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Market News

Location American Market News for 12 October 2023

Stocks Drop, Ending Winning Streak After Inflation Data

Wall Street Journal - 12 Oct 2023 22:43
Treasury yields rose after the consumer-price-index report and climbed further after a bond auction revealed weak demand.
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Goldman Sachs Passed on a Higher Offer for GreenSky

Wall Street Journal - 12 Oct 2023 21:10
Fintech Pagaya was part of a group that offered hundreds of millions more for the specialty lender.
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The agency plans more audits targeting high-income taxpayers.
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Inflation Bump Won't Be Enough to Unsettle Fed

Wall Street Journal - 12 Oct 2023 17:24
With long-term rates rising, the Federal Reserve will be in no rush to tighten further.
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Shares Down 13%, Birkenstock Won't Revive The IPO Market Birkenstock's Busted IPO Birkenstock decided to set its IPO price high and investors voted with their feet.
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Protracted Negotiations For The Big 3 Means Nobody Wins When the UAW calls a strike, it doesn't bring the automotive market to a halt, it just hurts the Big 3. Over time, that's bad for everyone involved.
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3Q23 Earnings: Where Street Estimates Are Too Low & Who Should Beat Five S&P 500 companies likely to beat calendar 3Q23 earnings because their Street EPS estimates are understated.
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Social Security COLA to Give Retirees a 3.2% Raise in 2024

Wall Street Journal - 12 Oct 2023 15:35
Starting in January, average monthly checks will increase by $59.
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Investments and goals: Why you need the guidance of a financial adviser There is a lot of narrative around how managing your own money is quite simple, but that's not the case really
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What's Next For Tripadvisor Stock?

Forbes - 12 Oct 2023 15:00
What's Next For Tripadvisor Stock? The company's financial results for both 2020 and 2021 were significantly impacted due to the decrease in travel demand related to Covid-19.
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Why some millennials believe property investment is hot Warren Buffett's quote about real estate holds true for millennials as well. Despite underperforming other investments, millennials are investing in real estate for regular income and rental yields. However, experts warn...
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The Latest PPI Report Release Has Happened, Are We Going To See Another Rate Hike? The latest Producer Price Index (PPI) report has been released, with the wholesale measure of inflation coming in slightly above expectations
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As Tailwinds Fade, Toughest Test For Bull Market Lies Ahead Jeff Schulze of ClearBridge Investments discusses where we stand in the current market cycle and what to expect moving forward.
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How Banks' Deposit Pressures Could Get Worse, in Three Charts

Wall Street Journal - 12 Oct 2023 14:00
If history is any guide, banks aren't out of the woods yet.
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Delta came under fire from customers last month when it announced it would make it harder to earn elite frequent flyer status.
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Walgreens has now underperformed Wall Street's adjusted earnings expectations for two straight quarters.
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Disney Stock Could Rise Over 2x If It Recovers To Pre-Inflation Shock Highs Disney stock currently trades at $85 per share, about 58% below its pre-inflation shock high of about $202 seen on March 8, 2021.
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The planned tie-up between a SPAC and aspiring nuclear-reactor maker Oklo is set to work out well for the CEO behind ChatGPT.
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Ex-Barclays CEO Jes Staley Fined in Jeffrey Epstein Probe

Wall Street Journal - 12 Oct 2023 12:52
U.K. regulators imposed a fine of more than $2 million and banned Staley from senior roles in banking, saying he had given misleading statements about his ties to Epstein.
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What Will Bank Earnings Say About the Economy?

Wall Street Journal - 12 Oct 2023 11:30
JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.
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Mutual funds: Flexi cap fund vs balance advantage. Which is better for you? Mutual funds: Flexicap funds are allowed to invest across market cap as per the market situations whereas the Balance advantage fund is a kind of balance fund that increases equity allocation on market correction
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Israel Conflict Poses Increased Risk to Oil Markets, IEA Warns

Wall Street Journal - 12 Oct 2023 10:48
The energy watchdog raised its demand forecast for this year to a record as OPEC supply remains constrained.
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