Investors pushed a turnaround following a dismal 2022. Next: another Federal Reserve decision on interest rates
: Paramount’s stock closes best month since April 2009
Paramount Global Inc. shares closed their best month in nearly 14 years, shrugging off a recent downgrade that threatened to keep them from the milestone.
Economic Report: Consumer confidence slips at start of 2023 as U.S. recession worries grow
A survey of U.S. consumer confidence slipped in January, reflecting growing worries about a recession as rising interest rates and high inflation degrade the economy.
: GM investment powers Lithium Americas on EV battery plans
Lithium Americas Corp. says GM’s $650 million investment marks the largest investment by an auto maker to produce raw materials for electric-car batteries.
Crypto: Dogecoin rallies while bitcoin falls, as Musk considers crypto payments for Twitter
Dogecoin jumps more than 8% Tuesday, outperforming other major cryptocurrencies, after a report said Elon Musk is pushing Twitter to build a payments system where crypto might be incorporated.
The Fed: 4 ways Powell could tell markets the Fed isn’t ready to pivot
Some economists think that Fed Chairman Jerome Powell will want to push back against expectations the central bank is almost done with rate hikes.
Economic Report: Chicago business activity gauge softens in January
The Chicago Business Barometer, a gauge of factory activity, fell by 0.8 index points to 44.3 in January.
: AMC sells stake in Saudi Arabia joint venture, shifts to licensing partnership
AMC began screening movies in Saudi Arabia in 2018
Economic Report: U.S. home prices fall for 5th straight month in November, Case-Shiller index shows
The Case-Shiller 20-city home price index was down a seasonally adjusted 0.5% in November, according to the S&P CoreLogic Case-Shiller Index.
Bond Report: Treasury yields move lower as Fed meeting kicks off
Treasury yields move lower Tuesday as the Federal Reserve prepares to begin a two-day policy meeting that’s expected to deliver another interest rate increase.