How major US stock indexes fared Friday, 1/26/2024
Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market
Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market
GM’s Cruise self-driving car unit on Thursday revealed Justice Department and Securities and Exchange Commission probes stemming from an October accident in which one of its robotaxis dragged a pedestrian who had been struck by another car. Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from…
DHAKA, Bangladesh — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. The court also agreed to hear an appeal against his sentencing. Yunus who pioneered the use of microcredit to help impoverished people,…
The geezers are coming! The geezers are coming! Demographic doomsayers warn slowing birth rates and graying populations will wreak economic havoc and torpedo stocks. Yet the dire scenarios of zombie-like boomer hoards leeching off their working progeny have it backwards: Aging populations are always, everywhere signs of progress — not threats to it. Yes –…
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….
President Biden on Friday canceled nearly $5 billion in student loan debt for 74,000 people, the latest effort by the administration to deliver piecemeal relief after the Supreme Court struck down Mr. Biden’s more ambitious loan cancellation plan last year. Most of the people who will benefit from the latest round are teachers, nurses, firefighters…
H&M pulled an ad for school uniforms that featured two young schoolgirls with the tag line “make those heads turn” after being accused of “promoting pedophilia.” The $29.99 school dresses from the Swedish retailer were part of a sponsored ad on social media in Australia. The promo shows two young girls who appear to be…