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Market News

Location American Market News for 15 May 2023

Rusty Old Oil Tankers Fetch Big Bucks

Wall Street Journal - 15 May 2023 13:00
Shipping companies are enjoying an earnings bonanza even if they won't carry Russia's oil.
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The deal would be the largest ever in the gold-mining industry.
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Warren Buffett's company also added to large stakes in Apple and Bank of America.
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Stocks Edge Higher With Debt-Ceiling Talks in Focus

Wall Street Journal - 15 May 2023 22:19
Recent muted trading action signals jitters among investors. The S&P 500 rose 0.3% and the Nasdaq added 0.7%.
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Newell Brands Dividend Yield Pushes Past 10% In trading on Monday, shares of Newell Brands were yielding above the 10% mark based on its quarterly dividend (annualized to $0.92), with the stock changing hands as low as $9.13 on the day.
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Finfluencers' earnings: Who bears the real cost?

livemint.com - 15 May 2023 20:05
Finfluencers' earnings: Who bears the real cost? Their source of revenue is online courses, brand promotions; some earned substantial revenue from affiliate links.
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How To Find The Best Sector Mutual Funds 2Q23 With an ever-growing list of similar-sounding mutual funds to choose from, finding the best is an increasingly difficult task.
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Analyzing Chevron's Dividend Growth Potential Chevron (CVX) is the featured stock from this mont's Dividend Growth Stocks Model Portfolio.
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The Looming Debt Ceiling Crisis: What It Means For The U.S. Economy And Global Markets Every couple of years, it seems, the world watches in apprehension as the U.S. president and Congressional leaders play chicken over the nation's debt limit. If the so-called ceiling can't be raised, the U.S. Treasury ri...
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Microsoft's Activision Deal Goes Down to the Wire

Wall Street Journal - 15 May 2023 19:35
EU approval is an important win, but the U.K. ruling still a major roadblock.
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The pair is set to be senior officials at the advisory firm started by former Teneo CEO Declan Kelly.
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Retail Focus

Forbes - 15 May 2023 14:46
Retail Focus This week; however, we'll hear from some big name retailers that will offer insights into consumer spending habits and how inflation is affecting those habits.
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Which Healthcare Stock Is A Better Pick: Abbott Or This Robotic Products Company? There is more to the comparison, and in the sections below, we discuss why we believe ISRG stock will offer higher returns than ABT stock in the next three years.
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What's Next For Guess' Stock?

Forbes - 15 May 2023 13:30
What's Next For Guess' Stock? As a general protective move to shore up inventory, the retailer ordered products earlier than normal to deal with supply chain headwinds.
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Earnings Preview: What To Expect From Home Depot On Tuesday Home Depot is scheduled to report earnings before Tuesday's open.
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Goldman Sachs Is A Surprising New Entrant In The AI Race With New AI Social Media Platform Goldman Sachs spins out a LinkedIn competitor, the AI-powered Louisa platform
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AI Spending Will Cloud Chip Slowdown

Wall Street Journal - 15 May 2023 12:30
Google, Microsoft and other big techs are slowing capital spending while also launching generative AI services that require the most expensive chips.
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Foreign luxury-goods makers are among those getting a boost from the country's reopening.
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Vice Media to Sell Itself as It Files for Bankruptcy

Wall Street Journal - 15 May 2023 10:15
Soros fund, Fortress among lender group that bid roughly $225 million for the former digital news darling.
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A Rally in the British Pound May Be Winding Down

Wall Street Journal - 15 May 2023 10:04
After a phenomenal run for the British pound, market watchers say the currency's fortunes could be about to change.
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Activist Shareholder Plans Proxy Battle at Shake Shack

Wall Street Journal - 15 May 2023 00:53
Engaged Capital seeks three seats on burger chain's board and has 6.6% stake.
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