• Dec 31, 2024

US Judge Resets Bidding for Oil Refiner Citgo, Creating Competition for Elliott

(Bloomberg) -- A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025:

  • Dec 31, 2024

Walgreens and Intel lead list of stocks in the S&P 500 that fell hardest in 2024

At the end of a second consecutive year during which the S 500 has risen more than 20%, two things investors need to remember are that time tends to smooth out performance and that the index is weighted by market capitalization. This means large companies can support the S 500’s gain even as dozens of stocks in the index get pummeled.

  • Dec 31, 2024

US Stocks Fall to Close Out Best Two-Year Stretch Since 1998

(Bloomberg) -- US stocks declined in the final session of the year but still closed out the best two-year run since 1998.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMake a Transit-Oriented New Year’s ResolutionThe S&P 500 Index fell 0.4% in its fourth down day, the longest losing streak to end a year since 1966. The Nasdaq 100 declined 0.9% and the Dow Jones Industrial Average fell 0.1%. The Russell 2000 Inde