Market News

FDA OKs sales of Zyn nicotine pouches, citing health benefits for adult smokers - The Associated Press

WASHINGTON (AP) Federal health officials on Thursday backed the public health benefits of nicotine pouches, authorizing Philip Morris Internationals Zyn to help adult smokers cut back or quit cigaret… [+3453 chars]

FDA bans use of Red Dye No. 3 in foods - The Verge

FDA bans use of Red Dye No. 3 in foodsrnFDA bans use of Red Dye No. 3 in foodsrn / Red Dye No. 3 is already banned from food use in California and the European Union, and in studies, it has been link… [+2240 chars]

Four Things That Helped Banks Haul in Huge Profits in 2024 - The Wall Street Journal

Wall St subdued after strong session; focus on earnings - Reuters

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May - ABC News

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. rnThe rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie M… [+2028 chars]

Trump selects private equity CEO Pulte as top housing regulator - POLITICO

Tesla throttles down Cybertruck production, shift workers to Model Y - Electrek.co

Tesla is throttling down Cybertruck production as it shifts workers to Model Y production because inventory of the electric pickup truck is piling up.rnThe automaker had planned a production capacity… [+1689 chars]

State Farm scraps Super Bowl 2025 commercial as outrage mounts over LA fires - New York Post

State Farm often runs commercials during NFL games, but the insurance company won’t have an ad presence during Super Bowl 2025 in the wake of the fires that have devastated the Los Angeles area.rnAs … [+1962 chars]

Meet the brothers who built NYC’s favorite congestion pricing tracking tool - The Verge

Meet the brothers who built NYCs favorite congestion pricing tracking toolrnMeet the brothers who built NYCs favorite congestion pricing tracking toolrn / The college-age brothers started the tracker… [+6870 chars]

FDIC sues 17 former Silicon Valley Bank executives, directors over collapse - Yahoo Finance

By Jonathan Stempelrn(Reuters) - The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches … [+2644 chars]

UnitedHealth Group CEO defends company - The Hill

The killing of CEO Brian Thompson in New York City last month set off a wave of vitriol and resentment against the insurance industry and health care system at large. Thompson ran UnitedHealth’s insu… [+2023 chars]

Rio Tinto, Glencore Discuss Potential Combination in Mining's Biggest-Ever Deal - Yahoo Finance

(Bloomberg) -- Rio Tinto Group and Glencore Plc have been discussing combining their businesses, which if successful would rank as the largest-ever mining deal and create a behemoth to rival longstan… [+6557 chars]

US to Finalize Billions in Funding for Rivian, Plug Before Trump - Bloomberg

The Biden administration finalized billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. just days before President-elect Donald Trum… [+282 chars]

Stock Market Today: Stocks end lower; UnitedHealth weighs on Dow - TheStreet

Updated at 4:49 PM EST by Rob LenihanrnStocks turned lower Thursday, following the best day for the S&P 500 since the November election, as investors reset bets that slowing inflation and a solid… [+8993 chars]

Capital One customers report direct deposits not showing up in their bank accounts - CBS News

Capital One is working to resolve a technical issue that had thousands of customers reporting problems with direct deposits on Thursday.rnMore than 2,000 people had reported issues with Capital One b… [+906 chars]

Biden’s Meta 'censorship' revelations 'vindicated' Alito dissent in RFK Jr case - Fox News

The announcement by Meta CEO Mark Zuckerberg that Facebook and Instagram would end their work with third-party fact-checkersrn and ease certain content restrictions was praised by some conservative a… [+3482 chars]

US FDA officially authorises Zyn nicotine pouches for sale - BBC.com

The US Food and Drug Administration (FDA) has authorised Zyn nicotine pouches to be sold to as a tool to quit smoking cigarettes.rnThursday's decision allows 10 Zyn flavours, including mint, coffee, … [+1937 chars]

Wall Street banks had a great quarter, and the boom times are just starting - CNBC

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, M… [+3650 chars]

Here’s what NASA would like to see SpaceX accomplish with Starship this year - Ars Technica

Meta is done being nice to underperformers — and takes a page from Amazon's management playbook - Business Insider

Meta is adopting a more performance-focused approach to workforce management, one that Amazon embraced years ago: systematically pushing out under-performers to maintain lean, high-performing teams.r… [+3465 chars]

American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim - CNBC

American Express will pay a total of about $230 million to resolve federal wire fraud investigations and to settle civil allegations of deceptive marketing, the company said Thursday.rnThe tally incl… [+4061 chars]