Wall Street Today | US Is in Recession 'By Any Definition', Michael Burry Says

The U.S. auto industry is entering one of its biggest factory-building booms in years, a surge of spending largely driven by the shift to electric vehicles and new federal subsidies aimed at boosting U.S. battery manufacturing.
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Congress failed to pass many of the most aggressive bills targeting tech in 2022, including antitrust legislation that would require app stores developed by $Apple(AAPL.US)$ and $Alphabet-C(GOOG.US)$ to give developers more payment options, and a measure mandating new guardrails to protect kids online. Sen. Amy Klobuchar, D-Minn., said bipartisan support exists for many of these bills, and many have made it onto the Senate floor. But she said the tech lobby is so powerful that bills with “strong, bipartisan support” can fall apart “within 24 hours.”

$Tesla(TSLA.US)$ signaled in October that it likely would come up short of its target, Wall Street had moderated its delivery expectations. Tesla still fell short of a lowered Wall Street forecast of around 1.34 million deliveries for 2022, according to FactSet.
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$Southwest Airlines(LUV.US)$'s holiday meltdown will “certainly” hit its fourth-quarter results, executives said Thursday, adding it will take several weeks to work through affected travelers’ reimbursement requests. But executives declined to provide an estimate of how much the disruptions will cost the airline in total. A similar incident in October 2021 cost the airline about $75 million, the carrier said last year, but this event lasted longer, with more travelers flying because of the holidays and sharply higher fares.

$GE Aerospace(GE.US)$ will start 2023 by splitting off its healthcare unit, completing a key step in the slow-motion breakup of the industrial giant. For the rest of the year it will face questions about the next big step: shedding its power businesses.