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Market News

Location American Market News for 17 October 2023

Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham

Wall Street Journal - 17 Oct 2023 18:22
Wyndham rejects the offer, saying it involves significant business and execution risk.
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Goldman Sachs Reports 33% Profit Drop

Wall Street Journal - 17 Oct 2023 15:56
The bank is pinning much of its hopes on its asset and wealth-management unit. Quarterly revenue in that business fell 20%.
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Starboard Takes 5%-Plus Stake in Contract-Research Firm Fortrea

Wall Street Journal - 17 Oct 2023 02:30
The activist investor plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation.
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United Airlines said higher fuel costs and its halt of service to and from Tel Aviv will cut into its bottom line in the last three months of the year.
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S&P 500 closes almost unchanged.
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Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.
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Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford Daily Dividend Report: Whirlpool, Bank Of NY Mellon, Albertsons, Sherwin-Williams, Ford
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Retail Sales Get Real

Wall Street Journal - 17 Oct 2023 17:07
The prices for many of the goods that retailers sell have been falling.
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Is it advisable to draft separate wills for each of my properties? Though you can create multiple wills for multiple assets, it will create immense confusion between the beneficiaries and the distribution of the assets.
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How you can save tax on old investments in debt funds The Union Budget 2023 removed the tax advantage for debt mutual funds, taxing all capital gains at the investors' slab rate. However, investors can still benefit from the old tax rules by keeping their old investments un...
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Nucor: Steel Titan Rising

Forbes - 17 Oct 2023 16:40
Nucor: Steel Titan Rising I expect to see an increase in demand for a key building block behind those leaps: steel.
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This 'Boring' Market Is Our Key To 10% Dividend Payouts The "boring" truth is that what we've been seeing is nothing more than a transition from a panicked market to a more normal one.
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Lucid's third-quarter deliveries fell short of Wall Street expectations
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Engaged Capital Builds Stake in North Face, Vans Owner

Wall Street Journal - 17 Oct 2023 15:37
Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.
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What's Next For PepsiCo Stock After A Q3 Beat? PepsiCo (NYSE: PEP) recently reported its Q3 results, with revenues and earnings beating our estimates.
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Should You Pick Delta Stock At $34 After Q3 Beat? Delta (NYSE: DAL) recently reported its Q3 results, with revenues falling in line and earnings beating our estimates.
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Bank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
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It marks J&J's first quarterly results since the company completed the separation from its consumer health spinoff Kenvue in August.
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Down 12% YTD Will General Motors Q3 Earnings Help It Rebound? General Motors is expected to publish its Q3 2023 results on October 24, reporting on a quarter that saw the company's U.S. deliveries witness strong gains amid a favo...
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Rite Aid Is Filing For Bankruptcy: Here's What's Happened The company has come under increased pressure for their high levels of debt, as well as ongoing litigation stemming from the opioid epidemic
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What To Expect As Juniper Publishes Its Q3 Results? The macro environment is also likely to be less conducive to networking-related spending.
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Pfizer Looks for a Covid Bottom

Wall Street Journal - 17 Oct 2023 12:00
The pharma giant has had to slash projections, but investors welcome its plans to cut costs.
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