Wall Street hits new records as markets rally worldwide
U S stock indices climbed to fresh highs on Monday with the S&P 500 up 0.8 percent, the Dow +0.5 percent, and the Nasdaq +0.9 percent. Leaders included SoFi Technologies and Longboard Pharmaceuticals, while Boeing fell after warning of cash burn and a labor strike. China signaled limited stimulus efforts, weighing on commodities and miners. Trump Media & Technology Group surged as Truth Social relevance persists near 30 dollars.
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Stellantis CEO vows fixes after marketing missteps
Stellantis aims to steady slowing U.S. sales after a weak marketing plan. CEO Carlos Tavares, amid leadership shakeups and a 2026 retirement plan, says responsibility lies with him and signals a fresh start with a new leadership team. He cites EU subsidy cuts and Chinese competition while warning everything is on the table to survive.
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Nobel economics prize focuses on freedom
Nobel prize in economics awarded to Daron Acemoglu Simon Johnson and James A Robinson for work on how institutions shape wealth. MIT and Chicago researchers argue that inclusive, open societies foster prosperity while repressive regimes hinder growth. Robinson cites China and past examples like the Soviet Union on long-term sustainability.
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