How major US stock indexes fared Thursday, 1/25/2024

Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market

China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy

A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperformance last year compared to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks…

Unionized Los Angeles Times staffers are launching a one-day strike Friday — the first walkout in the newspaper’s 142-year history — in response to imminent “significant” layoffs. The Los Angeles Times Guild, which represents roughly 400 editorial employees, called for the walkout after management announced cuts Thursday that could whack as much as 20% of…

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…

In 2018, Anna-Lisa Miller was working with agricultural cooperatives in Hawaii, helping them reinvest in their communities through shared ownership. Ms. Miller, who had gone to law school and had planned to do civil rights litigation, loved the principle of workers partaking in the financial success of their employers, and the next year joined Project…