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Market News

Location American Market News for 25 July 2023
LVMH sales rose in Asia and Europe, but the luxury goods company struggled in the U.S. during the second quarter.
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Snap reported second-quarter results that topped analysts' estimates but provided a weaker-than-expected forecast for the current period.
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Dow's Winning Streak Extends to 12 Sessions

Wall Street Journal - 25 Jul 2023 22:34
Coming earnings reports from big technology companies and the start of a two-day Federal Reserve meeting loomed over the trading day.
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Banc of California, PacWest in Advanced Talks to Combine

Wall Street Journal - 25 Jul 2023 21:11
The move by the lenders would aim to further shore themselves up following a regional-banking crisis earlier this year.
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How can I build a corpus of ₹2 cr within the next 7 years? To accumulate ₹2 crore in 7 years, you need to invest ₹1.33 lakh per month or ₹1.2 lakh per month, if we assume returns of 10% p.a. and 12% p.a., respectively.
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How HDFC's mutual fund, ICS give succour to cancer patients HDFC Mutual Fund is collaborating with the Indian Cancer Society (ICS) to launch a new Cancer Cure Fund, allowing investors to donate returns to support cancer patients. The fund is a fixed maturity plan with a 1,196-day...
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Generative AI's Growth Bodes Well For Microsoft, ChatGPT An MIT professor and Goldman's CIO told me GAI has a bright future. It could add $14 billion a year to Microsoft's revenue
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Alphabet's earnings report follows a period of deep cost cuts and a renewed focus on artificial intelligence
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Microsoft is trying to capitalize on demand for artificial intelligence services while also cutting costs
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Biogen, Eli Lilly drugs will expand the imaging market for companies in the diagnostics space.
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McDonald's Extends Its Lead on America's Smartphones

Wall Street Journal - 25 Jul 2023 17:17
The battle isn't for the tastiest sandwich or best drive-through--digital reach is what matters now in fast food.
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This 'BlackRock Indicator' Is Our Key To A $7-Trillion Cash Wave We're in a weird time where interest rates are at (or at least near) a peak--but most people haven't realized it yet.
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GM's Fat Profits Are Getting Awkward

Wall Street Journal - 25 Jul 2023 15:59
First-half results left recession fears in the dust, but negotiations with the UAW could make for a tough second half.
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A Winning Bet for Pension Funds Goes Cold

Wall Street Journal - 25 Jul 2023 15:00
After years of outperforming public markets, some alternative assets are reporting losses.
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Spotify released second-quarter results that missed analysts' estimates for revenue and offered weaker-than-expected guidance.
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Lazard Launches New Arm Focused on Capital Raising

Wall Street Journal - 25 Jul 2023 14:30
The bank's new Capital Solutions business will advise companies on a variety of deals involving things such as preferred stock and convertible debt.
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What To Expect From McDonald's Stock Post Q2 Results? We expect MCD stock to likely trade lower with revenues and earnings missing expectations marginally in Q2 results.
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JPMorgan Stock Topped The Consensus In Q2

Forbes - 25 Jul 2023 13:00
JPMorgan Stock Topped The Consensus In Q2 JPMorgan's stock (NYSE: JPM) has gained 16% YTD, as compared to the 18% rise in the S&P500 over the same period.
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Initial sales of Yeezy stock following the termination of Adidas' partnership with rapper Ye have led it to cut its loss forecast to €450 million, from €700 million.
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Unilever Leads FTSE 100 Higher As It Hikes Full-Year Sales Forecasts Strong first-half results -- along with an upgrade to 2023 sales forecasts -- have pulled Unilever's share price skywards in Tuesday business.
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What To Expect From Intel's Q2 Earnings?

Forbes - 25 Jul 2023 12:00
What To Expect From Intel's Q2 Earnings? Intel stock (NASDAQ: INTC) is expected to publish its Q2 2023 results later this week. We expect revenue for the quarter to come in at about $12.2 billion, marginally...
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With roughly $770 billion of borrowings linked to retail prices, Britain is feeling the pinch.
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