Apple underperformed mega-cap peers in 2023 due to revenue slide

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[ad_1] Apple CEO Tim Cook stands next to a new Apple Vision Pro headset displayed during the Apple Worldwide Developers Conference in Cupertino, California, June 5, 2023. Justin Sullivan | Getty Images Apple’s stock rallied in 2023, but its performance was outshined by all of its mega-cap tech peers, as the company suffered four straight … Read more

SpaceX rockets set new launch record in 2023

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[ad_1] A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images Elon Musk’s SpaceX smashed its previous annual record for orbital rocket launches, pulling off 96 successful missions in 2023 at a blistering average launch … Read more

Companies losing pricing power after years of unbridled spending

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[ad_1] A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping … Read more

Investors are betting on Fed rate cuts and a broader market rally in the new year

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[ad_1] Investors could finally see the 2023 rally broadening in a meaningful way in 2024, though the gains may not be as impressive after the year Wall Street just had. The S & P 500 is up 24% year to date, trading just below its record close of 4,796.56 set in January 2022. The Dow … Read more

A soft landing is in sight, but not without some danger ahead

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[ad_1] The domestic economy heads into 2024 looking to escape the shackles of a recession specter that has been hanging over the U.S. for the past two years. That might not be so easy. After all, many of the same fears that have shadowed the economy in the post-pandemic recovery remain: high prices, tight monetary … Read more

Tech stocks wrap up 2023 rally after last year’s slump

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[ad_1] Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 up 43%, its best year since 2020, which was narrowly higher. … Read more

Muslim leaders expand campaign to abandon Biden over Israel-Hamas war

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[ad_1] U.S. President Joe Biden joins Israel’s Prime Minister for the start of the Israeli war cabinet meeting, in Tel Aviv on October 18, 2023, amid the ongoing battles between Israel and the Palestinian group Hamas. Miriam Alster | Afp | Getty Images Muslim leaders announced on Saturday that they are going national with an … Read more

How a conservative group’s videos gained a foothold in classrooms with help from Republican officials: Report

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[ad_1] The promotional videos all start the same: Each begins with Marissa Streit, chief executive of PragerU, the conservative nonprofit primarily known for producing web videos featuring right-wing pundits and short documentaries criticizing progressive policies, NBC News reported. Streit introduces a top state education official, who then raves about the new partnership between PragerU and … Read more

Beer drinking in America falls to the lowest level in a generation

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[ad_1] It wasn’t just Bud Light. The past year saw the lowest level of beer consumed in the U.S. in a generation, according to industry group Beer Marketer’s Insights, as consumers shifted away from traditional favorites to other forms of alcohol — and in a growing number of cases, avoiding alcoholic beverages altogether. “It was a … Read more

Reckitt Benckiser unit recalls possibly contaminated baby formula powder, FDA says

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[ad_1] Enfimil infant formula, made by Mead Johnson Nutrition Co., sits on display in a supermarket in New York, U.S. Daniel Acker | Bloomberg News | Getty Images Baby formula maker Reckitt Benckiser’s Mead Johnson Nutrition has voluntarily chosen to recall certain batches of baby formula powder due to possible bacterial contamination, according to the … Read more

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