Moderna stock pops after Oppenheimer says Covid shot maker could launch more products over next two years
The upgrade follows a dismal 2023 for Moderna, whose only commercially available product is its Covid shot.
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Rivian stock falls 10% on declining fourth-quarter EV deliveries
Rivian said it delivered 13,972 vehicles from October through December, down 10.2% from the third quarter of 2023 but in line with Wall Street's expectations.
Harvard University President Claudine Gay resigns amid plagiarism claims
Harvard President Claudine Gay has been under fire for weeks over claims of plagiarism and for her handling of the controversy over the war on Gaza by Israel.
Tesla reported 485,000 deliveries for the fourth quarter, bringing 2023 total to 1.8 million
The EV company previously offered guidance that it would notch at least 1.8 million deliveries for the full year in 2023.
Reckitt Benckiser unit recalls possibly contaminated baby formula powder, FDA says
The company said that most, if not all, of the possibly contaminated product has already been consumed.
Tech stocks just wrapped up one of their best years in past two decades after 2022 slump
The Nasdaq climbed 43% in 2023, one of the sharpest rally for the tech-heavy index in 20 years.
From FedEx to airlines, companies are starting to lose their pricing power
Faced with weakening demand, price-sensitive consumers and easing inflation, some sectors are now forced to grow profits without the tailwind of price hikes.
SpaceX sets new rocket record with 96 successful launches in 2023
SpaceX this year launched 96 successful missions with its Falcon series of rockets, topping its previous annual record of 61 orbital launches in 2022.
Apple's stock underperformed top tech peers in 2023 due to longest revenue slide in 22 years
Apple has reported four straight quarters of sliding sales, its longest stretch of declines since 2001
Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
In 2023, Affirm outperformed all U.S. tech companies valued at $5 billion or more.
Startup bubble fueled by Fed's cheap money policy finally burst in 2023
In 2023, numerous tech startups that had raised big rounds at premium valuations before and during the pandemic finally ran out of cash
Boeing urges inspections of 737 Max planes for 'possible loose bolt'
Boeing recommended the inspections after "an international operator discovered a bolt with a missing nut," the FAA said in a statement Thursday.
November pending home sales were unchanged, despite a sharp drop in mortgage rates
The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November.
Biden administration's Medicare drug price negotiations will face major tests in 2024
Next year could set the precedent for the Inflation Reduction Act's controversial talks, which could affect dozens of medications by the end of the decade.
Apple will sell latest Apple Watch models again after import ban temporarily stopped by U.S. appeals court
Apple will be able to sell the latest Apple Watches after an import ban was temporarily paused by an appeals court on Wednesday
Bitcoin's 2023 rally drove some of the stock market's biggest gains this year
Shares of Marathon Digital, Coinbase, MicroStrategy and the Grayscale Bitcoin Trust all jumped more than 300% in 2023, double the gains in bitcoin
A 10-year initiative in Boston has helped narrow the gender wage gap by 30%
New research shows the gender pay gap in the greater Boston area decreased by 30% over the last two years.
Generative AI's breakout year produced hefty profits for Nvidia and lofty experiments for others
OpenAI set the stage for a wild year in technology when it released ChatGPT in late 2023, but Nvidia was the big beneficiary.
Inflation has created a dark cloud over how everyday Americans view the economy
Anger about higher prices appears to outweigh the benefits of a hot labor market in the minds of consumers.
Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street
While Nvidia was the big winner for investors this year in the generative AI boom, other tech stocks have also gotten a boost
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