Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
Boeing faces scrutiny in Senate hearings over aircraft safety and quality
A Boeing whistleblower testified in a hearing Wednesday about safety concerns related to two of the company’s aircraft.
Most doses of Eli Lilly’s Zepbound, Mounjaro in short supply through June, FDA says
The insatiable demand for weight loss and diabetes drugs is still trouncing supply, even as Eli Lilly and Novo Nordisk work to increase production capacity.
Amazon starts selling smart grocery carts to other retailers
The company has expanded Dash Carts in Fresh stores and Whole Foods locations as it has recently pulled back on its cashier-less checkout technology.
Biden administration releases formal proposal for new student loan forgiveness plan
The Biden administration released its new proposal to forgive student debt for millions of Americans. It hopes this plan will survive legal challenges.
Amazon cloud unit kills Snowmobile data transfer truck eight years after driving 18-wheeler onstage
Amazon Web Services says it has better and more cost-efficient ways to move data to the cloud than by using the semi truck it introduced in 2016.
A 4-day workweek could be coming as AI proliferates — and these companies could capitalize
Investors believe a four-day workweek could boost leisure-related stocks.
Eli Lilly’s weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials
The pharmaceutical giant plans to present the trial data at an upcoming medical conference and submit it to the Food and Drug Administration mid-year.
United Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.
Regional banks will dominate rest of earnings season this week. Here’s what analysts expect
What’s key for investors this earnings season is the impact elevated interest rates may have on regional banks’ net interest income.
