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Market News

Location American Market News for 27 January 2023
Traders have spent $700 billion on options tied to the electric-vehicle maker over the past 13 months.
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Goldman Sachs Cut CEO David Solomon's Pay to $25 Million

Wall Street Journal - 27 Jan 2023 18:36
The Wall Street firm's chief executive took a nearly 30% pay cut.
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Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction.
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China's Engagement In The Caribbean And The United States' Response Traditionally, the United States has held unrivaled influence over the Caribbean. However, during the past few decades, America has become complacent in its position of power and competing foreign policy priorities, and ...
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Tesla Shares Rally 11%, Capping Best 2-Day Stretch Since 2020 Since Wednesday, Tesla's market cap has surged $104 billion--roughly the combined market cap of Ford and General Motors.
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The Spending American Express Should Worry About Is Its Own

Wall Street Journal - 27 Jan 2023 20:46
The company has gotten a boost from its push toward the highest tier of spenders, but now it needs to show more progress on cost control.
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Cultivating Your Network To Land A Board Role Every one of us has a unique set of experiences, skills, and values that shape how we approach the world in which we live and work--how we operate both personally and professionally. That is what you want to communicate ...
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3M Stock Plunges In Response To Lower-Than-Expected Revenue - Will Job Cuts Be Enough To Spur Business? 3M stock prices fell dramatically on January 24th after it missed revenue expectations. The company is cutting thousands of jobs in an effort to right the ship.
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Verizon Stock Has A Bumpy Ride After Just Meeting Expected Earnings Here's a breakdown of Verizon's fourth-quarter earnings and which numbers surprised and disappointed investors.
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Intel's Leap of Faith Turns Into a Lurch

Wall Street Journal - 27 Jan 2023 18:39
The chipmaker's expensive turnaround plan has run headlong into a historic sales slump.
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Why Are Tech Companies Laying Off All These Workers? As a potential recession nears, tech companies continue to lay off thousands of employees. Here's why.
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Intel Earnings Disappoint While Inflation Threats Continue Last night after the close, Intel released their 4th quarter earnings and to say they were disappointing would be a bit of an understatement.
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Here's What To Expect From Electronic Arts' Q3 We expect EA stock to trade higher, with revenue and earnings likely falling marginally above the consensus estimates.
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Selloff in Adani Stocks Wipes Out $47 Billion in Market Value

Wall Street Journal - 27 Jan 2023 15:03
Five of the seven listed Adani Group companies ended the day 16% to 20% lower, while India's benchmark Nifty 50 index fell to a three-month low.
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Does Starbucks' Stock Have More Room To Run? SBUX stock has increased from around $82 to $107 in the last six months, largely outperforming the broader indices, with the S&P coming in flat over the same period.
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What To Expect From Pfizer's Q4?

Forbes - 27 Jan 2023 14:00
What To Expect From Pfizer's Q4? Its Covid-19 vaccine and the antiviral pill will likely contribute a little over $12 billion to its top line, aligning with prior-year quarter's sales.
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Breit Flows Aren't the Be-All, End-All for Blackstone

Wall Street Journal - 27 Jan 2023 14:00
Base management fees, a key source of strength for the firm, continue to grow.
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Louis Vuitton's Owner Is Still Reading China's Tea Leaves

Wall Street Journal - 27 Jan 2023 13:30
The French luxury company reported record sales in 2022 thanks to American spending, but it's too early to say if China will follow.
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What To Expect From Goldman Sachs Stock?

Forbes - 27 Jan 2023 13:00
What To Expect From Goldman Sachs Stock? Goldman Sachs stock (NYSE: GS) has lost 0.5% in the last week, underperforming the S&P 500 (up 0.6%).
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The companies--which were forced to exit their main business lines, lay off employees and close learning centers--have ventured into selling fresh produce and more nonacademic tutoring.
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Don't Blame Covid for the Worker Shortage

Wall Street Journal - 27 Jan 2023 12:30
The American worker is going AWOL--often because they've aged out of the workforce, or never entered it. Their absence could impede the economy's ability to grow, and make for a less prosperous future.
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Why Apple Is Poised For A Tough Holiday Quarter Apple is slated to report its Q1 FY'23 results on February 2, reporting on a quarter that saw the company contend with supply chain headwinds for its flagship iPhones.
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