Mark Zuckerberg sold $428 million of Meta stock in the last two months of 2023
Mark Zuckerberg cashed in on his company’s 2023 stock rally in a big way — selling nearly $428 million worth of shares in Meta Platforms Inc. over the final two months of the year. The Meta META, -0.53% co-founder and chief executive offloaded just under 1.8 million shares over the course of every trading day […]
Ford F-150 Lightning EV price adjustments
The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an […]
Best-selling personal finance author says he’s more than $1 billion in debt
A bestselling personal finance author and entrepreneur admits that he has more than $1 billion in debt — and he doesn’t think that’s a bad thing. “If I go bust, the bank goes bust,” said “Rich Dad, Poor Dad” author Robert Kiyosaki in a Nov. 30 Instagram reel. “Not my problem.” That’s because his debt […]
GM’s 2023 U.S. vehicle sales were its best since 2019
The 2024 Buick Envista. GM DETROIT — General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019, prior to the effects of the Covid-19 pandemic and yearslong supply chain problems. The Detroit automaker on Wednesday reported sales of roughly 2.6 million vehicles in 2023, including 625,176 cars and […]
Treasury yields move higher as traders rein in rate-cut optimism ahead of Fed minutes
U.S. government-debt yields remained higher Wednesday morning as reduced expectations for a Federal Reserve rate cut in March overshadowed data on manufacturing and job openings. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y advanced 1.3 basis points to 4.341%, from 4.328% on Tuesday. The yield on the 10-year Treasury BX:TMUBMUSD10Y rose 3.5 basis points […]
These 3 flashpoints could spark wider Middle East war that markets can’t ignore
Oil traders are, for now, looking past rising tensions in the Red Sea. But that may not last, a top Wall Street commodities analyst warned in a note Tuesday. Iran’s decision to send a warship into the Red Sea only briefly alarmed oil traders Tuesday, with crude prices soon dipping back into negative territory after […]
Fisher Investments denies WSJ report that it’s in sale talks
Money-management firm Fisher Investments late Tuesday denied a report that it’s in sale talks with private-equity firm Advent International. The Wall Street Journal, citing sources familiar with the matter, reported Tuesday that acquisition talks were underway. No further details were revealed, and the Journal reported that it’s possible no deal will be made, or that […]
Maersk Red Sea pause shows Operation Prosperity Guardian limits
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images) Anadolu | Getty Images The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks by Iranian-backed Houthi […]
What’s ahead for franchises, theaters
Timothee Chalamet stars in Warner Bros.’ “Dune.” Warner Bros. Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they’ll have to do some heavy lifting. The March 1 release of “Dune: Part Two,” the delayed and much-anticipated follow-up to Denis Villeneuve’s 2021 science fiction epic is expected to attract hordes of […]
BrightSpring Health Services files for IPO
BrightSpring Health Services has filed for an initial public offering. The home and community-based healthcare services platform didn’t provide details Tuesday on how many shares it would offer, pricing, or estimated net proceeds in its regulatory filing. BrightSpring applied to have its common stock list on the Nasdaq Global Select Market under the ticker BTSG.
