In the past week:
- Apple unveiled the iPhone 16 and also lost an EU court battle. Boeing machinists went on strike. An antitrust trial for the Google ad business began. The SEC fined seven companies for whistleblower protection violations.
- The consumer price index showed inflation still cooling. Oil prices and mortgage rates fell to lows. Small business optimism declined.
- The Federal Reserve scaled back banking regulations. Bank of America hiked its minimum wage. Warren Buffett further trimmed his Bank of America stake.
- Norfolk Southern’s CEO was fired. The new Starbucks CEO released a turnaround plan. An activist investor shook up the Southwest Airlines board of directors.
- Oracle and Amazon Web Services announced a partnership. Trump Media stock and crypto stocks slumped after a heated presidential debate.
- McDonald’s extended its $5 meal deal. Campbell Soup announced a name change. Big Lots filed for bankruptcy.
- Hurricane Francine hit energy infrastructure on the Gulf Coast. A data breach impacted nearly a million Medicare users. Eggs were recalled after a salmonella outbreak and cinnamon due to lead contamination.
Bill Ackman’s Pershing Square Capital Management hedge fund has handily outperformed the broad market by betting on such stocks as Chipotle Mexican Grill Inc. (NYSE: CMG).
Two stocks reflect investing guru Cathie Wood’s current views on the future of science and technology. Discover why she has turned cold on one and embraced the other.
Investing in Coca-Cola Co. (NYSE: KO) and two other top Dividend Kings can provide income investors with the stability and growth profiles they are looking for over the long haul.
Demand for big data services is increasing, and Palantir Technologies Inc. (NYSE: PLTR), a leader in the field, should benefit. Check out the forecasts and price predictions for this technology stock.
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