Global Stocks to Rise Modestly in 2024; OpenAI ReinstatesBinance Settles for $4.3B

Experts predict modest growth in global stock indexes and value stocks outperforming growth stocks. OpenAI reinstates Sam Altman as CEO after outcry from employees and investors, while Binance CEO steps down amid legal troubles. Israel and Hamas agree to a hostage deal and humanitarian pause in Gaza.

• Global stock indexes are forecast to rise modestly in 2024, with a slim majority of experts predicting new peaks within the next six months, according to a Reuters poll.
• Despite high interest rates and cooling global inflation, a majority of experts predict value stocks will outperform growth stocks over the next six months.
• Artificial intelligence startup OpenAI has reinstated Sam Altman as CEO, just days after his ousting, following demands from employees and investors.
• Binance CEO Changpeng Zhao has stepped down and pleaded guilty to violating U.S. anti-money laundering laws, resulting in a $4.3 billion settlement.
• Israel and Hamas have agreed to a hostage deal and a humanitarian pause in Gaza, allowing for the release of civilian hostages and the entry of relief aid.

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