Here are the most important news investors need to start their trading day:
1. Look for rebounds
Stock index futures edged higher on Monday after stocks plunged last week. this S&P 500 Index It fell 4.3% during the period, its worst week since 2023. Nasdaq Index Down 5.8%, worst week since 2022 Dow Jones Industrial Average down 2.9%. Investors will be watching inflation data this week, which could help determine how much the Federal Reserve will cut interest rates at its policy meeting later this month. The central bank is widely expected to cut its target interest rate by at least a quarter of a percentage point. The consumer price index released on Wednesday and the producer price index released on Thursday will help influence the Fed’s decision. Follow real-time market updates.
2. Norfolk Southern CEO Survey
norfolk southern airwaysThe board is investigating Allegations that executive Alan Shaw had inappropriate workplace relationshipsthree people familiar with the matter told CNBC. The rail operator later said it was investigating “possible conduct” that breached its ethics code and had hired outside legal counsel to investigate. The investigation is just the latest turmoil for Norfolk Southern in the wake of a toxic train derailment in Ohio and a proxy battle with activist investor Ancora. Shaw did not respond to calls or text messages seeking comment.
3. Boeing reaches labor agreement
boeing company achieve labor agreement Its union represents about 33,000 workers, which could potentially avoid a costly strike. The tentative agreement, which still needs workers’ approval, includes a 25% pay increase over four years, according to the International Association of Machinists and Aerospace Workers. The current agreement is set to expire after Thursday. The union said in a statement that its employees would help “get this company back on track” after a series of missteps. Boeing Commercial Airplanes Chief Executive Stephanie Pope also praised the pay raises and benefit improvements included in the deal.
4. Expensive electric trucks
5. Alzheimer’s Breakthrough
Alzheimer’s treatment Leqembi comes from Biogen and Eisai It is believed to be a breakthrough in slowing the progression of this damaging mental illness. CNBC talks to patients Their experience of receiving the drug since its introduction last year has been hampered by complex diagnostic and treatment processes. One patient said Leqembi was “prolonging my normal life.” This treatment also has disadvantages, such as the risk of brain swelling or bleeding.
– CNBC’s Lisa Kailai Han, Rohan Goswami, Leslie Josephs, Michael Wayland and Annika Kim Constantino contributed to this report.