Wednesday, April 12, 2023

Wall Street has found something else to worry about

Persistent inflation remains the Federal Reserve's No. 1 concern, even as the banking sector remains on edge after two big bank failures last month. This week's Consumer Price Index, due to be announced Wednesday at 8:30 am ET, could determine whether the central bank raises rates again in May.
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Wall Street has found something else to worry about
Persistent inflation remains the Federal Reserve's No. 1 concern, even as the banking sector remains on edge after two big bank failures last month. This week's Consumer Price Index, due to be announced Wednesday at 8:30 am ET, could determine whether the central bank raises rates again in May. Read more »
 
Elizabeth Holmes must report to prison this month while waiting out her appeal, judge rules
A judge on Monday denied Elizabeth Holmes' request to remain free while she appeals her conviction, setting the stage for the disgraced Theranos founder to report to prison later this month. Read more »
 
Hollywood writers hold strike vote Tuesday
The Writers Guild of America is set to hold a strike authorization vote on Tuesday. If it passes, which it is expected to, that will allow leadership to call a strike if the Guild and the Alliance of Motion Pictures and Television Producers do not reach a new contract agreement by May 1. Read more »
 
Whole Foods closes San Francisco flagship store after one year, citing crime
An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. The company said rampant crime in the area forced it to shut down. Read more »
 
Shares in Regal Cinemas' owner hit all-time low
Cineworld's stock plummeted 23% Tuesday morning to an all-time low after the company said it had filed a plan to reorganize its business, and shareholders would not recover any of their funds. Read more »
 
Head of top UK business lobby fired over misconduct claims
The head of the most influential business lobby in the United Kingdom has been fired following a probe into complaints about his workplace conduct. Read more »
 
 
 
 
Dow Nasdaq S&P
+141.82   +14.34   +12.79
33,826.61   12,046.22   4,121.73
+0.42%   +0.12%   +0.31%
YTD +2.05%   YTD +15.09%   YTD +7.35%
 
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Fortive Corp +3.07%
 
Tapestry Inc +2.91%
 
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Eaton Corporation PLC +2.50%
Biggest Losers
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Norwegian Cruise Line Holdings Ltd -3.43%
 
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