• Incoming CEO at Southwest Air Faces Numerous Challenges
  
  Robert Jordan will inherit a long list of challenges when he becomes the sixth CEO of Southwest Airlines, which is struggling to recover from a pandemic that battered its finances and left it a much smaller company.
• Oil Heads for Biggest Annual Gain Since at Least 2016
  
  Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world.
• U.S. Airline Group Seeks 5G Wireless Deployment Delay near Airports
  
  A U.S. trade group representing major passenger and cargo airlines asked the Federal Communications Commission on Thursday to halt deployment of new 5G wireless service at some airport locations.
• Furniture Giant IKEA Raises Prices 9 Percent
  
  The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.
• Lowe's Expects 2022 Sales to Miss Estimates as Home Improvement Demand Cools
  
  Lowe's Cos Inc. on Wednesday forecast full-year 2022 revenue and profit below analysts' estimates, signaling that a pandemic-driven surge in demand for home improvement products would wane and sending its shares down 4%.
• GM Venture to Build North American Battery Chemical Plant
  
  General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.
• Jim Cramer: US Government Must Mandate COVID Vaccines
  
  Calling anyone who is "woefully unvaccinated" against COVID-19 "psychotic," CNBC host Jim Cramer wrapped up his show last night by demanding that President Joe Biden direct the U.S. military to impose nationwide vaccine mandates.
• COVID SCIENCE: Vaccines Do Not Lower 'Long COVID' Risk
  
  Recent studies on COVID-19 include research on how to prevent, and to treat, the virus. Following are summaries from some of those reports.
• Deere Profit Surge Powered by Farm Equipment Demand
  
  Deere & Co surpassed market estimates for quarterly profit on Wednesday, as a surge in crop and livestock prices encouraged farmers to splurge on tractors and combines.
• US Bank Stocks Rise as Industry Welcomes Powell Renomination
  
  U.S. bank stocks rose on Monday as senior bankers and industry figures welcomed Federal Reserve Chair Jerome Powell's nomination by President Joe Biden for a second four-year term.
• US Existing Home Sales Unexpectedly Rise in October
  
  U.S. home sales unexpectedly rose in October, but higher prices amid tight supply remain a challenge for first-time buyers.
• How GE's Larry Culp Split the Empire Jack Welch Built
  
  It was the break-up that eluded a generation of General Electric Co. insiders. When Larry Culp, the first GE chief executive not to rise from within its ranks, convened a board meeting earlier this month to greenlight the split of the industrial conglomerate into three...
• State Street Global Advisors Says No to Hiring White Men
  
  State Street Global Advisors, a multinational investment firm based in Boston, will now require managers to ask permission before hiring white men, according to its new diversity hiring program.
• US Commerce Chief: Companies Will Submit Data on Chips Crisis
  
  U.S. Commerce Secretary Gina Raimondo said on Monday she was confident semiconductor chip manufacturers and other companies in the supply chain, from around the world, would voluntarily submit data to the department ahead of today's deadline.Samsung, TSMC, SK, etc.Raimondo...
• White House Officials at Odds Over China on Trade
  
  Top White House officials are constructing a path forward on how to deal with China as the Biden administration's trade leaders want higher tariffs on Beijing's most favored industries while key advisers want to scale back penalties on thousands of other products, Politico ...
• Fed's Powell: On Track for Taper, High Inflation Could Last into Next Year
  
  Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank is "on track" to begin reducing its purchases of assets, and noted that he expects inflation to abate next year as pressures from COVID fade.
• Fed Closes in on November Bond Taper After Jobs Report
  
  The Federal Reserve may move to begin reducing its support for the economy next month despite a sharp slowdown in jobs gains last month as the latest U.S. surge in COVID-19 cases crested and began to recede.
• Global Markets Head for Weekly Gain Ahead of US Jobs Data
  
  Stock markets slipped on Friday but held most of the previous session's gains as investors welcomed the U.S. Senate's temporary lifting of the debt ceiling and awaited crucial jobs data due later.The rally on Thursday has lifted global stock indexes into positive territory...
• Markets Could Face Sharp Correction, Bank of England Warns
  
  The high value of financial assets could correct sharply if investors reassess the prospects for the economy's recovery from COVID-19 and there are signs of increased risk-taking at investment banks, the Bank of England (BOE) said Friday.
• Zoom Stock Drop Likely Nixed Five9 Deal
  
  A slump in Zoom Video Communications Inc's share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9, Wall Street analysts said Friday.
• Evergrande Contagion Threatens 'Everything Bubble' in the US
  
  Evergrande, a real-estate colossus in China, is collapsing. Don't expect the collapse to be contained to China. The global macro implications are huge.
• Perkins: A Printed Circuit Board Factory-in-a-Box?
  
  Great inventions are successful when they drive some combination of improved speed and/or ease of use, better quality, or greater ability compared to the preceding product or service. We have seen this all around us.
• Sen. Elizabeth Warren: Regional Fed Banks Must Stop Leaders From Trading Stocks
  
  Sen. Elizabeth Warren has called on regional Federal Reserve Banks to impose rules that would prevent their leaders from trading individual stocks. The Massachusetts Democrat's request, via letters...
• Stocks at 40 Times Profits Are Cheap, Wall Street Has Determined
  
  Buying shares trading at 40 times earnings may not sound like a good deal. But that's exactly what Maneesh Deshpande is telling clients to do.The head of equity derivatives strategy at Barclays Plc just upgraded his recommendation on Apple Inc. and other technology giants,...
• Bubble Expert Grantham Addresses 'Epic' Stock Euphoria
  
  It's been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it's no surprise that equities seem to be fading, too. Meanwhile, labor...

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