The top business updates today include a variety of news from different sectors. Here are some of the key highlights:
- Economic Indicators: Japan slips into a recession, losing its spot as the world’s third-largest economy.
- UK fell into a recession at the end of 2023.
- Treasury promoting new rules to stop money laundering ahead of Europe meetings.
- Stocks drift, and yields ease after weak report on retail sales.
- Asian shares track Wall Street’s rebound.
- Coca-Cola overcomes falling demand in North America and puts up strong fourth quarter sales.
- Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger.
- GM is nearly doubling the road miles where drivers can use its partially automated driving system.
- Israel’s finance minister blasts Moody’s downgrade of the country’s credit rating.
- Tinder, Hinge, and other dating apps encourage ‘compulsive’ use, lawsuit claims.
- North Carolina lawmakers say video gambling machine legislation could resurface this year.
- Intuitive Machines stock spikes as lunar company’s first moon mission begins.
- Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook.
- Volkswagen under pressure to ditch its China joint venture as U.S. impounds vehicles.
- Self-driving car company Waymo issues first-ever recall after two Phoenix crashes.
- Layoffs in 2024: A list of companies cutting jobs this year.
- Rod Stewart sells song catalog as music rights fundraising surges.
- Airbus extends lead over Boeing amid archrival’s stumbles.
- Pro take: No big consumer price declines are in sight.
- Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood, and more.
- Two under-the-radar stocks outperforming during the sell-off and ready to breakout.
- We’re tapping our large cash position to buy shares of these 3 quality companies.
- What’s driving the market rebound on Wednesday—and why we’re buying the dips.
- Third Point’s Dan Loeb exits Alphabet, trims big tech bets on Amazon and Microsoft.
- Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company.
- Juniper CEO and founder Allison Esposito Medina shares the valuable lesson she learned from retiring as a millionaire, and then un-retiring after five months.
- Picking the right covered call strategy to generate income on the stocks you own.
- Stanley Druckenmiller exits Alphabet, keeps winning AI plays Nvidia and Microsoft.
- Morgan Stanley names Asia-Pacific ‘alpha’ stock ideas for February—giving one nearly 80% upside.
