Dow Jones futures rise, yields slide ahead of key economic data; AI shares soar towards the buy zone

Dow Jones futures rose slightly, along with S&P 500 futures and Nasdaq futures, as Treasury yields eased ahead of February’s ISM services index. broadcom (AVGO) and the artificial intelligence game led gains overnight. x The stock market rally roared back on Thursday from opening lows, even as the 10-year Treasury yield decisively topped 4%. … Read more

Opinion: Phone culture – damn you talk

Opinion: Phone culture - damn you talk

Graph showing smartphone sales by year from 2013 to 2022. — © AFP One of the most common jokes in stand-up comedy is phones. “Current kids…” or “I married the wrong number”, etc. The trouble is that these things are a real barrier to communication in person and on the phone. Phone culture is just … Read more

Six Flags sees drop in attendance in Q4 on higher ticket prices

ekkawit998/iStock via Getty Images Six Flags Entertainment Corporation (NYSE:SIX) reported a 12% drop in fourth-quarter revenue to $280 million. Attendance was down 30% during the quarter, which the theme party operator said was due to an increase in ticket prices, the removal of free tickets and deeply discounted pass products, and fewer days of operation. … Read more

Delaware court dismisses McDonald’s shareholders’ sexual harassment lawsuit

A Delaware court on Wednesday dismissed a shareholder lawsuit filed against McDonald’s Corp. and its board of directors, finding that the plaintiffs failed to show that the directors ignored red flags of widespread sexual harassment. Chancellor of the Court J. Travis Luster, Vice Chancellor noted in his opinion that the board fired CEO Steve Easterbrook … Read more

Student loan forgiveness: There is no “back-up plan,” says a Biden official. “We have a plan, it is the plan that we have announced.”

A day after the US Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official told MarketWatch that there is no alternative plan in case the superior court annuls it. “We have a plan, it is the plan that we have announced,” said Bharat Ramamurti, deputy head … Read more

Aston Martin shares rise on 2023 profitability forecast

SUV Aston Martin DBX707 Courtesy: Sassy Films | Aston Martin LONDON: British luxury car manufacturer Aston Martin Lagonda forecasts better returns this year, after extending its 2022 pre-tax losses due to a weakening UK currency. The company more than doubled year-over-year pre-tax losses to £495m ($598m) in 2022, from £213.8m in 2021, and said profit … Read more

South Korean electric vehicle battery leader bets on rapid growth in the US

South Korea’s biggest EV battery maker is betting on rapid growth in the US following a package of climate-friendly tax breaks to move closer to its biggest Chinese rival as competition intensifies in the sector. The North American market for electric vehicle batteries will be the fastest growing in the world this year, said Robert … Read more