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Market News

Location American Market News for 20 July 2023
The results come amid investor anxiety over the thousands of lawsuits claiming that J&J's talc-based baby powder and other products caused cancer.
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The airline expects a strong third quarter despite mass flight disruptions at its Newark hub this month.
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Schwab Survived Deposit Crisis. What Comes Next?

Wall Street Journal - 20 Jul 2023 11:30
This year has taught the brokerage the downsides of being a bank when interest rates shoot higher.
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Dow Notches Longest Win Streak Since 2017

Wall Street Journal - 20 Jul 2023 22:45
Tesla stock Drags the S&P 500 lower.
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Artificial Intelligence (Written By AI)

Forbes - 20 Jul 2023 21:21
Artificial Intelligence (Written By AI) Human input is best used for tasks that involve subjective judgment, intuition, and context understanding.
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History Says Steer Clear Of This REIT

Forbes - 20 Jul 2023 20:56
History Says Steer Clear Of This REIT Shares of American Tower (AMT) are moving lower today. Overhead resistance is looming, from a trendline with historically bearish implications.
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Post 2Q23 Earnings, Netflix Still Looks Terribly Overvalued 2Q23 earnings continue to show that Netflix is a low-growth business with deteriorating profitability.
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Tesla's 2Q23 Earnings Confirm My Thesis That TSLA Is One Of The Most Overvalued Stocks To have any upside at current levels, Tesla must improve its ROIC to levels not achieved by even the most profitable businesses in the world.
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What To Look At During Earnings Season

Forbes - 20 Jul 2023 19:47
What To Look At During Earnings Season Every quarter publicly traded companies report earnings and many give guidance going forward. Here are a few things I look for every quarter.
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Here's how you can use secured credit cards to build your credit history Secured credit cards operate exactly like regular credit cards, in terms of earning rewards, discounts and cashback on spends. The difference lies wherein secured credit cards necessarily require a deposit or guarantee o...
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Are high returns in invoice discounting worth the risks Invoice discounting platforms have their own credit rating system for vendors, but it is unreliable.
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AI Economics Must Avoid The Ethical Mistakes Of Climate Economics There is increased danger that AI economics research will turn into a tool to advance a preset policy agenda, similar to what has played out in climate change economics.
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Slowdowns in inflows and core earnings are the immediate questions, but bigger opportunities still loom.
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Investor Group Nears $125 Million Deal for CoinDesk

Wall Street Journal - 20 Jul 2023 18:38
The syndicate is led by Matthew Roszak of Tally Capital and Peter Vessenes of Capital6.
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Johnson & Johnson Rips Off the Kenvue Band-Aid

Wall Street Journal - 20 Jul 2023 18:06
A surprisingly early distribution and a stretched valuation hit J&J's consumer health arm hard.
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KKR Nears Deal for Specialty-Chemicals Maker Chase

Wall Street Journal - 20 Jul 2023 17:45
The private-equity firm would pay roughly $1.3 billion including debt in deal that could be reached Friday.
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How San Francisco and other cities are trying to boost financial education and college savings.
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Who's Right - Cautious Economists Or Optimistic Investors? Jeff Schulze discusses the contrasting viewpoints between cautious economists and optimistic investors regarding the economic outlook for the second half of 2023.
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Tesla Stock Falls On Price Cuts, Production Drop. Buy On The Dip Tesla stock fell 6% in July 20 morning trading.
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Tesla Stock Takes 6% Post-Earnings Dive--Here's Why Some Say Its $860 Billion Valuation Is 'Disconnected From Reality' Tesla beat expectations for sales and profit last quarter but its stock remains "egregiously overvalued," according to one bearish analyst.
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Facing Big Storm Losses, Insurers Aim to Boost Rates

Wall Street Journal - 20 Jul 2023 16:14
Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers' profits.
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Why Is Carvana Stock Going Up? The Carvana Earnings Report Might Have Something To Do With It Carvana's been a magnet for short sellers this year, but the tables might turn after this latest earnings report.
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