‘Mag 7’ becomes the ‘Lag 7’: Traders are wondering what’s wrong with the tech market leaders
Mega-cap tech stocks such as Apple suffered a sharp drop to kick off the new year.
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
The Federal Reserve on Wednesday released minutes from its Dec. 12-13 policy meeting.
State Capitol buildings evacuated after bomb threats
The state Capitol complexes in Georgia, Kentucky, Mississippi and Michigan were evacuated Wednesday after bomb threats were made, officials said.
Job openings nudged down in November, down to lowest in more than two years
The JOLTS report showed employment listings nudged lower to 8.79 million, about in line with the Dow Jones estimate for 8.8 million.
Mortgages, auto loans, credit cards: Expert predictions for interest rates in 2024
The Federal Reserve’s period of policy tightening appears to be over, opening the door to lower borrowing costs in the year ahead.
GM’s 2023 U.S. vehicle sales were its best since 2019
General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019.
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.
