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A giant week for tech and financial information: Will the run of optimistic financial indicators proceed? (God, we hope so!) After final week’s sturdy inventory market efficiency, this week may both construct upon that momentum or thwart it, due to a collection of main tech firms that can report quarterly earnings, together with Microsoft and Alphabet/Google on Tuesday, Apple and Amazon on Thursday, and Meta on Friday. Simply as essential, probably, is the readout of the Federal Reserve assembly on Wednesday. Full story.
Extra fallout from Trump’s $83 million authorized loss: On Friday, a federal jury ordered the previous president to pay $83.3 million in damages to E. Jean Carroll after she stated his denial of raping her within the mid-Nineteen Nineties destroyed her journalistic repute. The choice comes over 4 years after Carroll initially sued in 2019, and as Trump campaigns for the 2024 presidential election in November. Full story.
Hottest new IPO: Residence- and community-based well being providers supplier BrightSpring Well being Companies launched a rocky IPO on Friday below the ticker BTSG. The ended its first day of buying and selling at $11, a lot decrease than the unique $15 to $18 vary the corporate had hoped for—and probably dampening enthusiasm for the IPO market on the whole. Several other high-profile companies are anticipated to IPO later this 12 months.
China shores up its actual property: China launched a number of new insurance policies final week to encourage lending and spending from potential homebuyers who’re reeling from job losses and declining financial output within the wake of the pandemic. The insurance policies come after economists predict the nation’s financial development gained’t bounce again this 12 months. Full story.
Tesla recall: Elon Musk’s EV carmaker is recalling virtually 200,000 automobiles after discovering that software program instability might trigger points with the backup digital camera in sure 2023 Fashions Y, S and X, in keeping with documents posted by the U.S. Nationwide Freeway Site visitors Security Administration final week. The paperwork say Tesla initiated a recall on January 12 and can notify homeowners by letter beginning March 22. Full story.
Tesla authorized and labor woes: In the meantime, Musk confronted a federal appeals court docket concerning a lawsuit over his Twitter post from 2018 that threatened Tesla staff would lose inventory choices in the event that they unionized. On the coronary heart of the choice is that if the menace counts as one to staff, because it was on a public discussion board and never within the office. The lesson: Suppose earlier than you publish! Full story.
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