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Market News

Location American Market News for 27 April 2023

Amazon Stock To Beat The Consensus In Q1

Forbes - 27 Apr 2023 12:00
Amazon Stock To Beat The Consensus In Q1 The company outperformed the street expectations in the last quarter, with net revenues increasing by 9% to $149.2 billion.
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Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers.
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The company issued muted guidance for the full-year and upcoming quarters that sent shares down, despite posting a beat on the bottom line.
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Nasdaq Leads Stocks Higher After Strong Tech Earnings

Wall Street Journal - 27 Apr 2023 22:32
Meta Platforms shares jumped, following strong results from Microsoft and Alphabet earlier in the week.
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Coinbase Armed for Legal Clash Over How Crypto Is Regulated

Wall Street Journal - 27 Apr 2023 22:31
The biggest U.S. exchange said it would fight the SEC's claim that much of its business is illegal and try to convince a court that Wall Street regulators lack the authority to oversee cryptocurrency markets.
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Dow Gains 500 Points Thanks To Big Tech's $320 Billion Rally Thursday was the Dow's best day since January 6.
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Argentina Is In Full Crisis-Mode. Can Economy Minister Sergio Massa And President Alberto Fernández Regain Control? As is usual in Argentina the issue appears to be that there aren't enough dollars to satisfy demand as people flee from the ever-weakening peso.
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Zero waiting period: Why are insurers denying customers this benefit? Zero-waiting period enables customers to get full coverage the moment they buy a plan
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Can insurance benefits provided by your ex-employer be retained? Insurance policy can be ported as per norms issued by Irdai. Customers can switch from group policies to individual policies or from individual-to-individual policies.
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Casino Stock Flashing Bull Signal Before Earnings Casino stock MGM Resorts (MGM) scored a 12-month high of $46.24 on March 6. Since then, though, the shares have taken a 7% haircut and are heading for their first monthly loss of 2023. If past is precedent, MGM could be ...
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Fixed deposits interest rates to rise; SFBs offer 75-100 bps higher FD rates than PSBs, private banks Experts believe that with liquidity becoming tighter and credit demand remaining strong, lending institutions are in the race to acquire the maximum deposits. SFBs are offering FD rates that are 75-100 basis points highe...
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Why No Buyer Has Emerged for First Republic

Wall Street Journal - 27 Apr 2023 18:28
An acquisition of the beleaguered bank could carry costs well beyond the initial sticker price.
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Auto-Parts Growth Story Still Adds Up

Wall Street Journal - 27 Apr 2023 17:28
Still-high car prices and rising interest rates have been speed bumps for those selling cars in America, but companies selling replacement parts are still on a roll.
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Obesity Drug Hype Outweighs Profit Miss at Eli Lilly

Wall Street Journal - 27 Apr 2023 17:12
Mounjaro excitement more than makes up for company's first-quarter results.
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Recession Can Wait---the GDP Report's Bright Side

Wall Street Journal - 27 Apr 2023 17:01
The recession so many investors are expecting didn't come in the first quarter, and might not come in the second quarter, either.
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'Double Tax' Hinders Taiwan's Investment in American Factories

Wall Street Journal - 27 Apr 2023 17:00
Businesses from Taiwan are rushing to produce semiconductor chips on U.S. soil, but the lack of a formal U.S.-Taiwan tax treaty is an impediment.
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Despite the drop in molnupiravir sales, Merck's revenue and adjusted earnings for the first quarter beat Wall Street's expectations.
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Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.
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'Recession Incoming': Economic Growth Slows To 1.1% As Economists Worry About Worsening Conditions In Months Ahead Economists had hoped economic growth would clock in closer to 2%.
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Amazon CEO Andy Jassy has been aggressively slashing costs through layoffs, a corporate hiring freeze and by ending some experimental projects.
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Wall Street's New Trade: Covid-19 Insurance Claims

Wall Street Journal - 27 Apr 2023 15:00
Distressed-debt specialist Avenue Capital has snapped up part of Caesars' pandemic-related insurance claim at a steep discount.
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The company reported adjusted earnings of $1.62, which missed analyst expectations of $1.73 for the quarter.
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