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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 13, 2024

Page

3

Market steady after record week as tech fades

Wall Street held near records with the S&P 500 at 5021.84 and the Nasdaq down 0.3 percent while the Dow rose to 38797.38. Diamondback Energy jumped 9.4 percent on a $26 billion cash and stock deal to buy Endeavor Energy Resources. Bezos disclosed sales of about 12 million Amazon shares worth over $2 billion, with further filings showing 50 million shares planned for sale around Feb. 7.

New York Wall Street Microsoft Tech Dow Jones United States Diamondback Energy Endeavor Energy Resources Endeavor Diamondback Trimble U.S. Securities and Exchange Commission Amazon Seattle SEC Bezos Rocket Company Blue Origin Miami Bank of America S&p 500 U.S New York Community Bancorp Signature Bank Treasury Federal Reserve NYMX New York Mercantile Exchange CBOT Chicago Board of Trade CME Chicago Mercantile Sugar (World ICE Intercontinental Exchange American Funds AmrenBalAm FdmillavsAm GrfAmrcAm IncAmrcAm Invcamrcam NwPrspctvAm Wamtinvsam Dodge & Cox Incl Dodge & Cox Stil Fidelity Fidelity Contrafund Fidelity Group Fidelity Intildxinstiprm Fidelity Tt Pimco Incinstl Schwab Sp500idx Vanguard 500IdxAdmil Vanguard Diversny Vanguard EqlncAdmrl Vanguard Vanguard Intrteadmrl Vanguard Insidxins Vanguard InsidxInsPlus Vanguard PrmCpAdmrl The Associated Press

Wealth gaps widen as White net worth outpaces Black and Hispanic peers

New York Fed data show White households' real net worth grew 30 percentage points over Black families and 9 points over Hispanic families from 2019 Q1 to 2023 Q2 amid rapid market gains and strong jobs. The report notes higher stock ownership among White households and pension emphasis for Black wealth, while inflation cooled yet recession risks remain.

New York New York Federal Reserve Bank Fed Janelle Jones Washington Center For Equitable Growth Federal Reserve New York Fed Jones

Elon Musk must testify again in Twitter takeover probe

A Northern California federal judge ordered Elon Musk to testify a third time in the SEC's review of his 2022 44 billion Twitter purchase. The order sets a one week window to settle the date and location, with options including Texas where Musk resides.

Elon Musk Twitter San Francisco Securities and Exchange Commission Laurel Beeler Musk SEC Beeler Tesla Spacex California U.S Texas

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