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- Page 23
Market News
Apple's $17B rescue
Apple plans rescue for $17 billion watch business facing ban, Adobe and Figma call off $20 billion acquisition, Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction, antitrust regulators issue new merger rules amid crackdown, and Nikola founder sentenced to four years in prison for fraud…
Irrational optimism?
Fed is sparking irrational market optimism former FDIC Chair warns, gold prices soar to record highs, Teamsters authorize strike at Budweiser, A-Rod’s Slam SPAC plans merger with Lynk Global, and Bezos talks plans for a trillion people to live in huge space stations…
Blackstone goes Swifty
Wall Street cheered best Fed day since 2009, Intel unveils Mortgage rates slide <7% for first time since August, Intel unveils new AI chip to compete, Disney prepares for battle as activist Peltz seeks two board seats, and Blackstone goes all-in on Taylor Swift fandom with holiday video…
Rate cuts coming
Fed holds rates and indicates three cuts coming in 2024, Dow closes above 37,000 for the first time, Tesla recalls nearly all vehicles to boost autopilot safeguards, Etsy lays off 11% of its staff, and OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT…
Crunch week
Crunch week puts rate-cut expectations to the test, Goldman reshuffles private credit in bid to double assets, why CZ, Dalio and Lisin are flocking to Abu Dhabi, Wells Fargo, other banks caught in probe over mortgage pricing discrimination, and TikTok becomes first non-game app to reach $10B in consumer spending…
Market clings to jobs report
Alphabet soars as Wall Street cheers arrival of Gemini, Spotify’s CFO is stepping down, Amazon testing monthly unlimited grocery subscription, JPMorgan's Kolanovic says opt for cash over stocks, and Salesforce signals end of the Golden Age of cushy tech jobs…
'Gemini' unleashed
Google launches Gemini — its ‘most capable’ AI model, Wall St. bank bosses warn Congress new rules risk of hurting economy, Biden forgives nearly $5B in student loans, Musk's SpaceX valued at $175 billion, and McDonald’s unveils its answer to Starbucks with ‘CosMc’s'...