Markets Now Tuesday, April 9, 2024

The stock market is shrinking and Jamie Dimon is worried

The number of publicly traded companies in the US is shrinking. Jamie Dimon, one of the world’s most influential business leaders, is worried.  
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Norfolk Southern reaches $600 million settlement to settle East Palestine derailment suit

Norfolk Southern has reached a $600 million settlement that, if approved by a court, will resolve all class-action lawsuits within 20 miles of its 2023 East Palestine, Ohio, derailment that spilled more than a million pounds of hazardous chemicals into the soil, water and air.  
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A whistleblower claims that Boeing’s 787 Dreamliner is flawed. The FAA is investigating

Federal authorities say they’re investigating after a whistleblower repeatedly raised concerns with two models of Boeing widebody jets, and claimed the company retaliated against him.  
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Boeing orders bounce back on demand for a plane it can’t deliver yet

Boeing’s commercial jet orders bounced back in March, but it was due to a large order from American Airlines for a plane the Federal Aviation Administration hasn’t even approved to carry passengers yet.  
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Mattel launches new, less ‘intimidating’ version of Scrabble

Scrabble, one of the world’s best-loved word games, is to get a new “collaborative” and “accessible” version.  
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Consumer Reports says Lunchables ‘should not be allowed on menu’ for schools, petitions USDA for removal

The school cafeteria versions of popular kids’ grocery store snack kit Lunchables is packed with too much sodium, a consumer watchdog group warned on Tuesday.  
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Source: CNN Business