S&P 500 may rise to 5,100 by end of 2024 as U.S. stock-market rally broadens, Citi says
The S&P 500 index may climb to 5,100 by the end of next year in a broadening of the U.S. stock market’s rally, according to equity analysts at Citigroup. Citi’s price target for the end of 2024 is premised on its estimate that the S&P 500’s earnings per share will increase to $245, equity analysts […]
Starbucks tells union it wants to resume contract talks in January
Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle in Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks said it wants to resume contract talks with the union representing its baristas, starting in January. Saturday marks the two-year anniversary of the first unionization of […]
Automakers turn to hybrids in the middle of the EV transition
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties […]
‘We went through all of my 401(k) investments’: I lost my job, then my home. Do I have any claim to my wife’s $200,000 inheritance?
Dear Quentin, My wife and I have been married for over 30 years. Throughout the years, we relied mainly on my income. My wife worked occasionally, but mainly raised the children. We started to struggle financially when I was laid off. We went through all of my 401(k) investments. I lost my home through a […]
Paramount PARA shares jump after reports of takeover interest
The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares closed up more than 12% Friday. The company has a […]
Wheat futures mark first daily loss in 9 sessions as USDA lifts global production forecast
Wheat futures declined on Friday, marking their first daily loss in nine sessions, while soybean futures ended lower after a monthly supply-and-demand report from the U.S. Department of Agriculture. The government agency raised its forecast for global wheat production by about 1 million metric tons to 783.01 million for the 2023-24 marketing year. While there […]
First CRISPR gene-editing treatment approved in U.S.
The U.S. Food and Drug Administration on Friday approved the country’s first gene-editing treatment, Casgevy, for use in patients with sickle cell disease. The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement. Yet reaching the tens of thousands of people who could benefit […]
Honeywell to buy security unit of Carrier for $4.95 billion
Carrier Global Corp.’s stock was up by 5.4% in premarket trading on Friday after it confirmed plans to sell its 1,200-employee security unit to Honeywell International Inc. for $4.95 billion. Carrier CARR, +6.79% said it plans to use $4 billion of the sale proceeds to pay down debt. The company said it now expects to […]
2023 was least affordable homebuying year: Redfin
A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report from real estate company Redfin. In 2023, someone making the […]
Dollar General tries to drive a turnaround after safety violations
Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter’s plans to try to turn around both the company’s performance and its public relations problems. He said the […]
