Apple has a 'good problem' with supply chain issue
Wall Street is fiercely defending Apple (AAPL) stock after the company's earnings call Thursday evening triggered a sell-off on concerns about inflation and supply chain bottlenecks.
#stocks#apple
Social Security's surplus will last a little longer,new report predicts
The reserve funds for Social Security and Medicare programs will last longer than previously thought — thanks to a faster and stronger-than-expected recovery from the 2020 pandemic-induced recession.
#stocks
GameStop Corp reported first-quarter revenue that exceeded market expectations on Wednesday, as the video game retailer pivots toward a more online-focused model amid increasing competition from large retailers such as Walmart Inc and https://t.co/n0Q2gFJUFD Inc.
#stocks
After a couple of days of strength in stocks, one Wall Street investment bank thinks the worst is behind investors.
"Over the near term, our high level takeaway is that the equity markets have reached a peak bearishness related to Fed expectations and recession risk,"
#stocks
Bonds Fall, Stocks Slide as Inflation Fears Mount.
Stocks and US equity futures dropped, while bonds fell Tuesday as euro-zone inflation accelerated to a fresh all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates.
#stocks
China in Danger of Exporting Fresh Inflation
China’s Covid-zero strategy is set to stay in place for the rest of the year, intensifying the world’s supply-chain woes and challenging efforts by central bankers to rein in inflation that’s running at multi-decade highs.
#Economic
What to watch in markets this week
A bounce in U.S. stocks last week snapped a seven-week losing streak for the S&P 500 and Nasdaq, while the Dow logged gains for the first time in eight weeks.
#stocks
As NFT sales have plunged overall this year, smaller, lesser known NFTs are getting crushed, while bigger brand names are holding up a bit better
“What we're seeing in this market right now with NFTs is all of these small projects, ones that don't have a very strong roadmap
$NFT
Nvidia (NVDA) reported its Q1 earnings after the bell Wednesday, beating analysts' expect on revenue, but falling short on Q2 estimates.
Revenue: $8.29b vs $8.10b expected
Adjusted EPS: $1.36b vs $1.29b expected
Data Center: $3.75b vs $3.63b expected
Gaming: $3.62b versus $3.53b
Stocks drift higher as traders await Fed meeting minutes
U.S. stocks rose slightly on Wednesday, steadying after recent selling sparked amid growing concerns about the impact of inflation on company profits and the broader economy.
#stocks
A major shift in the economic narrative could be underway
The overarching narrative of the markets and economy has been one of strong demand meeting lagging supply,a dynamic that has caused inflation to surge.
While most signs suggest these trends continue to persist
#economics
The overarching narrative of the markets and economy has been one of strong demand meeting lagging supply, a dynamic that has caused inflation to surge.
While most signs suggest these trends continue to persist, a handful of anecdotes from the past week.
#Economic#stocks
Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025
EOUL (Reuters)-Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology
#investments#stocks
U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry does business.
#crypto
The scary arm of inflation has found its way to the financials of consistently top performing Target.
Target reported a wide first quarter earnings miss on Wednesday as cost increases in areas such as freight and inventory surged, not unlike what rival Walmart shared on Tuesday
Land Rover revealed the newest addition to its lineup, an all-new Range Rover Sport. It's a cult favorite among the brand’s fans, with the mid-size SUV known more for its street prowess than its performance off pavement.
#stocks#rangerover#electricity
Elon Musk put his $44-billion deal for Twitter Inc "temporarily on hold" on Friday while he awaits data on the proportion of its fake accounts, sending the shares in the social media platform plunging.
Twitter shares fell 17.7% to $37.10 in premarket trading.
#stocks#twitter
Stocks Tumble Amid Inflation Worries; Dollar Gains
Global stocks and US equity-index futures tumbled as stubborn inflation in the world’s biggest economy bolstered the case for more aggressive monetary tightening by the Federal Reserve. #stocks
Stock futures open slightly higher after S&P 500 closes at lowest level since March 2021
U.S. equity futures edged slightly higher ahead of overnight trading Monday after stocks extended a sharp sell-off that sent all three major indexes to their lowest level year-to-date.
Recession Watch heats up as Fed moves to tamp down inflation
You blow a tire after doing 90mph on a highway, and a pitstop to the local tire store is in the cards. Drink 10 cups of coffee before noon, and you'll probably need to use the bathroom at least twice before 1:00 p.m.