What to watch in the markets: Friday, July 6
Myles Mudland has the look ahead at what will be making headlines on Friday, July 6.
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When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
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Motley FoolTesla Has a New Model. It Should Boost Sales.
Tesla has adjusted its model lineup in a bid to boost sales of its most popular vehicle. The new version is more attractive than the old—and looks like a good deal—while tax credits continue to skew value in the U.S. electric-vehicle market. Over the weekend, Tesla added a long-range rear-wheel drive Model Y to its website that gets about 320 miles of range per charge.
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The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Tesla, whose shares were up about 1%, did not immediately respond to a Reuters request for comment. Tesla disclosed last month that it expects to book more than $350 million in costs in the second quarter for the mass layoffs.
ReutersMedical Properties Trust Stock Falls After Hospital Tenant Files for Bankruptcy
Shares of Medical Properties Trust are tumbling after the hospital landlord's biggest tenant filed for chapter 11 bankruptcy protection. + Steward had been kept afloat by a surprisingly deep relationship with Medical Properties Trust, which owns 10% of the company and has funneled billions of dollars into Steward and its real estate. + Steward said it is working to finalize a loan of up to $300 million from MPT to keep running its hospitals.
The Wall Street Journal