Report by an expert panel says Boeing employees still fear retaliation for raising concerns; Treasury Secretary Yellen urges $300 billion frozen Russian assets be sent to Ukraine; Macy’s to close 150 stores; Durable goods orders plunge 6% in January.
Major stock indexes head down after hitting records last week; Kroger’s takeover of Albertsons hits an antitrust obstacle; The World Trade Organization may OK taxation of streaming content.
Economic growth this year now forecast at 2.2% by NABE; WTO considers streaming content tax; AT&T offering $5 to customers most affected by outage; United Airlines is latest carrier to hike checked baggage fees.
AI-tech juggernaut Nvidia’s stock hit $2 trillion in market cap in intraday trading; Biden Administration announces new sanctions against Russia; Reddit files for an IPO.
Stocks open higher, continuing yesterday’s rally; Reddit files paperwork with the Securities and Exchange Commission for initial public offering; the Biden administration issues more sanctions against Russia; AT&T says it’s restored service to all customers affected by yesterday’s outage.
Nvidia shares surge after it reports higher-than-expected fourth quarter earnings, with quarterly revenues of about $22 billion; Japan’s Nikkei stock index is finally back to where it was more than three decades ago; new claims for unemployment benefits fall unexpectedly in mid February; thousands of AT&T customers report outages.
Stocks close mixed; Fed members say interest rates likely at their peak; Amazon to join the Dow Jones Industrial Average; bank economists say credit will stay tight this year.
On Monday, Amazon will join the index, while Walgreens will exit; new federal rules aim to tighten cybersecurity at U.S. ports; the European Union issues 13th round of Russia sanctions; natural gas giant Chesapeake Energy to reduce output.
