Market Now

How can we possibly be in a bull market right now? Two letters: AIThe Eurozone has sunk into recession and economists worry that the United States is next. We’re worrying about rate hikes, inflation, lower spending, layoffs, surging mortgage costs and a war in Europe. So what explains a bull market in a bear economy? Artificial intelligence.   Read full article

‍America has lost half its public companies since the 1990s. Here's whyThe S&P 500 officially entered a bull market on Thursday, gaining 20% off of its October lows. But those gains came from just a few tech and AI companies with mega-cap stocks soaring higher. Cyclical and smaller companies are still largely suffering.   Read full article

‍Walgreens unveils Chicago store with only two aisles and most products kept out of sightWalgreens just opened a redesigned store in a downtown Chicago neighborhood where most of the merchandise is intentionally kept out of sight.   Read full article

‍Netflix password crackdown boosts new subscribers to highest level since Covid beganEarly results indicate Netflix’s new plan to crack down on password sharing is working.   Read full article

‍Tesla stock charges upwards on deal with GMTesla stock charged higher Friday following an announcement by General Motors that GM’s electric vehicles would be able to charge using Tesla’s charging network. That news following a similar announcement from Ford just two weeks before.   Read full article

‍Lawyers for Epstein victim suing JPMorgan Chase ask to recall Jamie Dimon and others for depositionsIn a lawsuit over the role JPMorgan Chase played in longtime client Jeffrey Epstein’s sex trafficking crimes, attorneys for an anonymous Epstein victim have asked a federal judge to allow them to question JPMC CEO Jamie Dimon and other bank personnel for a second time.   Read full article

Source: CNN Business