oil and gas revenues decline. $4
6. Tech stocks are in the midst of a "1995 moment." Wedbush's Dan Ives expects the sector to rise as much as 12% in the second half of this year. $4.
7. North Korean hackers have swindled $3 billion in crypto over the last five years. They've done that by masquerading as recruiters, IT workers, and government officials. $4.
8. A housing economist explained which cities are going to see the highest home-price increases in the next year. While some areas look like they'll see falling prices, others could climb. $4.
9. Meet a 34-year-old financially independent real-estate investor. He used a home equity loan to afford his first Airbnb — $4.
10. Tesla shares are on pace for their longest winning streak ever. Elon Musk must be happy to see that his EV company's stock clocked its 12th straight gain on Monday. But it's no accident — $4.
Curated by Max Adams in New York. Feedback or tips? Tweet (@maxradams>$4) or email madams@insider.com
Edited by Hallam Bullock (@hallam_bullock>$4) in London.