– The Dow Jones Industrial Average and the S&P 500 rise to new all-time highs
— FOX Business Exclusive: Federal Reserve President Mary Daly on the next rate hike
– Former President Trump takes Iowa and now New Hampshire as debate swirls about who he would choose as his running mate
– Davos review: What world leaders and US business tycoons are talking about
— The US national debt is a ticking time bomb
– Disney CEO Bob Iger is heated about the gigantic payday
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— Macy's is closing deals and cutting work
– Spirit Airlines and JetBlue deal collapsed…perhaps forever?
TOP story: Stocks are rising The Dow Jones Industrial Average and S&P 500 hit all-time highs this week, with the broadest equity measure now at its highest level since January 2022…Read more here.
VIDEO: How bulls are using artificial intelligence to drive the stock rally. Nvidia shares, for example, are up 20% this year alone.
Federal Reserve interest rate cuts likely to be enforced: Federal Reserve Bank of Atlanta President Raphael Bostic and Federal Reserve Bank of San Francisco President Mary Daly tempered market expectations for a rate cut in March, both speaking exclusively to FOX Business…Read more here. It worked. According to the CME's FedWatch tool, the market is now forecasting that the first rate cut will occur in May.
VIDEO: Fed Chair Mary Daly calls hopes of a rate cut “premature.”
DAVOS MOVES AND SHAKES: Meanwhile, overseas leaders and U.S. business giants gathered in the picturesque mountains of Davos, Switzerland, where the U.S. election and the Federal Reserve's next move were among the hottest topics of discussion.
VIDEO: David Rubenstein, co-founder of the Carlyle Group, on the Fed's next steps.
The city of Davos in eastern Switzerland, venue for the annual World Economic Forum, January 25, 2018.
TRUMP SWEEPS IOWA: Former President Trump won Iowa by a wide margin as he leads the Republican contenders. Now speculation is mounting about who he might choose as his running mate. FOX Business' Charlie Gasparino reports on the shortlist…Read more here.
The story goes on
VIDEO: How Trump woos voters.
(LR) Eric Trump, Executive Vice President of Trump Organization Inc.; former President Donald Trump; and Donald Trump Jr., executive vice president of development and acquisitions for the Trump Organization Inc., at a caucus watch party in Des Moines, Iowa, on January 15, 2024.
NEW HAMPSHIRE PRIMARIES: WHAT YOU SHOULD KNOW
MOUNTAIN OF DEBT: The rising national debt, which measures what the U.S. owes its creditors, is rising even further, reaching a record $34 trillion. That's why it's a problem…Read more here.
VIDEO: The American government has a spending problem.
DISNEY DISSENS?: The media giant revealed that CEO Bob Iger lost a massive payday of over $31 million in 2023 as the company cut thousands of jobs, reportedly upsetting the workforce. But that's not all. Trian Fund Management's Nelson Peltz thinks Disney should be doing a lot more for its investors, with shares down 7% in the last 12 months. That's why he sets his sights on the company…Read more here.
DISNEY CEO BOB IGER MAKES HUGE PAY PACKAGE
Bob Iger attends the “Indiana Jones and the Dial of Destiny” red carpet during the 76th annual Cannes Film Festival at Palais des Festivals on May 18, 2023 in Cannes, France.
MACY'S MALAISE: The retailer will cut over 2,000 employees, or 3.5% of its workforce, and close five stores across the country as it struggles with changing ways consumers shop and spend… The list of Macy's stores closing.
GROUNDED!: A federal judge blocked the $3 billion merger between JetBlue and Spirit Airlines, casting doubt on whether either airline can survive on its own…Read more here. The carriers filed an appeal late Friday.
A JetBlue aircraft lands past a Spirit Airlines jet on the taxiway at Fort Lauderdale Hollywood International Airport on April 25, 2022.
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Original article source: Dow, S&P hit all-time high; Macy's store closures; Payday from Disney CEO Iger; and Spirit-JetBlue deal collapsed