Bill Ackman sees the Fed moving rapidly on interest rate cuts
The billionaire investor expects the Federal Reserve to have to cut interest rates early and often in 2024.
FAA says it will audit Boeing’s production line after 737 Max 9 accident
The FAA’s announcement comes a week after a door plug blew out on an Alaska Airlines 737 Max 9.
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.
Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast
Delta is the first of the major U.S. carriers to report earnings this period.
Tesla raising factory worker pay in U.S. following UAW victories in Detroit
Tesla is increasing pay this month for many of its factory workers across the U.S., a move that comes after the UAW secured big wins against major automakers
Apple says longtime directors Al Gore and James Bell are retiring from the board
Two longtime Apple board members will retire in February, the company said on Thursday.
Apple’s Vision Pro headset could sell out quickly at launch, top analyst predicts
The prediction from one of the top Apple supply chain analysts underscores how unusual and limited the launch of Apple’s next major product line could be.
CVS to close ‘select’ pharmacies in Target stores in the coming months
The CVS pharmacy closures in Target stores will begin in February and finish by the end of April, a spokesperson said.
GOP presidential candidates agree: Student loan borrowers shouldn’t get forgiveness
The five major GOP presidential candidates still in the race all oppose student loan forgiveness.
RBC sees a ‘risk-on’ attitude boosting internet stocks. Here are its top picks for 2024
The firm thinks internet stocks in the digital advertising space will outperform this year.
