Move over, ‘Big Tech’ — this strategist says ‘old economy’ industrial and energy names will win in 2024
Strategist Larry Tentarelli sees undervalued sectors likely outperforming this year, naming some nondigital stocks among his top picks.
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
UBS CEO says integrating Credit Suisse will become a ‘case study’ for future big bank mergers
“I hope one day those kinds of mergers between big banks will be allowed and we can contribute to that by showing that it’s possible,” Sergio Ermotti said.
Skydance’s unique offer for Paramount Global would give it a large stake while keeping the company public
The unusual transaction Skydance is offering Paramount Global isn’t ideal for shareholders, but it may be better than nothing.
Apple lays off over 600 California employees after shuttering car project
The job cuts at Apple mark the first significant round of layoffs since before the pandemic.
Amazon resumes construction on office tower in Seattle suburb after yearslong hiatus
Amazon is resuming construction on a 42-story office tower in the Seattle suburb of Bellevue after 22 floors of the building sat unfinished since 2022.
Biden suggests U.S. could condition military aid to Israel on its actions to address humanitarian crisis in Gaza
Biden told Israeli Prime Minister Benjamin Netanyahu in a call that U.S. policy on Gaza will be determined by Israel’s actions to address civilian harm, humanitarian suffering and the safety of aid workers.
No Labels ends 2024 presidential efforts
The group’s co-founder said that it was not able to identify “candidates with a credible path to winning the White House” on a third-party ticket.
Trump loses bid to dismiss Georgia election interference case on free speech grounds
Trump and 14 co-defendants argued that the indictment brought by DA Fani Willis violated their right to challenge Trump’s loss to President Joe Biden.
Borrowers need to act by April 30 to qualify for student loan forgiveness
There’s an opportunity to qualify for student loan forgiveness, but borrowers need to act by April 30, the Consumer Financial Protection Bureau says.
