Megacap dominance today is more similar to the dot-com bubble than investors realize, warns JPMorgan
The Wall Street firm said the level of concentration in the U.S. equity markets is a key 2024 concern.
Starbucks’ earnings report was weak — but Wall Street expected worse
Starbucks executives said the challenges faced by the company are “transitory.”
GSK posts blowout RSV vaccine sales, raises outlook as shots give big pharma a boost
The RSV shot, called Arexvy, booked £1.2 billion, or $1.5 billion, in sales after only being on the market for roughly half a year.
Starlab, meet Starship: Private space station buys SpaceX launch for later this decade
SpaceX signed a deal with Starlab, the private space station joint venture of Voyager and Airbus, to launch on Starship.
Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports
Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December.
To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
Hollywood studios may release more mid-budget films in theaters as Wall Street pushes for profitability not subscriber growth.
Weekly mortgage demand drops as buyers struggle to find affordable homes
After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes.
Meta’s Zuckerberg apologizes to victims in tense D.C. hearing: ‘I’m sorry for everything you’ve gone through’
Meta has been hit with a number of lawsuits in recent months over the well-being of children on its apps like Facebook and Instagram.
Boeing holds off on 2024 guidance as CEO says ‘we caused’ 737 Max 9 midair blowout
Boeing did not provide a 2024 outlook, weeks after a fuselage panel blew out midflight on a nearly new 737 Max 9 on Jan. 5.
Highlights of Tesla CEO Elon Musk’s court ruling: Mars, Frankenstein, a self-driving car pun
A Delaware judge voided the $56 billion pay package Tesla gave Elon Musk, CEO of the electric automaker, after finding the company failed to show it was fair.
