- Market Briefing
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- Page 40
Market News
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...
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...
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...
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...
A.I. Journalism
Google developing tool to help journalists create stories, headlines, Blackstone’s $1 trillion triumph muted by deal slowdown, weekly jobless claims at 2-month low, home sales drop to slowest pace in 14 years, and Amazon to launch ‘pay-by-palm’ technology at all Whole Foods stores...