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The Gazette in Medina, Ohio

15 Oct 2024

Page 3

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Articles on This Page

This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Oct 15, 2024

Page

3

Wall Street hits new records amid tech led gains

U S stocks climbed to records with the S&P 500 up 0.8 percent and the Dow rising 0.5 percent to a fresh high. SoFi Technologies surged after a $2 billion loan platform deal, Longboard Pharmaceuticals jumped on a Danish buyout, and Trump Media & Technology Group surged near $30 as Trump reelection bets influenced moves. Boeing slid on first trading day after warning of $1.3 billion cash burn and a 10 percent workforce cut amid a labor strike. Shanghai rose while Hong Kong slipped as oil and copper dropped on China growth concerns.

MENTIONED IN THIS ARTICLE

New York Wall Street U.S Europe China Lan Fo’an Shanghai Hong Kong Lisa Shalett Morgan Stanley Wealth Management Freeport-McMoRan Boeing SoFi Technologies Fortress Investment Group SoFi Longboard Pharmaceuticals H. Lundbeck Trump Media & Technology Group Donald Trump Truth Trump Sacha Name Sacha Asml Hid Microsoft At&t Inc MorgStan Abbott Lab Netflix AbbVie Newell Br Accenture NextErain Adobelne NiSource AMD Northropg Alibaba Novartis Alphabt C Novo Nord Amazon Alphabt A Nvidias Oracle AmExp OwensCorn Amgen Apple Inc AprilMatl PDD Hide AstraZen PepsiCo BkofAm Pfizer Berkh Philip Mor ProctGam Caterpillar Qualcom Chevron Cisco Coca Cola RaytTch Costco S&p Gibs Danaher SAP SE Disney Salesforce Eli Lilly ExxonMb Shell Ple FirstEngy Shiwin Fordm GE Aero SixFlags Goldmans Smucker Sumit Mitsu HomeDp T-Mobileus HuntBnesh TainSemi Ntel Target Tesla ThermoFis JohnJn Jpmorgch Toyota Uber Tch Keycorp Kohls VidhithGp incNat VerizonCm Inde Visa WalMarts Wells Fargo Merck Wendys Co Meta PLC CME NYMX New York Mercantile Exchange Chicago Board of Trade Chicago Mercantile Sugar (World ICE Intercontinental Exchange Mutua Funds Init American Funds AmronBalAm CptWidGrincAm CptlincBldrAm FdmtlinvsAm GriAmrcAm Incamrca m Invcamrca m NwPrspctvAm Wamiinvsam Baird AggrgateBdlasts Dodge & Cox Incl Dodge & Cox Stil NL Fidelity Fidelity Contrafund Fidelity Globalexusidx Fidelity Group Fidelity Initidxinstiprm Fidelity PIMCO Schwab Vanguard Vanguard BalldxAdmrl Vanguard DivGrinv Vanguard EqincAdmrl Vanguard GrldxAdmrl Vanguard Intrteadmrl Vanguard PrmCpAdmrl Doe SEC The Associated Press
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Stellantis chief executive vows fixes after sales slump

Stellantis faces a tough year with U S sales down and profits sliding. Carlos Tavares oversees a management shake up including ousting the CFO and North America Europe COOs and signals a decisive restructuring to restore growth. He cites a Darwinian period and says everything is on the table including plant closures and brand withdrawals.

MENTIONED IN THIS ARTICLE

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
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Big employers brace for higher health costs next year

The Business Group on Health finds large employers expect an nearly 8 percent increase in patient care costs. They will push for higher quality care through curated networks and centers of excellence, limit provider options, and emphasize mental health access. They also weigh weight loss drugs within broader programs.

MENTIONED IN THIS ARTICLE

Business Group On Health Ellen Kelsay Kelsay Associated Press
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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 research linking inclusive institutions to prosperity. Acemoglu and Johnson from MIT. Robinson from University of Chicago. They argue democratic, open societies foster growth though democracy is not a cure-all. Robinson cautions China’s prosperity may not last under repression.

MENTIONED IN THIS ARTICLE

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 United States South Korea Taiwan Mauritius
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Stan Chee Acemoglu Johnson the Market IN Review Dow Jones S&p Dow Industrials Dow Transportation Dow Utilities NYSE Nasdaq Wilshire Russell Nyse Anb Naspaa Tevogen Expion360 NextTrip VisionMar Mara Hidg Invention AsentSolr BigTreeCl Connexa Rs Invo Bio EcoWvPw Ranithra AgnellBio iPower H Dragnily Rs
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