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Market News

Location American Market News for 20 April 2023

Stock Futures Fall; Tesla Shares Drop Premarket

Wall Street Journal - 20 Apr 2023 14:49
Stock futures fell Thursday as another batch of earnings started to roll in, and Tesla shares sank before the bell.
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Tesla Counts the Cost of Its Price War

Wall Street Journal - 20 Apr 2023 02:20
The electric-vehicle maker hopes to recoup some of its lost margin by selling automated-driving features over the air, but first it has to make them work.
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IBM missed on revenue, but reduced expenses contributed to better-than-expected profit
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Amazon.com Reports After The Close On 4/27 -- Options Contracts Expire The Next Day According to NextEarningsDate.com, the Amazon.com AMZN next earnings date is projected to be 4/27 after the close, with earnings estimates of $0.22/share on $124.48 Billion of revenue.
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Tesla Loses Equivalent Of Ford's Market Value In A Single Day Ongoing price cuts to Tesla's vehicles "undermine" its profitability and showcase the fragility of it sustaining a competitive advantage in the auto market, according to Bernstein.
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Is a retired employee eligible for a home renovation loan? Retired govt employees can avail home loans for renovation & additional floor; factors include approved plans & estimates from contractor. Inheritance property's sale profit subject to capital gains tax.
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Insurance: a grave need for stronger protection of policyholder rights Medical insurance policies exclude 'treatment for alcoholism, drug, substance abuse or any addictive condition and consequences thereof'.
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How LGBTQs are alienated in India's rental market

livemint.com - 20 Apr 2023 20:06
How LGBTQs are alienated in India's rental market A constitution bench of the Supreme Court is currently hearing a batch of petition seeking legal recognition for same-sex marriages.
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Get direct access to AIFs soon, and at a lower fee as well India's Securities and Exchange Board has unveiled a series of reforms for the Alternative Investment Fund sector, which includes new disclosure norms and direct investor access. The reforms, which will come into effect ...
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There's No Need To 'Pack' Our Courts. The Need Is To Un-Pack Them. An oft-heard cry, after last summer's overturning of Roe v. Wade by an overreaching Supreme Court, was that the U.S. Congress and President Biden should consider 'packing the Court.' But that is unneeded. What is needed ...
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We're Not Done With Layoffs Yet As Meta, Disney And Amazon All Make Further Cuts Meta, Disney and Amazon have all made headlines this week as the highly anticipated job cuts hit workers across multiple divisions
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Potential Recession Ahead May Be Long And Moderate, Not Short And Shallow Jeff Schulze of ClearBridge Investments examines our current market environment and the likelihood of a long and moderate recession vs a short and shallow one.
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The Labor Market Might Be Bending; It Isn't Breaking

Wall Street Journal - 20 Apr 2023 17:38
There are now many signs of a welcome cooling in hiring activity.
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Tesla's 1Q23 Earnings Confirm Major Downside Risk After 1Q23 earnings and another missed growth goal, I continue to see Tesla as one of the most overvalued stocks in the market.
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Auto Dealers Feel the Squeeze

Wall Street Journal - 20 Apr 2023 17:29
AutoNation and Lithia add to the drumbeat of bad news for the business of selling cars.
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Netflix Is Still Expensive After 1Q23 Earnings After the release of 1Q23 earnings, I continue to find that Netflix remains highly overvalued and should trade closer to $175/share.
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Tesla Shares Slip After Price Cuts Hit Earnings

Wall Street Journal - 20 Apr 2023 17:18
Shares of the electric-vehicle maker have fallen nearly 50% over the past 12 months.
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The Best REIT Dividend For A Recession

Forbes - 20 Apr 2023 16:41
The Best REIT Dividend For A Recession Worried about a recession? Two thoughts...
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Tesla Stock Plunges As Analysts Warn Profit Margin 'Pain' Will Linger In Coming Quarters Ongoing price cuts to Tesla's vehicles "undermine" its profitability and showcase the fragility of it sustaining a competitive advantage in the auto market, according to Bernstein.
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When Will I Retire? How About Never

livemint.com - 20 Apr 2023 16:13
When Will I Retire? How About Never For many people, the idea of stopping work is a nonstarter--an inevitable path to boredom, ill health and a life devoid of meaning
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TSMC's Tough Quarter Complicates Its U.S. Chip Ambitions

Wall Street Journal - 20 Apr 2023 15:18
The latest results from the world's largest contract chip manufacturer confirm the grim outlook facing the semiconductor industry.
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Should You Buy Boeing Stock Over This Aerospace & Defense Company? There is more to the comparison, and in the sections below, we discuss why we believe BA stock will offer better returns than GD stock in the next three years.
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