December 14, 2023

Markets Now 12/14

Nelson Peltz and Jay Rasulo seeking seats on Disney’s board

Trian Fund Management will nominate Nelson Peltz and Jay Rasulo for election to Disney’s board, the investment firm said Wednesday.  
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What the Fed’s looming rate cuts would mean for you

For nearly the past two years, the story of the economy and markets has been all about runaway inflation and central banks’ historic attempts to reverse it. But we may be turning over a new page in the storybook – and it could have a happy ending for your 401(k).  
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Analysis: The Federal Reserve signaled rate cuts could be coming. Wall Street still isn’t in the clear

The Federal Reserve finally acknowledged that the current rate-hiking cycle could soon be over.  
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The nation’s largest credit union rejected more than half its Black conventional mortgage applicants

A major credit union serving military members and veterans rejected more than half of its Black conventional mortgage applicants  
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Mortgage rates drop under 7% for the first time since August

Mortgage rates fell under 7% for the first time since mid-August this week. It is the seventh straight week rates have dropped as inflation improves and the Federal Reserve paused its rate increases.  
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Why Shohei Ohtani, baseball’s best player, will barely make more than some of the worst MLB players

Baseball superstar Shohei Ohtani just inked a monster contract with a unique structure that will surely make Bobby Bonilla smile.  
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Source: CNN Business

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