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Market News

Location American Market News for 11 May 2023
April Inflation Report Recap: Prices Cool Slightly, Relief For Fed As Inflation Battle Is Working CPI data for April showed a 4.9% price increase year-on-year, down from March's figure and the tenth inflation slowdown in a row
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What's Next For Johnson Controls Stock After An Upbeat Q2? This growth was driven by a 13% rise in North America sales and an 8% rise in Global Products segment sales.
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News Corp's Stock To Likely Trade Higher Post Q3? We expect NWSA's stock to trade higher due to revenues and earnings beating expectations in its third-quarter results.
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SoftBank Trims Overall Loss After Topsy-Turvy Fiscal Year

Wall Street Journal - 11 May 2023 10:35
The adjusted value of Japanese tech investor's Alibaba stake falls to a small fraction of year-ago level.
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Six Legal Reasons the Federal Budget Is Its Own 'Debt Ceiling' - and 'Floor' Since 1974, the Federal Budget has been its own 'debt ceiling' - & its own 'FLOOR.' The pre-1974 debt regime, based on the World War I 'Liberty Bond' program, has been implicitly repealed ever since - if not void ab init...
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Stocks Mixed Despite Slowing Inflation Data

Wall Street Journal - 11 May 2023 22:18
Shares in regional banks such as PacWest weighed on stock indexes Thursday, offsetting gains among tech stocks as the U.S. economy showed fresh signs of cooling.
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Ex-Dividend Reminder: Alcoa, Exxon Mobil And Chord Energy Alcoa will pay its quarterly dividend of $0.10 on 6/2/23, Exxon Mobil will pay its quarterly dividend of $0.91 on 6/9/23, and Chord Energy will pay its quarterly dividend of $1.25 on 5/30/23.
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What you can do to reduce your out-of-pocket-expenditure on healthcare Out-of-pocket expenditure (OoPE) in India, which accounts for approximately 62% of the country's total healthcare spending, is creating a significant financial burden for patients and their families, according to Chris G...
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Is there any insurance policy to cover a tenant's belongings? Moving so often can also put at risk all your valuables, especially appliances, gadgets, or other expensive items. To address this worry of yours, the insurance industry has a product called 'Home Insurance'
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Bond Selloff Adds to the Pressure on Regional Banks

livemint.com - 11 May 2023 19:45
Bond Selloff Adds to the Pressure on Regional Banks Rising yields on debt threaten higher borrowing costs for lenders
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PacWest Stock Sinks 25% After Disclosing Fresh Outflow

Wall Street Journal - 11 May 2023 19:44
The bank said in a securities filing that it lost 9.5% of its total deposits last week.
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Disney Stock Tumbles as Streaming Losses Spook Investors

Wall Street Journal - 11 May 2023 19:38
The share slump weighs on the S&P 500 and Dow Jones Industrial Average.
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EV Startups Are Proving Warren Buffett Right

Wall Street Journal - 11 May 2023 17:39
Polestar became the latest electric-vehicle manufacturer to cut its forecast for 2023 deliveries on Thursday, sending its stock down 11%.
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Bond Selloff Adds to the Pressure on Regional Banks

Wall Street Journal - 11 May 2023 16:28
Rising yields on debt threaten higher borrowing costs for lenders.
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SoftBank Turns Big Seller After Tech Rout

Wall Street Journal - 11 May 2023 15:56
The Japanese tech investor reported $7.2 billion of net losses for its fiscal year, even after gains from selling down its stake in Alibaba.
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The Swedish EV maker said its net loss narrowed dramatically compared with a year ago.
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OPEC's Output Slipped in April Ahead of Saudi-Led Cuts

Wall Street Journal - 11 May 2023 15:39
Supply disruptions in Iraq and Nigeria caused OPEC to pump less oil in April, further straining an already tight oil market.
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The share of marriages with women breadwinners tripled over the last 50 years.
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Stock Clearinghouse Leaked Sensitive Data, Trading Firm Says

Wall Street Journal - 11 May 2023 14:10
Traders worry Depository Trust & Clearing Corp. data feeds could reveal when large investors are buying or selling stocks, a charge the DTCC rejects.
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With Memory Markets Moving Toward Equilibrium, Is Micron Stock A Buy? Micron Technology (NASDAQ: MU) stock has performed relatively well this year, rising by about 22% since early January, amid optimism that the supply-demand balance in the memory markets could improve.
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Airtel Africa Leads FTSE 100 Lower As Sales Growth Slows, Currency Pressure Hits Revenues at the business rose 11.5% to $5.3 billion in the 12 months to March.
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Recent ESG Problems Include Fund Underperformance And Data Inconsistency--And How The US And Europe Differ In Approach Some fractures are appearing in global ESG investment, with market size estimated to hit $50 trillion in 2025. Lagging investment performance is giving some investors pause. And lack of consistent data continues to plagu...
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