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Market News

Location American Market News for 31 July 2023

Walmart Pays $1.4 Billion to Boost Flipkart Stake

Wall Street Journal - 31 Jul 2023 00:59
Purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion.
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Ford Earnings Call Reflected Strong Results, But EV Losses In The Billions For Second Quarter Ford was the latest in Wall Street's firing line, with the stock falling despite better-than-anticipated earnings.
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There's Money to Be Made From Your Midlife Crisis

Wall Street Journal - 31 Jul 2023 16:00
A growing industry caters to adults who seek a fulfilling second act.
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Banks Lean On 'Hot' Deposits to Shore Up Balance Sheets

Wall Street Journal - 31 Jul 2023 15:00
Brokered deposits are more expensive for banks, but for some the high cost of funding is worth it.
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Sirius Q2 Earnings: What Are We Watching?

Forbes - 31 Jul 2023 13:00
Sirius Q2 Earnings: What Are We Watching? Sirius XM (NASDAQ: SIRI), a leading provider of satellite radio, is scheduled to announce its fiscal second-quarter results on Tuesday, August 1.
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S&P 500 Extends Winning Streak to Fifth Month of Gains

Wall Street Journal - 31 Jul 2023 22:25
The July rally lifted everything from smaller regional banks to the biggest technology companies.
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Movie Industry Really Needs 'Barbenheimer' to Stretch Its Legs

Wall Street Journal - 31 Jul 2023 19:29
A strong second box-office weekend comes as Hollywood strikes cast a shadow over future releases.
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Bitcoin Power Players: Highlights From The Mining Disrupt Conference This annual event attracts the who's who of the digital asset mining industry, including top players, enthusiastic investors and Bitcoin advocates alike.
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Food, toys, salon visits and vet: Here is what it costs to keep a pet Pet ownership is evolving into parenting, prompting some to extend their lavish lifestyles to their companions.
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Why materiality in listing norms requires clarity

livemint.com - 31 Jul 2023 18:25
Why materiality in listing norms requires clarity Transparency, accountability, and fairness in decision-making are the basic tenets of good governance
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Here's What To Expect From JetBlue's Q2

Forbes - 31 Jul 2023 17:15
Here's What To Expect From JetBlue's Q2 We expect the company's revenues to come in at $2.6 billion, aligning with the consensus estimate.
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A growing industry helps adults who seek a fulfilling second act.
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Meta Platforms Stock Topped The Consensus In Q2, What's Next? Meta Platforms' stock (NASDAQ: META) has rallied 159% YTD, while the S&P500 is up only 18% over the same period.
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Is Roku Stock A Buy Following Strong Q2 Results? While revenues rose by 11% year-over-year to $847 million, net losses stood at a narrower-than-expected $0.76 per share.
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Real-Estate Deal Gone Bad Hits Popular Crowd Funder

Wall Street Journal - 31 Jul 2023 14:00
CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing.
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Three CEOs And A Venture Capitalist On Generative AI's Benefits Versus Price While the details vary, to prevail in contested markets, a company must offer customers the most benefit for the buck.
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The decision to buy Reata signals a new era under CEO Chris Viehbacher, and Wall Street's skepticism presents an opportunity.
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Pearson's Profits Surge In First Half, 2023 Guidance Maintained Sales, profits, and cash flow all rose in a solid first half for the FTSE 100 company.
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Beijing Is Still Too Confident About China's Economy

Wall Street Journal - 31 Jul 2023 12:18
Even after second-quarter malaise, Beijing still seems inclined to stick to half measures. That could be a historic mistake.
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Small Investors Are a Big Problem in China

Wall Street Journal - 31 Jul 2023 12:10
China's 200-million-strong army of individual investors has turned away from the stock market.
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Starbucks' Stock To See Little Movement Past Q3? We expect SBUX stock to see little movement with revenues matching and earnings beat expectations slightly in its second-quarter results.
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Stocks This Week: Buy NVIDIA And Advanced Micro Devices The traditionally bearish month of September is looming. Here are two August trades that are likely best sold late in the month.
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