Markets Now: January 2nd 2024

Global markets kick off the new year on lackluster note

Stocks slipped back on the first trading day of 2024, but oil prices rose 2% on escalating tensions in the Middle East and bitcoin got another bump to trade above $45,000.  
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Harvard President Claudine Gay resigns after plagiarism and campus antisemitism accusations

Harvard President Claudine Gay announced Tuesday she is stepping down just six months into her presidency amid a firestorm of controversy at the university.  
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Hershey is sued for selling Reese’s Peanut Butter cups without ‘cute pumpkin faces’

Cynthia Kelly thought she was buying Halloween-themed Reese’s Peanut Butter Pumpkins with a “cute” carving of a pumpkin’s mouth and eyes, as pictured on the product’s packaging.  
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READ: Harvard President Claudine Gay’s resignation letter

The following is Harvard President Claudine Gay’s resignation letter, issued on January 2, 2024:  
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Maersk suspends shipping through Red Sea ‘until further notice’

Maersk has suspended shipping extended a pause on transits through the Red Sea and Suez Canal “until further notice” as it continues to review security following an attack on one of its vessels. the Danish shipping company said Tuesday.  
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Tesla reports record sales but growth slows in face of growing EV competition

Tesla reported record quarterly sales in the final three months of last year, but it wasn’t enough for it to hang onto its title as the world’s largest maker of electric vehicles.  
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Source: CNN Business