Archive | Market Briefing

Wall St to end 2023 on high note

S&P 500 ekes out gains flirting with bull market confirmation, Google settles $5B lawsuit alleging Chrome's 'Incognito' mode tracks users, and Maine bars Trump from Presidential ballot...

Market Briefing

Dec 28, 2023

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12 min read

S&P near all-time high

S&P 500 inches closer to all-time high, Apple resumes watch sales after appeals court lifts ban, the late-night email sent to Tim Cook that started Apple watch saga, Maersk reroutes dozens of vessels via Suez Canal, and SPAC mania’s ugly end yields $46B in investor losses...

Market Briefing

Dec 27, 2023

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12 min read

Apple appeal

Apple files appeal after Biden admin allows U.S. ban on watch imports, US-led Red Sea task force in trouble as countries hesitate to join, home prices extend records- rising ninth straight month, Tesla to roll out revamped Model Y, and Israel grants Intel $3.2B for new $25B chip plant...

Market Briefing

Dec 26, 2023

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11 min read

Awaiting Santa's rally

Wall Street awaits 'Santa Rally’ with stocks near records, OpenAi in talks to raise new funding at $100B valuation, Fed’s inflation gauge shows November prices rose less than expected, home prices to heat up after Fed rate cuts, and if inflation is cooling consumers aren’t noticing...

Market Briefing

Dec 22, 2023

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12 min read

Market rebounds

Wall Street rebounds after big loss, Apple pulls watches from online sales, Anthropic in talks to raise raise $750M at $18B+ valuation, Musk blasts markets saying indexing has ‘gone too far’, and Blavatnik joins Harvard donor revolt...

Market Briefing

Dec 21, 2023

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13 min read

Fingers point to puts

Fingers point to world's hottest derivatives trade for killing the rally, Citi’s overhaul continues with closure of distressed-debt business, Apple loses attempt to halt watch sales ban, Toyota recalls 1.12 million vehicles over air bag issue, and consumer confidence jumps to a five-month high...

Market Briefing

Dec 20, 2023

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13 min read

Rally mode continues

Wall Street’s optimism isn’t stopping, shippers have diverted $35 billion in cargo amid fears of attacks, Colorado Supreme Court disqualifies Trump from ballot, Citi suit raises #metoo claims at the top levels, and IRS to waive $1 billion in penalities for people owing back taxes...

Market Briefing

Dec 19, 2023

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14 min read

Apple's $17B rescue

Apple plans rescue for $17 billion watch business facing ban, Adobe and Figma call off $20 billion acquisition, Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction, antitrust regulators issue new merger rules amid crackdown, and Nikola founder sentenced to four years in prison for fraud...

Market Briefing

Dec 18, 2023

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14 min read

Irrational optimism?

Fed is sparking irrational market optimism former FDIC Chair warns, gold prices soar to record highs, Teamsters authorize strike at Budweiser, A-Rod’s Slam SPAC plans merger with Lynk Global, and Bezos talks plans for a trillion people to live in huge space stations...

Market Briefing

Dec 15, 2023

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14 min read

Blackstone goes Swifty

Wall Street cheered best Fed day since 2009, Intel unveils Mortgage rates slide <7% for first time since August, Intel unveils new AI chip to compete, Disney prepares for battle as activist Peltz seeks two board seats, and Blackstone goes all-in on Taylor Swift fandom with holiday video...

Market Briefing

Dec 14, 2023

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15 min read

Rate cuts coming

Fed holds rates and indicates three cuts coming in 2024, Dow closes above 37,000 for the first time, Tesla recalls nearly all vehicles to boost autopilot safeguards, Etsy lays off 11% of its staff, and OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT...

Market Briefing

Dec 13, 2023

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14 min read

Fed's last decision

Here’s everything the Fed is expected to do today, new COP28 draft demands swifter fossil fuel transition, Zelenskyy in Washington to discuss Ukraine aid impasse, Biden fires up price wars as inflation cools, and Argentina’s Milei devalues Peso by 54%...

Market Briefing

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