Tesla shares poised for worst day since 2020 after automaker warns of slowdown this year
Tesla said vehicle volume growth in 2024 “may be notably lower” than last year’s growth rate.
International: Top News And Analysis
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.
International: Top News And Analysis
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
Fitch Ratings warned that U.S. banks have inched closer to sweeping rating downgrades on dozens of lenders, including JPMorgan Chase and Bank of America.
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Charlie Munger reportedly warns of trouble for the U.S. commercial property market
Charlie Munger believes there is trouble ahead for the U.S. commercial property market.
U.S. News
United Airlines CEO warns travelers will face more Southwest-style ‘meltdowns’ from rivals
“You can’t run your airline like it’s 2019 or you will fail,” United Airlines CEO Scott Kirby said.
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Bed Bath & Beyond shares plummet as company warns of deeper financial troubles
The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy.
U.S. News
Apple warns Covid restrictions in China are hurting iPhone production
The factory, operated by Foxconn, is operating at “significantly reduced capacity,” Apple said.
U.S. News
FDA warns parents not to use infant head shaping pillows
The Food and Drug Administration released a notice Thursday telling parents and caregivers not to use infant head shaping pillows.
ABC News: Top Stories
Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy.
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Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns
Long-term market bull Jeremy Siegel warns the Federal Reserve will likely take a more aggressive approach to fighting inflation within weeks.
International: Top News And Analysis