Markets Now January 22, 2024

Analysis: January’s stock market turnaround be a good omen for the year

US stocks rallied powerfully last week. History indicates that if the market can cling to those gains, that could bode well for the year.  
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H&M pulls school uniform ad in Australia after complaints it sexualized children

H&M has apologized for and removed a school uniform advertisement in Australia after users on social media complained that it sexualized children.  
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Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’

Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism.  
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Macy’s rejects a $5.8 billion unsolicited takeover offer

Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”  
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Thousands of faculty walk off the job at largest university system in US

Thousands of faculty members at California State University campuses, the largest university system in the US, walked off the job on Monday, beginning a five-day strike.  
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Boeing faces new safety alert over earlier generation of 737s

The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an Alaska Airlines flight earlier this month.  
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Source: CNN Business

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