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Market News

Location American Market News for 18 July 2023

AT&T Shares Fall to Lowest Price Since 1993

Wall Street Journal - 18 Jul 2023 00:35
Telecom stocks continue slide after WSJ investigation into toxic lead cables.
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Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue

Wall Street Journal - 18 Jul 2023 15:46
Results show that Wall Street-style businesses like investment banking and trading are still in the doldrums.
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Investments in India: How moving to the US changes your tax compliance Migrating to the US poses tax and investment considerations for individuals like Karen, who must report their Indian investments to the IRS. Compliance is important to avoid penalties. Various methods of reporting exist,...
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7 Financial Crimes That Rocked the U.S.

Wall Street Journal - 18 Jul 2023 16:00
Sign up for a new limited email series to uncover some of the most shocking corporate misdeeds of the past 100+ years.
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What To Expect From Halliburton's Stock?

Forbes - 18 Jul 2023 18:15
What To Expect From Halliburton's Stock? Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal ...
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The Shanghai Cooperation Organization And Its Evolving Global Ambition A rising China is challenging the U.S.-led liberal international world order and the Shanghai Cooperation Organization is part of that strategy.
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Stocks Extend Winning Streak as Bank Earnings Spur Optimism

Wall Street Journal - 18 Jul 2023 22:25
U.S. indexes were boosted by lenders' results as well as artificial-intelligence related companies such as Microsoft and Nvidia.
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Microsoft Security Breach: A Wake-Up Call For Board Of Directors Given the recent Microsoft cyber breach, I thought it would be helpful to share an overview of some the steps boards can take in their journey toward cyber readiness.
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A $1 Billion Powerball Jackpot? No Big Whoop

Wall Street Journal - 18 Jul 2023 19:32
Wednesday's jackpot marks the seventh time a lottery prize reached 10 figures.
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Retailers' Problems Get Real

Wall Street Journal - 18 Jul 2023 18:52
Merchants are selling more stuff, but now it is often at lower prices.
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Showtime! Will it be costlier cinemas or cheaper OTTs? Christopher Nolan's film Oppenheimer is releasing in theaters this week. However, the rising ticket prices in major cities like Delhi and Mumbai are making many moviegoers consider streaming options instead. The cost of ...
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Extreme Weather Could Cloud Prospects For Sunny Stock Market, Schwab Warns It's rare for weather to significantly impact equity prices, but Schwab says this time may be different given the market's sensitivity toward inflation.
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Buy And Hold This 9.6% Closed End Fund For Decades People often don't believe me when I tell them there are great funds out there paying sustainable 8%+ dividends--it just sounds too good to be true.
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Macau Recovery Will Drive Las Vegas Sands Q2 Results We expect earnings to stand at about $0.42 per share, slightly below consensus estimates.
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Under CEO James Gorman, Morgan Stanley's reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.
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Seasonal outfits that work across breadbasket states lost business with a slow start.
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While analysts expected Bank of America to be one of the top beneficiaries of rising interest rates, it hasn't played out that way.
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Bitter Rivals Microsoft And Sony Agree On 10-Year Call Of Duty Deal Call of Duty, one of the biggest and most successful gaming franchises ever, is owned by Activision, which Microsoft is set to take over.
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What's In The Cards For Alaska Air's Q2?

Forbes - 18 Jul 2023 14:00
What's In The Cards For Alaska Air's Q2? Earnings will likely come in at about $2.60 on a per-share and adjusted basis, slightly below the $2.68 consensus estimate.
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Here's What To Expect From Boeing's Q2

Forbes - 18 Jul 2023 13:00
Here's What To Expect From Boeing's Q2 We expect the company to post a loss of $0.94 per share on an adjusted basis, slightly below the consensus estimate of $0.89 loss per share.
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What To Expect From EBay Stock?

Forbes - 18 Jul 2023 12:00
What To Expect From EBay Stock? At its current price of $47, the stock is trading 5% below its fair value of $49 - Trefis' estimate for eBay's valuation.
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Lead Cables Will Be a Dead Weight for Telecom Carriers

Wall Street Journal - 18 Jul 2023 12:00
AT&T, Verizon, Frontier and Lumen face potentially huge liability.
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