Dow Jones ends lower as investors await Powell testimony
U.S. stocks ended lower on Monday, pausing a rally after the S&P 500 logged its 16th winning week out of the last 18 and investors awaited a busy week that features congressional testimony by Federal Reserve Chair Jerome Powell and all-important jobs data. What happened The Dow Jones Industrial Average DJIA closed 0.3% lower, according […]
American Airlines orders hundreds of planes from Boeing, Airbus, Embraer
American Airlines flight 718, a Boeing 737 Max, takes of from Miami International Airport on its way to New York on December 29, 2020 in Miami, Florida. Joe Raedle | Getty Images American Airlines said Monday it is ordering 260 new narrow-body jets, including dozens of Boeing’s long-delayed 737 Max 10. The order includes 85 […]
Super Micro’s stock is a clear ‘AI winner,’ but here’s why Goldman is cautious
Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock. With the shares up nearly 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated coverage of Super Micro’s stock SMCI, +24.61% with a neutral […]
JetBlue-Spirit Airlines merger called off
A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of […]
Traders will be looking for subtle signs of shift at ECB meeting
Christine Lagarde is expected to give little away at the European Central Bank’s upcoming monetary policy meeting in Frankfurt this Thursday meaning markets will be left looking for subtle signs of the bank’s intentions as investors are increasingly pricing in cuts for June. The bank will almost certainly keep interest rates unchanged at 4%, having […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
Investor group raises Macy’s buyout bid by nearly $1 billion
Arkhouse Management and Brigade Capital are raising their offer to buy Macy’s by almost $1 billion, in hopes of taking the department-store chain private. In a statement Sunday, the investor group said it was increasing its bid to acquire Macy’s M, +3.27% to $24 a share, or about $6.6 billion, up from a bid of […]
Stock rally, rate-cut forecasts get tested by Powell’s testimony and jobs report
A four-month-long U.S. stock market rally, partly fueled by investors’ expectations for interest rate cuts in 2024 by the Federal Reserve, faces a test posed by pair of big events in the week ahead. The first is Federal Reserve Chairman Jerome Powell’s semiannual testimony to Congress on Wednesday and Thursday, followed by Friday’s official jobs […]
Legion M taps fans, investors to make movies
William Shatner attends the William Shatner handprint ceremony hosted by Legion M during 2022 Comic-Con International: San Diego at Theatre Box on July 21, 2022 in San Diego, California. Emma Mcintyre | Getty Images When Paul Scanlan and Jeff Annison first dreamed up their production studio, Legion M, they set out to build not just […]
