Monday,
March 4, 2024
Market recap
Dow Jones
39,087.38
+90.99 (+0.23%)
S&P 500
5,137.08
+40.81 (+0.80%)
Nasdaq
16,274.94
+183.02 (+1.14%)
Top Story
Millennials could become the richest generation in history in the next two decades
A massive wealth transfer is expected to take place over the next twenty years. But the thing about inherited wealth is that it’s spread very unevenly. Here’s what you need to know.
The S&P 500 and the Nasdaq Composite hit fresh all-time highs Friday
• Interest in AI continues to drive chipmakers and tech companies higher.
• Oil prices rose more than 2% ahead of OPEC+’s upcoming meeting, at which it is expected to extend its production cuts. In economic data, activity in the manufacturing sector fell more than expected, marking the 16th consecutive month of contraction.
What to be on the lookout for today
• In earnings, GitLab will report.
Spring break without breaking the bank
If you are itching to get away this spring, but can’t or don’t want to spend big, you can still plan a great getaway.
Budget everything: Set a budget for how much you can afford to spend on your trip, including airfare, lodging, anything you might need to buy in advance, as well on-site costs like food and drinks, and activities. To help stay on budget, you can set a spending limit in each category.
Be smart about the destination: Booking early can find you the best deals. But it might be too late for that. If you haven’t finalized plans, try looking for off-season destinations to help save money, or pick a location that doesn’t require flying since airfare often gets costlier closer to the fly date.
Don’t go it alone: While traveling solo has become increasingly popular, drawing on your network of family and friends can help you stay on budget. Perhaps your trip is visiting someone in another city who can host you, eliminating the need to pay for a hotel, and instead allowing you to pay for dinner as a thank you.
Today’s top stories
It’s jobs week!Earnings season is in the rear-view mirror, so what’s next? We have a jobs week coming up and a last bit of Fedspeak before the next quiet period. Here’s what’s ahead on Wall Street.
Read more >> Oprah and WeightWatchers part ways amid weight loss drug crazeOprah has stepped down from WeightWatcher’s board of directors and plans to donate her more than 10% share of the company. The decision comes at a tough time for the weight loss company.
Read more >> Go where your Netflix queue takes youTravel inspiration can come from anywhere, including your favorite TV show. Here are 10 destinations inspired by what you may have been watching.
Read more >>Other news that caught our eye
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Elon Musk is suing ChatGPT maker OpenAI and its CEO Sam Altman over betraying the company’s goal to benefit humanity in favor of profits.
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The Biden Administration is taking steps to make it harder to sell foreign electric vehicles in the U.S., ordering the Commerce Department to investigate vehicles with foreign technology, particularly China, citing national security risks.
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Nutraceutical Corporation is recalling a brand of hydrogen peroxide mouthwash containing ethanol due to a lack of required child-resistant packaging.
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A union group in a proxy fight with Starbucks has been dealt a blow as the proxy advisor voted in favor of all of Starbucks board nominees instead of those nominated by the union.