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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Oct 15, 2024

Page

10

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.

New York Wall Street U.S Europe China Lan Fo’an Shanghai Hong Kong Lisa Shalett Morgan Stanley Wealth Management Freeport-McMoRan Boeing Aerospace SoFi Technologies Fortress Investment Group SoFi Longboard Pharmaceuticals H. Lundbeck Trump Media & Technology Group Donald Trump Truth Trump

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.

Detroit Stellantis U.S Carlos Tavares Tavares North America Europe France PSA Peugeot Fiat Chrysler Automobiles European Union Peugeot Opel Italy United Auto Workers Turin Natalie Knight

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.

Stockholm Daron Acemoglu Simon Johnson James A. Robinson Nobel Committee Royal Swedish Academy of Sciences Acemoglu Johnson Massachusetts Institute of Technology Robinson University of Chicago Jakob Svensson Academy Athens Greece Associated Press China Soviet Union

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