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Market News

Location American Market News for 24 May 2023

Debt Ceiling Drives Dow to Fourth Session of Losses

Wall Street Journal - 24 May 2023 22:29
A lack of progress in negotiations over the debt ceiling has weighed on U.S. stocks this week.
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Charles Schwab Stock Has An 84% Upside Potential To Its Pre-Inflation Peak The stock price has suffered over recent months due to the fear of a banking crisis after the collapse of Silicon Valley Bank.
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American Eagle Outfitters Stock To Likely Trade Higher Post Q1 American Eagle Outfitters (NYSE: AEO), which sells men's and women's apparel and accessories under the American Eagle, Tailgate, Todd Snyder, and Aerie brands, is sche...
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For Citigroup, Breaking Up Is Hard to Do---But Still Worth It

Wall Street Journal - 24 May 2023 20:32
A public offering for its Banamex business in Mexico will be slower than a sale, but there are benefits.
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Banking Crisis is Over, Top Executives Say

Wall Street Journal - 24 May 2023 19:32
Threats to the global banking system have ebbed, but the industry might be forced to curtail lending and revamp business models in an era of higher interest rates.
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Invest long term, invest in India, says Quant's Tandon Tandon believes that efficient market hypothesis has proven to be quite ineffective at understanding the markets and it's time to change how people manage their money.
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Sephora in Kohl's: Glow Up or Coverup?

Wall Street Journal - 24 May 2023 18:32
Sephora stores, while promising, haven't translated into growth in Kohl's stores just yet.
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What To Expect From Medtronic's Q4?

Forbes - 24 May 2023 18:30
What To Expect From Medtronic's Q4? We expect Medtronic stock to trade sideways post-Q4 results announcement, with its revenues and earnings expected to align with the street estimates.
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Jana Prepares for Proxy Fight at Freshpet

Wall Street Journal - 24 May 2023 17:55
Activist investor plans to nominate four directors for the pet-food company's board.
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OpenAI Competitor Anthropic Secures $450m In Latest Funding Round, With Google As Backer The news comes as the company's fortunes grow, with Google Cloud and Zoom partnerships already announced in recent months.
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Rapid7 Stock Struggles To Maintain 2021 Growth The answer for one publicly-traded company, Boston-based Rapid7, is helping a company's security operations people feel that they are getting ahead of their security c...
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Rapid7 Stock Trades 70% Below Peak As Revenue Rises 12% The answer for one publicly-traded company, Boston-based Rapid7, is helping a company's security operations people feel that they are getting ahead of their security c...
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Kohl's unexpectedly posted a profit and reaffirmed its full-year guidance.
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Natural-gas prices are in retreat around the world, a windfall for the global economy. But the outlook isn't entirely positive, as the price drop is also a symptom of slowing activity.
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Beijing's quest to secure supplies of the metal is leading it to buy up stakes in mines throughout the developing world.
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Invest Like Taylor Swift For 10% Dividends

Forbes - 24 May 2023 14:37
Invest Like Taylor Swift For 10% Dividends This week, we're going to pick up some rich 10% payouts alongside ... Taylor Swift?
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Citigroup Ends Sale Talks for Banamex, Pivots to IPO

Wall Street Journal - 24 May 2023 14:31
The New York bank will spin off its Mexican consumer unit after a yearlong process failed to find a deal.
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Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging.
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Your Next Electric Vehicle Could Be Made in China

Wall Street Journal - 24 May 2023 14:02
China is now the world's top auto exporter. Russia is a factor, but strength in EVs is the bigger story.
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Elizabeth Warren and the FTC Are the Least of Amgen's Problems

Wall Street Journal - 24 May 2023 13:00
The biotech company is facing a patent cliff scarier than Washington's actions.
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A Chinese local government has fired back at claims it is facing severe debt problems, after comments by an anonymous expert on a call with investors.
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How Will The Chinese Chip Ban Impact Micron? The move is viewed as a retaliation of sorts for the export controls the U.S. has imposed on advanced semiconductors products in China.
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