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Market News

Location American Market News for 2 May 2023
Earnings Preview: What To Expect From Starbucks Today Starbucks is scheduled to report earnings after today's close. Here's as closer look.
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Property Owners May Soon Get a New Reason to Sell

Wall Street Journal - 2 May 2023 11:00
The cost of interest-rate hedges, which are mandatory for most floating-rate commercial real-estate loans, is soaring.
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Starbucks said its same-store sales climbed 11% in its fiscal second quarter.
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Regional-bank shares and energy stocks led major indexes lower as shareholders digest the fallout from First Republic's seizure and sale.
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Regional Bank Stocks Plunge Ahead of Fed Meeting

Wall Street Journal - 2 May 2023 20:29
Shares of a number of midsize lenders fell sharply Tuesday following the collapse of First Republic Bank, a sign that investors are still worried about the industry's health.
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How to navigate via intestate succession in absence of Will? It is important that even you should write a will, as in the unfortunate event of anything happening to you, your estate will be equally divided between your wife, children and your mother, who is one of the class I lega...
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5 star-rated appliances may only trim your energy costs Demand for energy efficient appliances is rising as people look to reduce their electricity bills. Salespeople are promoting 5-star labelled air conditioning units as they consume up to 25% less energy than lower-rated m...
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Help Still Wanted: Fewer Job Openings Won't Faze the Fed

Wall Street Journal - 2 May 2023 18:52
The number of job openings is down sharply, but only compared with pandemic highs.
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The study-materials provider is seeing an increase in student interest in generative AI.
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Dow Plunges 500 Points As More Bank Stocks Crash "The nature of this particular dive feels different than was the case in March," says one analyst who warns of the implications for the regional bank sector
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Will It Be A Rocky May For Markets?

Forbes - 2 May 2023 17:48
Will It Be A Rocky May For Markets? With lingering questions around inflation and banks, will it be a rocky May for markets? Commonwealth CIO Brad McMillan takes stock of the latest developments.
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Uber Is Firing on the Most Important Cylinders

Wall Street Journal - 2 May 2023 17:32
Ride-share and delivery growth accelerate as earnings pick up despite freight losses.
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This Stock Has A 14.27% Yield And Sells For Less Than Book For example, the recent ABR share price of $11.21 represents a price-to-book ratio of 0.9 and an annual dividend yield of 14.27%
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BP Experiences the Downside of High Expectations

Wall Street Journal - 2 May 2023 16:14
The oil major's latest share buyback plan disappointed investors who have grown used to generous handouts.
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Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.
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A Tough Smartphone Market Will Weigh On Qualcomm's Q2 Results QCOM is expected to publish its Q2 FY'23 results on May 3, reporting on a quarter that is likely to see the company's revenue contract meaningfully year-over-year, due to a slowdown in smartphone and tablet sales.
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Battle of the Activists: Hindenburg Shorts Icahn

Wall Street Journal - 2 May 2023 15:57
Short seller Hindenburg says activist investor Carl Icahn's publicly traded holding company trades at a significant premium relative to its peers.
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Stocks Vs. Bonds: Which Is The Better Investment? What's the difference between the two, and which is the best investment for 2023?
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Uber reported first-quarter results Tuesday that beat analysts' expectations for revenue.
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Will Motorola Solutions Q1 Earnings Benefit From Easing Component Prices? Motorola Solutions Inc. (NYSE: MSI) - one of the largest suppliers of land-mobile-radio solutions - is expected to report its Q1 2023 results on May 4.
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Earnings Preview: What To Expect From Ford Today Ford Inc. is scheduled to report earnings after today's close. Here's a closer look.
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Here's What To Expect From Johnson Controls' Q2 We expect Johnson Controls stock to move higher in the near term, with revenue and earnings likely exceeding the consensus estimates.
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