Articles

U.S. stocks can climb a lot higher in 2024 than originally believed, according to one of Wall Street’s biggest bulls

One of Wall Street’s biggest bulls is telling clients that he may have underestimated how much higher stocks can climb in 2024.

Microsoft earnings may have offered a big bullish clue about cloud growth

Microsoft’s spending forecast suggests it “has line of sight to a significant increase in cloud revenue,” an analyst says.

House to vote today on bill aimed at child tax credit, business breaks

The Republican-run U.S. House of Representatives is slated to vote Wednesday on a bipartisan tax deal that includes an expansion of the child tax credit along with business breaks

America’s No. 1 emerging real-estate market is a costly coastal California city, report says

The index factors in housing market data, economic vitality, and lifestyle metrics, to surface emerging housing markets that offer a high quality of life, as well as home price appreciation in the future.

German inflation to hit two-and-half year trough in January, supporting ECB rate cut hopes

German inflation in January will rise at its slowest pace in more than two and a half years, , bolstering hopes that the European Central Bank may be able to reduce interest rates from record levels in coming months.

Cardinal Health to spend $1.2 billion to boost ability to analyze medical data

Cardinal Health announced Wednesday an agreement to buy Specialty Networks for $1.2 billion in cash, as the drug distributor and medical products maker looks to enhance its data analytics capabilities.

Biogen drops controversial Alzheimer’s drug

Biogen is halting the development and commercialization of the Alzheimer’s drug Aduhelm, which drew intense scrutiny of its U.S. regulatory process due to concerns about whether its benefits outweighed its risks.

U.S. Treasury to auction $121 bln next week in refunding, up $9 bln from last quarter

The Treasury Department on Wednesday said it would sell $121 billion in notes and bonds next week. That’s up from $112 billion last quarter. Beyond the increases announced in this quarter, Treasury said it did not expect to make any further increases in auction sizes “for at least the next several quarters.”

New York Community Bancorp stock slides as it cuts dividend, posts surprise loss

Lender reduces payout to 5c from 17c as it builds up capital to meet larger-bank requirements after it acquired ailing Signature Bank

Employee costs in the U.S. rise at slowest pace in 2 1/2 years

he cost companies pay to employ workers rose 0.9% in the fourth quarter to mark the smallest increase in two and a half years, another sign that rapid wage growth after the pandemic is waning.

Alphabet results could bode well for Amazon and Meta, says Wedbush

Google parent Alphabet’s Inc.’s fourth-quarter results could spell good news for Amazon.com Inc. and Meta Platforms Inc. who are on deck this week, according to Wedbush analyst Dan Ives.

Boeing beats on everything, boosted by strength in commercial airplanes business

Boeing assuaged investor fears for the moment on Wednesday, as the aerospace and defense giant’s fourth-quarter results beat Wall Street expectations in all of the key metrics, amid strength in the closely watched commercial-airplanes business.
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