How major US stock indexes fared Wednesday, 1/24/2024

How major US stock indexes fared Wednesday, 1/24/2024

Wall Street ended mixed after strong gains for Netflix and some influential technology stocks helped offset losses across much of the U.S. stock market. The S&P 500 edged up 0.1% Wednesday. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite added 0.4%. Stocks elsewhere around the world rose after China announced measures to…

Argentina’s president faces 1-day general strike as foes seek to derail his austerity agenda

Argentina’s president faces 1-day general strike as foes seek to derail his austerity agenda

BUENOS AIRES, Argentina — Argentina’s President Javier Milei faced a one-day general strike Wednesday protesting his decree targeting unions as well as his proposals for economic and labor law changes, showing that his opponents are wasting no time in trying to derail his austerity agenda. The biggest union, known by its acronym CGT, organized the…

FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

Federal regulators have approved an inspection process that will let airlines resume flying their Boeing 737 Max 9 jetliners, which have been grounded since a side panel blew out of a plane in midflight earlier this month. The head of the Federal Aviation Administration said Wednesday that his agency’s review of the scary incident on…

HP Enterprise discloses hack by suspected state-backed Russian hackers

HP Enterprise discloses hack by suspected state-backed Russian hackers

BOSTON — Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services said in a Securities and Exchange Commission regulatory filing that it was informed of the intrusion on Jan. 12. It said…

In-N-Out to close first location in its 75-year history due to a wave of car break-ins and robberies

In-N-Out to close first location in its 75-year history due to a wave of car break-ins and robberies

OAKLAND, Calif. — In-N-Out Burger says it will close its first location in its 75-year history due to a wave of car break-ins, property damage, theft and robberies affecting customers and employees alike at its only restaurant in Oakland, California. The fast-food burger joint in a busy corridor near Oakland International Airport will close on…

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year

DETROIT — Tesla’s net income more than doubled last quarter thanks to a one-time tax benefit but it warned of “notably lower” sales growth this year. The Austin, Texas, vehicle, solar panel and battery maker said Wednesday that its net income was $7.93 billion from October through December, compared with $3.69 billion a year earlier….

CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024

CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024

CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That’s down from $1.02 billion, or 49 cents per share, a year earlier. The results for the latest quarter…

US unions flexed their muscles last year, but membership rates fall to all-time low

US unions flexed their muscles last year, but membership rates fall to all-time low

Unions commanded big headlines last year, but that didn’t translate into higher membership rates, according to government data released Tuesday. The U.S. Bureau of Labor Statistics said 10% of hourly and salaried workers were members of unions in 2023, or around 14.4 million people. That is an all-time low, down from 10.1% of workers in…

Biden vetoes GOP measure that aimed to block White House policy on foreign content in EV chargers

Biden vetoes GOP measure that aimed to block White House policy on foreign content in EV chargers

WASHINGTON — WASHINGTON (AP) — President Joe Biden on Wednesday vetoed a Republican measure that would have blocked a White House waiver that allows some foreign-made content in federally funded chargers for electric vehicles. The White House said the GOP plan would actually block made-in-America requirements, since it would revert U.S. policy to a 1980s…

Hungary is the last holdout for Sweden’s NATO membership. So when will Orbán follow Turkey’s lead?

Hungary is the last holdout for Sweden’s NATO membership. So when will Orbán follow Turkey’s lead?

BUDAPEST, Hungary — With Turkey completing its ratification of Sweden’s bid to join NATO, Hungary is the last member of the military alliance not to have given its approval. After more than a year of delays, and consistent urging from its Western partners to move forward with Sweden’s application, the Central European country and its…

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