Tesla Earnings Flop, IBM Stock Jumps to 11-Year High

Stock market update for January 25, 2024.

• US GDP Grew 3.3% Last Quarter (Bloomberg)
• Tesla Q4 and Full Year 2023 Financial Results (Tesla)
• Microsoft lays off 1,900 Activision Blizzard and Xbox employees (The Verge)
• IBM stock soars after AI demand fuels revenue beat (Yahoo Finance)
• Humana’s stock falls to four-year low as company cuts 2024 guidance amid soaring medical costs (MarketWatch)
• SPAC Mania Is Dead. The SEC Wants to Keep It That Way. (WSJ)

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