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  Barrons.com

  So Long, Apple and Tesla. We Built a Better Magnificent 7.

  The Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. Alphabet Amazon.com Apple Meta Platforms Microsoft Nvidia and Tesla certainly earned the moniker last year. The Magnificent Seven doesn’t make much sense from a portfolio perspective either.

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  Benzinga

  What's Going On With AMC Entertainment Stock?

  AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading lower Wednesday, and the stock has fallen more than 30% over the past month. What To Know: AMC Entertainment announced that the “Taylor Swift – The Eras Tour” concert film officially became the highest grossing concert and documentary film in box office history. The film is distributed exclusively by AMC Theatres Distribution. In early January, AMC disclosed that it entered into multiple exchange agreements between Dec. 28 and Dec. 2

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  Bloomberg

  Large Backers of Private Equity Are Asking For Their Money Back

  (Bloomberg) -- Some of the most influential investors are giving the world’s largest private equity firms a message: if you want money for your next fund, here’s our list of demands.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUS and UK Strike Yemen’s Houthis After Red Sea Ship AttacksHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsBlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives PushUK’s Sunak Authorizes Joint Milita

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  The Wall Street Journal

  Bank of America Profit's Fell More Than 50% on One-Time Charges

  Bank of America is out with its fourth-quarter earnings this morning. The bank said earnings would have been better if not for the one-time items. The drop in earnings is largely because of one-time items that investors already expected: + The bank said earlier this week that it would [take a $1.6 billion charge](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-08-2024/card/bank-of-america-to-take-1-6-billion-charge-OcIO9EMyrNo2feOwgZYC) related to the transition away from the London Interbank Offered Rate.

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  The Wall Street Journal

  Citigroup Plans to Cut 20,000 Jobs

  Citigroup is pressing ahead with its multi-year restructuring plan. On Friday, the bank said it planned to [cut some 20,000 jobs](https://www.wsj.com/business/earnings/citigroup-plans-to-cut-20-000-jobs-71619fd0) from its workforce by the end of 2026.

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  Associated Press Finance

  UnitedHealth shares tumble after health care giant reports soaring medical costs in 4Q

  UnitedHealth Group turned in a better-than-expected fourth quarter even as medical costs soared 16% for the health care giant. Shares of UnitedHealth and other major health care and insurance providers slipped in early trading Friday after the company announced results. UnitedHealth is the first to report earnings every quarter, and many analysts see it as a bellwether for rivals.