Check out the companies making headlines in premarket trading.
Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
By 1 p.m. London time on Thursday, the average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary.
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It’s a level not seen since George W. Bush was president. Bianco Research’s Jim Bianco sees the 10-year Treasury yield hitting 5.5% this year.
Barbara Corcoran swears by this 2-step strategy for organizing and achieving goals: It’s ‘essential’
Achieving your goals in 2024 starts with a well-thought-out, well-organized calendar, according to Barbara Corcoran. Here’s her method.
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
The Federal Reserve on Wednesday released minutes from its Dec. 12-13 policy meeting.
New change to 529 college savings plans has ‘so many caveats,’ advisor says. Here’s what to know
Starting in 2024, you can roll unused 529 plan funds to a Roth individual retirement account, without taxes or penalties. Here’s what to know.
Stocks making the biggest moves midday: Xerox, SoFi, Charles Schwab and more
These are the stocks posting the largest moves in midday trading.
Job openings nudged lower in November, down to 1.4 per available worker
The JOLTS report showed employment listings nudged lower to 8.79 million, about in line with the Dow Jones estimate for 8.8 million.
The Fed is expected to cut interest rates in 2024. Here’s how investors can prepare
The U.S. central bank expects to cut rates three times in 2024. Investors can lock in CD rates now, while bonds are poised for a pop.