January 31, 2024

Markets Now January 31, 2024

Who can rein in Elon Musk? Someone you’ve probably never heard of

Elon Musk is rarely hemmed in. He is notoriously unmoved by critics, whether they’re shareholders in his companies, commentators in the media or federal regulators, who are ostensibly in charge of protecting investors and the public from the worst of his excesses.  
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Analysis: The Fed isn’t vexing markets. Here’s what might

The Federal Reserve makes its first interest rate decision of the year on Wednesday but with practically all of Wall Street in agreement that no changes will be made, investors are focused on Fed Chair Jerome Powell’s afternoon press conference where he’ll answer questions about his outlook for monetary policy.  
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Judge dismisses Disney’s lawsuit against Florida Gov. Ron DeSantis and his allies

A US judge has dismissed Disney’s lawsuit against Florida Gov. Ron DeSantis and his political allies, including the board he appointed to oversee Disney’s property in Florida.  
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H&M CEO quits abruptly after ‘very demanding’ times

Helena Helmersson stepped down Wednesday as chief executive of H&M, bringing an abrupt end to her four-year tenure and triggering a surprise change in leadership at one of the world’s largest fashion retailers.  
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Universal threatens to pull Taylor Swift’s songs off TikTok in dispute over payments

Universal Music Group has threatened to pull its music off TikTok in a dispute over royalties, a move that would prevent more than 1 billion users of the platform from streaming a vast catalog of songs by Taylor Swift, Ariana Grande, Rihanna and other artists.  
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Here is how disruptive Ozempic could be

As weight loss drugs like Ozempic continue to rise in popularity, economists are looking at their potential to disrupt the market. We asked a doctor turned business analyst which industries he thinks could see the most impact.  
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Source: CNN Business

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