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Market News

Location American Market News for 26 January 2023
Tesla Slashes Prices Up To 20 Percent, Sending Shockwaves Through EV Industry Tesla's price drops are officially cited as a drop in supply chain prices, but others think it's a savvy sales ploy after a rough year
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Under Armour Stock Up 28% Over Last Month, What's Next? Under Armour (NYSE: UA), a sports equipment company that manufactures footwear, sports, and casual apparel, has increased by 28% over the last twenty-one trading days (one month) and currently stands at around $11.
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ServiceNow Grows Over 27%, Beats Guidance On Q4 Demand 'Surge' ServiceNow beat most expectations and raised guidance -- so why did the stock fall 2%?
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Ether Prices Bounce Back To Erase All Losses Following Recent Decline Ether prices rallied today, managing to recoup all the losses they suffered when the digital currency fell yesterday. What key variables should investors watch going forward?
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Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
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Recession Odds: Still High--But Forecasts Better Than Expected With reports of a recession looming over 2023 some forecasts paint a better economic picture for this year than expected.
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Tesla Gains 11% As Strong Earnings Outweigh Musk's 'Distractions' Tesla shares are now up 7% over the last month, jumping 11% Thursday after the company posted strong quarterly earnings.
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China Solar Energy Put Back On Notice By New Congress The new Congress goes after Biden's emergency declaration, which benefited China solar companies under investigation by Commerce.
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Bankers, Executives Pay Up for Wall Street Texting Scandal

Wall Street Journal - 26 Jan 2023 21:47
Wall Street bankers and executives are getting their pay docked for using text messaging apps that circumvented record-keeping rules and led to hefty fines for the banks.
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Looking To Invest In Cannabis? Here Are Our Top Marijuana Stock Picks For 2023 As more states legalize marijuana, cannabis stocks could be the next sector to experience huge gains. Here are some top pot stocks to consider.
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Valero Can Keep Pumping Profits

Wall Street Journal - 26 Jan 2023 20:10
American refiners had an exceptional 2022. Low natural gas prices and a Russian product ban show conditions still look favorable.
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Tesla Growth Slows, Margins Fall As Elon Musk Talks Too Much Twitter Tesla fell short of revenue growth expectations, suffered margin erosion, and forecast weaker than expected 2023 shipments. Why did its stock pop?
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Bitcoin Prices Reached Their Highest Since August Last Night Bitcoin prices climbed yesterday, reaching their highest in over five months. In spite of this, the digital currency is down sharply from its all-time high reached in 2021. Where will the cryptocurrency head next?
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Notable Two Hundred Day Moving Average Cross - International Business Machines In trading on Thursday, shares of International Business Machines crossed below their 200 day moving average of $135.48, changing hands as low as $134.11 per share.
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These Gold Stocks Rally To New 6-Month Highs Many gold mining stocks are trading higher lately as the underlying commodity itself continues upward and onward.
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Why the budget should offer separate deduction for term insurance In order to encourage people to buy pure term insurance, a separate deduction of up to ₹15,000-20,000 every year should be offered. This will be like the deduction offered on the premium towards a health insurance poli...
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What type of insurance cover should a senior citizen buy? The advantage of buying sum assured together is that the waiting period on PEDs would run together. So, after a block of 4 years, you will have the full sum assured. Also, with a higher sum assured, you get no claim bonu...
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SEC New Rules And Regulations

Forbes - 26 Jan 2023 18:11
SEC New Rules And Regulations Boards must not allow themselves to be overwhelmed by new compliance matters. The boards true job is to stay focused on the business and be stewards for the health and growth of the company.
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Stripe Sets One-Year Timetable to Decide on Going Public

Wall Street Journal - 26 Jan 2023 18:08
The fintech startup hired Goldman Sachs and JPMorgan to advise it on a direct listing or a private-market transaction involving employees' shares.
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US Economy Beats Estimates And Grows 2.9% In Q4 US Economy Beats Estimates and Grows 2.9% in Q4 Key takeaways The US economy grew at an annualized rate of 2.9% in Q4 2022, ahead of the forecast 2.8%.
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Here's Why Experts Predict A Return To Negative Economic Growth--And Potential Recession--Despite Strong GDP The better-than-expected GDP report contains "telltale signs" the Fed's interest rate hikes, which tanked stocks and the housing market last year, are "beginning to cascade through the economy."
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As it heads into its first quarter of 2023, the airline carrier expects capacity to be 8% to 10% higher than the first quarter of 2022.
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