Here are the most important news items investors need to start their trading day:
1. Fall down
Stocks fell sharply on Tuesday on concerns that the Federal Reserve’s monetary easing would be slower than expected.Christopher Waller Fed Director In his speech, he said the central bank would “systematically and carefully” consider cutting interest rates this year, adding: “I see no reason to act as quickly or cut rates as much as we have in the past.” In the first trading session of the shortened week, the Dow Jones Industrial Average fell 0.62%, the S&P 500 fell 0.37% and the Nasdaq Composite Index fell 0.19%. Meanwhile, the benchmark 10-year government bond yield rose to 4.064%. Follow live market updates.
2. Grounding
A JetBlue Airways plane takes off near a Spirit Airlines plane at Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.
Joe Radle | Getty Images
federal judge blocks jet blue airlines proposed acquisition for $3.8 billion spirit airlinesHe cited a decrease in competition due to the planned merger. The merger would have created the fifth-largest airline in the United States, but the Justice Department filed a lawsuit last year claiming it would raise airfares. “Spirit’s discontinuation will harm cost-conscious travelers who rely on Spirit’s low fares,” U.S. District Judge William Young said in his decision blocking the deal. . The judge’s ruling raises new questions about Alaska Airlines’ plan to buy Hawaiian Airlines, although the two companies have more similar business models than ultra-low-cost Spirit or full-service JetBlue. On Tuesday, when the verdict was handed down, Spirit’s stock price nearly halved. The airline said in a statement that it disagreed with the ruling and was considering its options.
3. Burger purchase
Burger King’s new logo
Source: Business Wire
4. “New growth model”
On December 7, 2023, a large number of Chinese-made cars gather at a port in Yantai, Shandong Province, China, to be loaded for export.
Null Photo | Null Photo | Getty Images
5. Full of debt
Midtown Manhattan skyline with Bank of America Tower in the background from Bryant Park.
Bruce Yuanyue Bi | Getty Images
– CNBC’s Hakyung Kim, Pia Singh, Leslie Josephs, Amelia Lucas, Evelyn Cheng and Jeff Cox contributed to this report.
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