Archive | Market Briefing

Luxury mega-merger

US CPI posts smallest back-to-back increases in 2 years, China slams Biden’s order limiting overseas tech investment, Tapestry and Capri announce luxury mega-merger, TV giants clash over NBA/NHL/MLB games as rights up for grabs, and Disney+ loses millions of subscribers as content purge continues...

Market Briefing

Aug 10, 2023

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12 min read

Disney+ hikes price

No surprises expected in today’s July CPI report, Disney raises streaming prices... again, China learns the D-word, interest in Biden’s CHIP’s Act funding surpasses 460 companies, and Biden admin announces $20M in prizes for hackers to compete...

Market Briefing

Aug 9, 2023

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14 min read

WeWork: Rise & Fall

WeWork tumbles, ESPN getting into sports betting with Penn, Wall Street WhatsApp, texting fines exceed $2.5B, shares drop as Moody’s cuts ratings of US banks, and UPS job searches surge after $170K driver pay union deal... Stocks rebound from a losing week, North Korean hackers breached top Russian missile maker, Campbell acquires Rao’s sauces for $2.7B, Yellow files for bankruptcy shedding 30K jobs, and Paypal unveils dollar-baked stablecoin on Ethereum...

Market Briefing

Aug 8, 2023

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10 min read

Stocks rebound

Stocks rebound from a losing week, North Korean hackers breached top Russian missile maker, Campbell acquires Rao’s sauces for $2.7B, Yellow files for bankruptcy shedding 30K jobs, and Paypal unveils dollar-baked stablecoin on Ethereum...

Market Briefing

Aug 7, 2023

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12 min read

Optimism returns to boardrooms

Wall Street forecasts project profit recession ends next quarter, Berkshire Hathaway’s cash pile approaches $150 billion, Texas power prices surge 800% in searing heat, month four with no end in sight for Hollywood strike, and ‘Barbie’ reaches $1 billion at the box office...

Market Briefing

Aug 4, 2023

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10 min read

Amazon's blowout profit

Yellen calls Fitch downgrade 'entirely unwarranted', $25 trillion Treasury market under pressure, Salesforce cuts more jobs, Woldcoin to allow companies and governments use of ID system, and Amazon unveils grocery delivery to non-prime members...

Market Briefing

Aug 3, 2023

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11 min read

Treasury market under pressure...

Market Briefing

Aug 2, 2023

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14 min read

US loses top rating

Fitch strips US of top-tier sovereign credit grade, job openings fall to lowest level since 2021, Tesla plans to build semi truck charging route from TX to CA, Amazon rolls out virtual health clinics, and Tupperware and Yellow join ‘meme stock’ club...

Market Briefing

Aug 1, 2023

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9 min read

Meta's epic run

Meta in longest rally since the company's 2012 IPO, the first US nuclear reactor built from scratch in decades enters commercial operation, traders brace for $102B wave of treasury bonds sale, Yellow now headed for bankruptcy, and Big X being taken down from Twitter roof after San Fran squabble...

Market Briefing

Jul 28, 2023

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9 min read

Oh, snap

Historic 13-day rally snapped as Dow loses more than 200 points Thursday, sweeping changes coming to capital rules for banks with $100B in assets, Euro Central Bank hikes interest rates opening door for more, Sony PlayStation 5 sales top 40 million, and McDonald’s unveils plans for “CosMc” spinoff restaurant...

Market Briefing

Jul 27, 2023

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10 min read

Oops they did it again...

Fed raises rates to 22-year high, big jump in consumer confidence with easing inflation, Billionaire Joe Lewis pleads not guilty to insider trading, U.S. sends $400M in military aid to Ukraine, and Gap names Mattel’s Richard Dickson as CEO...Wall Street climbs on Big Tech enthusiasm, UPS reaches labor deal and avoids strike, Wordcoin users queue up for iris scans, Yellen visits Vietnam to build US ties, and AMC likely to file Chapter 11...

Market Briefing

Jul 26, 2023

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9 min read

Big Tech enthusiasm

Wall Street climbs on Big Tech enthusiasm, UPS reaches labor deal and avoids strike, Wordcoin users queue up for iris scans, Yellen visits Vietnam to build US ties, and AMC likely to file Chapter 11...

Market Briefing

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