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Here are the most important news investors need to start their trading day:
1. hanging
The three major stock indices are still in positive territory this month despite last week’s volatile results. Stocks closed Friday on a higher note, with the Nasdaq pulling off gains for the week, even as the Dow and S&P 500 slumped. Investors will sift through a big slate of earnings this week (more on this below) as they look forward to next week’s policy-setting Federal Reserve meeting. Consensus points to a quarter-point hike in rates by the Fed, which is lower than most recent hikes, but left markets particularly worried about the central bank’s next steps Jerome Powell, chairman of the Fed Will be told. Read Live Market Updates Here,
2. Big Money Week
A person walks past Microsoft signage at the headquarters on January 18, 2023 in Redmond, Washington.
Matt Mills McKnight | reuters
Earnings season gains serious momentum this week, with several large companies gearing up to report quarterly results. Tech, telecom, aerospace and airlines will be in focus, especially as investors seek clues as to what companies are expecting this year. Here are some of the major names set to report:
3. DOJ investigates Abbott
Abbott manufacturing facility in Sturgis, Michigan on May 13, 2022.
Jeff Kowalski | AFP | Getty Images
Abbott Laboratorieswhich was at the center of infant formula shortages last year, nbc news confirmed It was being investigated by the Justice Department. The company did not disclose the subject of the investigation. Although, The Wall Street Journal reported Federal investigators are probing what happened in early 2022 at the Abbott baby formula plant in Sturgis, Michigan. The company shut down production at the factory on February 17, 2022, after children who consumed formula made at the plant became ill.
4. The 2 Billion Dollar Man
Director James Cameron attends the “Avatar: The Way of Water” world premiere at Odeon Lux Leicester Square on December 06, 2022 in London, England. (Photo by Joe Maher / Getty Images)
Joe Maher | Getty Images Entertainment | Getty Images
The self-proclaimed “King of the World” has once again proved that he knows how to make movies for the masses. in James Cameron’s “Avatar: The Way of Water” grossed over $2 billion at the global box office for disneyEven as one of its most important markets, China, is grappling with rising Covid cases. While the long-awaited sequel to Cameron’s 2009 original got off to a softer-than-expected start in its North American opening weekend, the three-hour science fiction action film continued to build momentum at the box office through the holidays and beyond, Because it faced less. Competition for theater goers’ dollars. Cameron is now responsible for three of the six films that have grossed more than $2 billion: “Avatar,” “Avatar: The Way of Water” and “Titanic.”
5. Tank’s Verdict Is Big
Olga Toma, 70, reacts in front of a residential building where her flat was burned after Russian shelling in the Ukrainian town of Bakhmut, Donetsk region, January 20, 2023.
Anatoly Stepanov | AFP | Getty Images
It is still unclear whether Germany will sign off on sending several of its Leopard 2 tanks to Ukraine to aid in the country’s defense against an invasion by Russia, although the German defense minister said a decision would come soon. Concerned officials discussed the matter on Friday but no decision was arrived at. The government of Ukrainian President Volodymyr Zelensky has been pressing allies for the tanks for months, especially as it retakes territory claimed by Russian forces. Meanwhile, Germany said it would not prevent Poland from sending two of its German-made tanks to Ukraine. Read live updates of war Here,
— CNBC’s Tanya Machel, Sarah Whitten and Holly Elliott contributed to this report.
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