Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Here are the top five things investors need to know to start their trading day:
1. Warm
2. Trump on the NYSE
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with wife Melania after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York.
Spencer Platt | Getty Images
3. Costco e-commerce
Customers push shopping carts through a Costco store on December 11, 2024 in Novato, California.
Justin Sullivan | Getty Images
wholesaler Costco is scoring high online. The company said on Thursday that e-commerce sales at its peak last quarter compared to the same period of the year they increased by 13%. The company beat Wall Street estimates on both the top and bottom lines for the first fiscal quarter of 2025. Revenue and net income were up year-over-year, driven in part by higher member fees.
4. Early departure
Federal Aviation Administration (FAA) Michael Whitaker testifies before the Committee on Aviation Transportation and Infrastructure at the Rayburn House Office Building on September 24, 2024 in Washington, DC.
Kevin Dietsch | Getty Images
FAA chief Michael Whitaker will leave his position on January 20. The top aviation regulator was appointed by President Joe Biden to a five-year term in October 2023, but will step down when Trump takes office. It comes at a time of increased FAA oversight of aircraft manufacturers Boeing. “You’ve seen leadership come and go, and through every transition you’ve kept air travel stable and safe. This transition will be no different,” Whitaker said in a statement.
5. Mall mentality
Lindsey Hyams, 23, of Marlboro, NJ, likes to shop online, but she often goes to the mall to shop. She said she likes to avoid the wait for online shopping to arrive and the hassle of collecting returns.
Shawn Baldwin | CNBC
It’s generation Z all about the mall. Cohorts, a growing spending power, are shopping in brick-and-mortar stores at the same rate as their grandparents, breaking with the generations in between and seemingly defying their digital tendencies. The trend is beneficial for malls, which have begun to cater specifically to teenagers and twenty-somethings with in-store features and experiences.
– CNBC’s Sean Conlon, Hakyung Kim, Kevin Breuninger, Melissa Repko, Leslie Josephs and Michael Sheetz contributed to this report.
