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Market News

Location American Market News for 29 November 2023
Interest Rates Continue Falling And The Passing Of Charlie Munger We're seeing probabilities of rate cuts in 2024 not only increasing but coming sooner than most expected.
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Big Oil Bets on Hot Air in Climate Talks

Wall Street Journal - 29 Nov 2023 16:00
The COP28 summit probably won't change industry expectations of a slow energy transition, but nor will it clarify companies' long-term future.
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Apple Pulls Plug on Goldman Credit-Card Partnership

Wall Street Journal - 29 Nov 2023 00:53
Tech giant proposed exiting contract in about 12-to-15 months.
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Salesforce reported on Wednesday that revenue in the fiscal third quarter increased 11% while profit topped analysts' estimates
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Charlie Munger's Life Was About Way More Than Money

Wall Street Journal - 29 Nov 2023 22:43
Few people have been wealthier, in all the senses of the word, than the brilliant billionaire investor.
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Will Kroger Earnings Distance The Stock From Recent Lows? Supermarket giant Kroger (KO) is gearing up for its third-quarter earnings report, due out before the market opens on Thursday, Nov. 30.
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OPEC+ Mulls New Oil Production Cuts Amid Middle East Conflict

Wall Street Journal - 29 Nov 2023 21:03
OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said Wednesday.
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Cigna, Humana in Talks for Blockbuster Merger

Wall Street Journal - 29 Nov 2023 20:27
A cash-and-stock deal between the health-insurance giants could be struck by year-end.
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GM's $10 Billion Apology

Wall Street Journal - 29 Nov 2023 19:58
It has been a good year for the automaker financially, but a bad one strategically.
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U.S. Crude Oil Inventories Rose 1.6 Million Barrels

Wall Street Journal - 29 Nov 2023 18:45
U.S. crude oil, gasoline and distillate fuel inventories rose by 1.6 million barrels as refineries ramped up their capacity use.
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Nike Crosses Above Key Moving Average Level

Forbes - 29 Nov 2023 18:07
Nike Crosses Above Key Moving Average Level In trading on Wednesday, shares of Nike crossed above their 200 day moving average of $110.30, changing hands as high as $112.15 per share.
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René Benko's Signa filed for insolvency, marking one of the most dramatic falls in the property sector in recent years.
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Shaping investing strategies beyond just the numbers

livemint.com - 29 Nov 2023 17:48
Shaping investing strategies beyond just the numbers Even in his 90s, Charlie Munger was mentally sharp and his wisdom unparalleled
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Beating the index has been too easy this year, almost A market rally over the last six months has pushed up valuation of small-, mid-caps significantly
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Is Roche Stock Undervalued At $33?

Forbes - 29 Nov 2023 16:00
Is Roche Stock Undervalued At $33? After a 14% fall this year, Roche stock (OTCMKTS: RHHBY) looks like it can see higher levels.
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Down 50% From 2021, We Think There's Upside For AT&T Stock AT&T's wireless subscriber growth has clearly slowed compared to last year, due to saturation in the wireless market and easing tailwinds from the Covid-19 lockdowns.
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Is AMD Stock A Buy At $120 As It Doubles Down On AI-Focused GPUs? That being said, much of the surge in the stock appears to be coming from mounting interest in the company's graphics processing business.
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Can a Big Pharma Ever Be Worth $1 Trillion?

Wall Street Journal - 29 Nov 2023 14:00
Eli Lilly is blowing past its competitors, thanks to prescient bets on obesity and Alzheimer's. Can it avoid the patent cliff?
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Investors Lose Legal Bid Over Nickel Market Blowup

Wall Street Journal - 29 Nov 2023 13:03
The cases against the LME have been closely followed as a test of whether exchanges have the power to unwind trades to maintain orderly markets.
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Why Amazon and Nvidia Need Each Other

Wall Street Journal - 29 Nov 2023 13:00
The cloud giant's ambitious in-house chip program can't fully match Nvidia's AI dominance, while the chip maker needs to keep its U.S. business strong as export restrictions grow.
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Binance Begins Again With U.S. Oversight. Will It Survive?

Wall Street Journal - 29 Nov 2023 12:30
The global crypto exchange's new regime will force a significant shift in how the firm operates.
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Domestic air passenger traffic surges 11 percent

livemint.com - 29 Nov 2023 10:12
Domestic air passenger traffic surges 11 percent India's domestic air passenger traffic in October surged by nearly 11% annually, reaching 1.26 crore passengers, as per recent official data. In comparison, October 2022 had 1.14 crore passengers, while September 2023 ha...
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