Fed holds rates steady, says more confidence needed in inflation slowdown
NEW YORK (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them…
Month: January 2024
Biogen drops Alzheimer’s drug Aduhelm, ending a 17-year chapter
(Reuters) -Biogen will end a post-approval study of Alzheimer’s treatment Aduhelm and return the licensing rights on the drug after…
Analysis-Megacap stocks keep lifting US market, but worries over their dominance grow
By Lewis Krauskopf NEW YORK (Reuters) -Earnings reports this week from five of the so-called Magnificent Seven stocks are putting…
New US ETF targets ‘Magnificent Seven’ mega-cap technology stocks
By Suzanne McGee (Reuters) – Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit…
Peltz’s plan to fix Disney includes bundling ESPN+ with Netflix – Bloomberg News
(Reuters) – Activist investor Nelson Peltz believes Walt Disney can achieve profitability in streaming by bundling its ESPN+ online service…
JetBlue eyes deeper cuts as costs rise and revenues fall
By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -JetBlue Airways said on Tuesday it was evaluating deeper cost cuts after…
GM shares jump as CEO Barra promises shareholders more cash
By Joseph White DETROIT (Reuters) -General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024…
Home prices kept rising in November – FHFA
By Amina Niasse NEW YORK (Reuters) – U.S. home prices rose in November at the swiftest annual rate in 11…
US bank regulator to boost transparency of merger reviews
By Pete Schroeder WASHINGTON (Reuters) -A top U.S. bank regulator on Monday proposed new regulations for bank mergers and acquisitions…
American Airlines is sued for seizing cardholders’ frequent flier miles
By Jonathan Stempel (Reuters) – American Airlines was sued on Monday in a proposed class action by two customers who…