Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility
“We’re making real progress,” Barkin, a voting member this year on the rate-setting Federal Open Market Committee, said in prepared remarks.
Mortgage demand down 9.4% for final week of 2023, despite recent drop in interest rates
Total mortgage application volume was down 9.4% for the week ended Dec. 29, compared with two weeks earlier, according to the Mortgage Bankers Association.
Moderna stock pops after Oppenheimer says Covid shot maker could launch more products over next two years
The upgrade follows a dismal 2023 for Moderna, whose only commercially available product is its Covid shot.
Growing worry on Wall Street that the stock market is way ahead of itself as 2024 begins
Stocks are coming off a surprisingly strong year, but some investors are concerned that equities are starting to look overbought.
Rivian stock falls 10% on declining fourth-quarter EV deliveries
Rivian said it delivered 13,972 vehicles from October through December, down 10.2% from the third quarter of 2023 but in line with Wall Street’s expectations.
Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million
The EV company previously offered guidance that it would notch at least 1.8 million deliveries for the full year in 2023.
Reckitt Benckiser unit recalls possibly contaminated baby formula powder, FDA says
The company said that most, if not all, of the possibly contaminated product has already been consumed.
Beer drinking in America falls to the lowest level in a generation
The boycott of Bud Light was just one factor in a year of industry-wide declines.
How a conservative group’s videos gained a foothold in classrooms with help from Republican officials: Report
PragerU is known for its right-wing videos. Now, officials in four states have helped get a line of cartoons and education materials into public schools.
The economy in 2024: A soft landing is in sight, but not without some danger ahead
While the U.S. may avoid an actual recession in the year ahead, finding escape velocity is likely to still be difficult.
